Gyroscope has raised $4.5M in seed funding to build Gyro Dollars (GYD), a decentralized stablecoin featuring a novel all-weather stablecoin design. The round was co-led by Placeholder VC and Galaxy with participation from Maven11, Archetype, and Robot Ventures, as well as angel investment from Cyrus Younessi, Fernando Martinelli, Hart Lambur, Will Villaneuva and others. A live beta version of the new GYD stablecoin mechanism - Gyro Proto - is now live on mainnet Polygon and is open to all for testing.

NIGERIA: Curacel, Africa’s leading insurance infrastructure provider, has raised $3 million in seed funding to roll out new technology solutions designed to power the next generation of insurance experiences in Africa. The new funding will also support the company’s expansion into North Africa.

SPAIN: Snab, the Spanish payment platform that allows payments and transfers between companies in one click, has raised €1.1Million in its first funding round.

Fact360, a cyber-security SaaS platform that specialises in detecting fraud, financial crime and compliance anomalies within businesses, has received investment from one Henley Business Angels member, contributing towards a funding round of £500,000.

Finance and technology heavyweight, Dominique Cerutti, has given his backing to London based early stage fintech, 1fs Wealth, and its innovative platform that can support wealth owners to consolidate and manage their assets.

Market Dynamics, a pioneering fintech start-up on a mission to democratise systematic trading for retail financial traders, has moved its operations to Brigantine Place, Cardiff following equity investment from the Development Bank of Wales.

The Development Bank of Wales was among a number of global backers which supported international fintech startup AGAM in a recently-closed funding round.

Boodil, a Manchester founded open banking payments and consumer engagement app that makes it more rewarding, simpler and safer for consumers to pay online, has raised £525,000 in pre seed funding.

Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing portfolio of customers.

Electric vehicle subscription business Voltric has opened offices in Newport ahead of a seed fundraise.

Net Purpose, a platform for sustainable investors, has raised £10 million in a Series A round led by ETF Partners, following a year of record growth.

Net Purpose also has angel investor backing from Jim O’Neill, former Chairman of Goldman Sachs Asset Management, and Kevin Gould, Co-Founder of Markit who have both increased their commitment in this round,

Open banking-powered fintech Currensea has secured £2.4m from leading Venture Capitalists Blackfinch Ventures and 1818 Venture Capital, along with existing and new angel investors, which will be used to accelerate the fintech’s ambitious growth plans.