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Hot off the press: Kafene, General Index, Mesh, Netcetera shake fintech

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TLDR:

New York-based fintech Kafene has secured a $15 million growth capital commitment from investment firm Trinity Capital. General Index (GX) has announced the completion of a £9.48 million Series A funding round. US-based fintech Mesh has secured a $6.5 million investment from PayPal Ventures. German firm Giesecke+Devrient (G+D) has acquired additional shares in software company Netcetera.

New York-based fintech Kafene has raised $15m in growth capital commitment from Trinity Capital. Kafene offers a lending platform that uses artificial intelligence and is powered by a point-of-sale (POS) system to offer flexible purchase options for underserved consumers. The funding will fuel the company’s ability to serve its network of merchants and customers and deliver high-quality credit performance. Trinity Capital’s investment follows Kafene’s $31m Series B venture funding round last year.

The General Index (GX), a UK-based fintech, has secured a £9.48m series A funding round to further develop its technology and expand into new energy transition prices. GX collects and aggregates trade data to build a comprehensive view of market activity and has aggregated data from over 150 data partners to produce 2,600 energy prices. The funding round was led by 20VC and Chalfen Ventures. GX plans to speed up its expansion and continue focusing on energy markets as they mature into tradable commodities.

Mesh, a US-based fintech, has raised $6.5m in an investment round led by PayPal Ventures. Mesh provides a financial connection layer that enables enterprise clients to transfer digital assets, make crypto payments, aggregate accounts, and trade on more than 300 integrations with exchanges, wallets, and brokerages. Mesh will use the funding to become the connection layer for a critical mass of crypto platforms and financial service providers. PayPal Ventures’ investment follows Mesh’s $22m Series A funding round, which included participation from several new investors.

German security technology firm Giesecke+Devrient (G+D) has acquired additional shares in software company Netcetera, bringing its ownership to 95%. Netcetera offers digital products for financial service platforms, including web banking, mobile banking, financial advice, digital wallets, and e-commerce. G+D’s investment supports its growth strategy and digital transformation, expanding its digital banking and payments portfolio. The deal allows G+D to increase its investments in innovative digital technologies and solutions. Netcetera is used by over 2,500 banks and issuers and 160,000 merchants for their digital payment solutions and payment security products.

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