3 FinTech funding rounds that took place in America in March 2023

By Leandra Monteiro

The emergence of new FinTech startups, new-to-bank population and technological advancements have paved the way for an upswing in the FinTech evolution. FinTechs are becoming mainstream with more investment than ever before. Tracking FinTech investments provides a better perspective on the competitive and strategic trends in the industry.

Below are three notable FinTech funding rounds in America in March 2023:

Archway raises $15 million

Archway announced the launch of its platform for banks to modernize and personalize digital customer interactions, backed by a $15 million funding round led by Madrona and WaFd Bank.

Archway’s platform enables banks to easily integrate their core banking products into the latest web, mobile, voice and AI technologies. Centralizing data from different systems allows banks to have a holistic view of their customers in order to better serve their banking needs.

APEXX Global raises $25 million

APEXX Global, a global payments orchestration platform, has raised $25 million from existing and new investors, closing its Series B round. The funds will be used to develop APEXX’s products and technology and to expand its presence in North America.

APEXX raised the proceeds from investors across Europe, including MMC Ventures, which has backed the company since 2017, along with Alliance Ventures and Forward Partners who increased their investment after participating in the previous round.

Sora Finance raises $3.9 million

Sora Finance, a FinTech startup offering credit management and liability optimization as a service to financial advisors, planners and employers, just announced a previously undisclosed $3.9 million in funding from prominent venture investors including Peterson Ventures, New Era Capital Partners, Launchpad Capital, Fairbridge Park, Tubbs Ventures, Creative Capital and Endurance Companies. Strategic angels include CEOs of Esusu, Cadre, Propel and Bloomtech.

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