Dejavoo Expands Global Reach With Acquisition of Israeli FinTech, z-credit

?? NEWS HIGHLIGHT

• Revolut seeks valuation of more than $40bn in employee share sale.

UK FinTech Revolut is targeting a valuation exceeding $40bn in a share sale that would cement its status as Europe’s most valuable start-up, according to three people with knowledge of the plans.

The SoftBank-backed company is working with Morgan Stanley to sell about $500mn worth of existing shares, including those held by employees, the people said.

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?? M&As

Canadian payments firm Nuvei Corporation announced that its shareholders have approved a plan to take the company private in a transaction with Advent International.

Danish accounting software FinTech Ageras has entered into an exclusive agreement with Societe Generale to acquire Shine, a provider of banking and accounting software for SMEs.

Dejavoo Expands Global Reach with Acquisition of Israeli FinTech, Z-Credit. The acquisition reflects Dejavoo's continued commitment to growth, expansion, and the delivery of innovative payment solutions to its clients.

Stake has purchased rent payments platform Circa for $9.5 million in cash and stock. Completed earlier this month, the acquisition merges rent incentives with end-to-end payments, allowing Stake to introduce integrated delinquency and collections management through Get Current.

FinTech Finsus Acquires Distrito Pyme and Launches New Digital SME Loan in Mexico. To date, Distrito Pyme has registered 20 thousand credit applications worth 10 billion pesos. It has also managed to place close to 850 million pesos among more than a thousand companies in a one hundred percent digital way.

NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS

?? NOTABLE FUNDING ROUNDS

?? Corpay to Acquire GPS Capital Markets in Global Expansion Plan.

?? French wealth management startup Ramify raises €11m.

?? Brazilian FinTech a55 raises investment from Paysecure.

?? Finaloop Secures $35 Million in Series A Investment Led by Lightspeed Venture Partners.

?? REGIONAL HIGHLIGHTS

UK ????

Gener8 has announced a ￡2 million funding round, valuing the company at ￡39m. The startup, which featured on MarTech 50 ranking this year, says it remains on track to become the UK’s latest unicorn before the end of the decade.

Prosper has hit its ￡800,000 Crowdcube target before launching to the public. The brainchild of Tandem vets Ricky Knox and Nick Perrett and Nutmeg COO Phil Bungey firm has already raised ￡3.2 million in pre-seed backing from a host of FinTech founders.

Finbourne taps $70M for tech that turns financial data dust into AI gold. Finbourne has built a platform to help financial companies organize and use more of their data in AI and other models. It’s announcing ￡55 million ($70 million) in funding, which it will use to expand its reach outside of the Square Mile.?

Zilch says it has raised $125 million in debt financing from Deutsche Bank in a deal that will help the company triple sales in the next couple of years and move closer toward an IPO.

AccessPay secures ￡350k in first Praetura VCT investment. The northern-focused VC firm launched the Praetura Growth VCT in 2023, targeting an initial raise of ￡10m to invest in regionally diverse UK startups.

EUROPE ????

CleverCards raises €8m. CleverCards, the global digital payments platform, has announced an €8m capital raise, including an investment from Pluxee, a global player in Employee Benefits and Engagement, and an additional investment from existing investors.

USA ????

Boston’s AI FinTech startup EnFi bags $7.5m from top investors. These notable investors have recognised the potential of EnFi’s innovative approach to financial technology.

FinTech Company Stream Innovations, Inc. Secures $400M Warehouse Facility From Goldman Sachs. This facility will be used to expand STREAM’s rapidly growing portfolio of home improvement loans.

French FinTech company HERO has announced a capital raise of €11.3 million from the American investment fund Valar Ventures and its historic investor SquareOne. This new round of financing will enable HERO to provide the most comprehensive and competitive response to the number 1 concern of small and medium-sized businesses in Europe.

CANADA ????

Canadian FinTech startup Chexy raises $4.1m to expand renter rewards platform. The company plans to use the new funding to make its rent reporting feature free for all active users, further aligning with national policies aimed at benefiting renters.

LATAM

Google announced a $200,000 investment in the Colombian FinTech company BioCredit through its Google for Startups Cloud Program. This announcement comes at a crucial time for Colombia's FinTech ecosystem, which has experienced a 19.7% growth in the last five years, according to data from Colombia FinTech.

Chilean Paytech Shinkansen Receives New Investment from Corporate Venture Capital Krealo. The group's innovation arm has just made a new bet in the latter market, the first of at least two more it plans to make by 2024.

FinTech Moonflow has raised $1.74 million to Accelerate Product Development in Latam and Enhance Payment Platform. The round was led by TheVentureCity. Salkantay Ventures, Amador Holdings y Morro Ventures also participated.

Mexico’s Payments startup Clip has raised $100 million. The investment will be used to continue growing in its home market of Mexico, said Clip Founder and CEO Adolfo Babatz in an interview.

Brazilian Banking As A Service FinTech Celcoin Announces US$125 Million Investment Led by Summit Partners. Existing investor Innova Capital is also participating in the round, along with experienced financial technology executive John Coughlin, a former senior executive with Corpay.

ASIA

BayaniPay raises $3M for global payment service. Homegrown financial technology player BayaniPay raked in $3 million from a funding round intended to support the deployment of new global payment solutions that cater to enterprises.

AUSTRALIA ????

Aussie bridging loans provider Bridgit raises $125m debt facility and closes $14.6m Series A capital raise. This comes as Bridgit also announces the completion of $14.6 million Series A capital raise led by OIF.

National Australia Bank’s Venture Arm Invests in Crypto-Focused Zodia Custody. The investment from NAB Ventures underpins Zodia’s push into Australia, where the custody firm established operations in late 2023, according to a press release. The size of the investment was not disclosed.