#DoneDeal FinTech | 2022 #35
Weekly Funding news up to Friday, September 2nd, 2022
REPORT
Great tech companies often arise from challenging market conditions.
👉 Read Silicon Valley Bank’s new State of the Markets report for a look at why the 2022 downturn could spur a wave of innovation here.
😎 SPONSORED CONTENT
Unlock the power of open finance in Latin America
Connect your app to your users’ financial data in the easiest and most secure way through a single open banking API. Turn data into valuable insights to build next-generation products.
📊 INFOGRAPHIC
In H1 2022, fintech was the preferred industry for startup investors in the United Arab Emirates (UAE), accounting for 34% of total capital during the period and 22% of transactions, a new report by Magnitt and the Emirates Development Bank (EDB) shows.
👉 Read the full Fintech news Middle East article here.
💡INSIGHTS
Last week a total of €65m was raised across 6 European FinTech deals.
👉 Read the full BlackFin Tech article by Régis Bouyoux here.
🎤 PODCAST
Rex Salisbury is the Founder of Cambrian and GP of Cambrian Ventures. Rex is a key figure in the Fintech ecosystem, having started Cambrian as a product meetup in 2015 and ultimately growing it into a community of 15,000 newsletter subscribers, 5,000 meetup members, 1,300 founders, and now an early-stage venture fund.
👉 Link to the full Rebank episode here.
💰 VC FUNDS
Meet the 5 most active venture capital firms in crypto. Link here.
🤝 M&As
Unicorn Carta has acquired Capdesk for an undisclosed sum. Link here.
Siam Commercial Bank nixes $500m Bitkub acquisition. Link here.
Zuora to acquire UK’s Zephr for £37m. Link here.
Wealth tech firm Infront acquires Assetmax. Link here.
Haru invest acquires MBS Licence from Fincen to offer crypto management in US. Link here.
Republic completes acquisition of UK’s private investment platform Seedrs in $100M deal. Link here.
🛳 PARTNERSHIPS
Moneyflow partnered with Aion Bank to enable up to €250 millions of asset-backed debt funding. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Jupiter Fund Management looks to sell its stake in Starling Bank. Link here.
⭐️ Solid banks $63M for easier deployment of embedded fintech products. Link here.
⭐️ Initialized Capital founder Garry Tan will become president and CEO of Y Combinator next year. Link here.
⭐️ SubsBase raises $2.4M for its subscription and recurring revenue management platform. Link here.
UK 🇬🇧
Capitalflow secures €10M. Link here.
Oxbury Bank lands £25m in Tier 2 capital funding. Link here.
Ryft secures £1.2M to unify payment platforms for marketplace businesses. Link here.
EUROPE 🇪🇺
topi scores €44.8 million to unlock seamless subscription-based transactions for retailers and manufacturers. Link here.
Billogram scores €15M for its next-gen invoicing platform for businesses. Link here.
Justhome raises €3.3 million. Link here.
USA 🇺🇸
Bitcoin Depot strikes $885 million SPAC deal to go public. Link here.
As a Stripe investor cuts the value of its stake, more evidence of FinTech valuation pressure. Link here.
Nitra raised $62 million in a mix of equity and debt capital. Link here.
Web3 credit scoring start-up Spectral raises $23m. Link here.
Landa can make you a landlord with just $5. Link here.
Alloy leans on fraud prevention to land new $1.55B valuation. Link here.
TimePayment closes on $375M credit facility. Link here.
LATAM
Latú Seguros raised $6.7m in its pre-seed funding round. Link here.
Plerk lands $12M investment led by SoftBank Spinoff Upload Ventures. Link here.
Rappi Mafia raises $6.7M pre-seed round. Link here.
Caju secured a $25 million Series B round. Link here.
ASIA
SolanaFM raises S$6.3 million seed funding. Link here.
EarlySalary raises $110 M in Series D. Link here.
Lightnet raises US$50 million to bolster blockchain-powered remittances. Link here.
RABC Group raises US$6.7 million in series A led by Japan’s SBI Group. Link here.
Banco raised US$6.7 million in a series A funding round led by Japan-based SBI Group. Link here.
Tortoise raises funding from Swiggy, ZestMoney. Link here.
MIDDLE EAST
Stake raises $8 million to let people across the globe invest in local properties. Link here.
AFRICA
Pezesha raises $11M backed by Women’s World Banking. Link here.
Grey raised a $2 million seed round. Link here.
Anchor comes out of stealth with $1M+ to scale its banking-as-a-service platform. Link here.
Duplo gets $4.3M seed funding. Link here.
MOVERS & SHAKERS
Identity (iPiD) appointed Alain Raes, a long-time payments industry expert, and former SWIFT executive, as its Chief Commercial Officer. Link here.