Crypto VC funding: Kaiko leads $180M week

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Crypto and blockchain companies announced at least $180.25 million in funding across nine deals between September 12 and September 18.

Kaiko led the week with a $110 million funding round backed by several major financial institutions. Other major deals focused on stablecoin payments, tokenized credit, and financial infrastructure for institutions.

Kaiko raised the largest amount of the week in a round led by S&P Global. BNP Paribas, Nasdaq, Royal Bank of Canada, Bpifrance, and Susquehanna also participated.

Kaiko provides crypto market data, indexes, reference rates, and other services covering more than 150 crypto exchanges and decentralized protocols. The company plans to use the new funding to improve its data services and expand its products.

Fin.com was the second-largest disclosed deal, raising $20 million in seed funding from Expa, Coinbase Ventures, Tenet Fund, and Second Sight Ventures. Uber co-founder Garrett Camp also participated.

Fin.com is building payment infrastructure that combines stablecoins with local banking networks. Its platform supports multi-currency accounts, fiat and stablecoin wallets, foreign exchange services, and compliance tools. The company says its network covers more than 30 countries and supports over 40 currencies.

Singapore-based dtcpay raised another $15 million from SBI Holdings and Genedant Capital, bringing its total Series A funding to $25 million. The company provides regulated payment services that allow businesses to accept, exchange, and settle fiat and stablecoin payments.

Tare also raised $13.25 million in seed funding led by Blockchain Capital. Janus Henderson Investors, Strobe Ventures, The Venture Dept, Neoclassic Capital, and the Avalanche Foundation participated.

Tare is developing blockchain infrastructure for loan origination, servicing, portfolio tracking, securitization, and structured finance. Its technology is designed to support institutional activity in private credit and tokenized assets.

Two other companies raised $10 million each. Finloop secured Series A funding from HSBC and People’s Capital for its wealth-management platform covering traditional and digital assets, while Velocity raised an additional $10 million in Series A funding at a reported $200 million valuation. Its investors included Haun Ventures, Mirana Ventures, Circle Ventures, Ripple, Visa, and Translink Capital.

Tenka raised another $2 million in a pre-seed round led by Maven 11 Capital. The London-based company is developing infrastructure for asset-backed finance and private credit, including onchain reporting and deal management tools.

Two additional investments had undisclosed amounts. PonyGo received funding from Pantera Capital, while Rep closed an angel round backed by Amber Group and individual crypto investors. These deals were not included in the $180.25 million disclosed total.

Overall, the week’s funding activity was concentrated around crypto market data, stablecoin payments, tokenized assets, private credit, and financial infrastructure. The participation of major banks, financial institutions, and established investment firms also showed continued interest in blockchain-based financial services.