#DoneDeal FinTech Funding News #49
Connecting the dots in FinTech...
Connecting the dots in FinTech...
??FinTech Funding Alert:
?? Total raised by European Fintech in November: €703.7m (vs. €1096m in Nov.2021)
?? Total raised by Top 10 : €441.6m (vs. €898.2m in Nov.2021)
?? There has been 47 deals (vs 54 deals in Nov.2021)
?? Average deal size is : €16.4m per deal (vs €22.4m in Nov.2021)
?? Check out the data from BlackFin Tech/Manon Caussade here.
REPORT
Misaligned? What founders want & what VCs give??
Investors could do more to impress founders...
Atomico asked founders what their most important considerations were when selecting an investor to lead their next round; and asked VCs what they thought allowed them to win competitive deals this past year. The results were quite different.
?? Download the full State of European Tech report, with more stats and figures here.
REPORT
Check out Financial Technology Partners / FT Partners latest "CEO Monthly FinTech Market Update & Analysis.” ??
?? Download the full FT partners #fintechreport here.
?? NEWS HIGHLIGHT
Curve announced that the company has closed a deal to fund its first $1 billion in loans with a facility provided by Credit Suisse, enabling Curve to scale its lending business, Curve Flex, across the UK, the EU and the United States.
?? Read the full FF News article here.
?? SPONSORED CONTENT
Burgopak delivers award-winning innovative packaging solutions for some of the world's leading Banks and Fintechs. Creating a positive user experience with beautiful design drives customer engagement, elevating your brand and increasing card activation.
Discover why packaging is crucial in digital banking here
?? ARTICLE
Mercury created a list of the best and most active seed and pre-seed investors so you can find the right partner for your startup.
??You can find the full list/investor database here.
??You can find a European investor database here.
??INSIGHTS
German FinTech companies announced 43 deals in Q3 2022, projecting their total deals for 2022 to reach 249.?
Germany’s FinTech deal activity in Q3 2022 dropped 20% from Q2 levels.?
领英推荐
?? Check out the FinTech Global?article here.?
?? VC FUNDS
Cavalry Ventures announces first close of its €160m fund. Link here.
?? M&As
BUX acquired the retail arm of its Spanish rival Ninety Nine, in a deal which will see Ninty Nine exit the B2C market entirely. Link here.
Intuit boosts Credit Karma unit with SeedFi acquisition. Link here.
Svea Bank acquires Arex fintech operations in Finland. Link here.
Shift4 acquired Online Payments Group for $125.9 million. Link here.
TreviPay acquire payment platform Apruve. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? NOTABLE FUNDING ROUNDS
?? Osome, founded by banking mastermind Victor Lysenko, snared $25m investment from Asian, European and US investors. Link here.
?? The total number of FinTech investors in Africa during the first three quarters of 2022 reached 414 individual investors, a 12% increase from the same period the previous year.?Link here.
?? XanPool is accelerating expansion plans across Europe, Middle East, North Africa and Latin America after raising $41 million. Link here.
?? Teampay raised $47 million in Series B funding led by existing investor Fin Venture Capital. Link here.
EUROPE ????
Tapline raised a pre-seed funding round totalling €31.7m. Link here.
Mail to Pay is joining forces with its Belgian peer POM. Link here.
Dintero raises 30 million NOK, Bring Ventures steps in as a new investor and Schibsted Ventures participates again. Link here.
Membrane Finance reels in EU money licence and €2 million in seed financing. Link here.
USA ????
Setpoint raised $43 million in a Series A round led by Andreessen Horowitz (a16z). Link here.
Seeds Investor (“Seeds”) announced it has closed a seed funding round of $2.7 million. Link here.
Circle Internet Financial pulled the plug on its planned Spac deal with Concord Acquisition Corp, the blank check firm run by former Barclays bigwig Bob Diamond. Link here.
TripActions secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank. Link here.
LATAM
AltScore raised $3.5 million in seed funding. Link here.
Destacame closed a Series B investment round for $10 million led by Banco Santander. Link here.
Syncfy announced $10 million in Seed funding. Link here.
ASIA
ShopBack raises $30m from Westpac as it gears up for IPO. Link here.
Paywatch raised US$9 million in a Pre-Series A funding round led by returning investor Third Prime. Link here.?