FinTech news in QED Investors category

Ntropy, a company offering an API that enriches transaction data for financial services businesses, today announced that it raised $11 million in a Series A round led by Lakestar with participation from QED Investors and January Investors.

Facing the headwinds, rather than pull out of BNPL altogether, investors appear to be shifting bets to what they perceive as a safer subcategory of BNPL: business-to-business (B2B) BNPL. The beneficiaries are startups like OatFi, which today emerged from stealth with $8 million in new equity and $50 million in debt for its platform that provides working capital infrastructure for B2B payments platforms.

In TeamApt, QED finds a company that bootstrapped for four years before raising a venture round in 2019 but has grown 300% annually to build one of the largest fintechs in Africa (in revenue and market cap)–and is profitable.

Melonn, a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors.