#DoneDeal FinTech Funding News #2
Connecting the dots in FinTech...
Connecting the dots in FinTech...
?? See the whole information about TOP 10 DEALS EUROPE by?BlackFin Tech?here
WEEKLY FINTECH DEAL ACTIVITY
Check out all of last week’s FinTech deal activity in the overview by Financial Technology Partners?here???
?? NEWS HIGHLIGHT
FinTech startups raised $79B globally in 2022, down 38% from last year, but still, almost double the pre-pandemic level.
?? Read the full report by?Dealroom.co?and?ABN AMRO Ventures?here
?? INFOGRAPHIC
A continued drop in FinTech seed deals is likely to happen in 2023 as the Euro area increases their interest rates to 2.5% in December 2022.
?? Check the full information by?FinTech?Global?here
?? ARTICLE
The final month of 2022 didn’t bring many surprises when it came to seed funding. The month-on-month decline in the number of rounds seen since October continued, with 202 rounds compared to November’s 210?— and with €325m in funding.
?? Read the full?Sifted?article?here
?? ARTICLE
There is no shortage of BNPL startups in Europe and the UK.?Tranch?raised ￡3.5M for US expansion,?Playter?picked $55M from backers of?Klarna,?SoFi?and?Pipe, and Madrid’s?RITMO?scored over €184 million and more.
In addition,?Mondu?picked up another $13 million in a Series A extension round.
?? Read the full?Tech funding news?article by?Akansha Dimiri?here
??INSIGHTS
In 2022, ~200 African fintech startups raised ~$1.6B across ~240 announced equity fundraises — an average of 20 deals and ~$130M raised per month.
?? Read the full Afridigest article here
??INSIGHTS
Monthly FinTech Deal Activity Insights ??
?? Check the full?Financial Technology Partners?insight?here
?? VC FUNDS
DAAL Ventures?took part in a $5 million seed funding round for prop-tech start-up?Pulppo.?Link?here
?? M&As
Duck Creek Technologies?announced a definitive agreement to acquire?Imburse?Payments. Link?here
领英推荐
TipRanks?is acquiring?The Fly?for a sum estimated at $15 million. Link?here
Deel?acquired fintech?Capbase?for an undisclosed amount in a cash and stock deal. Link?here
American Express?entered into an agreement to acquire?Nipendo. Link?here
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? NOTABLE FUNDING ROUNDS
???40Seas?raised $111 million in debt and equity. Link?here
???Stripe?cut the internal value of its shares by about 11%, implying a valuation of $63 billion. Link?here
?? During the “holiday season”, a total amount of €64.3m was raised across 8 European FinTech deals. Link?here
?? FinTech valuations in both private and public markets have suffered a swift and massive correction over the last three quarters of 2022. Link?here
UK ????
Scottish financial technology firms received more than ￡305m in funding, representing an increase of over 200% on the previous year. Link?here
Prograd?raised ￡2m ($2.5m) in seed investment to accelerate its mission to help young people understand finance. Link?here
Detected?secured ￡2.5m in its financing round fundraise, including investment from?Thomson Reuters Ventures,?Love Ventures?and powerful industry angels. Link?here
Superscript?scored ￡45m in a Series B raise. Link?here
EUROPE ????
Relio?secures CHF 3 million in financing for the launch of a digital payment account for business customers. Link?here
Cryptiony?closed a €500k pre-seed financing round led by?ff Venture Capital?of New York with participation by?Pointer.Capital?and?Marcin?Wenus. Link?here
BNP Paribas?invest in?AccessFintech, joining a previously announced Series C funding round for the capital markets specialist. Link?here
USA ????
ML Tech?raised $1.9 million in funding, participating in the round were?Belvedere?Strategic?Capital,?Hyperithm, and?Nascent. Link?here
Tap Global Group Plc?announced the admission of its?Ordinary Shares?to trading on the Access Segment of the?AQSE?Growth Market. Link?here
Butter Payments?raised a $21.5m Series A?funding round. Link?here
Doorstead?raised $21.5 million in a Series B round of funding. Link?here
LATAM
Transfeera?raises US$1.3M, new funding was led by?Honey Island?by?4UM. Link?here
ASIA
Fello?raised $4m in a funding round led by US-based?Courtside Ventures. Link?here
FLIK?secured $1.1m in its pre-seed funding round. Link?here
BankSathi?raised $4M USD in funding from?Kotak Securities,?Lets Venture,?We Founder Circle,?Hem Securities?and?IPV. Link?here
Ouch!?announced a fully subscribed six figures pre-series A round. Link?here
actyv.ai?has collected $12m in its pre-Series A funding round. Link?here
Alibaba Group?sold half its take in?Paytm. Link?here