Wombat, Atlantic Money and more

To FinTech future, we know it can be easy to overlook funding announcements in this fast-paced industry. That’s why we’ve set up our weekly In Case You Missed It (ICYMI) Funding Roundup for you to get the latest funding news. With Wombat, Atlantic Money, Fairbanc, Kettel Homes, Atato and Guava.


Micro-investment platform Wombat launched a new crowdfunding campaign in anticipation of its planned international expansion.

Wombat does crowdfunding

The Crowdcube campaign will run for three weeks with a goal of £1 million.

Launched in 2019, Wombat provides a mobile investing platform – available on iOS and Android. Users can choose from a range of themed funds and individual stocks to create a personalized portfolio.

The London-based company says it is preparing to launch into international markets, including Europe – where it estimates it has a total addressable market of 100 million users. It also plans to introduce new products and platform improvements.

Kane Harrison, CEO and Co-Founder of Wombat, said, “We’ve come a long way in a very short time and have big plans for the year ahead.

“Not only will we be introducing new products and features to help users as they become more experienced and confident investors, but we will be making our first foray into Europe where we see huge growth opportunities for Wombat.”


Cheap money transfer service Atlantic Silver got an extra injection of $3 million in seed capital to fuel its international growth after recently obtaining its European license.

The round was led by Amplo with participation from Nordstar and former Lazada executive Martell Hardenberg. The money is in addition to the company’s initial $4.5 million seed funding from investors including Index Ventures, Ribbit and Kleiner Perkins.

Atlantic Money will use the funds to improve its customer experience and further develop its offering.

From now anyone in the UK can transfer up to £1,000,000 overseas for a flat fee of £3 and at the mid-market interbank rate with no FX markup via the app iOSAtlantic Money.

The company says its service will be made available to EU residents in the coming months.


Singapore-based, Indonesia-centric Buy Now Pay Later (BNPL) for Business, Fairbancraised $4.8 million in a pre-Series A funding round led by Vertex Ventures.

Lippo Group, Asian Development Bank and Accion Venture Lab also participated in the round.

Fairbanc says it will use this new investment to expand its presence in Indonesia and explore new markets such as Vietnam and the Philippines.

Founded in 2019, Fairbanc is an AI-powered mobile working capital, credit and payment platform for micro and small businesses in emerging markets.


Kettel houses received a undisclosed investment of the British construction company Nationwide. Kettel Homes is a rent-to-own start-up that helps first-time buyers without access to typical mortgages secure a home by saving a portion of their rent towards a deposit.

Nationwide invests in Kettel Homes

“The investment in Kettel Homes is part of Britain’s largest building society’s efforts to help its members tackle the cost of living crisis by addressing the challenges people face when living in financial difficulty,” says Nationwide.

“Nationwide has invested £2.5m in an incubator specifically designed to foster and enhance innovative platforms such as Kettel Homes by bringing together start-ups with innovators, organizations and charities.”

Launched for first-time buyers in Birmingham, Coventry, Leicester and surrounding areas, Kettel Homes says it offers a “roadmap” for first-time buyers to reach their homeownership goal “within 36 months” while ensuring that the price of the property does not increase over time.

Kettel also helps future owners with financial education tools, reporting their lease payments to build credit, and navigating government incentives for first-time buyers.


Banking and networking platform for black entrepreneurs, Guavaobtained $2.4 million in a pre-seed funding round led by Heron Rock.

Founded in 2020 and based in New York, Guava aims to provide financial services to black-owned small businesses and creators and will officially launch early next year.

With the new funds, Guava plans to expand its team and develop more credit products for the platform.


Atatoa licensed digital asset custodian for businesses and institutions, has raised $6 million in Series A financing.

The round was led by AlphaLab Capital and FEBE Ventures with participation from Tom Trowbridge, NGC Ventures, January Capital, Babel Finance and Atato seed investor SOSV, among others.

The new capital will be used to further expand its product offerings and accelerate the completion of existing beta development products. This includes retail development, user growth, geographic expansion and talent acquisition.

Founded in 2018 and based in Singapore, Atato is a cryptocurrency custody and wallet provider that enables individuals and businesses to securely store, process and manage digital assets, as well as access DeFi , NFTs and all decentralized applications.

Comments are closed.