ICYMI fintech funding round-up: Fimple, Money Industries and Koree
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
UK and Turkey-based fintech start-up Fimple has secured an additional $3.5 million in funding as part of its self-proclaimed “bridge investment tour”.
Fimple raises $3.5 million
The investment was led by Apy Ventures with participation from KT Portfolio, Tera Portfolio, and angel investors. It follows a $2 million investment from a pre-seed funding round, bringing its total funding to date to $5.5 million.
Founded in 2022, Fimple provides cloud-native core banking solutions to the finance sector, with offices in Istanbul and London.
Describing the funding as a “strategic move”, Fimple plans to use the new cash to expand its global presence and enhance its offerings to provide better service to its customers.
Estonia-based fintech start-up Money Industries has secured $1.5 million in a funding round led by Caucasas Ventures to help fuel its growth.
Founded in September 2023 and based in Tallinn, Money Industries aims to equip financial institutions and fintech companies with cross-border money transfer and payment infrastructure solutions within markets such as Central Asia, Eastern Europe, Turkey, Middle East and Africa.
Cameroonian fintech Koree has raised $200,000 in a pre-seed funding round.
The funding round saw participation from Duplo co-founder Tunde Akinnuwa, Cameroon Angels Network, Catalytic Africa, and Digital Africa, among other investors.
Founded in 2022, Koree allows users to create digital loyalty cards through its mobile app, through which users can earn cashback rewards after purchasing from brands and merchants.
The start-up intends to use the new funds to expand its merchant network as it looks to onboard more customers.
