3 FinTech funding rounds that occurred in America in March 2023

By Leandra Monteiro

The rise of new FinTech start-ups, new-to-bank population, and technological advancements have paved the way for an upsurge in FinTech evolution. FinTechs are becoming mainstream with more investment made than ever before. Tracking FinTech investments provides a better perspective on the competitive and strategic trends in the industry.

Below are three notable FinTech funding rounds in America in the month of March 2023:

• Archway raises $15m

Archway announced the launch of its platform for banks to modernise and personalise digital customer interactions, backed by a funding round of $15 million led by Madrona and WaFd Bank.

Archway’s platform enables banks to easily integrate their core banking products into the latest web, mobile, voice, and AI technologies. Centralising the data from disparate systems allows banks to have a holistic view of their customers to serve their banking needs better.

• APEXX Global raises $25m

APEXX Global, a global payments orchestration platform, has raised $25 million from existing and new investors, closing its Series B round. The funds will be used to develop APEXX’s products and technology and to expand its presence in North America.

APEXX raised the proceeds from investors across Europe, including MMC Ventures, who has backed the company since 2017, alongside Alliance Ventures and Forward Partners who increased their investments after participating in the previous round.

• Sora Finance raises $3.9m

Sora Finance, a FinTech startup providing credit management and liability optimization as a service to financial advisors, planners, and employers, just announced a previously undisclosed $3.9 million in funding from prominent venture investors, including Peterson Ventures, New Era Capital Partners, Launchpad Capital, Fairbridge Park, Tubbs Ventures, Creative Capital, and Endurance Companies. Strategic angels include the CEOs of Esusu, Cadre, Propel, and Bloomtech.