💰Financial Diaries - Issue 2💰

Hello and welcome to the second issue of Financial Diaries, where each week we spotlight the most exciting funding round shaking up the financial and tech world.

At Spendbase, we’re passionate about helping businesses cut their SaaS and cloud costs by up to 35% without the hassle — freeing you to focus on growth and innovation.

This week, we’re celebrating some incredible funding milestones that showcase the power of innovation and smart financial strategy. Stop Spending Around!

🌍Quote of the Week🌍

Charlotte Ketelaar, Founder @Capwave AI:

Series A is not a bigger Seed round, it’s a different game. 

And yes I know it after raising $456M for our clients.

At Seed, investors bet on potential.

At Series A, they bet on proof.

This is where many founders get stuck. They expect the same narrative to work, just with higher numbers.

Read more!

💰Vincenz Klemm, CEO & Co-Founder at Baobab is thrilled to share that Baobab Insurance has successfully closed a €12 million Series A funding round!

This new capital will empower us to: 

Expand our presence in Germany, Austria, Liechtenstein and Luxembourg and open up more international markets

Enter additional EU markets within the next 12 months

Double our dedicated team

Enhance our product offerings to better serve our clients

Check it out!

💰Michael Barbosa, CEO at OatFi is excited to announce OatFi has raised a $24mm Series A!

We started OatFi in 2022 with a simple belief: every B2B transaction is a credit transaction

As the Trillions in B2B payments continue to rush online, OatFi provides the universal credit layer that enables AP & AR platforms with the table-stakes working capital essential to every transaction.

Push push push!

💰Nick Evens, President & Chief Executive Officer at Curql Collective is proud to share that 83 credit unions have united to raise $309 million (and counting!) through Curql Fund II — making it the largest credit union-led fintech fund in history.

83 credit unions. Over $300 million raised. Curql Fund II is now the largest credit union-led fintech fundraise in history and the window to join is about to close. This milestone is about more than scale. It’s about relevancy. It's about credit unions coming together to lead, invest with purpose, and shape the future of our industry.

Learn more!

💰Aibidia has closed Series B funding round at $28M to expand its tax technology operations into the US market.

"Multinational corporations are facing an increasingly complex web of tax regulations," said Hannu-Tapani Leppänen, CEO of Aibidia. "Aibidia provides a critical solution, helping them to operate global supply chains efficiently and effectively. This funding validates our success in Europe and will enable us to bring our powerful platform to the US market, where demand is rapidly growing.”

Congrats!

💰Dhruv Arora, Founder & CEO at Syfe is pleased to announce the 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗰𝗹𝗼𝘀𝗲 𝗼𝗳 their $80M 𝗦𝗲𝗿𝗶𝗲𝘀 𝗖 to further accelerate Syfe’s regional growth.

This raise - bringing our total to date to US$132M - comes at a time when capital is cautious. To us, that signals a strong belief in a new kind of wealth platform: transparent, tech-enabled, and customer-first. It’s not just a win for Syfe, it’s a sign of what’s possible for digital wealth platforms globally.

Keep building!

💰Congratulations to bolttech for closing a US$147 million Series C funding round!

With investments totaling US$147 million, the closing of our Series C marks another important moment for the bolttech team.

Read the news here!

💰Dhruv Maheshwari is thrilled to share the news!

Obvio has launched in 5 cities and we’ve raised a $22M Series A led by Bain Capital Ventures, with continued support from Khosla Ventures and Pathlight Ventures, who’ve backed us since the early days.

Let's make the roadways safer!

💰Santiago Gomez, CoFounder & COO @ Simetrik just raised an additional $30 million, bringing their Series B to a total of $85 million!

We all know raising capital isn’t a success metric on its own, but having the trust of world-class investors gives us the boost we need to keep building a truly global company. Goldman Sachs doubled down on Simetrik alongside our board, existing investors, and new ones who share our vision.

This actually happened a few months ago, as we realized the opportunity we’re chasing is much bigger, and much more global, than we initially thought.

From LATAM to the world.

💰Adi Gelvan, CEO at Speedata.io is announcing the launch of a purpose-built analytics processor, and a $44 million Series B funding round, bringing Speedata’s total capital raised to $114 million

Thank you Viola Ventures and Zvika Orron for your continuous support in our mission to transform the data analytics market. This is one step further on our mission to become the standard processor of the data analytics workloads.

Wow!

💰Zach Witzel, CEO @ Helium (YC S24) just raised $2M from Google’s AI fund to build self-improving software.

We'll be launching new self-improving surfaces soon, so if you're interested, join our waitlist and we'll reach out with more info.

Also, as we built Helium we’ve been collecting 100+ paywall test ideas that some of the biggest apps have used to make millions. Today, we're giving them away for free.

Sounds exciting!

💰That’s a wrap for Issue 2 of Financial Diaries!💰

Thanks for joining us on this journey to smarter financial management. Remember, cutting costs doesn’t mean cutting corners—it means making every dollar work harder for you.

Stay tuned for more updates, expert tips, and inspiring success stories in the next issue. And if you want to learn how Spendbase can help you save on SaaS spend, don’t hesitate to reach out!

Until next time, keep those finances sharp and those budgets lean! 💰✨