#DoneDeal FinTech | 2022 #37
Weekly Funding news up to Friday, September 16th, 2022
REPORT
Global FinTech investments in H1 2022 recorded $107.8B with 2,980 deals.
👉 Download the full kpmg “Pulse of FinTech H1’22” report by Anton Ruddenklau here.
👀 NEWS HIGHLIGHT
InvestSuite, an international B2B InvestTech/WealthTech company, announced the completion of a €6 million Series A investment round, bringing the total raised to €15 million since inception.
👉 Read the full InvestSuite article here.
😎 SPONSORED CONTENT
Privacy Lock is #1 in CCPA and privacy compliance for financial service providers. Discover how Privacy Lock can protect your business and your customers at www.pentaprivacylock.com
📰 ARTICLE
When DolarApp founders Zach Garman, Álvaro Correa Gallardo, and Fernando Terrés were living in the United States and Europe, they would spend time in Latin America, where they saw problems that friends were having when it came to finances and access to banking in dollars.
So the three ex-Revolut employees started thinking of a way to provide that access to dollars and even cryptocurrency.
👉 Read the full Techcrunch article by Christine Hall here.
👨💻 BLOG
Afridigest Equity Fundraising Table: Big week for FinTech👇
💡INSIGHTS
Overall there were 26 FinTech seed deals across Latin America in the second quarter of the year with Brazilian companies taking the biggest share with nine deals, or 35% of all deals at that stage.
👉 Read the full Global Fintech article here.
🧐 ANALYSIS
Last week €104m, was raised across 18 European FinTech deals.
👉 Read the full BlackFin Tech article by Régis Bouyoux here.
💰 VC FUNDS
Viola is raising $100-150 million for a new fintech fund. Link here.
Revo Capital invests in Bumper, a “buy now, pay later” solution for vehicle repair. Link here.
🤝 M&As
FNZ has agreed to acquire DIAMOS AG. Link here.
JPMorgan Chase & Co. acquire payments from fintech Renovite Technologies Inc to help it battle Stripe and Block. Link here.
Aurora Payments acquired fellow paytech firm One Payment. Link here.
Fitch Group announces agreement to acquire dv01. Link here.
PayU buys colombian epayments company, Ding. Link here.
Pay360, is to be sold to Access PaySuite for £156million. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Northzone raised a new €1bn fund — its largest to date, and one of the biggest raised in Europe this year. Link here.
⭐️ Coinbase Ventures back $11m round of Indonesian crypto exchange. Link here.
⭐️ Check out Business Insider’s Seed 50: The best of Europe's early-stage investors. Link here.
⭐️UK fintech investment falls to $9.6bn. Link here.
UK 🇬🇧
SteelEye secures $21 million in a series B funding round. Link here.
Ruleguard received a £3.5m investment from Foresight Group. Link here.
Claimer raised a $4.2m seed round led by Project A. Link here.
Freetrade smashes £1m raised from existing investors as crowdfunding campaign opens. Link here.
EUROPE 🇪🇺
Bits Technology closed a €1 million pre-seed funding round to rethink and, ultimately, reshape how global fintech builds financial services. Link here.
Rosaly raised $10M in new funding which is $7.5M in equity and $2.5M in debt. Link here.
MAJORITY raised $37.5 million in fresh funding. Link here.
Candis raised $16 million in its latest funding round. Link here.
USA 🇺🇸
JPMorgan weighs investment in fintech startup Yapily. Link here.
Stack banks $2.7M to teach teens, and parents about crypto. Link here.
Kafene raised $18 million in a Series B funding round. Link here.
Power raises $316m funding. Link here.
Splitit raised A$10.5 million in private placement capital funding. Link here.
Payall Payment Systems, Inc., closed a $10 million seed round led by Andreessen Horowitz (a16z). Link here.
Harry & Meghan-backed fintech Ethic raises $50m. Link here.
CANADA
After a record-breaking year in 2021, investment in Canadian fintech dropped by more than 50% in the first six months of 2022. Link here.
LATAM
Efinti raises USD 1M to expand into Mexico. Link here.
Finaktiva raises $25 M to strengthen its financial services to SMEs. Link here.
Ubii raised $4.5 million in a funding round. Link here.
Prestamype raised US$2M to improve access to credit. Link here.
Ventu announces its pre-seed round to facilitate international trade for SMEs in Latam. Link here.
ASIA
Carrot raised $250m in a round led by Affirma Capital. Link here.
BillEase raises US$20m debt facility from Helicap. Link here.
StashAway raised an undisclosed amount of new funding that includes a strategic investment from Hamilton Lane. Link here.
Neem raises $2.5M to serve underbanked communities with its embedded finance platform. Link here.
Fazz raises $100M Series C to serve businesses of all sizes. Link here.
Singapore is poised to become a wealthtech powerhouse. Link here.
MIDDLE EAST
liwwa closes $18.5 million pre-Series B round. Link here.
Fimple raised $3m worth of investments in a pre-seed tour to grow its BaaS solutions. Link here.
AFRICA
Kippa raised $8.4M in a new financing round. Link here.
Bitmama closes $2M pre-seed as it scales to new markets. Link here.