Recast

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: Fintech
• Advisor: Cooley (Legal)
• Key Entities: Recast (Target), Morpheus Ventures (Lead Investor), Airstream Ventures (Investor)
• Location: Edinburgh, United Kingdom

Note: 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.