👀 NEWS HIGHLIGHT
Telda raised $20 million in seed funding. The fintech, in a statement, said it wants to “revolutionize finance for the MENAP region.”
👉 Read the full TechCrunch article here.
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💡INSIGHTS
European FinTech seed deal activity in Q3 remained steady with just two fewer deals compared to the second quarter.
👉 Read the full FinTech Global article here.
🧐 ANALYSIS
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.
🦄 UNICORN CLUB
FinAccel turns unicorn with $140m in series D money. Link here.
💰 VC FUNDS
NatWest and Black Seed are partnering to support more than 10,000 Black entrepreneurs. Link here.
🤝 M&As
OakNorth Bank acquired a 50% stake in property lender ASK Partners, which has lent more than £1bn across over 90 transactions through its online platform. Link here.
LHV UK is to buy the SME lending business of Manchester-based Bank North, which is winding down its operations after failing to fully capcapitalizee bank. Link here.
🛳 PARTNERSHIPS
Fluro (formerly known as Lending Works) announced a £200 million financing partnership with European banking group BNP Paribas. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ With $67M in new capital, NorthOne is doubling down on SMBs as some FinTech companies pull back. Link here.
⭐️ Lulo secures $200M to further democratize banking. Link here.
⭐️ Blowfish raises $11.8M in funding. Link here.
⭐️ Airwallex raised $100 million, money that will be used to continue expanding its business operationally, geographically, and with new products. Link here.
⭐️Volkswagen Bank increases stake in fintech Credi2 and launches new instant loan product. Link here.
UK 🇬🇧
Hedgehog, which launched earlier this year, has raised £1.56m and enticed investment from nearly 400 individuals across 27 different countries. Link here.
MiddleGame announces €40 million fintech seed fund. Link here.
Blackbullion announced a £2.5m investment round to accelerate the financial well being for students. Link here.
GoHenry raised $55m to accelerate its plans for global expansion. Link here.
MarketFinance secures £30m credit facility. Link here.
EUROPE 🇪🇺
Mondu sets its sights on the Netherlands, and marches on with €20 million in VVRB-backed debt financing round. Link here.
Mediobanca's Compass unit has acquired Italian fintech Soisy and bought a 19.5% stake in Swiss outfit HeidiPay. Link here.
USA 🇺🇸
Fintor raises $6.2M at $80M valuation. Link here.
Vance raised $5.8 Million in a seed round led by Hummingbird Ventures. Link here.
Merck commits $20m to CNote to support underserved communities in the US. Link here.
Ntropy raised $11 million in a Series A round. Link here.
Step launched crypto investing feature to the nearly 4 million users on its platform. Step also announced that it has borrowed $300 million in dept financing. Link here.
Exponential Exchange raises $1.4M pre-seed funding. Link here.
CANADA
HelloSafe secured $3.3 million in a seed round led by OneRagtime and Kima Ventures. Link here.
LATAM
Ali raised $25 million in a Series A round led by BTG Pactual. Link here.
Solvento announced a US$5 million capital raise. The round was led by Ironspring Ventures, making its first investment in a company outside the US. Link here.
ASIA
Alami fintech firm closes pre-series B round led by East Ventures. Link here.
Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another $24.7M. Link here.
Ayoconnect raises $13m more for the series B round. Link here.
ALAMI Group closed its pre-Series B funding round. Link here.
MIDDLE EAST
YAP is in talks with investors to raise an additional $20 million as it looks to finance its expansion plans in Africa and South Asia. Link here.
Five FS launched in the UAE and Saudi Arabia, and raised US$3.5 million in seed funding led by Zeyshare Ventures at a US$30 million valuation. Link here.
FlapKap closes $3.6M Seed round. Link here.
AFRICA
Tugende raises $10m in equity and debt funding. Link here.
If you are a fintech startup and have over 100 questions, send me an email. Maybe I can answer a few.