Builders in Fintech — Tuesday 3 November: Latitude raises $35M, 10 more rounds
Tokenisation ran through the day's stories: tZERO plans to list through a $350M SPAC deal, Securitize extended its onchain stock offering to 25 equities, Mastercard signed an MoU with Tencent's TenPay Global and OKX took its stablecoin card to most US states. Elsewhere, OpenAI's funding target was cut to up to $20B and Mercado Bitcoin paused withdrawals after a drain of more than $40M.
The editor
The lead
tZERO to go public through a $350M SPAC deal with FG Imperii Acquisition Corp
Tokenisation firm tZERO plans to go public by merging with FG Imperii Acquisition Corp, a blank-check company.
A tokenisation specialist with ICE as an investor is heading to NYSE American, giving public markets a listed way to track onchain securities infrastructure alongside Securitize.
Rounds · last 7 days: 36 · Funding Index (2026-W44): 143
Our news
Novastart announcementNovastart Lets 10 AI Agents Use a Computer at the Same Time — Without Taking Over Your Mouse
- Mercado Bitcoin halts withdrawals after more than $40M is drained from its wallets
Brazilian crypto exchange Mercado Bitcoin suspended deposits and withdrawals on 2 November after wallets tied to the platform were drained across at least 10…
Abu Dhabi's FSRA grants Animoca Brands a fund management permissionThe Financial Services Regulatory Authority of Abu Dhabi Global Market has granted a Financial Services Permission to Animoca Asset Management (AD) Limited, a…
- Securitize expands its onchain US stock offering to 25 equities
Securitize has added 13 US equities to Securitize Stocks, bringing the offering to 25 since the first wave launched on 8 October.
OKX brings its Mastercard stablecoin card to most US statesOKX has launched its Mastercard-powered virtual OKX Card in most US states and select territories, letting eligible customers spend stablecoins anywhere…
Mastercard and Tencent's TenPay Global sign an MoU on QR acceptance, remittances and agentic paymentsMastercard and Tencent's TenPay Global have signed a memorandum of understanding for a proposed collaboration, announced on 2 November.
OpenAI cuts its funding target to up to $20B at a $1.25T valuation, FT reportsOpenAI is now seeking up to $20 billion at a $1.25 trillion valuation, about a third less than the earlier $30 billion target, the Financial Times reported.
The rounds
| Company | Round | Lead investor | Amount |
|---|---|---|---|
| Latitude source | Series A | Oak HC/FT | $35M |
| MetaComp source | Pre-A | — | $22M |
| Evertrue Capital source | Fund I (final close) | — | $17M |
| LO:TECH source | Series A | MMC | $12M |
| Cycles source | Pre-seed | CMCC Global | $2.3M |
| Norrsken Evolve source | Pre-seed fund (final close) | — | €62M |
| Robin Capital source | Fund II (final close) | — | €15M |
| Conlio source | Early-stage round | Piton Capital | €6.4M |
| NumbersGame source | Unnamed round | — | Undisclosed |
| PropHub source | Unnamed round | — | Undisclosed |
| Thought Machine source | Unnamed round | — | Undisclosed |
Quick hits
Banking
- CA CIBC signed a multi-year deal to run its Canadian retail core on Thought Machine's Vault Core, with The Simplii Account the first product live on the platform. — Fintech Futures
Crypto
- US Chainalysis said an attacker accessed non-sensitive customer data including user IDs, full names, email addresses and role labels, and that the incident is unrelated to the Binance theft. — Chainalysis
Number of the day
143
30 rounds this week · baseline 20.92
How the Funding Index worksFrom the podcast
Quartz is an AI personal banker, started in 2025 by André Silva and co-founder Mateus Mesquita Alves; André previously spent six years at Revolut leading international expansion and new market launches, after starting his career in investment banking in London. — AI Wealth Management for Everyone with André Silva (Episode 54)
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