#DoneDeal FinTech | 2022 #18
Weekly news up to Friday, May 06, 2022
👀 NEWS HIGHLIGHT
It’s an exciting time to start a fintech startup in LatAm, with 39% of the VC funding dedicated to that sector. The vast pour of capital minted six new fintech unicorns in 2021.
👉Read the full Latinometrics article here.
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📰 ARTICLE
Last week, €499m was raised across 15 FinTech deals.
👉Read the full BlackFin Capital Partners article by Romain Grimal here.
💬 INTERVIEW
There’s no shortage of FinTechs claiming to build a more inclusive, mission-driven FinTech platform for lower-income individuals.
“The champions of people creating products? They were never themselves in financial harm the way I was or my family was,” said Akshay Krishnaiah, the founder and CEO of Line.
Read the full TechCrunch article here.
🦄 UNICORN CLUB
Google-backed neobank Open Financial Technologies becomes unicorn with new funding. Link here.
Neo turns unicorn with US$185M funding. Link here.
💰 VC FUNDS
Bunsen Education secures £250k Pre-Seed investment from investors including Fuel Ventures. Link here.
Antler is opening its first office in Latin America. Link here.
USV has raised $275 million for its eighth early-stage fund and $350 million for its fourth opportunity fund. Link here.
Hetz Ventures closes the third fund of $123M to focus on DevOps tools. Link here.
rali_cap gets backing from global VCs and launches $30M fintech fund for emerging markets. Link here.
🤝 M&As
Signicat has acquired company Sphonic for an undisclosed sum. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️LHV Group has invested €1 million in Tuum, its core banking platform supplier. Link here.
⭐️ Kard announced that it has raised a $23 million Series A round led by Tiger Global. Link here.
⭐️ What happened in FinTech in Q1 2022? Link here.
⭐️ This week’s 65 Financing and 25 M&A transactions. Link here.
⭐️ India is now home to 🦄 𝟭𝟬𝟬 𝘂𝗻𝗶𝗰𝗼𝗿𝗻𝘀. Link here.
UK 🇬🇧
First AML lands £15.6m Series B and makes its UK debut. Link here.
Revolut refuses to go public in 2022 amid a slowdown in the global IPO market. Link here.
EUROPE 🇪🇺
Venly has secured over €21m ($23m) in Series A funding, to scale its web3 strategy. Link here.
Flexee has raised €2.8m in funding. Link here.
kevin. has raised $65m for its Series A funding round, which comes six months after its $10m seed round. Link here.
Scalapay raised $27M in its Series B extension round of funding. Link here.
USA 🇺🇸
Cogni is joining the ranks of companies hopping on the crypto bandwagon. Link here.
PayByCar has announced the completion of a $4 million seed round of funding. Link here.
Techstars closed a new pre-seed fund that will invest in underrepresented founders of color in the U.S. Link here.
JustiFi raised $4 million in additional financing, bringing its total seed funding raised to $10.6 million. Link here.
Afriex raises $10 million for its Blockchain money transfer platform. Link here.
Point raised $115 million in Series C funding. Link here.
Cheq has raised $2 million in funding. Link here.
Amberdata raises $30M to chase the ‘unlimited opportunity of bringing traditional finance into web3. Link here.
Masa Finance raises $3.5M pre-seed funding. Link here.
LATAM
Ribon has built a platform that offers to donate to a charity without taking money out of their pocket. Link here.
UME snags $10 million to boost its BNPL solution across the country. Link here.
ASIA
Finbots.AI has raised a successful Series A round of USD 3 Million. Link here.
Optty has emerged from stealth with $9 million in funding. Link here.
Chenghe Acquisition raised $100 million by offering 10 million units at $10. Link here.
MIDDLE EAST
Financepeer raises $31m in Series B round. Link here.
Kaleidofin closes the latest funding round at $15 million. Link here.
AFRICA
African start-ups set up a new record in the first quarter of the year (2022) by raising over US$1.8bn. Link here.
