#DoneDeal FinTech Funding News #45
Weekly Funding news up to Friday, November 11th, 2022
💰 Last week €148m was raised across 12 European FinTech deals;
Congratulations to Vodeno on their €58m Venture round, congratulations to Plend who raised a €40m Seed round with a combination of Debt/Equity and finally congratulations to Fintecture on raising a £26m Series A.
👉 Read the full BlackFin Tech article by Régis Bouyoux here.
👀 NEWS HIGHLIGHT
Former Tink employees launch Atlar, a payment automation startup.
Atlar raised a $5 million seed round led by Index Ventures. The company has been working on an application programming interface (API) that facilitates bank-to-bank payments for European businesses.
👉 Read the full TechCrunch article here.
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📰 ARTICLE
There exists a major issue that affects almost all early-stage startups – the funding and expertise gap between their seed and Series A rounds.
Ask any founder of any type of startup that has navigated through this and they’ll tell you that it is one of the most difficult, and precarious, stages of their company’s journey.
👉 Read the full Silicon canals article here.
🧐 ANALYSIS
Israeli FinTech companies raised $585m in Q3 2022 across 22 deals, which puts total investment in the country on track to reach $3bn in 2022, a 15% drop from 2021 levels.
👉 Read the full article by FinTech Global here.
🦄 UNICORN CLUB
An average US unicorn 🦄 raises the first VC round 7 months faster than an average random US VC-backed company: 1.7 years compared to 2.3. This is a big statistically significant difference.
👉 Read the full article here.
💰 VC FUNDS
Quona Capital closed its latest fund on $332 million, passing its $250 million target. Link here.
EQT Ventures III holds final close at EUR 1 billion of fee-generating commitments, and EUR 1.1 billion of total commitments, to invest in European and North American early-stage tech startups. Link here.
🤝 M&As
Finom acquires UK payments startup Kapaga. Link here.
ZikZuk Technologies announced the acquisition of SPANACROSS IT Solutions, well known as TaxSpanner.com. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ neon closed a CHF 11 million financing round from existing investors and some 5,000 investors through its crowdfunding campaign. Link here.
⭐️ Fintech funding in Saudi Arabia reaches $402mln. Link here.
⭐️ Mendel raises USD $60M to consolidate their presence in Mexico. Link here.
⭐️ Arta Finance raised $90 million in Series A funding. Link here.
⭐️ Ark Invest swoops in to buy US$21.4 mln in Coinbase shares. Link here.
UK 🇬🇧
Ramp raises $70M to provide crypto payments infrastructure. Link here.
KodyPay raises US$5M in pre-series A financing to accelerate expansion. Link here.
Chip hits £3 million in first day on Crowdcube. Link here.
EUROPE 🇪🇺
Fintecture wants to replace paper checks or manual transfers for B2B payments. Link here.
OakNorth completes £6.5m funding to consumer debt advice provider MoneyPlus. Link here.
Worldline is boosting its presence in Italy through the acquisition of Banco Desio’s merchant acquiring activities for around EUR100 million. Link here.
Catadesk announced their successful pre-seed funding round. Link here.
Creditshelf entered an additional secured financing facility, with Goldman Sachs providing up to €100m. Link here.
USA 🇺🇸
Carta jumped to $8.5 billion earlier this year after employees sold shares to investors. Link here.
Archy raised $10 million in new funding led by Bessemer Venture Partners and CRV. Link here.
Brightside announced it has raised $33 million in Series B funding. Link here.
LATAM
FEMSA to purchase financial services NetPay in B2B fintech bid. Link here.
Yave raised $7.5 million in funding. Link here.
Ping wants to simplify global payments while helping Latin Americans embrace crypto. Link here.
ASIA
MoneySmart Group is looking to list on the Singapore Stock Exchange through a US$161.7 million reverse takeover deal with real estate developer Asia Pacific Strategic Investments. Link here.
Hyphen Group raises US$20M funding round. Link here.
Moonfare is expanding beyond high-net-worth investors to support family offices with the launch of a new Moonfare Private Investment Office. Link here.
MIDDLE EAST
Blnk raises $32M in debt and equity. Link here.
AFRICA
Yassir raised $150 million in Series B funding. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.