CapIntel, Clausematch, Swoop & more

At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.


Canadian fintech company CapIntel announced $11 million in Series A funding led by FinTech Collective, with participation from Fengate Asset Management on behalf of its investor, the LiUNA Pension Fund of Central and Eastern Canada (LPFCEC).

With the new capital, CapIntel plans on hiring at least 150 new team members over the next two years and build out its sales and product teams after its recent expansion into the US market.

CapIntel has also announced a partnership with US-based asset management firm, The Pacific Financial Group.

Launched in 2019, CapiIntel’s platform helps financial advisors provide better services to their clients. The firm claims that over 10,000 advisors and three of the big Canadian banks use its platform.


Global regtech company Clausematch has raised $10.8 million in a funding round led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund.

Clausematch raises $10.8m

The fintech firm says the money will be used to increase the company’s commercial activities in the US and build out its product, technology and data science teams.

Clausematch is a Software-as-a-Solution (SaaS) platform for managing compliance documents and processes, enabling regulated companies to meet compliance obligations.

With the latest funding round, the total investment to date stands at over $20 million.

The company claims to have 180,000+ users, and that it doubled its customer base in 2021.

Clausematch says it counts “several Tier 1 banks” in North America and Europe, including Barclays, as clients.


Australian business funding and savings platform Swoop has raised $9.4 million in a Series A funding round from Velocity, Arab Bank Ventures, IAG and WeHo Ventures.

Velocity is an existing investor in Swoop, alongside other early backers including UK private investors and Enterprise Ireland.

Swoop says the funding will be used to accelerate its international expansion and help more companies access a range of financing options.

“Access to finance is the number one issue facing SMEs, but they have traditionally been an underserved customer segment,” says Andrea Reynolds, CEO and co-founder of Swoop.

“With the influx of new lenders into the market, Swoop is able to connect SME wherevers with the funding they need they are in the world.”

Reynolds adds that the company has helped its customers secure $900m to grow their businesses till date.


US-based Allied Payment Networka provider of online and mobile money movement services to banks and credit unions, has secured a “significant capital investment” from RF Investment Partners.

Allied raises $4 million

With the new money, Allied plans on fueling its product innovation and growth strategies.

“This new investment from RF underlines our commitment to remaining the market leader in providing first-to-market, modernized solutions that meet consumer and small business payments expectations,” says Ralph Marcuccilli, CEO and founder of Allied.

Allied’s offerings include solutions for internet bill payments, small business payments, person-to-person, account-to-account, online loan payments and the ability to buy, sell and hold bitcoin, among others.


Irish start-up Webio has raised $4 million in a Series A funding round led by Finch Capital.

Founded in 2016, Webio’s no-code platform enables credit, collections and payments businesses to “empathically engage” with their in-debt and vulnerable customers, claiming that it “makes having difficult conversations easier”.

Webio’s co-founder and CEO Cormac O’Neill says that the company has seen over 100% year-on-year growth, and plans to use this investment to double its employee headcount over the next six months.

“Going digital means companies can create a whole new set of digital experiences that help customers feel more confident in having those difficult conversations and ultimately, stop them from falling into unnecessary and significant financial difficulty.

“And we are excited that Webio’s conversational AI is enabling companies to engage with customers in a more empathetic manner, at scale.”

Webio says the funds will also be used to develop Webio’s capabilities in conversational artificial intelligence (AI) and develop additional digital offerings.


Fung raises pre-seed funding

Amsterdam-based paytech firm Fun Payments announced that it has secured €2.5 million in pre-seed funding “to build and kickstart” its platform.

Investors co-leading the round include Kingsway Capital, Global Founders Capital, Karatage and Kindred Capital.

Fung aims to unite crypto and fiat payment rails to provide a “seamless experience for users and enhance the security and reliability of current solutions”.

“The goal is to become the one-stop solution that helps businesses in the new economy grow and evolve, comply with the ever-changing legal requirements and ensure business continuity,” Fung says.

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