#DoneDeal FinTech | 2022 #19
Weekly news up to Friday, May 13th, 2022
REPORT
👉 Check out this month's FT Partners’ FinTech Deal Activity here.
👀 NEWS HIGHLIGHT
Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn.
👉Read the full Money Control article here.
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📊 INFOGRAPHIC
The COVID e-commerce bubble has officially burst, based on Q1 performance data coming into the market this month.
👉 Read the full Flagship Advisory Partners source article by Joel Van Arsdale and Pedro Giesta here.
📰 ARTICLE
💬 INTERVIEW
Investors have been reducing valuations of Latin American startups during the global stock market rout, said Sergio Furio, founder of unicorn fintech Creditas.
👉Read the full article here.
💡INSIGHTS
Fintech becomes favoured investment focus in MENA. Link here.
👉Read the full fintechnews middle east article here.
🦄 UNICORN CLUB
Talos has raised $105 million in a Series B round as it plans global expansion. Link here.
💰 VC FUNDS
Index Ventures is opening an office in New York. Link here.
Fasanara rolls out a $350 million VC fund to back fintech and crypto startups. Link here.
Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its latest VC fund. Link here.
🤝 M&As
KeyBank announced that it acquired GradFin. Link here.
Checkout.com announced its intent to acquire IDV startup, ubble. Link here.
Yapily is announcing that it plans to acquire finAPI. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Tesseract is set to raise $30 million in pre-seed funding. Link here.
⭐️ Is the US$10bn Decacorn the new Unicorn for Fintechs? Link here.
⭐️ Last week, €330m was raised across 14 FinTech deals. Link here.
⭐️ BVNK grabs $40 million for its crypto banking services. Link here.
⭐️ Three funds of Cathie Wood’s Ark Investment Management bought a combined total of 546,579 shares of Coinbase Global. Link here.
⭐️Token.io, announced it has raised $40m in a Series C funding round. Link here.
UK 🇬🇧
Revolut has ruled out going public in 2022 amid the slowdown in the global IPO market. Link here.
SaaScada has raised £2.5 million to enable smaller financial providers. Link here.
Stanhope Financial Group raises USD10M in series funding. Link here.
Paddle raises $200m to supercharge SaaS companies' global growth. Link here.
London has raised more FinTech investment than any other hub. Link here.
EUROPE 🇪🇺
Fairnance has raised an undisclosed amount in its Seed round of funding from Maydan Capital. Link here.
Bnext has announced a total investment of $10 million to complete its token sale. Link here.
Klarpay AG raises CHF 3M to accelerate growth. Link here.
USA 🇺🇸
The BNPL crackdown hasn’t crushed Walnut and its latest $110M Series A. Link here.
Backflip raises $35M in funding. Link here.
Lev raised $170M in funding. Link here.
Paper raises $9.3M in seed funding. Link here.
Infinicept raises $23M to accelerate software-led payments. Link here.
Deserve secures $250M credit facility from Goldman Sachs, Cross River and Waterfall Asset Management. Link here.
Ness raises $15.5M in seed funding. Link here.
TIFIN raises funds at $842 mln valuation. Link here.
LATAM
Investments in Latin American startups drop 35% in April compared to 2021. Link here.
YoCripto rewards of up to 3% on every purchase, secured a $4 million seed funding round. Link here.
Mentum raised $4.2M led by Gradient Ventures. Link here
Dock closes on $110M in funding, now valued at over $1.5B. Link here.
Habi gets $200 million in series C round. Link here.
ASIA
Synqa raised $120 million and it valued the company at close to $1 billion. Link here.
The Malaysian fintech industry boasts a wide and diverse ecosystem comprising more than 230 companies. Link here.
BharatX has bagged $4.5 Mn in its seed round. Link here.
CoverGo raises $15M in series A funding. Link here.
KuCoin hits $10bn valuations with new $150m funding round. Link here.
MIDDLE EAST
Mashreq Bank announced a $10 million investment in Cashew. Link here.
Paymob has raised $50 million in Series B funding. Link here.
AUSTRALIA 🇦🇺
AgriDigital has closed a $17.4 million investment round. Link here.
AFRICA
MARA raises $23M to build Africa’s portal to the crypto economy. Link here.
Interswitch receives a $110M investment. Link here.
