Seedcamp is Europe's seed fund, identifying and investing early in world-class founders attacking large, global markets and solving real problems using technology. The Seedcamp Nation includes over 400 startups building breakout businesses that change the way people live, interact and buy and includes publicly listed UiPath, Wise, and unicorns Revolut, Hopin, Sorare, Pleo, and wefox along with fast-growing businesses such as Grover, viz.ai and Ezra.  Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support and a global network built upon more than a decade's experience backing exceptional talent. Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support, and a global network built upon more than a decade's experience backing exceptional talent.

Seedcamp

Mango Capital is a venture capital company. The company prefers to invest in seed/early-stage companies in the enterprise software sector. Mango Capital is headquartered in San Francisco Bay Area, West Coast and was founded in 2018.

Mango Capital

Tribe Capital is a top-quartile venture capital firm focused on capturing a perpetual edge in venture and crypto using data science. The team is made up of investors, engineers and scientists who use artificial intelligence (“AI”) and data science to model venture-backed private companies. Beyond investment capital, Tribe deploys these AI tools to separate signal from noise, helping our companies understand their businesses better.  Our data-informed strategy includes an underwriting infrastructure and a quantitative analysis tool called the “Magic 8-ball.” We leverage these tools to provide deep insight on factors driving growth and how to accelerate sustainable growth, honed through years of developing similar products at major tech and finance players like Lyft, Yahoo, Facebook, and Bridgewater Associates.   Our team uses these tools to measure quantitative product-market fit, so we can more effectively assess and accelerate what Tribe refers to as “N-of-1” companies - companies with the potential to be 10-100x growth opportunities, while minimizing loss ratio by a large degree.  Tribe Capital has $1.6 billion in assets under management and has made notable investments in Apollo.io, Carta, Docker, Kraken, Instabase, Relativity Space, and Shiprocket.

Tribe Capital

Founded by Nicole Junkermann, an entrepreneur and investor who has previously raised her own significant private equity fund. NJF Capital brings a deep understanding of business strategy, entrepreneurial know-how and a wide network across business and government. They use that experience in disciplines including brand building, recruitment, admin and legal and regulatory environments, to help their portfolio companies on their growth journey.

NJF Capital

Notion is an entrepreneur-led venture capital firm that focuses on high potential businesses in the Cloud Computing and Software-as-a-Service (SaaS) markets. It is an early-stage venture fund that focuses mainly on technology and cloud computing markets. The firm helps European tech companies fulfill their potential and achieve a massive scale. Notion invests early when it can build strong relationships and help to shape the future success of its companies. Notion Capital was founded in 2009 and is headquartered in London, England.

Notion Capital

MMV is a multi-stage, global venture capital firm investing in enterprise software, cybersecurity, financial technology, and digital health companies. We help accelerate the growth of the companies we partner with by providing capital, connections and advice. MMV’s sole limited partner is MassMutual, a Fortune 500 financial services company with assets under management of $616 billion (Dec 2020).

MassMutual Ventures

EQT Ventures is a European VC fund with just over €2.3 billion in total capital raised. EQT Ventures I launched in May 2016, with commitments totaling €566 million and a simple mission - to be the kind of VC the team would have liked to have had on their own startup journeys. Recognizing that building and growing a company takes more than just capital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but on bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totaling €660 million. EQT Ventures III launched in 2022, with commitments totaling €1.1 billion, making it the biggest European Venture Capital fund committed to early-stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris, and San Francisco, taking a locals-with-locals approach and supporting founders on the ground. Motherbrain, EQT Ventures'  in-house-developed artificial intelligence (AI) platform, ensures the team has a data-driven approach and has driven more than $100 million in portfolio company investments.

EQT Ventures

Breega propels pioneering and purpose-driven founders from idea into impact. We closed our first fund in 2015 and now have half a billion AUM and 70+ trailblazing portfolio companies. Crafted for founders by founders, we built Breega to provide start-ups with the help we wish we'd had. And we’ve created an investment proposition that’s purposefully designed. We call it full stack funding: providing capital and connections, expertise and experience, support and solidarity for entrepreneurs at every step of their journey. We invest across Europe and internationally, focusing on pre-seed to Series A+.

Breega

From self-driving electric trucks to AI-driven identity verification; from brain scan analytics predicting Alzheimer’s to mixed reality headsets training astronauts for their Mars mission; from seamless urban mobility to end-to-end transparency of sensitive supply chains, NordicNinja is searching for #1 teams in the world who are based in the New Nordics.

