#DoneDeal FinTech Weekly Newsletter powered by Marcel van Oost

REPORT

• Key Dutch FinTech investment stats in H1 2023??

? Dutch FinTech deal activity reached 35 deals in the first half of the year, a 46% drop from H1 2022

? Dutch FinTech companies raised a combined $108m worth of funding in H1 2023, a 68% decrease YoY

? PayTech and Blockchain & Crypto were the most active Dutch FinTech subsectors in H1 2023

Subscribe now

?? NEWS HIGHLIGHT

• Param acquires Twisto: A new era for Turkish fintech in Europe

Param has acquired Czech buy now pay later provider Twisto, from Zip Co, in its bid to expand further across Europe and push Twisto towards profitability. There will be an initial focus on the UK, German, Dutch, Czech and Polish markets and the European licences that come with Twisto will enable this move.

?? SPONSORED CONTENT

The Integrated solutions for startups and SMEs, with more than 45k merchants, achieving more than 1 million transactions per day worth $11 million.

Explore more

?? INFOGRAPHIC

• European RegTech investment outperforms general FinTech market in Q2 2023

In Q2 2023, the number of European RegTech deals reached 58, a slight decline of 6% compared to the same period in 2022.

During the second quarter, European RegTech companies collectively secured $208m in funding, experiencing a significant 77% decrease compared to the previous year.

??INSIGHTS

• Canadian fintech investment drops to pandemic-era levels in H1’23

Investment in Canadian fintech companies dropped three-fold in the first half of 2023 as valuations continued to slide to levels not seen since the beginning of the COVID-19 pandemic, driven primarily by macroeconomic concerns, according to KPMG in Canada.

?? M&As

Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders.

Securitize has acquired digital asset wealth platform Onramp Invest to extend its offering to registered investment advisors (RIAs).

NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS

?? NOTABLE FUNDING ROUNDS

?? Metro Finance raises $67 million aimed at 'turbocharging' the company's growth ambitions.

?? Antler accelerates MENAP presence and launches new $60M early stage fund.

?? UK launches ￡1 billion fintech fund to compete with Silicon Valley.

?? Ex-Habito CEO, Daniel Hegarty, raises ￡2.5m for new savings app, Communion, targeting cash-strapped millennials.

EUROPE ????

SureIn has closed a €4M Seed round for its mission to provide end-to-end insurance solutions to small and medium-sized businesses (SMBs). The funding round will be used to further develop the SureIn platform.

USA ????

ZetaChain has closed a $27 million equity funding round from a range of top participants.

Splitit is planning to delist from the ASX after securing up to $50 million from Motive Partners. The cash injection will give the firm a longer capital runway as it pursues its strategy to become profitable.

LATAM

Avista raised a $12M credit facility from Bancolombia to expand credit access to Colombian pensioners. Avista aims to bring financial inclusion to unserved population segments by offering payroll-deductible loans.

AFRICA

Mastercard has purchased a minority stake in the fintech business unit of African mobile phone network MTN. Mastercard's investment into the business is based on a 16x multiple on a total enterprise valuation of about US$5.2 billion.