Salt Lake City-based Galileo Financial Technologies continues eyeing the lofty reaches of fintech-stardom. Payment processing for stellar names like Chime, Robinhood, and Monzo is big business. The math on this marvel doesn’t lie: 130% sales growth in September, $100 million net revenue, and a $77M Series A.
In true holiday spirit, fintech has spawned another mutation: insurtech, or insurance + tech. Our entrant this week is Young Alfred, an online marketplace for insurance. Just under two years old, this sprightly startup recently raised $10M in Series A from, among others, a Google AI venture fund.
For our founders out there looking for a ticket to the funding train, head over to Become – formerly Lending Express. This online lending platform helps SMBs optimize the chances of funding success. Become had a 2-for-1 this week with a $10M Series A and $2.5M debt financing round.
Craft beer software company Ekos just popped the cork on its first funding round with a net of $8M, and a mission to empower brewmasters of all stripes.
In defiance of the season, the fintech seedlings continue to sprout. Commission software Spiff garnered a $6M raise, SaaS renewal vendor Vendr raked in $2M, and brand franchiser Oakscale collected $1.2M in greenbacks.