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This Friday’s funding roundup includes three US-based fintech startups: OatFi, Fintor and StandardC.
OatFi emerges from stealth with funding
Fintech startup auto fi Came out of stealth with $8 million Seed funding led by QED Investors.
Existing investors Portage Ventures, Picus Capital, and Cambrian Ventures also participated in the round, along with new investors Fin VC, Dash Fund, Lorimer Ventures, and Melio co-founder Ziv Paz. Did.
This new round brings OatFi’s total funding to $11.25 million, having raised $3.25 million in a pre-seed round earlier this year.
OatFi has also secured a $50 million line of credit from Architect Capital. Funds will be used to build the product and expand the team.
Founded in 2021 and based in New York City, OatFi provides end-to-end infrastructure for B2B payment platforms, enabling them to buy now, pay later (BNPL) and various bond financing products. Allows you to launch embedded financial tools such as
fintera fintech startup that enables real estate investments, has raised additional funding to launch its mobile-first platform. $6.2 millionhas raised a total of $9 million to date.
Notable investors in this round include Public.com, Hustle Fund, 500 Global, VU Ventures, Graphene Ventures, and angel investors.
Additional funds will be used to grow Fintor’s user base while expanding the number of investment properties. Across the country, he said, he aims to expand to more than 20 markets in the first half of 2023.
Fintor allows users to invest in real estate starting at $5 and diversify their investment portfolio without the hassle of owning real estate.
The platform does this by purchasing rental properties, securitizing the assets, and issuing shares in the LLC that owns the properties. Through his own Initial Realty Offering (IRO), Fintor launched the first investment properties based in Alabama, Georgia and Tennessee.
Headquartered in Palo Alto, California, Fintor has a waiting list of over 20,000 users and is fully compliant with U.S. Securities and Exchange Commission (SEC) regulations.
Standard C secured $4.75 million in a seed funding round from hard.
The company is also launching the StandardC Monitoring Center, which automates Know Your Customer (KYC) and vendor intelligence capabilities for financial institutions, enterprise customers, and those interacting with highly regulated and compliance-conscious customers and vendors. increase.
The StandardC software platform creates and maintains “data-rich” digital identities to simplify customer onboarding and monitor ongoing compliance of enterprises to improve customer experience and business development opportunities. I am aiming for
The San Francisco-based company aims to use the funds to expand its workforce, and plans to double the size of its team by 2023.
