#DoneDeal FinTech | 2022 #38
Connecting the dots in FinTech...
Connecting the dots in FinTech...
A syndicate is like a deal-by-deal VC firm. It's run by a lead and funded by angel investors or high-net-worth people (referred to as a limited partner or LP).?
?? Read more info in this great Vauban from Carta article by Ulric Musset here.
And sign up for my FinTech focussed Angel Syndicate below ??
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?? INFOGRAPHIC
Fintech M&A deal activity accelerates in DACH region.
?? Read the full article by Fintechnews Switzerland here.?
??INSIGHTS
Singapore poised to become a wealthtech powerhouse.
?? Read the full Fintech News Singapore article here.
??INSIGHTS
In total 409 unique investors drove Latin America’s FinTech sector in H1 2022 with Y Combinator, an American based technology startup accelerator, accounting for the most deals at seven in total.
?? Read the full article here.
?? VC FUNDS
DTCP announced the first close of its Growth Equity fund at $300 million. Link here.
Byld Ventures, a $15M fund, backs fintechs in Africa. Link here.
Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Link here.
Arbor Ventures notches $193M toward next early-stage fintech fund. Link here.
?? M&As
Pay360 is to be sold to Access PaySuite. Link here.
WeLab acquired PT Bank Jasa Jakarta together with PT Astra International Tbk. Link here.
?? PARTNERSHIPS
HSBC invested $35 million in neobank Monese, which has agreed a broader strategic partnership with the high street bank as part of the deal. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? NOTABLE FUNDING ROUNDS
?? Kavak signed structured financing agreements worth USD $810M with HSBC, Goldman Sachs, and Banco Santander. Link here.
?? Bitgreen secures $5M in crowdfunding to launch Polkadot climate-investment platform. Link here.
?? Sequence announced one of the biggest seed rounds in European fintech this year. Link here.
?? Heru raised US$6M to expand its suite of products and to improve its technology. Link here.
UK ????
Jupiter to sell ￡100m Starling Bank stake at big discount to valuation. Link here.
Freetrade raised over ￡1m from existing investors. Link here.
Habito closed its latest funding round at ￡5m. Link here.
Headquarters raised $5 million in a pre-seed round. Link here.
Tilt raised a $3m pre-seed round led by VC firm Earlybird.?Link here.
EUROPE ????
Candis raised $16 million in its latest funding round, led by Viola FinTech. Link here.
Hakuna locks in €4 million for its embedded insurance solution. Link here.
Ledgy raises $22m for equity management platform. Link here.
Gigs raises $20M to help any company be an MVNO. Link here.
USA ????
Ethic raised $50m in a Series C funding round led by Jordan Park Group. Link here.
UP Fintech approved as the latest member of NYSE. Link here.
ModusBox spins out PortX into new financial services company and raises $10M. Link here.
Portabl raises $2.5M to help consumers securely store financial data. Link here.
Denim (previously Axle Payments) raised $126 million in Series B funding. Link here.
Sardine raises $51.5m for fintech fraud platform. Link here.
Higlobe raises $14 million for stablecoin-based money transfer service. Link here.
Remofirst raises $14.1M. Link here.
Scratch Financial has raised $35 million in a Series C funding round. Link here.
LATAM
Ventu announces its pre-seed round to facilitate international trade for SMEs in Latam. Link here.
CARIBBEAN
ASIA
MoneyPlanned raised 25 million rupees (around US$300,000) in a seed funding round led by Inflection Point Ventures. Link here.
Zopper raises $75 million to solve India’s insurance problem. Link here.
Gobi Partners announced the closing of its US$10 million Gobi SuperSeed II. Link here.
#dltledgers secures S$8.5 million in series B fundraise. Link here.
MIDDLE EAST
Turan completed its pre-seed investment round with a valuation of approximately $2.5 million. Link here.
erad raises $2.4 million pre-Seed round. Link here.
Financial data lake for Web3 companies, tres, raises $7.6 million. Link here.
Exits.me raises $1 million pre-Seed round. Link here.
Noble emerges from stealth with $18m. Link here.
AFRICA
Kenya was the most active FinTech seed country in the first half of 2022 with 11 deals, a 28% share of total FinTech seed deals in Africa. Link here.
Julaya gets $5M to become banking partner for businesses in Francophone Africa. Link here.?