#DoneDeal FinTech | 2022 #16
Weekly news up to Friday, April 22nd, 2022
REPORT
After an unprecedented run-up, venture funding to Latin American startups fell in the first quarter of this year.
👉Read the full article by Joanna Glasner here.
👀 NEWS HIGHLIGHT
PayU, the payments, and fintech business of Prosus, announced its investment in Treinta, the super-app that aims to digitalize Latin American SMEs by providing a broad range of services, including accounting, inventory management, and trading solutions.
👉 Read the full article here.
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📰 ARTICLE
In this post, Andreessen Horowitz cover the most common questions we hear, starting with the basics of how debt works, before breaking down the different debt options available at different stages and the current ecosystem of lenders.
👉 Read the full article here.
👨💻 BLOG
Wells Fargo’s Jeff Cantwell says the time to buy fintech stocks is now—14 of them. Link here.
💡INSIGHTS
The first quarter of the year has kicked off slowly for fintechs as funding fell 18 percent quarter on quarter to $28.8bn, despite deals reaching a record high. Link here.
🦄 UNICORN CLUB
Voyager Innovations raised US$210 million in new funds, vaulting it to unicorn status with a valuation of approximately US$1.4 billion. Link here.
💰 VC FUNDS
The founder of Argentine fintech Ualá, Pierpaolo Barbieri, is launching a venture capital firm that has raised $30 million from a roster of investors. Link here.
Impression Ventures, a Toronto and Montreal, Canada-based venture capital firm, raised $64m for its fourth Fintech fund. Link here.
Venture capitalists are raising records amounts of money, and that boom is partly driven by crypto-centric firms like Framework Ventures. Link here.
FinTech continues to be the gift that keeps on giving to Europe’s founders. They had VCs filling their coffers to the tune of $8.6bn in Q1, making it the most lucrative sector — a trend we also saw in every quarter of 2021. Link here.
After raising €5.5m in London last year, Vauban co-CEO and co-founder Rémy Astie opened an office in Luxembourg. Link here.
Atomico is announcing its fourth angel programme — and this one, it says, is going to be very different from its previous efforts. Link here.
BNP Paribas has made its first investment in a fintech venture capital fund run by Anthemis. Link here.
AngelList founders can now see what terms similar companies have used and create SAFEs quickly. Link here.
Creative Juice announced its $50 million fund to underwrite creator businesses. Link here.
SoftBank Latin America Fund is replacing two top executives as Paulo Passoni and Shu Nyatta are leaving the Japanese conglomerate. Link here.
🤝 M&As
Thunes has paid $20 million for a majority stake in local anti-money laundering and compliance technology company, Tookitaki. Link here.
Synovus Bank announced that it has signed an agreement to strategically invest in Qualpay resulting in a 60% ownership interest. Link here.
Brex has acquired Y Combinator-backed Pry Financials for $90 million. Link here.
Pace signed an agreement to acquire the assets of Rely a competing fintech startup offering BNPL services for an undisclosed sum. Link here.
Robinhood has agreed to buy Ziglu. Link here.
Iceberg Finance Inc. confirmed its acquisition of iFinance Canada. Link here.
🛳 PARTNERSHIPS
2C2P and Ant Group announced a strategic partnership to accelerate digital payment adoption and innovation. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Samir Desai raised a $30m round to launch a new fintech Super Payments. Link here.
⭐️ BBVA will invest a total of 15 million euros in Leadwind. Link here.
⭐️ Q1 2022’s funding and M&A highlights in cross-border payments. Link here.
⭐️ Last week, €422m were raised across 10 FinTech deals. Link here.
UK 🇬🇧
Pillar raised a pre-seed round of £13m led by Global Founders Capital and Backed VC. Link here.
SEON nabs $94 million to power online fraud prevention. Link here.
Wagestream has closed a $175 million Series C funding round. Link here.
Leatherback has raised $10 million in a pre-seed round. Link here.
Paul Rippon has led an angel investing round of £275,000 for new fintech OnLadder. Link here.
EUROPE 🇪🇺
Qonto raised €5 million in just 6.5 hours on the crowdfunding platform Crowdcube. Link here.
Flow has raised €3.5 million in a seed investment round. Link here.
Tangany raised €7m in the seed round led by Nauta Capital. Link here.
Dimply has just raised €1m in seed funding and signed its first commercial deal. Link here.
Zevoy raises €15m Series A. Link here.
Montonio has raised €11 million in a Series A funding round. Link here.
Payaut has just scored €8 million in seed funding. Link here.
USA 🇺🇸
FundGuard has raised $40 million in a Series B funding round. Link here.
The Sandbox is considering raising fresh funds at a valuation of more than $4 billion Link here.
Capital On Tap has secured a $200m funding facility with HSBC and Värde Partners to expand its lending in the US. Link here.
Slope announced a new round of funding, $24 million in Series A financing. Link here.
Ugami raised $4.8M in Seed funding. Link here.
Splitero secured $5.8m in seed funding. Link here.
Formations closed an $8m Series A funding. Link here.
CANADA
QuadFi has signed an agreement with Crayhill Capital Management for a new financing facility worth $100 million (CAD 127 million). Link here.
Requity Homes raised $1.2M in Pre-Seed funding. Link here.
LATAM
NovoPayment raised its first venture round in 15 years to expand its full-stack banking API platform. Link here.
iugu raised (US$21.3)R＄100 million through a receivables investment fund (FIDC). Link here.
Stark Bank has received a $45 million investment led by Ribbit Capital. Link here.
ASIA
Themis announced it has secured $9M in seed investment to solve compliance and risk challenges stemming from cross-sector and cross-border partnerships. Link here.
Abhi Pvt. raised funds at a $90 million valuation within a year after introducing its business. Link here.
CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding. Link here.
SadaPay raised additional funds to become the nation’s highest-funded fintech. Link here.
JULO announced that it has secured US$80 million funding from Credit Saison. Link here.
AUSTRALIA 🇦🇺
Archa raised $24 million in a pre-Series A investment round. Link here.
AFRICA
Umba has raised $15 million in a Series A funding round. Link here.
Union54 raised $12 million in a seed extension round to further its goal of offering an alternative to major card companies. Link here.
Etap raised $1.5M in Pre-Seed funding. Link here.
Union54 raises $12M led by Tiger Global. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.