See all of this week’s FinTech deal activity in FT partners latest overview: 48 Financing and 14 M&A transactions 👇
Last week, a total amount of €62.9m was raised across 11 European FinTech deals👇
👀 NEWS HIGHLIGHT
Hawk AI announced $17M in Series B financing to accelerate product development and global expansion.
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📰 ARTICLE
Luis Rubén Chávez, founder and CEO of Zenfi, says consumer finance in Mexico and across Latin America “is basically broken.”
“Achieving basic financial health in Mexico for around 50 to 60 million people is really hard,” he told TechCrunch. “Two out of three Mexicans have a subprime credit score with basically no tools to improve.”
👨💻 BLOG
FinTech has been one of the hardest-hit verticals in the market correction, delivering bruising returns to investors.
Read all about Business Model quality, transactional and subscription revenue, and going deep to go broad, in Akash Bajwa ’s article below 👇
💡INSIGHTS
Over 800 FinTech investors participated in European funding rounds in Q4 2022👇
Key Highlights from European FinTech investor activity during Q4 2022:
🌟 There were 863 unique FinTech investors in European companies
🌟 They backed a total of 371 FinTech deals, a 2.7% increase from Q3
🌟 Total funding hit $2.8bn, a 33% from the previous quarter
🤝 M&As
CrowdX announced the acquisition of JP Jenkins as a wholly-owned subsidiary.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Tranch raised $100 million in seed equity and debt funding. The funding round was led by Soma Capital and FoundersX.
⭐️ DailyPay secured $260 million of capital to fuel growth domestically, expand internationally, and further invest in product innovation.
⭐️ October secured a €35m funding line from the European Investment Fund (EIF) and Dutch impact investor Invest-NL.
⭐️ Sanctions screening fintech GSS raises $45 million.
UK 🇬🇧
Scaleup Finance raised the nation’s largest-ever seed funding round, securing $8m (£6.4m) to bring its “digital CFO” platform to the UK.
Sandbar launched its financial crime detection solution and announced a $4.8m seed funding round, which was led by Lachy Groom and Abstract Ventures.
EUROPE 🇪🇺
Link raises $30M to help merchants accept direct bank payments.
Dwello bags €600K to help investors buy and sell investment properties digitally.
Twinco Capital raises $12m for supply chain finance platform. The investment was led by Quona Capital and joined by Working Capital.
Salv raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.
USA 🇺🇸
Foro raised $8M in Series A funding from TTV Capital, with participation from Fin Capital, Correlation Ventures, and AME Cloud Ventures.
ASIA
Pilon raised a seed round of USD 5.2 million (both debt and equity).
MIDDLE EAST
Wafeq raised $3 million in a Seed round led by Raed Ventures with participation from Wamda Capital.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.