#DoneDeal FinTech Funding News #47
Weekly Funding news up to Friday, November 25th, 2022
REPORT
Here you have Financial Technology Partners / FT Partners Weekly FinTech Deal Activity overview 👇
👉 Link to Weekly FinTech Deal Activity overview source here.
REPORT
Blockchain venture funding falls QoQ for the second time this year as the crypto winter cools off investor enthusiasm.
Blockchain venture funding fell to $4.6B, the second quarter-over-quarter (QoQ) decline this year.
👉 Read the report by CB Insights here
📊 INFOGRAPHIC
Singapore dominates nearly half of all Fintech funding in ASEAN.
Results from the UOB study were shared in the latest Fintech in ASEAN report, an annual report by UOB, PwC Singapore and the Singapore Fintech Association, which looks at the state of fintech in Southeast Asia and venture capital (VC) activity.
👉 Read the full Fintechnews Singapore article here.
💡INSIGHTS
This is one for my investor network: Check this quick visual overview by Maximilian Fleitmann of all the tools that VC and angel investors can use for their investing activities 👇
👉 Link to the full VC Stack source/overview here.
🧐 ANALYSIS
UK FinTech deal activity reached 134 deals in Q3 2022, an 11% increase from the previous quarter.
On the other hand, average deal sizes have dramatically dropped to $11m in Q3 2022, a 49% drop from Q2 2022.
👉Check out the UK FinTech deal activity by FinTech Global here.
💰 VC FUNDS
QED Investors announced its first investment in Southeast Asia. Link here.
Knuru capital leads $30m financing to KLAIM. Link here.
🤝 M&As
PhonePe acquiring ZestMoney; deal pegged at $200mn-$300mn. Link here.
Regnology acquired Belgian regtech firm b.fine for an undisclosed sum. Link here.
Oscillate plc acquire Hi55 Ventures, trading as Hi, in a reverse takeover. Link here.
Chipper Cash acquire Zoona, an agent-based financial services company operating in Zambia. Link here.
Motive Partners entered into an agreement to acquire embedded/capital. Link here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Atom bank raises £30m to fuel lending and further growth. Link here.
⭐️ FinTech deal activity in Q3 in the UAE reached 15 deals in total, no change from the previous quarter although this was a significant 45% drop from Q1 2022. Link here.
⭐️ Galgal Money raised USD 1 million from angel investors. Link here.
⭐️ Freetrade is reportedly talking to advisors about a potential funding round or sale. Link here.
⭐️ Daylight secured $15 million in a round led by Anthemis Group. Link here.
UK 🇬🇧
Atoa Payments raised $2.2 million in a pre-seed funding round. Link here.
Featurespace secured funding from UK and US governments to develop a prototype privacy-enhancing artificial intelligence system. Link here.
Fasanara bags $200m fintech mandate from Canadian pension fund. Link here.
EUROPE 🇪🇺
Virgil raised €15 million, with the aim of financing €50 million worth of transactions each month in France and Europe. Link here.
Cobee raises $41M for an employee benefits ‘superapp’. Link here.
Devengo raised a €1.2 million Seed financing round. Link here.
Klarna’s bruising $800m down-round this summer left fintech investor Chrysalis Investments with a 41 percent decline in its portfolio valuation this year. Link here.
USA 🇺🇸
ZSuite Tech bagged $11m in its Series A. Link here.
Taktile raises $20M to help fintech companies test and deploy decision-making models. Link here.
Noah Schnapp is turning to investing platform Republic to give his fans, and the masses, an opportunity to invest in the company behind the Nutella alternative tbh for as little as $50. Link here.
Novo raised $35 million from GGV capital at a pre-money valuation of $720 million. Link here.
$10 Million raised for Onomy Protocol on brink of launch. Link here.
LATAM
Zulu banks $5M for its LatAm digital wallet amid shaky ground for crypto. Link here.
Agrolend raises USD $27M to finance farmers in Brazil. Link here.
AUSTRALIA 🇦🇺
Nine25 raises A$2.25 million in crowdfunding round. Link here.
MIDDLE EAST
Qashio raised $10 million in a seed round to accelerate expansion into the Kingdom of Saudi Arabia. Link here.
AFRICA
Ramani plans to introduce new financial services as it expands its operations in the East African country after raising $32 million in Series A. Link here.
Pivo gets $2M seed funding. Link here.
Revio announces $1.1 million seed funding raised from top tier investors. Link here.
Djamo raised $14 million. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.