– Spenmo, a Singapore-based provider of payments software for growing businesses, raised a US$34M Series A funding.
– The round was led by New York-based private equity and venture capital firm Insight Partners with participation from Lee Fixel’s Addition, Salesforce Ventures, Alpha JWC, Global Founders’ Capital, Broadhaven, Operator Partners and Commerce Ventures, and angel investors such as William Hockey (Founder of Plaid), Reuben Lai (Senior MD, Grab Financial Group) and Ongki Kurniawan (Head of Stripe Indonesia, Ex-Head of Grab Indonesia).
– After its launch in Singapore last year, Spenmo has since expanded across Southeast Asia and has thousands of customers from various sectors, including high-growth startups, SMBs, mid-market companies, and accounting firms.

– Marpipe announced its completion of an $8m Series A funding round.
– The raise was led by Stage 2 Capital with participation from ValueStream Ventures, Commerce Ventures, Ripple Ventures, and Samsung NEXT.
– Laconia Capital Group, Math Capital, and TIA Ventures were among those entities that deepened their existing investments into the future of data-driven creative.
– Marpipe secured all major allocations into the Series A within four weeks.
– Key investors include Mark Roberge, former CRO of Hubspot, currently Partner at Stage 2 Capital; Greg Coleman, former President of HuffPost, BuzzFeed, and Criteo; Ari Paparo, Founder & CEO of Beeswax and Head of Partnerships & Strategy at FreeWheel; Brendan Gahan, Chief Social Officer at Mekanism; and Eric Franchi, Founder of Undertone.

– Zeal (formerly Puzzl), an API-first payroll infrastructure provider, announced a $13m Series A round led by Spark Capital, with participation from Commerce Ventures and notable individual investors including: Marqeta CEO and Founder Jason Gardner and CRO Omri Dahan, Robinhood Founder Vlad Tenev, UltimateSoftware EVP Mitch Dauerman and SVP Bob Manne, and Namely Founder Matt Straz.
– Zeal also announced it has added Spark Capital’s partner Natalie Sandman to its Board of Directors.
– Zeal is a leader in the embedded fintech ecosystem, empowering platforms to build highly individualized payroll products.

– Trove is a Brisbane CA-based branded recommerce company.
– Company raised $77.5M in Series D funding.
– The round was led by G2 Venture Partners with participation from Bank of Montreal, Capital One Ventures, Commerce Ventures and Wellington Management.
– The new investment will be used to expand its roster of brand partners, strengthen its technology and logistics infrastructure, enter the luxury vertical, and service a new customer audience in Europe.

– Prime Trust, a one-stop shop for financial infrastructure for fintech innovators, closed its $64m Series A round.
– Led by Mercato Partners, the round also includes Samsung Next, Nationwide, Commerce Ventures, Ayon Capital, Kraken Ventures, STCAP, s20 Capital, Seven Peaks Ventures, Diverse Angels, University Growth Fund and Nevcaut Ventures.
– Prime Trust is a one-stop-shop for financial infrastructure for fintech and digital asset innovators. They offer core financial service APIs and plug and play widgets that allow companies to launch quickly and scale securely.

– Lithic is a NYC-based card issuing platform for developers.
– The company raised $60m in Series C funding.
– The round was led by Stripes, with participation from Bessemer Venture Partners, Index Ventures, Exor, Rainfall, Tusk Venture Partners, and Commerce Ventures.
– The investment will be used to continue to grow, help the team scale and expand the platform through strategic acquisitions to enhance the product and its core offerings.

– Vestwell, a NYC-based API technology platform for workplace savings and investing programs, raised $70m in Series C financing.
– The round was led by Wells Fargo Strategic Capital and Fin Venture Capital co-led by Goldman Sachs, Morgan Stanley, Manulife, Point72, Nationwide Ventures, Allianz Life Ventures, Northwestern Mutual, FinTech Collective, Greenspring Associates, Primary Venture Partners, Teamworthy Ventures, F-Prime Capital, Industry Ventures, and Commerce Ventures.
– The company intends to use the funds to further expand the team, platform functionality, and servicing for its thousands of partners and clients.

– Grabango, a provider of checkout-free technology for existing grocery and convenience stores, raised $39m in Series B funding.
– The round was led by Commerce Ventures with participation from Founders Fund, Unilever Ventures, Honeywell Ventures, and WIND Ventures.
– The new investment will be used to expand the company’s development team.

– Resolve, a San Francisco-based startup in the space specializing in “buy now, pay later” capabilities for B2B transactions, announced that it has raised $60m funding.
– Initialized Capital led the round — the company’s first funding since its 2019 inception.
– KSD Capital, Haystack VC, Commerce Ventures, Clocktower Ventures and others also participated.
– The funding is a combination of equity and asset funding according to co-founder and CEO Chris Tsai, although he declined to reveal the breakdown.
– Since launching as a spinout from Affirm in 2019, Resolve says it has seen “overwhelming” demand for its B2B buy now, pay later (BNPL) billing offering for business purchases.

– Weav, a fintech startup, raised $4.3m in funding.
– The round was led by Foundation Capital and joined by Y Combinator, Abstract Ventures, Box Group, LocalGlobe, Operator Partners, Commerce Ventures and SV Angel.
– A slew of founders and executives also put money in the round, including Brex founders Henrique Dubugras and Pedro Franceschi; Ramp founder Karim Atiyeh; Digits founders Jeff Seibert and Wayne Chang; Hatch founder Thomson Nguyen; GoCardless founder Matt Robinson and COO Carlos Gonzalez-Cadenas; Vouch founder Sam Hodges; Plaid’s Charley Ma as well as executives from fintechs such as Square, Modern Treasury and Pagaya.
– Weav is building a universal API for commerce platforms.

– Snapsheet, a pioneer in virtual appraisals and a leader in cloud-native claims management software, has raised $30M in Series E2 funding.
– Ping An Global Voyager Fund and Pivot Investment Partners led the round.
– Existing investors include Nationwide, Liberty Mutual, Intact Ventures, Tola Capital, Commerce Ventures, among others.
– These new funds will be used to accelerate growth and add new functionality to Snapsheet’s cloud native end-to-end claims management platform.

– Socure, the leader in 100% digital identity trust, today announced a $100m Series D round of funding led by Accel, with participation from existing investors Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.
– This round brings Socure’s total funding to $196m, following a recent $35m investment less than six months ago led by Sorenson Ventures.
– Proceeds from the round will also accelerate product innovation as the company’s patent portfolio grows and the company continues to attract top talent.
– Amit Jhawar, Partner at Accel and former General Manager of Venmo, will join the board of directors at Socure.