Klasha, Proper, Manzil and more

On FinTech Futures, we know that it can be easy to let financing announcements slip past you in this fast-paced industry. That’s why we put together our weekly magazine In case you missed it (ICYMI) financing summary so that you get the latest financing news.

Klasha raises $ 4.5 million

San Francisco and Lagos-based payment technology Klasha has closed completely $ 4.5 million seed funding round after receiving an additional $ 2.1 million in funding.

The financing round includes participation from Amex Ventures and Global Ventures.

Klasha says it will use the funding to expand to another five African countries in 2022 and relaunch its consumer app renamed KlashaCart, to allow African consumers to shop from qualified international merchants online.

Launched in May 2021, Klasha’s technology allows African consumers to pay international online merchants in African currencies and cash registers and then have the goods shipped to the continent.

California-based Proper economy which helps fintech companies maintain financial accuracy, has raised $ 4.3 million in a seed round led by Redpoint Ventures.

The round also included BoxGroup, Mischief and Y Combinator.

Proper allows fintechs to manage their financial data – from payment providers to banks, network files and internal payment processing systems – within a single platform.

With the new financing, Proper plans to further develop its products. In addition, the team will introduce code-free payment operations team tools to track and tune money movements across systems, as well as additional payment method integrations.

“We offer a ubiquitous solution to help the rest of the ecosystem, so that fintechs can track and account for every payment that flows through their systems on a large scale,” said Kyle Maloney, co-founder and CEO of Proper.

Canadian Islamic fintech startup Manzil have raised $ 1.9 million (CAD 2.4 million) in seed financing.

The company has also made its first acquisition of the Toronto-based company Muslim Will for an undisclosed sum.

Manzil was founded in 2017 and launched in 2020 to offer “Halal-certified” financial products for Muslim Canadians that have been approved and reviewed by third-party Shariah-compliant experts.

California-based investment platform Pluto has secured $ 4 million in seed financing in a round led by at.inc and other investors including Switch Ventures and caffeinated capital.

Pluto is a free investment platform that allows stock market traders to systematically invest. Pluto’s app takes care of the programming and execution side of the equation so that users can “focus on strategy”.

Our vision is to make institutional quality approaches to the market accessible to all. Retail investors have not been given sufficient access to trade stocks well, and Pluto is changing that, says Jacob Sansbury, Pluto’s co-founder and CEO.

Citi invests in LiquidX

LiquidXa fintech platform for digitization, revenue generation and risk reduction for working capital, trade finance and insurance funds has announced an undisclosed investment from Citi.

The financing round was led by Broadridge, LiquidX’s largest strategic investor.

With the new capital, LiquidX plans to improve its solutions and “drive the efficiency of trading operations”.

With headquarters in New York with offices in Boston, London and Singapore, LiquidX delivers an ecosystem for optimizing working capital to global participants, including companies, banks, institutional investors and insurance providers.

LiquidX incorporates blockchain technology and machine learning analysis to improve transparency, reporting and forecasting for financiers.

American fintech platform Matchlywhich allows employees to access their 401 (k) employer match, has raised $ 1.7 million in a pre-seed round.

Matchly says the new funds will be used to launch their platform, accelerate customer acquisition and make a number of key hires across the team.

The financing round was led by Bling Capital, with the participation of Operator Partners, Amara VC and notable angel investors, including founders and executives from Brex, Gusto and Shopify, among others.

Matchly was founded in 2021 by Ravi Kurani, a former investor in fintech companies, and Ben Avner, a software engineer.

The company says it addresses a “common problem in the U.S. workforce where employees do not have access to and maximize their 401 (k) employer match, often driven by inability to make the necessary contributions to achieve the match, lack of awareness or both.” .