Not every company is struggling in this downturn; & more!

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Welcome to a new episode of your daily FinTech podcast!

NEWS HIGHLIGHT

Not every company is struggling in this downturn. Despite a cooling market, corporate spend management startup Ramp reports that it has more than doubled its revenue run rate since the start of the year.

FINTECH NEWS

#donedeal

• Atlantic Money secured an additional injection of $3M seed capital to accelerate its growth having recently received its EU license. Link here.


• TomoCredit raised $22 million in a Series B funding round joined by Morgan Stanley's Next Level Fund and Mastercard. Link here.


• Fairbanc raised $4.8 million in pre-Series A funding led by Vertex Ventures. Link here.


• Portage Ventures closed on $655 million for its third flagship fund, its largest to date. Link here


• Covey closed a $2.5M seed round led by Social Leverage and Portage Ventures with participation from Cue Ball and BoxOne. Link here.

#fintechinnovation

• Airwallex launched its Online Payments App on Shopify. Link here.