#DoneDeal FinTech Funding News | 2023 #5
Connecting the dots in FinTech...
Connecting the dots in FinTech...
Last week, a total amount of €58.5m was raised across 9 European FinTech deals:
Congratulations to our portfolio company HAWK:AI in a $17m Series B followed by Spanish Twinco Capital in a €9m Series C round. See the weekly fundraising activity here
REPORT
Payments are now one of the most important parts of an e-commerce business’s operation, and vital to delivering an exceptional customer experience.
It was great to contribute to Mollie’s 2023 Ecommerce Playbook – and loving the results.
REPORT
Check out Financial Technology Partners / FT Partners latest report: “2022 FinTech Almanac”, providing the most comprehensive review of global FinTech deal activity with analysis across private company financings, IPOs, and M&A transactions.
?? NEWS HIGHLIGHT
Thrive Capital reportedly committed $1 billion in fresh capital to payments giant Stripe as part of a new investment in the works that would value the FinTech company at between $55 billion and $60 billion.
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?? ARTICLE
Minu grabbed $30 million in new funding as it continues building out its gamified and rewards features, including saving or completing financial education courses, while improving retention for employers.
??INSIGHTS
?? 112 FinTech deals were announced in 2022, a 45% drop from 2021
?? Capital invested in the country reached $1.7bn, a 55% drop from last year
?? ANALYSIS
European startups raised €462m across 286 seed rounds last month, a healthy figure compared with recent months.
?? VC FUNDS
Dila Capital closed its fourth fund: US$115 Million.
?? M&As
Dubai Investments has acquired a 9% equity stake in Monument Bank, a UK-based challenger bank.
领英推荐
SendFriend acquired the assets of US compliance provider DigiPli for an undisclosed sum.
?? PARTNERSHIPS
FINBOURNE Technology announces its partnership with market-leading debt provider, Kreos Capital, to secure up to a ￡30 million debt facility.
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? NOTABLE FUNDING ROUNDS
?? Marqeta agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history.
?? Liberis lands €30m debt financing from Silicon Valley Bank for European expansion.
?? TransUnion announces investment in Bud to drive innovation and growth in Open Banking.
?? Treasury Prime announced it raised $40 million in Series C funding.
UK ????
Zopa Bank raised $92 Million. The raise from existing investors “cements” the UK fintech’s status as a unicorn with a valuation of $1 billion.
LiveMore Capital secured a credit facility of up to ￡250m from Citi taking total funding raised by the lender since inception to nearly ￡600m.
EUROPE ????
Fagura.com closed its second round of equity investments held on the British platform Seedrs.com, raising over EUR 780,000.
Augmentum Fintech invested €3m into Berlin-based cyber insurance platform Baobab in its first venture into the insurtech space.
USA ????
Zurp announced its pre-seed capital raise of $5M to launch the credit card for experiences.
Suppli is modernizing the construction industry with its digital payment platform for construction suppliers and announced that it closed a $3.1 million seed round.
Method Financial announced that it closed a $16 million Series A funding round.
Hatchfi launched out of beta on the heels of a $1.2M pre-seed raise with 30+ clients in the Fintech space including accounting & tax apps.
Moov Financial announces a $45 million Series B round of funding. The round was led by Commerce Ventures with participation from Andreessen Horowitz.
Oxygen announced $20 million in Series B funding – led largely by return investors – and the appointment of David Rafalovsky as Chief Executive Officer.
LATAM
Medsi raised a USD $10 million debt-financing round from CAPEM Mexico.
XP Asset bought a minority stake in the financial services company One7. The deal was closed through an investment of R$ 110 million.
Brick Insurance received a Pre-Seed round of investment led by Verve Capital.
ASIA
Eazy Digital raised $850,000 in seed funding led by Wavemaker Partners, a Singapore and Los Angeles based seed investor.
Gobi Partners announced that it has onboarded two fintech firms to its Gobi Superseed II Fund (Gobi SSII Fund).
AUSTRALIA ????
Hnry completed its AUD$35m Series B round as it unveils ambitious growth plans to double headcount, expand internationally and invest in further product innovation.
AFRICA
MNT-Halan raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country.
Lulalend finalized a transformational $35 million (R600 million) Series B funding round.