#DoneDeal FinTech | 2022 #36
Weekly Funding news up to Friday, September 9th, 2022
REPORT
European venture capital valuations landed higher than expected in the first half of 2022, rising across all stages from last year's figures.
👉 Read the full Data's Q2 2022 European VC Valuations Report by PitchBook here.
👀 NEWS HIGHLIGHT
PayRetailers, the leading payment specialist in Latin America, today announced the acquisition of Asamblo, a leading company in the development of digital solutions for the financial sector.
With the signing of the agreement, all of Asamblo's talent will become part of PayRetailers' internal workforce, expanding its IT project management capabilities and adding to its expertise across the region.
👉 Read the full Newswires article here.
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📊 INFOGRAPHIC
German FinTech funding is projected to reach $4.2bn in 2022, a 34% drop from 2021 levels where investment peaked at a record-breaking $6.4bn.
👉 Read the full Fintech Global article here.
🧐 ANALYSIS
Seed investors back a wide variety of FinTech companies in Spain during the first six months of 2022.
👉 Read the full Fintech Global article here.
💡INSIGHTS
Last week €75.3m, was raised across 9 European FinTech deals.
👉 Read the full BlackFin Tech article by Régis Bouyoux here.
🦄 UNICORN CLUB
Wayflyer secures $253M for its eCommerce growth platform. Link here.
💰 VC FUNDS
Panache Ventures closes $100 million for the second fund. Link here.
🤝 M&As
PostEx acquires Call Courier to become Pakistan’s largest e-commerce service provider. Link here.
The Competition Commission of India cleared PayU’s $4.7 billion acquisition of online payments firm BillDesk. Link here.
Bango acquired the global payments business of mobile operator NTT DoCoMo for only €4 million in cash. Link here.
IppoPay acquires risk management startup Tutelar. Link here.
Aquila acquies Cibar Inc. Link here.
Unicorn Ualá acquires Ceibo Créditos. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ ArK Kapital is announcing a follow-on raise of €15m at a valuation three times higher than it had at its seed round six months ago. Link here.
⭐️ R2 reached a US$100M valuation following a US$15M Series A round. Link here.
⭐️ Check out Financial Technology Partners / FT Partners's overview of all FinTech Financing Transactions in August. Link here.
EUROPE 🇪🇺
Finland’s Ministry of Finance has dished out €3 million to the Findynet Cooperative – a group of FinTech and financial institutions – to develop a common digital identity network. Link here.
Tesseract raised a $78m round led by Balderton and Lakestar. Link here.
USA 🇺🇸
Mesh Payments closes on $60M as demand for its corporate spending offering surges. Link here.
AtoB announces $155M Series B fundraising round. Link here.
LATAM
Pagaleve raised a $25 million Series A led by Salesforce Ventures. Link here.
Clip secures a US$50M credit facility. Link here.
Credix raises $11 million in Series A round. Link here.
Plurall raised $20 million in debt financing from Fasanara Capital. Link here.
ASIA
AdiWisista raised US$1.8 million in new capital, bringing its valuation to US$10 million. Link here.
FinAGG raises $3 million in pre-series A funding. Link here.
Be Group secured a loan facility of approximately US$60 million from Deutsche Bank with the option to increase the financing up to US$100 million. Link here.
Versa Asia secured an 8-figure funding round. Link here.
GroMo raised US$11 million in a series A funding round led by SIG Venture Capital. Link here.
Asia-Pacific logs record $41.8 bn in fintech investment in 2022 1st half. Link here.
Antler raised the US $2.5m in a pre-seed funding round. Link here.
AUSTRALIA 🇦🇺
OIF Ventures raises oversubscribed $140m VC fund. Link here.
AFRICA
NowNow Digital Systems raised 13 million dollars in its seed round to improve financial inclusion across Africa. Link here.
If you are a fintech startup and have over 100 questions, send me an email. Maybe I can answer a few.