NCR Voyix Finalizes $2.4B Digital Banking Sale To Veritas Capital, Rebrands As Candescent

WEEKLY FUNDRAISING ACTIVITY

• Last week, we saw 14 official FinTech deals in Europe, raising a total of €216.3 million, with 4 deals in the UK, 2 deals in Germany, 2 deals in France, 1 deal in Italy, 1 deal in Spain, 1 deal in Liechtenstein, 1 deal in Estonia, 1 deal in Poland and 1 deal in Austria .

?? NEWS HIGHLIGHT

• Woolsocks The Money App Expands Financial Ecosystem with Acquisition of Loyalty App OK .

Woolsocks AG has acquired loyalty app OK, expanding its financial ecosystem across Europe. This move enhances Woolsocks' financial super-app by integrating OK’s features, benefiting over 5 million users with improved savings and brand engagement tools, while offering retailers advanced data insights for targeted marketing campaigns.

Woolsocks AG, founded by the Dutch creators of online broker DEGIRO, has announced the acquisition of the loyalty app OK, marking another significant milestone in its strategic expansion across Europe. This acquisition, following Woolsocks' recent purchase of Data & Insights company Hiiper, strengthens Woolsocks’s position as a leading financial super-app, enhancing its money management and saving tools.

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

?? NOTABLE FUNDING ROUNDS

?? Mastercard acquires subscription management specialist Minna Technologies.

?? NCR Voyix Finalizes $2.4 Billion Digital Banking Sale to Veritas Capital; Rebrands as Candescent.

?? Top 10 European FinTech Deals .

?? Jakarta-based InsurTech Rey secures $3.5m funding round .

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?? REGIONAL HIGHLIGHTS

UK ????

London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake. This move is expected to bolster Freetrade’s domestic operations , and comes as British retail investment platforms as a whole are facing heated competition from Robinhood.

EUROPE ????

Mifundo lands €10M to revolutionise cross-border lending with AI. The funds will be used to develop a cross-border data platform for portable credit profiles across the EU . The company aims to create a unified EU credit market, reducing financial inequality and improving access to financial services for all European citizens.

USA ????

Lightspeed Venture Partners is raising money for three new funds that could total around $?? ??????????????, according to a person who has discussed the fundraising with the firm’s partners. It’s the latest firm seeking to raise billions after a period when institutional investors pulled back from venture capital.