#DoneDeal FinTech Funding News #3
Connecting the dots in FinTech...
Connecting the dots in FinTech...
WEEKLY FUNDRAISING ACTIVITY
Last week, a total amount of €101m was raised across 10 European FinTech deals.
?? Check the full weekly fundraising activity by?BlackFin?Tech?here
?? Check the full weekly fundraising activity by?BlackFin?Tech?here
?? NEWS HIGHLIGHT
VCs just can’t get enough of climate FinTech right now.
Investors poured $2.9bn into climate fintech companies globally in 2022 — a record high — up from $1.2bn in 2021, according to a new report by VC firm?CommerzVentures.
?? Read the full story in this?Sifted?article?here
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??INSIGHTS
Nigerian FinTech saw a disappointing Q4 with only 13 companies raising funding. This brought total deal activity for the year to 78 deals, an 8% decrease from 2021’s levels.
?? See the whole information by?FinTech?Global?here
??INSIGHTS
Europe led the charge for the biggest deals of the year, representing seven of the top ten. The remaining three were raised by US-based companies.
?? Read all about the ten biggest FinTech deals of 2022 by?FinTech?Global?here
?? ANALYSIS
35 mega deals have been closed this year (i.e. above €100M), it’s 45% less than in 2021.
Read the full?BlackFin Tech?article, with more stats and figures here ??
?? VC FUNDS
Tim?Levene?said that UK’s fintech sector will see a wave of acquisitions this year as cashed-up banks. Link?here
?? M&As
Kwara?agreed to fully acquire software company?IRNET?Coop?Kenya?Ltd, a subsidiary of the?Kenya Union of Savings?and?Credit Cooperatives. Link?here
First Rate?acquired?Finantech,?which offers comprehensive reporting solutions to family offices and private banks. Link?here
领英推荐
?? PARTNERSHIPS
Currencycloud?partnered with?Vauban, to enable the?platform?to be more accessible and permit?global?investors to launch and run their special-purpose vehicles. Link?here
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? NOTABLE FUNDING ROUNDS
???Anyfin?raised a $30m Series C round led by existing investor?Northzone. Link?here
???Tabby?raised $58 million, led by?Sequoia?Capital?India?and?STV, at a valuation of $660 million. Link?here
???Founders?Fund?closed almost all of its eight-year bet on cryptocurrencies, generating about $1.8bn in returns. Link?here
???KLYM, formerly?Omni?Latam, announced a US$27 million investment round led by?JPMorgan?and the?International?Finance?Corporation. Link?here
UK ????
LendInvest?announced further backing from?Lloyds?Bank, to enter the UK's ￡1.2 trillion homeowner mortgage market. Link?here
Beurzbyte?raises ￡2.2m in pre-seed funding from angel investors. Link?here
EUROPE ????
SardexPay?raised €4m in funding, alongside the appointment of a new president. Link?here
kompasbank?raised EUR 12 million in new funding. Link?here
Sprinque?raised €6M in a Seed round of funding. Link?here
United?Volksbank?clinched another credit agreement, with the automated tax refunds app?Zasta. Link?here
Betterway?raises €4 million in funding from?Edenred?to accelerate the development of sustainable corporate mobility. Link?here
Beurzbyte?raises ￡2.2m in pre-seed funding from angel investors. Link?here
USA ????
Mayfair?emerges from stealth to offer businesses a higher yield on their cash. Link?here
Arch?announced its first crypto lending product and closed a $2.75 million funding round. Link?here
Core10?announced the close of a $6.5 million Series B funding round to support the expansion of its?Accrue?platform. Link?here
LATAM
Nubank?secures a loan of up to USD$150 million from?IFC?to strengthen its operation and expand access to financial services in Colombia. Link?here
Port?o 3?raises US$3.6M to solve the pains of the accounts payable area of traditional companies and startups. Link?here
ASIA
Komunal?announced that it has raised US$ 8.5 million in a funding round led by venture capital firm?East?Ventures. Link?here
PeopleFund?raised an additional US$20 million led by existing investor?Bain?Capital. Link?here
PhonePe?secured US$350 million from?General?Atlantic?at a pre-money valuation of US$12 billion. Link?here
AUSTRALIA ????
Bloom?Impact Investing?raised $525,000 in a seed round co-led by?Up?bank?cofounder?Dom?Pym, with the founders of?Envato,?Collis?and?Cyan Ta’eed. Link?here
MIDDLE EAST
InvestSky?secured $3.4m in its pre-seed funding round, to support its mission of making investing more inclusive. Link?here
AFRICA
Shekel?Mobility?raised $1.95M in pre-seed funding. Link?here
Kwara’s?new seed extension brings the startup’s total seed raise to $7 million. Link?here