Builders in Fintech — Tuesday 10 November: Yoco raises $100M, 11 more rounds
The stories sit mostly on the infrastructure side of fintech. PNC will credit USDC payments from corporate clients to ordinary deposit accounts at 1:1, Coinbase's trust company now has its full federal charter, and Canada's Real-Time Rail is live with eight participants and the large banks still to join. In Europe, Crédit Agricole put a formal merger proposal to Banco BPM, and in South Africa Yoco took on its first debt facility to fund merchant advances itself.
The editor
The lead
PNC launches incoming USDC payments for corporate clients with Coinbase
PNC Bank is offering incoming stablecoin payments to its Corporate & Institutional Banking clients, working with Coinbase through Coinbase Payment products.
A large US bank accepting USDC from corporate clients and crediting dollars at 1:1 shows stablecoin inflows reaching treasury management through ordinary deposit accounts, not a separate crypto product.
Rounds · last 7 days: 39 · Funding Index (2026-W45): 181
Our news
Monzo reportedly in talks to raise up to £500m at about £7bn valuationUK digital bank Monzo is reportedly negotiating a raise of £300m to £500m at a valuation of around £7bn.
Clara raises $65M Series C led by Citius, Kaszek and DEG in $105M financingClara has secured $105 million in financing: a $65 million Series C led by Citius, Kaszek and DEG, the KfW subsidiary, and the renewal of $40 million in growth…
Redalpine closes $250M Fund VIII, its largest to dateRedalpine has held the final close of Redalpine Capital VIII (RAC VIII) at $250 million.
Zilch secures further £165M in debt facilities led by Deutsche BankZilch has secured a further £165 million in debt facilities in a deal led by Deutsche Bank, Sky News reports.
Experian expands Boost for UK renters and BNPL usersExperian added features to its Boost product so UK renters and buy now, pay later users can see how lenders may view rent, BNPL commitments and household bills.
Clarity Act likely to be rewritten after Democratic midterm winsAfter Democrats won the midterms, the Clarity Act may not survive in its current form, though federal crypto market structure legislation could continue.
Canada launches Real-Time Rail with eight initial participantsPayments Canada launched the Real-Time Rail on 9 November, a national payment system that lets members clear and settle payments in real time, 24 hours a day,…
Coinbase gets full OCC charter for Coinbase National Trust CompanyCoinbase has received full charter status for Coinbase National Trust Company from the US Office of the Comptroller of the Currency, moving it up from the…
The rounds
| Company | Round | Lead investor | Amount |
|---|---|---|---|
| Yoco source | Debt facility | — | $100M |
| Sumary source | Seed | Singular | $25M |
| Sumary source | Seed | — | $25M |
| Synctera source | Growth-stage round | — | $24.5M |
| geniosAI source | Series A | FactSet | $19.1M |
| Brava source | Seed | F2 Venture Capital | $15M |
| Ancep source | Early-stage round | — | $8.5M |
| Light Frame source | Seed | Fortino Ventures | $5.1M |
| Light Frame source | Seed | — | $5M |
| Seva Money source | Seed | Blockwall | $5M |
| PORT source | Early-stage round | — | €14.5M |
| Kifiya source | Unnamed round | International Finance Corporation | Undisclosed |
Quick hits
Lending
- US Ridero raised $2.7M pre-seed from RiverPark Ventures, NY Ventures, Green Egg Ventures, Blackpoint Capital and Potamkin Ventures for an AI platform that structures and distributes vehicle leasing and financing. — PR Newswire
Banking
- GB Chase UK customers can now deposit cash at more than 30,000 PayPoint locations through an in-app barcode, with a £500 monthly cap, a £10 minimum and no fee. — The Paypers
- IE Revolut launched Revolut Mobile in Ireland, an eSIM plan run with Gigs at 9.99 euros a month for the first 25,000 customers, rising to 12.99 euros afterwards. — RTÉ
Regulation
- CA PhotonPay's Canadian entity registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act, adding to its FINTRAC money services business registration. — PhotonPay
New on the podcast: Moving Stablecoins Across Chains with Lorenzo Romagnoli (Episode 56)
Number of the day
181
30 rounds this week · baseline 16.58
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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7,268 companies · 7,697 investors · 9,611 rounds. Connect via MCP.