#DoneDeal FinTech Funding News | 2023 #8
Connecting the dots in FinTech...
Connecting the dots in FinTech...
?? Check out Last weeks FinTech Deal activity overview by Financial Technology Partners / FT Partners.
REPORT
Private tech company valuations tumbled from inflated highs in 2022, experiencing a full-blown reset by Q4'22.
?? Seed and angel tech company valuations showed surprising resilience, coming in at 3% above Q4’21’s levels in Q4’22.
REPORT
F-Prime Capital released its annual State of Fintech Report, and you have to check it out ??
??Last week, a total amount of €169.5m was raised across 10 European FinTech deals:
?? NEWS HIGHLIGHT
Saudi-based fintech startup Hala has acquired UAE-based online payment platform Paymennt.com.
It is the second acquisition of the fintech firm since its inception, after acquiring Saudi startup Fresh in 2021, which is now rebranded as "Hala Cashier," a product that enables Hala to integrate non-financial value-added services to its small and medium enterprise (SME) customers.
?? SPONSORED CONTENT
Fintech Meetup – Last Day to Get Tickets and Complete Profile! Attendees from 1,500+ Organizations have already signed up. Don’t Miss your share of 30,000+ double opt-in meetings.?With 40% CEOs, this is the Q1 fintech event you can’t miss. In-person at the Aria, Las Vegas March 19-22. Get ticket Now!
??INSIGHTS
?? Egyptian FinTech reached $259m in 2022, a 12.6% increase from 2021
?? Egyptian FinTech deal activity last year reached 37 deals, a 23% drop from 2021
?? PayTech was the most active FinTech subsector in Egypt with 16 transactions
?? ANALYSIS
Analyzing Sequoia Capital’s investment strategy: How the VC is keeping its faith in fintech.?
领英推荐
?? M&As
Cross Switch acquired a 50% stake in Moroccan fintech company Vantage Payment Systems (VPS).
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? NOTABLE FUNDING ROUNDS
?? Pliant raises $28 million in Series A funding round.
??Monzo Bank over potential IPO as $4.5 billion FinTech plots investing push.
?? Finch raised $40 million in a Series B round. New cash will be put toward adding coverage for more payroll and benefits systems.
UK ????
Carmoola raised ￡103.5m in a mix of debt and equity to “revolutionise” the way people pay for cars in the UK.
Sprout raised $1m in pre-seed financing. Sprout will use the raised capital to scale its platform and continue to accelerate growth.
EUROPE ????
finway raised €9.2m in a Series A financing raise led by Capital 49. The finway team will use the investment to advance the development of its software solution
USA ????
Puzzle raised $15m in Series A funding. The company intends to use the funds to expand operations and its development efforts.
Nestment is emerging from stealth with $3.5 million in pre-seed funding and an official launch into public beta.
ASIA
Mintoak raised $20 million in a Series A funding round led by PayPal Ventures, with participation from British International Investment.
COGOS raised $1.2 million debt financing from Vivriti Capital. COGOS to use the debt raise to strengthen its market leadership in the country
AUSTRALIA ????
NAB Ventures led a $30m Series A round in DataMesh Group, and is partnering with DataMesh to help transform the point-of-sale user experience for NAB business customers
MIDDLE EAST
Liquidity Group raised $40 million from Japanese banking giant MUFG Bank at a valuation of $1.4 billion.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.