#DoneDeal FinTech Funding News | 2023 #23
Weekly Funding news up to Friday, 9th of June 2023
REPORT
The Top 10 European FinTech Funding Deals for May 2022.
👀 NEWS HIGHLIGHT
Thunes announced that it has successfully completed a series C funding round, led by Marshall Wace and with support from Bessemer Venture Partners and 01Fintech.
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📊 INFOGRAPHIC
💡INSIGHTS
Last week we spotted 10 deals for a total amount of €115.5m raised, with 2 deals in France and 1 in each of Italy, Spain, Poland, Ireland, Germany, The Netherlands, Switzerland, and Austria.
🦄 UNICORN CLUB
There are 1,200+ unicorns 🦄(private companies valued at $1B+).
Out of the 7,300 investors with equity stakes in them, a mighty three count more than 100 unicorns in each of their portfolios. But it’s not all glory at the top:
🤝 M&As
RIBBIT, Inc., announces its acquisition of ValidiFI, a leading provider of fraud, compliance, and risk mitigation solutions.
Hokodo announced the acquisition of a Lithuanian payments business, making it the first and, currently, only B2B Buy Now, Pay Later provider with a payments licence.
BitGo reached a preliminary agreement to acquire rival firm Prime Trust.
Brookfield Asset Management said it would buy payments provider Network International for 2.2 billion pounds ($2.76 billion) in cash, as it expands its payments business in the Middle East and Africa.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ CAB Payments eyes £1 billion valuation in London IPO.
⭐️ Payrails raised $14.4 million in a seed extension round led by EQT Ventures to scale its financial operations platform.
⭐️ Keeta raised $17 million in funding from a group of investors led by former Google CEO Eric Schmidt.
⭐️ Sprinque announced secured €20M debt facility from Avellinia Capital.
UK 🇬🇧
Fumopay announces that it has successfully closed its first seed-funding round from three highly accomplished FinTech private investors.
Griffin raises $13.5m Series A for its licensed banking software.
Atoa concluded its seed funding round, raising $6.5m.
EUROPE 🇪🇺
Klearly launches in the Netherlands after raising €2.1M from Antler, ex-Mollie CEO, others.
LoopingOne secured an impressive €2 million during a recent seed funding round.
Pigment announced an €80 million Series C funding round led by ICONIQ Growth.
LATAM
Méliuz confirmed the sale of all its shares in Acesso Soluções de Pagamento S.A., known as Bankly, and potentially all the shares in Acessopar Investimentos e Participações S.A, a subsidiary holding 52.19% of Bankly's capital, to Banco BV.
ASIA
Bayo Pay secured RM10 million (US$2.2 million) in a Series A funding round, according to a report by TechNode Global.
Finnomena raised $5.5m led by Openspace Ventures.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.