#DoneDeal FinTech | 2022 #50
Weekly Funding news up to Friday, 16th of December
WEEKLY FUNDRAISING ACTIVITY
Last week, €213m was raised across 11 European FinTech deals.
Congratulations to Allica Bank which raised £100m in a Series C round, followed by the financial service provider Younited Credit with a €60m venture round.
👉Read the full BlackFin Tech overview article by Nathalie Schwarzkopf here
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💡INSIGHTS
If there’s one thing European tech has no shortage of, it’s startup accelerators🚀
Every corner of the continent seems to have some — for the first time, Sifted has compiled a database of more than 400 of them.
👉 Read the full Sifted article and database by Sadia Nowshin here
📊 INFOGRAPHIC
In total there were 632 investors participating in Middle Eastern FinTech funding rounds during Q1-Q3 2022.
The total number of FinTech investors in the region increased 7.5% from the same period in 2021.
The top 10 investors listed have drastically changed from 2021 with six new entrants.
👉Check this FinTech deal activity in Saudi Arabia by FinTech Global here
💬 INTERVIEW
Dakotah Rice raised $5.3 million in seed funding for Poolit, a Miami-based fintech startup that aims to open up access to investing in private equity and VC funds.
This is the first time someone can be an LP in those firms for no minimum amount,” Rice told TechCrunch in an interview.
👉 Read the full TechCrunch interview article here
🧐 ANALYSIS
Revolut is now Europe's most valued Startup.
But how the hell do startup valuations work anyway? And what even is a 'down round'?
👉 Read the full explanation in this Sifted article by Amy O'Brien here
🦄 UNICORN CLUB
Checkout.com slashed its internal valuation to about $11bn, becoming the latest high-flying start-up. Link here
🤝 M&As
PayTabs acquired a 100% stake in Paym.es. Link here
Neon acquired Brazilian FinTech Leve Capital. Link here
HDFC Bank acquires 7.75% stake in FinTech startup Mintoak Innovations. Link here
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Bling secures €3.5 million seed financing. Link here
⭐️ Top banks back $24 million round in operational risk fintech Acin. Link here
⭐️ GoStudent and Speedinvest announced €500m in new funds to back European tech startups. Link here
⭐️ Visa pledges to invest $1 billion in Africa to accelerate digital transformation. Link here
UK 🇬🇧
Bondaval raised a $15 million Series A Round, led by Talis Capital. Link here
OneBanx closes £1.28m crowdfund with Crowdcube to help scale-up its kiosks across the UK. Link here
EUROPE 🇪🇺
Younited bagged €60 million in a new funding round at a valuation of €1.1 billion. Link here
Novicap raised €200 million debt facility for its credit platform. Link here
Opensee raised EUR11 million in a Series A funding round led by Omnes Capital. Link here
Utorg is expanding its fiat currency-to-crypto exchange service in coming weeks with the introduction of a features-loaded "superapp". Link here
USA 🇺🇸
Nikkl, Inc. raised $5M in funding. Link here
Sion raised $3.2 million in a seed found. Link here
Carputty announced the closing of a $12.3 million Series A funding round. Link here
Nilus raised $8.5 million in a seed funding round led by Bessemer Venture Partners. Link here
CANADA
Walnut Insurance raised $4 million in seed funding led by ATB Financial and NAventures. Link here
LATAM
Senhasegura raised $13m in its Series A investment round. Link here
Dale! secured an investment of $30 million from Grupo Aval to reach 5 million users in 2023. Link here
ASIA
NF3 raises US$1.65M in Seed Funding. Link here
Tessa received $9m in funding from Kyobo Securities. Link here
Paper.id raised $12m in its Series B funding round by Go-Ventures. Link here
MyStartr launched crowdfunding campaign on its counterpart’s platform Alta, formerly known as Fundnel. Link here
AUSTRALIA 🇦🇺
Pathzero raised AU$8.6 million in a Series A+ round. Link here
AFRICA
Finclusion Group raised an additional $2 million in equity financing as it officially rebrands to Fin. Link here
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.