FinTech Flow48 Secures $69M Series A to Expand Into Saudi Arabia
Connecting the dots in FinTech...
Connecting the dots in FinTech...
WEEKLY FUNDRAISING ACTIVITY
?? NEWS HIGHLIGHT
Capim, a startup offering Brazilians the option to buy now, pay later (BNPL) for dental services, has raised $26.7 million in Series A funding, it tells TechCrunch exclusively.
Founded in July 2021 by Marcelo Lutz and Roberto Biselli, who serve as co-CEOs, S?o Paulo-based Capim describes itself as a vertical SaaS company specializing in the dental sector. It claims that its operating system helps dentists digitize and manage their clinics, and increase revenue.
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?? M&As
Prosus Group and Just Eat Takeaway.com have entered into a conditional agreement for Prosus to acquire all outstanding shares of JET for equity consideration of EUR 4.1 bn. The takeover of the Dutch meal delivery company must still be approved by shareholders and the relevant authorities. This acquisition aims to create a leading European food delivery company.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
?? NOTABLE FUNDING ROUNDS
?? European wealth tech data aggregator Flanks raises €14M.
?? Bancomat acquires Flowpay to expand open banking and digital payments.
?? Zurich-Based FinTech amnis secures CHF 10M in Series-B Funding to accelerate global expansion.
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?? REGIONAL HIGHLIGHTS
UK ????
Monument Bank in talks to raise ￡???????? ahead of Nasdaq IPO. The British-based lender has already raised about ￡135m from blue-chip investors since it launched in 2019. It has now secured roughly ￡30m of the ￡200m Series C financing it wants to raise during this year.
HSBC Innovation Banking bets ￡30m on FinTech Clearscore. The funding will enable ClearScore to expand both its product offerings and the channels through which it reaches users. The bank has been recognized as a crucial strategic partner in helping ClearScore scale quickly and establish itself as one of the leading FinTech brands in the UK.
Kani Payments secures Investment from Maven Capital Partners. The combined investment will be used to further develop Kani’s highly scalable platform, grow its team, and support international expansion with increasing digitisation in financial services, alongside greater global safeguarding regulations.
EUROPE ????
BitDCA raises €7.6 million to bring Bitcoin to the masses one purchase at a time. The company plans to use the funds to expand globally, starting with the EU, and later into LATAM and ASEAN regions. Read more
USA ????
Chime has confidentially filed to go public this year. If it were to go public today and receive a valuation in line with its peers, it could be worth $9.9B—less than one half of what they saw in the private markets, according to F-Prime. Read on
Metronome, usage-based billing startup, raises $50 million Series C. This round brings the company’s total capital raised to $128 million. The company plans to use the investment to expand its billing solutions for SaaS (Software as a Service) businesses.
LATAM
WalletConnect Foundation secures $10 million in oversubscribed token sales, including 11-second sellout on Echo. The funds will enable the foundation to expand operations, grow its team, and support ecosystem initiatives benefiting developers, node operators, and strategic partners.
ASIA
PhonePe, India’s payments FinTech backed by Walmart, has begun preparations for a public listing on Indian stock exchanges. This move makes PhonePe the third major FinTech to go public in the country in the past 5 years. Continue reading
FinTech Flow48 secures $69M Series A to expand into Saudi Arabia. With this new funding, Flow48 plans to expand its presence in its two primary markets and introduce its solution in Saudi Arabia, the largest economy in the MENA region, which has a significant but underdeveloped SME ecosystem.