Danish fintech start-up Safty has raised €11.3 million in an investment round led by Upfin, with participation from experienced finance professionals, including Danske Bank board member Jacob Dahl. Safty has developed a solution that utilises machine learning to aggregate customer data and predict customer needs for banks, insurance companies, and pension funds. The funds will be used to boost product development and fuel growth in domestic and international markets.
UK-based open banking tech provider Ozone API has raised £8.5 million in a Series A funding round led by Gresham House Ventures. Ozone API plans to use the funds to grow its team and further develop its technology to support emerging standards and help banks monetise open APIs.
Digital investment solutions provider WealthKernel has raised £6 million in a Series A extension round led by existing backer ETFS Capital. WealthKernel provides investment infrastructure for companies offering digital investment services, connecting via API to enable firms to quickly launch client onboarding, brokerage, trading, and custody services. The funds will be used to strengthen the company’s market presence.
Qatari fintech start-up Karty has secured $2 million in a seed funding round. Karty has been developing an e-wallet offering that will enable individuals and companies to manage their money and savings through a user-friendly app. The company plans to launch after receiving final approval and licensing from the Qatar Central Bank.