#DoneDeal FinTech | 2022 #40
Weekly Funding news up to Friday, October 7th, 2022
Last week €447m was raised across 16 European FinTech deals.
👉 Read the full BlackFin Tech article by Régis Bouyoux here.
REPORT
Check out Vauban from Carta’s “FinTech 2022 Trend Report” where they break down the most active investors for potential co-investors and strategy ideas, which segments of insurance tech are getting the most attention, and who are the top strategic acquirers in the space for potential portfolio exits.
👉 Read the full Vauban from Carta article here.
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💡INSIGHTS
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 article by FinTech Global here.
🧐 ANALYSIS
Speedinvest, which invests in early-stage tech startups across Europe, was the most active FinTech investor in Q3 2022 backing ten businesses in total.
👉 Read the full article by FinTech Global here.
🤝 M&As
Cryptyde, Inc. closed the acquisition of Forever 8 Fund, LLC. Link here.
Rapid Finance acquires lend tech firm Thrive. Link here.
MoneyGram acquired a 12% stake in Jingle Pay as part of a wider partnership with the UAE-based financial super app targeting the region's huge expatriate community. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Zopa is reportedly negotiating to raise $100m ahead of its IPO. Link here.
⭐️ DBT secures €285 million loan to bolster its SME lending business. Link here.
⭐️ Serena and Venus Williams become shareholders in Shares. Link here.
UK 🇬🇧
NoFrixion raised €3.6m, the funding round was led by Delta Partners and Middlegame Ventures and joined by Furthr VC. Link here.
KYP announces £800,000 in a pre-seed round. It also announced the appointment of new directors to the board to help with its expansion plans. Link here.
Patient Capital commits €25 million to Finch Capital fintech fund. Link here.
EUROPE 🇪🇺
Regate landed $20 million in Series A funding led by Valar Ventures. Link here.
Railsr, rebranded from Railsbank earlier this year, raised $46 million. Link here.
Merck KGaA made a $20 million commitment to CNote, a women-led impact investing platform. Link here.
Enable Banking discloses a round of €600,000 led by Wellstreet. Link here.
USA 🇺🇸
Uniswap to raise $100 million in a new funding round. Link here.
Equi announced their $15M Series A, led by Smash Capital with participation from Company Capital and Montage Ventures. Link here.
Tally raised $80 million in a Series D funding round led by Sway Ventures. Link here.
Juno raises $18M in a series A funding round. Link here.
Monnai Raises $3.15 million in a seed round to create the first global consumer insight infrastructure. Link here.
LATAM
HelloSafe raises $3.3M to deploy its financial comparison solutions in Mexico. Link here.
Solvento announced a US$5 million capital raise. Link here.
Ali raises $25M in a Series A led by BTG Pactual. Link here.
ASIA
ShopBack raises $80m from Temasek-backed 65 Equity Partners. Link here.
Seoul-based fintech startup Korea Credit Data has raised $24.7 million in Series D extension financing. Link here.
MIDDLE EAST
YAP is in talks to raise an additional $20 million as it looks to finance its expansion plans in Africa and South Asia. Link here.
If you are a fintech startup and have over 100 questions, send me an email. Maybe I can answer a few.