ICYMI: Fintech Funding Round-Up – Kudos, Teal, WeMoney, and More
- Edward William
- Apr 2
- 2 min read
ICYMI: Fintech Funding Round-Up – Kudos, Teal, WeMoney, and More
In the fast-moving world of fintech, funding news can zip by unnoticed. That’s why we’re bringing you this week’s In Case You Missed It (ICYMI) round-up, spotlighting the latest cash injections fueling innovation across the industry. Here’s the scoop on Kudos, Teal, WeMoney, and Experian’s recent moves.
Kudos Secures $10.2M to Supercharge Rewards
US-based fintech Kudos has raised $10.2 million in a Series A round, led by returning investor QED Investors. The AI-powered smart wallet startup also welcomed back Patron, alongside new players like Samsung Next, SV Angel, Precursor Ventures, and The Points Guy founder Brian Kelly. Launched in 2021, Kudos helps users maximize credit card rewards and cashback by recommending the best card for every purchase. “We’re simplifying the chaos of budgets and rewards systems with one easy app,” says CEO Tikue Anazodo. The fresh funds will fuel product expansion and new service rollouts.
Teal Bags $8M to Build Accounting’s “Stripe”
New York’s Teal, an accounting infrastructure startup, has landed $8 million in a seed round spearheaded by Torch Capital. Backers include Basis Set Ventures, General Advance, Dash Fund, and execs from Service Titan, Plaid, and Brex. Founded in 2023, Teal offers APIs and tools for vertical SaaS companies to embed accounting features for small businesses. “We’re the Stripe of accounting,” says CEO Ian Crosby, highlighting how Teal powers seamless financial integrations. The cash will drive further development of its game-changing platform.
WeMoney Scores $3M to Boost Financial Wellness
Australian fintech WeMoney has pocketed $3 million in a funding round, primarily from existing investors. Building on $7 million raised in 2022 and a $2 million seed in 2020, the company is also eyeing a $10 million-plus round to scale as Australia’s open banking ecosystem matures. WeMoney’s app leverages open banking to help users manage debts, track accounts, and pay off loans faster—all in one hub. A new partnership with Mastercard will tap its open banking tech to enhance the platform’s reach Down Under.
Experian Invests in Reward to Elevate Loyalty
Dublin-based credit reporting giant Experian has snapped up a strategic stake in London’s Reward, a customer engagement specialist, for an undisclosed sum. Reward’s cloud-based API platform powers loyalty programs for heavyweights like Visa, NatWest, and Barclays, using data-driven personalization to boost engagement. Experian’s Kashif Aslam will join Reward’s board, deepening a partnership that blends Experian’s data prowess with Reward’s tech to scale tailored solutions globally.
From smart wallets to accounting infrastructure, these fintechs are pushing boundaries with fresh capital. Stay tuned for more updates as the industry keeps evolving!
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