#DoneDeal FinTech Funding News | 2023 #38
Weekly Funding news up to Friday, 22nd of September 2023
REPORT
🤑 In the past week, we saw 13 deals in Europe for a total amount of €102.7m
Raised officially with five deals in the UK🇬🇧, four deals in France🇫🇷, two deals in Germany🇩🇪, one in Italy🇮🇹 and one in Switzerland🇨🇭
👀 NEWS HIGHLIGHT
The new funds will be used to improve the overall customer experience (Curve just recently rolled out its new app, which includes a marketplace of financial applets), expand its Flex offerings, and bring exciting new partnerships to the market.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Bowtie secures nearly $35m in Series B2 round.
⭐️ Lupiya has successfully secured $8.25 million in Series A seed funding round.
⭐️ DKK Partners closes £3 million pre-seed round.
⭐️ Fleximize receives £136 Million financing from Goldman Sachs and Citi.
UK 🇬🇧
Lloyds Banking Group has invested €3 million in technology company Enigio to expand its use of digital documentation in trade.
HyperJar has raised $24m in Series A funding led by Susquehanna Private Equity Investments.
Wamo has raised a $1.5m seed extension round. The cash will be used to expand the Wamo team as well as for the development of a suite of credit products, and expansion into new markets.
EUROPE 🇪🇺
Santander commits to €100 million fund for Spanish startups. The bank plans to contribute €67 million to the €100 million venture debt fund that will be created with Inveready Asset Management.
Payflow snaps €20M to expand its financial superapp for employees. Payflow aims to grow its business tenfold with the fresh capital injection.
USA 🇺🇸
Flex secures $20M equity and $100M debt fundraise to build a one-stop-shop financial hub for SMBs.
Mesh raises $22M. Mesh will use the new cash, which brings its total raised to date to $32 million, to further develop its tools for deposits, payments and payouts.
LATAM
Nagro recently completed its series A funding round, drawing significant investments from funds like Kinea Ventures and Revolution.
MIDDLE EAST
Fuze has unveiled a seed round of $14m. The funding will propel Fuze’s growth as it obtains regulatory licencing, adds strategic hires in key roles, continues to expand its technological capabilities, and accelerates its geographic expansion across the region.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.
-