#DoneDeal FinTech | 2022 #24
Weekly Funding news up to Friday, June 17th, 2022
👀 NEWS HIGHLIGHT
For all of you startup founders that are looking for inspiration while fundraising!
Check out these 44 pitch decks fintechs disrupting trading, investing, and banking used to raise millions in funding.
👉 Read the full article here.
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📊 INFOGRAPHIC
Mambo, Eastern Africa?
Eastern Africa attracted 23% of the funding raised by start-ups in Africa since 2019, 84% of which have gone to Kenya alone.
You can find more stats and figures in Max Cuvellier ’s article 👇
📰 ARTICLE
Klarna is considering raising fresh funds at a significantly lower valuation than it achieved a year ago. The Swedish firm is in talks with investors about a deal that could value the company at around $15 billion.
This is less than it was seeking just last month when The Wall Street Journal reported Klarna was in talks to raise up to $1 billion at a low $30-billion-range valuation.
👉 Read the full article here.
💡INSIGHTS
Indonesia’s most well-funded Fintechs.
👉Read the full article here.
💰 VC FUNDS
The Cairo Angels Syndicate Fund has invested an undisclosed amount in Y-Combinator and Google-backed Nigerian fintech CredPal. Link here.
Launch Africa Ventures is announcing the close of its $36.3 million fund, which it has primarily used to invest in B2B and B2B2C startups across Africa. Link here.
Sequoia Capital launches $850m dedicated fund for SEA. Link here.
🤝 M&As
Uncapped acquires app funding platform Sugar. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ NFT App Floor secures $8 million in series A Funding. Link here.
⭐️ Kinly officially launched and announced $15 million in Series A funding. Link here.
⭐️ As inflation rises and companies brace for the worst, once-promising neobanks are being forced to face the music. Varo Bank, the first neobank to be granted a U.S. bank charter, recently revealed that it could run out of cash by the end of the year. Link here.
⭐️ Upvest raises $42 million in Bessemer-led round, lays the groundwork for international expansion. Link here.
UK 🇬🇧
Swoop has raised £5.4m in a Series A funding round to accelerate international expansion and help more companies to access an array of financing options. Link here.
Gen-Z super-app Cleo hits $500m valuation despite the tech downturn. Link here.
EUROPE 🇪🇺
Cryptio has raised $10 million in Series A funding for its enterprise crypto back-office platform. Link here.
JUST has raised €3M in its first funding round. Link here.
Pile has raised €2.8m in pre-seed funding round. Link here.
Azimut leads $17 million investment round for fintech firm young platform. Link here.
Bits of Stock has raised $4.4 million in seed funding from Keen Venture Partners and Yellow Accelerator by Snap. Link here.
Amnis closed series-A funding round of CHF 8.6 million. Link here.
USA 🇺🇸
Ivella is the latest fintech focused on couples banking, with a twist. Link here.
Proper raises $4.3M seed round to help other fintechs wrangle data. Link here.
KEO World Inc. announced the closing of a $20 million growth equity round. Link here.
Cube has raised $30 million in a Series B funding round led by Battery Ventures. Link here.
CANADA
CapIntel caters to three of Canada’s Big Five Banks and some of the country’s largest wealth and asset management firms. Now it wants to tackle the United States (US) market. Link here.
CapIntel secures $11m to boost growth. Link here.
LATAM
The global funding boom in 2021 was unlike anything most of us have ever seen before. While countries all over the world saw surges in venture capital investments, Latin America in particular saw a massive bump in dollars invested. Link here.
Destaxa raises $3.1 million seed round. Link here.
ASIA
Flip has closed a $55 million Series B extension round led by Tencent with participation from Block and existing backer Insight Partners. Link here.
TripleA announced that it has secured US$4 million in funding from Razer’s corporate ventures arm, zVentures. Link here.
MIDDLE EAST
The International Finance Corp. is open to investing and supporting the fintech sector in Saudi Arabia, as it eyes to expand its existing portfolio worth $8 billion invested in the Kingdom, said a top official. Link here.
CWallet has successfully closed its Pre-Series A investment round at $875,000. Link here.
Param, reached the valuation of $200 million in its first investment round. Link here.
AFRICA
MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.