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Apps Mobile Mobile Advertising North America

Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV

– Finix, a payments infrastructure startup, raised $3m in a special purpose vehicle (SPV) that brought more than 80 “traditionally marginalized” investors onto its cap table.
– The SPV was created by the company’s founder Richie Serna, who is a first-generation Mexican-American.
– Moving forward, in all subsequent rounds, Finix will be allocating 10% of each round to Black and Latinx investors.

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Analytics Artificial Intelligence Big Data Cyber Security Fraud Detection Machine Learning Mobile Advertising North America Security

Scalarr Secures $7.5M in Series A Funding

– Scalarr is a machine learning based ad fraud prevention company based in Delaware.
– The company raised $7.5m in Series A funding.
– The round was led by the European Bank of Reconstruction and Development (EBRD), with participation from TMT Investments, OTB Ventures, and Speedinvest.
– The new investment will be used to expand the company’s presence and operations in Asia.

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