NordicNinja VC

CircleRock Capital aim to be the leading European, multi-stage co-investor of choice for exceptional technology companies, investing primarily in Seed, Series A and Series B opportunities. We invest alongside the leading global VC firms, so that founders can have both a leading VC and us on their cap table. We don’t lead deals and we don’t take board seats. Our ticket sizes range from €500k to €5 million +. Our LP’s include exited entrepreneurs, leaders at global tech companies, venture-backed founders, family offices, leading angels, CEO’s & board members of public companies. We fight to win allocation based on our reputation for fundraising expertise and our valuable network – consisting of both commercial customers and access to our global network of industry leaders. CircleRock Capital have a successful history as both Investors and Operators. Conor was previously nominated for both UK Angel Investor of the Year and Exit of the Year. Barry built FCA regulated fintech Clear Treasury from inception to a multi-million pound turnover business, with over 2,500 clients across all industry sectors, exiting in 2020. Offices in Dublin and London. Are you an Angel Investor or Family Office? Sign up here to receive our curated deal flow: https://www.circlerockcapital.com/investor-registration

CircleRock Capital

Griffin

Griffin is a banking-as-a-service provider that helps companies build and launch financial services products. Its platform is an OS for embedded finance, an all-in-one solution that will break down barriers to entry for fintech by reducing cost, time to market, and the hassles of securing a banking partner. The platform also enables global brands with complex payment needs to enhance the customer experience with embedded finance.

Based in the UK, Griffin offers a full-stack banking-as-a-service (BaaS) platform built on APIs and software. Its platform offers a range of services, covering bank account management, payment handling (through several payment rails such as FPS, Bacs, and CHAPS), debit card issuance, and compliance. The company caters to a range of end-users including digital wallets, marketplaces, and lending providers.

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Based in the UK, Griffin offers a full-stack banking-as-a-service (BaaS) platform built on APIs and software. Its platform offers a range of services, covering bank account management, payment handling (through several payment rails such as FPS, Bacs, and CHAPS), debit card issuance, and compliance. The company caters to a range of end-users including digital wallets, marketplaces, and lending providers.The company expanded its platform functionality by launching “Verify” in September 2022, to enable its clients to manage crime risk and automate KYC and KYB, when onboarding customers. The solution automates biometric verification, sanctions and media screenings, and fraud detection.In March 2023, the company received authorization as a UK bank, enabling it to hold a limited amount of deposits and payments.Griffin follows a pay-per-use business model and charges its users based on the volume of bank accounts and/or payments handled.Key customers and partnershipsGriffin has expanded its operations, reportedly tripling its size between November 2020 and July 2022, and began commercializing its platform. As of June 2023, Liberis was an early adopter customer of Griffin.Funding and financialsIn March 2024, Griffin raised USD 24 million (~GBP 18.8 million) in an <a href="https://sp-edge.com/updates/27474">extended Series A</a> round led by MassMutual Ventures. The company planned to use the funds to scale the bank and enhance its infrastructure offerings, including banking, payments, and wealth solutions. Griffin also raised <a href="https://sp-edge.com/updates/19186">USD 13.5 million in Series A </a>funding in June 2023, led by MassMutual Ventures, to develop its core banking infrastructure and invest in go-to-market activities.

<div>
 
 Cross River Bank provides a white-label banking-as-a-service (BaaS) platform for enterprises, combining banking services, payments, and marketplace lending infrastructure to build fintechs. Its solutions comprise demand deposits, savings accounts, credit and debit cards, and payment clearing services, including automated clearing house (ACH) and real-time payments. The company also provides banking and payment infrastructure for the crypto industry, including risk management services for its crypto clients.
 
 
 
 
 Key customers and partnerships 
 
 
 
 
 As of December 2020, the company had over 400 employees, and had entered into more than 30 partnerships. Moreover, as of March 2021, the platform had been used to support over 375,000 small businesses through the paycheck protection program (PPP).
 
 
 
 Cross River Bank teamed up with UK-based BaaS provider 
 <a href="https://sp-edge.com/companies/421515">
 Railsr
 </a>
 in January 2019 to launch a common API for their platforms to be used globally. As of April 2022, Cross River had over 80 clients including lenders such as Affirm, Best Egg, and Upstart, neobanks such as 
 <a href="https://sp-edge.com/companies/220119">
 Revolut
 </a>
 , and blockchain-based payment processing platform GreenBox. The platform reportedly originated over USD 24 billion in loans per annum, around 10x the value of loans it originated in 2015.
 
 
 
 
 Cross River Bank has expanded its operations by acquiring Betterfin, a platform offering lending-as-a-service (LaaS) solutions, in November 2021. Through the acquisition, Cross River Bank leveraged Betterfin’s software to digitize parts of the small-business lending process (such as origination and underwriting). 
 
 
 
 The company partnered with 
 <a href="https://sp-edge.com/companies/1643">
 American Express
 </a>
 (Amex) to enable FinTechs to issue credit cards through Cross River Bank, on the Amex network, while also providing select Amex benefits to the FinTechs. 
 
 
 Funding and financials
 
 
 
 
 The company 
 <a href="https://sp-edge.com/updates/9458">
 raised USD 620 million in funding
 </a>
 co-led by Eldridge and a16z, at a valuation of over USD 3 billion, to invest in product developments, recruitment, international expansion, and boosting strategic partnerships.
 
 
 
</div>

Cross River Bank

Synctera was co-founded in 2020 by Peter Hazlehurst, the former head of Uber Money, who previously led the development of Google Wallet. The company offers an API-based infrastructure platform for community and regional banks to find and partner with FinTechs. This enables FinTechs to leverage the former’s licenses to embed FDIC-insured mobile checking, debit cards, savings accounts, and payment innovations, among other features. The API platform offered to the banks will then be sold to the FinTechs to code on. Although the end customers interact with the FinTechs, they legally belong to the bank.<a href="https://sp-edge.com/updates/8117">Synctera mainly charges the banks </a>based on the interchange fees they earn (half of the interchange fees, as of January 2022) from the services provided. It does not charge them an initial amount to use the platform. Moreover, the platform also embeds fraud-as-a-service and charges FinTechs on a per transaction basis (4 cents per transaction) should they choose to use it. It subsequently shares that revenue 50/50 with the banks.The company launched the “t-minus10” project in January 2022, which offers a live sandbox for FinTechs to build apps, test, and go to market, enhancing their access to banking partners. It subsequently launched a “Smart Charge Card” (APIs to build, launch, and issue charge cards) and “White-label Banking App” (a codebase for developers to build embedded banking products or neobank apps) infrastructure in October 2022.Key customers and partnershipsIn February 2022, Lineage Bank (a community bank in Tennessee) and GoGetr (FinTech aiming to promote health and wealth management) became the first companies to launch a banking solution using the Synctera platform. As of March 2023, the platform was working with around 50 fintechs, of which 14 were live (including Wayapay and Float). Synctera reportedly had over 20 implementations set for launch in the following two months.Synctera announced a new card issuing and management infrastructure offering (Card-as-a-Service), in July 2021, which it developed in partnership with Mastercard and leading card issuing infrastructure disruptor, <a href="https://sp-edge.com/companies/64287">Marqeta</a>.Funding and financialsIn March 2024, Synctera raised USD 18.6 million in <a href="https://sp-edge.com/updates/27244">Series A1 extension</a> co-led by Lightspeed and Fin Capital. The company earmarked the funds to support business growth by facilitating more complex use cases across the US and international markets. The company also <a href="https://sp-edge.com/updates/16980?industryIds=53">raised USD 15 million</a> in funding led by NAventures in March 2023, to invest in expanding the platform’s use cases and broadening its geographic footprint beyond the US (including expanding to Canada). Meanwhile, Synctera has also partnered with the National Bank of Canada to enable companies to launch FinTech apps and embedded banking products in Canada.

Synctera

<div>
 
 Based in the UK, Weavr, formerly known as Open Payments Cloud, was spun out of payment provider Ixaris in 2019. Weavr offers the infrastructure for enterprises to embed banking services across various industries, including education, fitness, logistics, etc. Weavr&rsquo;s &ldquo;Meta&rdquo; platform combines multiple banking and payments partners in one platform through application programming interfaces (APIs). Using the APIs, enterprises can embed virtual banking services such as card payments, fund transfers, and international banking accounts.&nbsp;
 
 
 
 Weavr expanded its operations to Singapore in November 2022, as part of its global expansion plans.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of July 2021, Weavr&rsquo;s customers included Finway, Thanks Ben, and MySkillCamp, among others.&nbsp;
 
 
 
 
 In October 2019, Weavr partnered with payment service providers Global Processing Services (GPS), Paynetics, and iDenfy to enable developers to create and run sophisticated and streamlined payment experiences for their European customers through Weavr.&nbsp;
 
 
 
 
 Funding and financials
 
 
 
 Weavr 
 <a href="https://sp-edge.com/updates/8647?industryIds=53">
 raised USD 40 million
 </a>
 in Series A funding in February 2022, led by Tiger Global, less than a year after 
 <a href="https://sp-edge.com/updates/4166">
 raising GBP 4 million (USD 5.5 million)
 </a>
 in seed funding in July. The funds were earmarked for business development and recruitment to support Weavr&rsquo;s expansion to the US market, while also supporting its continued expansion in the UK and Europe. 
 
