#DoneDeal FinTech | 2022 #20
Weekly Funding news up to Friday, May 20th, 2022
REPORT
2021 was a record-breaking year for the Baltic States’ startup landscape with a total of EUR 1.6 billion in capital raised.
👉Read the full article here.
REPORT
Harlem Capital’s inaugural 2021 Latin American Women Founders Fundraising Report analyzes the 128 Women (co-)founded startups that raised VC funding in 2021.
👉Read the full report by Gabby Cazeau and Zhenny Gong here.
👀 NEWS HIGHLIGHT
Nomad, a US banking account fintech focused on Brazilians, said Monday that it raised $32 million in an extension of a round led by the US venture capital fund Stripes accompanied by Monashees, Spark Capital, Propel, Globo Ventures, and Abstract.
With the round, the company is valued at $200 million.
👉Read the full article here.
😎 SPONSORED CONTENT
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📊 INFOGRAPHIC
Klarna was valued at $46 billion last June, would be worth about $30 billion under its latest plans.
👉Read the full article here.
📰 ARTICLE
Most venture capitalists at the seed stage don't invest in companies. Rather, they invest in people, who may have little more than an idea and a business plan scrawled on a cocktail napkin.
Read the full Business Insider article for the full Seed 100 list here.
💡INSIGHTS
Last week, €300m was raised across 10 FinTech deals.
Read the full BlackFin Tech article by Romain Grimal here.
🦄 UNICORN CLUB
Wayflyer secures €288.2M in debt financing from JP Morgan. Link here.
Xendit has raised $300 million in a Series D funding round, bringing its total amount raised to $538 million. Link here.
💰 VC FUNDS
A trio of PayPal Ventures alumni has raised $158 million for Infinity Ventures, a new early-stage venture firm dedicated to investing in fintech startups globally. Link here.
Nik Storonsky plans to launch his own venture fund, powered by artificial intelligence, to compete with “legacy” venture capital investors. He will himself invest, with other investors, around $200 million into the Quantum Light Capital fund. Link here.
Amex Ventures bets $5M on Trellis, which wants to make switching insurance providers easier. Link here.
Upfin raises €30m for early-stage Nordic fintech fund. Link here.
Barclays and Goldman Sachs have joined in a $70 million funding round in Elwood Technologies. Link here.
🤝 M&As
Square has acquired GoParrot, an all-in-one digital ordering and marketing platform for restaurants. Link here.
Experian Plc has agreed to acquire MOVA. Link here.
🛳 PARTNERSHIPS
Funding Circle has struck a new £1bn partnership with US-based Waterfall Asset Management. Link here.
in3 raises €81M and announces partnership with Mollie. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Tifin valued at $842M in new $109M Series D round. Link here.
⭐️ Moneybox has raised £6.25m in a crowdfunding round. Link here.
⭐️ Unit closes on $100M at a $1.2B valuation. Link here.
⭐️ RockFlow has completed a $10 million angel round to become “Robinhood of Asia”. Link here.
UK 🇬🇧
Thought Machine has doubled its valuation to $2.7bn. Link here.
Recognise Bank seals £8.7 million capital raise. Link here.
Modulr raised $108m in Series C funding round led by General Atlantic. Link here.
MarketFinance has topped up with £100 million in a debt raise from Deutsche Bank. Link here.
EUROPE 🇪🇺
Gain.pro announced that it has raised $10M in a fresh round of funding. Link here.
USA 🇺🇸
Sudozi announced new solutions to help finance teams automate workflows and improve spend decisions, as well as the close of a $4.3 million seed round. Link here.
Cushion closes $12 million series A to grow talent roster. Link here.
Altro has raised $18M to help you build credit just by paying for your Netflix subscription. Link here.
Deel has raised $50 million at a $12 billion valuation. Link here.
CertifID announced it received $12.5 million in a Series A funding round. Link here.
Arrived has raised $25 million in a Series A funding round to give people the ability to buy shares in single-family rentals with “as little as $100. Link here.
Keep Financial raised $9m in seed funding. Link here.
SpotOn has closed on $300 million in a Series F financing that values the company at $3.6 billion. Link here.
LATAM
Belo raises USD3 million in financing round. Link here.
ASIA
Jack Ma-led Alibaba and Ant Financials have sold their 43.32 percent stake in Paytm E-Commerce Pvt. Ltd. back to the company for just Rs 42 crore (around $5.6 million). Link here.
Zipmex invests in Thailand's Fintech firm Forward. Link here.
Fintech companies in the Asia-Pacific (APAC) region raised $3.33 billion over 186 deals in the first quarter (Q1) of 2022. Link here.
MIDDLE EAST
Pemo raises $12 million Seed round. Link here.