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DeFi API startup Conduit raises $17 million from Portage Ventures

Canadian startup Conduit has raised $17 million in a funding round led by Portage Ventures, according to a statement. FinVC, Gemini Frontier Fund, and ex-a16z partner Rex Salisbury also participated in the round.  Conduit creates APIs — a software tool that enables easy access to new services — that it says will allow fintechs, neobanks, and traditional financial institutions to easily integrate high-yield DeFi accounts into their existing product offerings. They say that this will increase access to DeFi and …

B2B fintech Tipalti raises $270 million as it prepares to go public

Payments firm Tipalti has closed a $270 million round led by G Squared, valuing the company at $8.3 billion. The company said its new valuation places it among the top 15 most highly valued privately owned fintechs in the world.  Tipalti, now just a few billion shy of decacorn status, automates the accounts payable process for mid-size, high-growth companies. It uses a localized cloud tool to address pain points from tax compliance, to supplier onboarding, to currency management.  For its …