Higlobe, CNote, DolarApp and more

Our weekly fintech roundup for you to get the latest funding news from around the world. With Higlobe, CNote, DolarApp, Portabl and Turan.

US-based international payment transfer provider Higlobe raised $14 million in financing to expand its technology and enter new markets.

The funding round was led by Battery Ventures, with lead partner Scott Tobin joining Higlobe’s board.

Founded in 2020, Higlobe uses asset-backed stablecoins to provide an efficient and cost-effective way to make cross-border payments between bank accounts.

US-based fintech CNote raised $7.25 million in a Series A funding round, it claims to have been “oversubscribed”.

CNote Raises $7.5M Series A

The American Family Insurance Institute for Corporate and Social Impact led the round, with participation from Astia Fund, BankTech Ventures, Commerce Ventures, CityRock Venture Partners and other investors.

CNote’s technology platform offers businesses a “simple and safe way” to deploy ESG cash and fixed income at scale in underserved communities.

CNote places investor funds in deposit and loan products through a network of more than 2,000 impact-driven community financial institutions that serve low-to-moderate income communities, support women and people of color entrepreneurs, fund affordable housing and provide other forms of economic inclusion. .

It claims to deploy $300 million in cash and fixed income investments through its platform, growing more than 370% since 2020. The platform has 1,900 companies, foundations and individual investors, including AMD, Patagonia and Xylem , among others.

The new funds will be used to advance its technology, expand its sales force and deepen its network of community financial institutions.

Latin American fintech start-up DolarApp has secured $5 million in funding Y Combinator and Kaszek Ventures, with over 50 angel investors also participating.

Founded in 2021, DolarApp is a digital dollar (USDC) wallet for people in Latin America who want to bank in dollars, with an account that can be opened “in two minutes”.

The startup plans to use the new funds to hire new people, bolster its marketing efforts and launch its platform.

US-based fintech Portable landed $2.5 million in a funding round led by Harlem Capital Partners and also launched its beta version.

Founded in 2020 and based in Philadelphia, Portabl aims to provide identity management and protection services for financial institutions, banking and digital applications, according to Tech Crunch.

The money will be used to strengthen his team and support the growth of the company.

New Turkish neobank Touran raised about $2.5 million in a pre-seed financing round, with the participation of a multitude of Turkish investors.

Seeking to be the neobank of the Turkish states, Turan aims to provide Turks with access to financial products, including prepaid cards and microloans, in their own language and adapted to their way of life.

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