#DoneDeal FinTech Funding News | 2023 #19
#DoneDeal FinTech Funding News | 2023 #19
Weekly Funding news up to Friday, 12th of May 2023
WEEKLY FUNDRAISING ACTIVITY
💰#donedeal 💵: Last week we spotted 8 European FinTech Funding deals for a total amount of €61.8m👇
2 deals were raised in France and Germany, and 1 in the UK, Spain, Sweden, and Switzerland.
🚀FinTech Funding Alert🚀 - Let’s dive into the data for European FinTech Funding rounds in April👇
▸ # deals for the period: 59
▸ Total raised for the period: €655m
▸ Total raised by the top 10 deals for the period: €414.9m
▸ Average raise for the period: €11.1m
▸ Median raise for the period: €4m
REPORT
FinTech private valuations back to pre-Covid levels, especially mid and late-stage; 🌱seed shows strong resilience ⬇️
Here you can download the full #fintechreport by Royal Park Partners, with more stats and figures.
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💡INSIGHTS
Key Latin American FinTech investment stats in Q1 2023:
💰 Latin American FinTech investment declined 96% YoY to $137m in Q1 2023.
📉 Latin American FinTech deal activity reached 45 deals in Q1 2023, a 64% decline from Q1 2022.
🦄 UNICORN CLUB
Advance Intelligence Group raised US$ 80 million from an investor consortium led by existing investors Warburg Pincus and Northstar Group.
💰 VC FUNDS
DisrupTech Ventures received a $5 million investment from Proparco to support development in Egypt’s fintech sector and help expand access to financial services in the country.
Odin raises $3m following public launch.
Integra Partners announced the final close of its second fund, which closed late last month at US$90 million. This brings the total committed capital managed by the firm to over US$140 million.
🤝 M&As
By acquiring a further 26% stake in TTMzero, United Fintech has reached the 51% tipping point to gain majority ownership of the Berlin-based RegTech.
GeoComply acquired licensing and compliance platform OneComply.
🛳 PARTNERSHIPS
QistBazaar announces significant equity and Shariah-Compliant embedded finance partnership with Bank Alfalah - one of Pakistan’s largest commercial banks.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ ABN Amro has co-led a €11.5 million seed round in fraud detection fintech ThreatFabric to exp[and its technical capabilities and support its growth.
⭐️ Cable raises $11M to automate effectiveness testing of financial crime controls.
⭐️ Paysend inks $30m media-for-equity deal with TelevisaUnivision.
⭐️ TerraPay announced a strategic equity investment from Visa, a world leader in digital payments.
⭐️ Petal raised $35 million in new funding and has spun off its B2B-focused data infrastructure and analytics subsidiary, Prism Data.
EUROPE 🇪🇺
Viceversa raises €10m in Series A round for digital companies.
Green-Got raised a $5.5 million (€5 million) funding round led by Pale Blue Dot.
BNP Paribas joins £300m LendInvest syndicate with HSBC and Barclays.
USA 🇺🇸
Inbox Health secured $22.5 million in a Series B funding round led by Ten Coves Capital.
LATAM
Emprex raised $2 million in a funding round led by former Goldman Sachs employees.
Noodle received R$ 17 million to enhance its platform that connects students with tutors.
R2 secured a $100 million credit line from Community Investment Management, to boost lending in Mexico, its largest market.
ASIA
EduFund raised a Pre-Series A investment of $3.5 million led by global venture capital firm MassMutual Ventures.
Fundly.ai raised $3 million in a seed funding round, led by Accel. The funding round also saw participation from Multiply Ventures and other angel investors.
The Asian Development Bank (ADB) and Switzerland signed a co-financing agreement of up to US$5 million for Vietnamese fintech focused on addressing financial inclusion in the country.
The Asian Development Bank (ADB) and Switzerland signed a co-financing agreement of up to US$5 million for Vietnamese fintechs focused on addressing financial inclusion in the country.
Castler raised $5 million in a Pre-Series A funding round led by Capital 2B and IIFL Fintech Fund.
SoftBank has sold 2.07% stake in One 97 Communications, which runs the fintech platform Paytm.
Grip Invest raised up to $8 million in its series B investment round over the next three to four months.
AFRICA
Fingo launched its neobank, which it developed in collaboration with Pan-African financial institution Ecobank Kenya.
MOVERS & SHAKERS
Peter Ackerson departed from his role as general partner at fintech-focused venture firm Fin Capital and started a new firm, Audere Capital.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.