#DoneDeal FinTech | 2022 #26
Weekly Funding news up to Friday, July 1st, 2022
👀 MONTHLY RECAP
📊 INFOGRAPHIC
Only 7% of founders at Europe’s future unicorns are women, according to the ranking of 100 VC-backed, B2B European future unicorns published by Sifted.
👉Read the full source article here.
😎 SPONSORED CONTENT
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👨💻 BLOG
📰 ARTICLE
In May, S&P Global reports that since 2012, only 3 deals by Banks surpassed $1 billion in deal value, whereas in 2021 alone, a total of 16 FinTech deals worth over $1 billion were made by FinTech firms and private equity investors.
👉Read C-Innovation's “Value Creation for Banks, FinTechs and Non-FinTechs through FinTech M&A“ article by Isabel Richardson here.
👨💻 BLOG
With a total of $4.2bn (41% of the total), Western Africa is by far the region that has attracted the most funding since 2019.
💡INSIGHTS
🇪🇺Europe is a FinTech epicentre🚀
👉Read the full source article here.
🦄 UNICORN CLUB
Zilch announced it has secured an additional $50m in funding, taking the total raise for its Series C to $160m. Link here.
💰 VC FUNDS
A look into how Conversion Capital plans to back fintech and infrastructure startups out of its new, 6x larger fund. Link here.
Greenfield Partners closed new investment funds totaling $350m. Link here.
MassMutual Ventures announced that its U.S.- based team has launched a new fund. Link here.
Antler has closed three pre-seed investments of €100,000 each as part of its Dutch portfolio expansion. Link here.
OP Crypto is raising $100 million for its new investment, dubbed “Fund of Funds”. Link here.
🤝 M&As
Glia has acquired Finn AI, the artificial intelligence-powered chatbot platform for banks and credit unions. Link here.
Pine Labs announced that it is acquiring Bengaluru-based API start-up Setu. Link here.
SETL has been acquired by Turkey-based fintech Colendi. Link here.
NerdWallet is to acquire On the Barrelhead, Inc.. Link here.
Funding Societies is acquiring CardUp for an undisclosed amount. Link here.
iBanFirst has acquired UK currency exchange outfit Cornhill. Link here.
Funding societies Inks Deal to acquire CardUp. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Taavet Hinrikus and Ian Hogarth launch €250m VC fund. Link here.
⭐️PolySign has raised $53 million in a Series C funding round. Link here.
⭐️Sifted has obtained a copy of an email sent by Bernard Liautaud, managing partner at Balderton Capital, outlining the firm’s view on the economy and market correction and giving his guidance to startup leaders. Link here.
⭐️Last week, €530m was raised across 13 FinTech deals: Congratulations to the British unicorn SumUp which raised a €295m venture round, followed by Playter with a €52m Debt & Equity round. Link here.
⭐️ Entrepreneur First closed its latest $158m round of funding. Link here.
UK 🇬🇧
Currensea has surpassed its crowdfunding target in under two hours, raising £1.35m from over 350 investors on Seedrs. Link here.
Debt resolution technology firm Ophelos has raised £5 million in a seed funding round led by AlbionVC. Link here.
EUROPE 🇪🇺
Flowdesk raises €28 million for its crypto trading solution. Link here.
Stoïk has raised €11m in a Series A round led by Andreessen Horowitz (a16z) to roll out its hybrid insurance. Link here.
4Trans has raised a €3m seed round. The company also raised €15m in debt as part of the round from Advance Global Capital. Link here.
WE.VESTR announced that it has raised €2.2M in a fresh round of funding. Link here.
USA 🇺🇸
Roxe is to go public via a $3.6 billion special purpose acquisition company (SPAC) deal. Link here.
Tapcheck announced a $20 million Series A led by PeakSpan Capital. Link here.
The Employee Stock Option Fund closed ESO Venture Fund V, LP, at $200m. Link here.
Spot raised $33m in funding. This included $25m in equity and $8m in debt. Link here.
Givebutter raised $7M in Seed funding. Link here.
OppZo announces over $260M in debt and equity funding. Link here.
Stake closed a $12m Series A financing round. Link here.
Neomoon closes $850K seed funding round. Link here.
OppZo raises $260M in seed funding to drive capital to Cćommunities from Harlem to Hawaii. Link here.
April has raised $30 million in a Series A round of funding with backing from Treasury. Link here.
LATAM
Wibond raises US$6 million in a financing round with which it will try to accelerate its expansion at the regional level. Link here.
MAYA Capital closes it’s second fund with $100M for early-stage Latin American startups. Link here.
ASIA
SafexPay brings to India facial recognition technology-based PayByFace payments system. Link here.
Google has invested in Progcap, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years. Link here.
AFRICA
Thepeer has raised a $2.1 million seed round led by the Raba Partnership. Link here.
BII announces $20m investment in mobility fintech Moove. Link here.