Last week we spotted 13 European FinTech deals for a total amount of €188.4m raised, with 6 deals in the UK and 1 in each of Italy, France, Finland, Lithuania, Germany, Spain, and the Netherlands.
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overview article by , with more stats and figures 👇👀 NEWS HIGHLIGHT
Plastiq filed for bankruptcy and entered into a stalking horse agreement to have its assets acquired by the unified commerce platform Priority Technology.
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The Integrated solutions for startups and SMEs, with more than 45k merchants, achieving more than 1 million transactions per day worth $11 million
👨💻 BLOG
In this WhiteSight blog, Risav Chakraborty and Kshitija Kaur expand upon their analysis from last year to encompass the noticeable downward trend that has now also permeated private markets.
💰 VC FUNDS
QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for two new funds.
🤝 M&As
Fifth Third Bancorp announced the acquisition of Rize Money, Inc., an embedded payments platform that provides payment infrastructure and risk management capabilities to fintechs.
TBC Bank Group PLC of Georgia has entered into an agreement to acquire a 51% stake in LLC Inspired, a leading payment platform in Uzbekistan trading under the Payme brand.
Paynetics agreed to acquire Phyre, one of Europe’s leading digital payments application providers.
PayTabs acquires OGS PayLab India. News of the acquisition comes as PayTabs receives mada Payment Gateway Certification from Saudi Payments.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Firmbase raises $12M to modernize financial planning for startups.
⭐️ Celebrity investors such as Paris Hilton pile into Checkmate.
⭐️ OFX confirmed it was making a significant investment to add to its B2B client offering with the acquisition of fellow Sydney-based firm, Paytron.
⭐️ Onyx Private announced $4.1 million in new funding to provide private banking and investment services specifically tailored to high-earning Millennials and Gen Zers.
UK 🇬🇧
Paydock secured a £25 million series A round led by venture capital firm Silverstripe.
Barclays embraces next-generation FinTech with £3m Trade Ledger investment.
Freemarket announced a growth capital investment from Baird Capital’s Global Private Equity Fund.
EUROPE 🇪🇺
StocksFC announced its launch and a pre-seed investment from Antler.
USA 🇺🇸
Pesto raises $11m to offer underbanked Americans an affordable lending alternative.
Bank of America led a $35 million Series D investment in capital markets operating system provider OpenFin.
Episode Six (E6) announced a $48 million Series C financing led by Avenir.
Plenty secures $2.75m to revolutionise wealth creation for modern couples.
Nymbus announced that it had raised $70 million in a Series D round led by Insight Partners.
LATAM
Kiwi has closed a $75 million credit facility and $4.5 million pre-series A funding round.
Trébol secured $3 million in seed funding to help modernize how companies in Latin America are onboarded.
ASIA
SkorLife announced that it raised a $4 million seed funding round led by global tech investor Hummingbird Ventures, with participation from QED Investors.
XFlow raises $10.2 million in Pre-Series A to simplify cross-border payments for businesses.
MIDDLE EAST
Wosul Payments raised $3.2 million in a seed round. Led by Khalab's company and a group of angel investors in the fintech and retail sectors.
Team8 leads a $5m seed round for FinTech start-up Ballerine.
AFRICA
TymeBank raised $77.8 million as Chinese conglomerate Tencent increased its stake to become the group's third-largest shareholder.
MOVERS & SHAKERS
Managing partner of Blossom Capital Alex Lim is set to leave the company at the end of the month.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.