Priya PatelTLDR:
- Fintech platform Upswing has raised $4.2 million in a pre-Series A round to expand its offerings and develop new products.
- Web3 startup Fetcch has secured $1.5 million in a pre-seed funding round to support product development and expansion in the Web3 sector.
- Social media application Medial has raised around $120,000 in a pre-seed funding round to aid in product development, user acquisition, and testing of core features.
Fintech company Upswing has raised $4.2 million in a pre-Series A round of funding. The round was led by Quona Capital, a fintech-focused venture capital firm, and saw participation from QED Investors. Upswing plans to use the funding to expand its offerings and develop new products, with a particular focus on its multi-bank deposit product. Upswing’s open finance platform allows consumer companies to offer digital financial services to end customers. This is the second round of funding for Upswing, following a $4 million seed funding round in 2021.
Web3 startup Fetcch has raised $1.5 million in a pre-seed funding round co-led by AppWorks Venture and Hashkey Capital. The funding will be used for product development and expansion in the Web3 sector, while also building for Web2.5 use cases. Fetcch is a payments infrastructure platform that provides infrastructure for digital payments and rewards platforms in the Web3 payments ecosystem, with a specific focus on cross-chain payments. The startup has integrated with 23 wallets and currently handles daily transaction volumes of $35,000.
Social media application Medial has raised around $120,000 in a pre-seed funding round. The round was led by FirstCheque VC, with participation from angel investors Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran. Medial plans to use the funding for product development, user acquisition, and testing of core application features. The application, which is currently in beta, aims to serve as a platform for professionals in the tech, product, and design domains. It also plans to launch an integrated platform for professionals in startups, including a company profile and job board.
Overall, these funding rounds highlight the continued growth and investment in the fintech, web3, and social media sectors. Upswing, Fetcch, and Medial are all well-positioned to capitalize on the increasing demand for digital financial services, web3 infrastructure, and professional networking platforms, respectively.