</div>

Weavr

<div>
 
 MX offers an open finance portal, data connectivity application programming interface (API), and MX platform API for banks, credit unions, and other financial service providers. The company’s solutions allow its clients to utilize financial data to reduce fraud, approve loans faster, and improve their customer experiences. In addition to APIs and connections, MX also offers a range of capabilities, including data aggregation, analytics, financial feed insights, wealth and investment services, and verification services. 
 
 
 
 
 MX looks to enable banks and financial institutions to launch next-generation services and apps that automate and personalize financial experiences. As of January 2021, the company noted that it worked with more than 2,000 banks, credit unions, and FinTech companies, and its platform reached over 200 million end-users. Moreover, it also powered 43 of the top 50 digital banks as of the same period. 
 
 
 
 
 In 
 <a href="https://sp-edge.com/updates/8753?industryIds=53">
 February 2022, MX partnered
 </a>
 with 
 <a href="https://sp-edge.com/companies/361160">
 Rize
 </a>
 , to enable users to access Rize’s banking infrastructure to build, launch, and scale financial products through a single API, thereby reducing the development time and cost.
 
 
 
 
 In January 2021, MX raised USD 300 million in a Series C funding round led by TPG Capital, at a valuation of USD 1.9 billion. The newly raised funds are to be invested in improving MX’s capabilities, expanding its global presence, and increasing its workforce. In January 2021, MX noted that its headcount tripled over the past two years, reaching 550 staff members. 
 
 
 
 
 The company appointed Shane Evans as interim chief executive officer (CEO) in January 2022, to prepare the company for an IPO or sale (at a valuation of over USD 5 billion) and oversee its growth. 
 
</div>

<div>
 
 Synapse offers a banking-as-a-service (BaaS) infrastructure primarily for banking and financial service providers. The infrastructure applies machine learning and automates repetitive back office tasks, covering a breadth of products, including deposit, lending, investment products, and payments platforms, among others. Its white-label infrastructure is available through application programming interfaces (APIs), allowing developers to launch customer-facing FinTech services.&nbsp;&nbsp;
 
 
 The company expanded its platform by launching the &ldquo;Credit Hub&rdquo; offering in August 2021, for financial institutions to help individuals build and access credit, and offer cards, credit building tools, lending accounts, and cashback rewards. Synapse claims its platform enables users to build FinTech solutions in six weeks, compared to the 18 months taken by typical alternatives. The Credit Hub was in private beta until August 2021, and in private beta it had issued around 1 million credit accounts and extended over USD 40 million in credit.&nbsp;
 
 
 In June 2019, the company claimed that its integrations allow developers and apps to reduce the incremental cost of operating financial products to zero, from around USD 130-USD 150.Synapse looks to broaden its global footprint by gradually entering Europe, Asia, Latin America, and Africa. As of June 2019, its operations were limited to the US; however, the company intended to begin its foreign expansion to Canada and Europe by initially launching payment, deposit, and debit card issuances, expanding to lending and investment products thereafter.
 
 
 In October 2023, Synapse 
 <a href="https://sp-edge.com/updates/22521">
 laid off nearly 40% of its workforce
 </a>
 due to worsening macroeconomic conditions having unfavorable impacts on business circumstances, clients, and platforms. In June 2020, the company laid off nearly half of its workforce across 11 departments owing to the Covid-19 pandemic. This was largely due to the pandemic having a negative impact on its customers, who primarily comprised early-stage startups.&nbsp;
 
 
 Key customers and partnerships
 
 
 In January 2022, Synapse 
 <a href="https://sp-edge.com/updates/7574">
 partnered with TrueAccord
 
 </a>
 to offer debt collection service infrastructure for its clients.
 
 
 Funding and financials
 
 
 In April 2020, the company&rsquo;s annual recurring revenue was estimated at around USD 20 million-USD 30 million and the company reportedly doubled its revenue in 2020 and saw a 150% revenue growth year-to-date July 2021. Notably, as of January 2021, Synapse had more than 7.8 million users and processed over USD 39 billion in transactions.
 
 
 &nbsp; 
 
</div>

Synapse

May specialize in promoting inclusiveness in financial services, primarily in the investment and lending spaces

AI/ML can improve the quality of their offerings, such as using AI/ML to reduce biases

Used for payment completions, accessing banking and transaction data, and providing financial insights, among others

Platforms that allow FinTechs to integrate banking services such as opening and maintaining accounts, facilitating card payments, etc.


Griffin

FinTech Infrastructure

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Financial Services top picks: Personalized offerings disrupt the traditional status quo

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Griffin raises USD 24 million in Series A extension; secures full banking license in UK

Griffin raises USD 13.5 million in Series A funding

Griffin raises USD 15.5 million in funding

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