Mexican challenger bank Fondeadora adds $14 million to its Series A
– Fondeadora, a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round.
– The round was extended by Portag3 and joined by Google’s Gradient Ventures, an existing investor in the company.
– Gokul Rajaram and Anatol von Hahn are investing as business angels as well.
– Y Combinator, Scott Belsky, Sound Ventures, Fintech Collective and Ignia also participated in the first tranche of the Series A.
TreeCard Raises $5.12M in Seed Funding
– TreeCard, a London, UK-based wooden Mastercard™ payment card that plants trees with everyday spending, raised a $5.12m in seed funding.
– The round was led by EQT Ventures, with participation from Seedcamp and Episode 1 and angels including Matt Robinson (the founder of GoCardless) and Charlie Delingpole (founder of ComplyAdvantage).
– The company intends to use the funds to hire fintech talent, support product roll-out across the UK, and expand into the US and key European markets.
