Fintech

Bank of America, Citi back Fnality in $136m funding round

More banks join existing investors Barclays, Goldman Sachs and UBS in the payments firm

Fnality has bucked a tough environment for fintech fundraising with another cash injection
Fnality has bucked a tough environment for fintech fundraising with another cash injection Photo: Simon Dawson/Bloomberg/Getty Images

Blockchain-based payments firm Fnality has raised $136m in another fundraising round that has roped in major banks including Citi and Bank of America.

The series C round, which also featured WisdomTree, KBC Group, Temasek and Tradeweb, comes as fintechs look to cash in on bumper digital asset spending but face a tougher fundraising environment.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink