#DoneDeal FinTech Funding News | 2023 #5
Weekly Funding news up to Friday, 3rd of February 2023
WEEKLY FUNDRAISING ACTIVITY
Last week, a total amount of €58.5m was raised across 9 European FinTech deals:
Congratulations to our portfolio company HAWK:AI in a $17m Series B followed by Spanish Twinco Capital in a €9m Series C round.
REPORT
Payments are now one of the most important parts of an e-commerce business’s operation, and vital to delivering an exceptional customer experience.
It was great to contribute to Mollie’s 2023 Ecommerce Playbook – and loving the results.
REPORT
Check out Financial Technology Partners / FT Partners latest report: “2022 FinTech Almanac”, providing the most comprehensive review of global FinTech deal activity with analysis across private company financings, IPOs, and M&A transactions.
👀 NEWS HIGHLIGHT
Thrive Capital reportedly committed $1 billion in fresh capital to payments giant Stripe as part of a new investment in the works that would value the FinTech company at between $55 billion and $60 billion.
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📰 ARTICLE
Minu grabbed $30 million in new funding as it continues building out its gamified and rewards features, including saving or completing financial education courses, while improving retention for employers.
💡INSIGHTS
Key Australian FinTech investment stats from 2022:
👉 112 FinTech deals were announced in 2022, a 45% drop from 2021
💰 Capital invested in the country reached $1.7bn, a 55% drop from last year
🧐 ANALYSIS
European startups raised €462m across 286 seed rounds last month, a healthy figure compared with recent months.
💰 VC FUNDS
Dila Capital closed its fourth fund: US$115 Million.
🤝 M&As
Dubai Investments has acquired a 9% equity stake in Monument Bank, a UK-based challenger bank.
SendFriend acquired the assets of US compliance provider DigiPli for an undisclosed sum.
🛳 PARTNERSHIPS
FINBOURNE Technology announces its partnership with market-leading debt provider, Kreos Capital, to secure up to a £30 million debt facility.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Marqeta agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history.
⭐️ Liberis lands €30m debt financing from Silicon Valley Bank for European expansion.
⭐️ TransUnion announces investment in Bud to drive innovation and growth in Open Banking.
⭐️ Treasury Prime announced it raised $40 million in Series C funding.
UK 🇬🇧
Zopa Bank raised $92 Million. The raise from existing investors “cements” the UK fintech’s status as a unicorn with a valuation of $1 billion.
LiveMore Capital secured a credit facility of up to £250m from Citi taking total funding raised by the lender since inception to nearly £600m.
EUROPE 🇪🇺
Fagura.com closed its second round of equity investments held on the British platform Seedrs.com, raising over EUR 780,000.
Augmentum Fintech invested €3m into Berlin-based cyber insurance platform Baobab in its first venture into the insurtech space.
USA 🇺🇸
Zurp announced its pre-seed capital raise of $5M to launch the credit card for experiences.
Suppli is modernizing the construction industry with its digital payment platform for construction suppliers and announced that it closed a $3.1 million seed round.
Method Financial announced that it closed a $16 million Series A funding round.
Hatchfi launched out of beta on the heels of a $1.2M pre-seed raise with 30+ clients in the Fintech space including accounting & tax apps.
Moov Financial announces a $45 million Series B round of funding. The round was led by Commerce Ventures with participation from Andreessen Horowitz.
Oxygen announced $20 million in Series B funding – led largely by return investors – and the appointment of David Rafalovsky as Chief Executive Officer.
LATAM
Medsi raised a USD $10 million debt-financing round from CAPEM Mexico.
XP Asset bought a minority stake in the financial services company One7. The deal was closed through an investment of R$ 110 million.
Brick Insurance received a Pre-Seed round of investment led by Verve Capital.
ASIA
Eazy Digital raised $850,000 in seed funding led by Wavemaker Partners, a Singapore and Los Angeles based seed investor.
Gobi Partners announced that it has onboarded two fintech firms to its Gobi Superseed II Fund (Gobi SSII Fund).
AUSTRALIA 🇦🇺
Hnry completed its AUD$35m Series B round as it unveils ambitious growth plans to double headcount, expand internationally and invest in further product innovation.
AFRICA
MNT-Halan raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country.
Lulalend finalized a transformational $35 million (R600 million) Series B funding round.
