Recast

Investor: Morpheus Ventures

Edinburgh-based fintech platform Recast has successfully closed a $5 million funding round led by Morpheus Ventures, with additional investment from Airstream Ventures and legal counsel from Cooley, to further develop its smart payment and micro-payment wallet technology.Summary of transaction details:Value: $5 million (approx. £3.95 million)Sector: FintechAdvisor: Cooley (Legal)Key Entities: Recast (Target), Morpheus Ventures (Lead Investor), Airstream Ventures (Investor)Location: Edinburgh, United KingdomNote: The funding will enable Recast to evolve from a streaming destination into an API-centric fintech solution for media owners, addressing subscription fatigue and unlocking new monetisation models across digital content.