WEEKLY FUNDRAISING ACTIVITY
👀 NEWS HIGHLIGHT
GoDutch, an Amsterdam, the Netherlands-based provider of an account service for business users, raised €1.2M in funding.
Backers included René Frijters and Mike de Boer (Knab) and Bart Wesselink (former COO and CFO of bunq).
The company intends to use the funds to expand operations and its development efforts.
🤝 M&As
Anchorage Digital to acquire Mountain Protocol. The acquisition will integrate the Mountain Protocol team, technology, and licensing framework into Anchorage Digital to expand Anchorage Digital’s stablecoin capabilities. Read more
SavvyMoney acquires CreditSnap to boost digital lending and onboarding solutions. The acquisition aims to expand SavvyMoney’s platform capabilities, reinforcing its mission to offer a unified, digital-first financial experience. The move is positioned as a major step in enhancing both companies’ offerings for financial institutions seeking scalable, integrated solutions.
Robinhood To Acquire WonderFi. This strategic move aims to expand Robinhood's presence in the Canadian crypto market and enhance its international offerings. WonderFi will continue to operate its products after the acquisition closes.
Citi to sell wealth alternatives unit to FinTech firm iCapital. New York-based iCapital will manage and operate the platform, while Citi will remain the distributor for the funds and offer guidance to clients on the role of alternative investments.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ Synthetix makes $27M bid to re-acquire crypto options platform Derive.
⭐️ Zopa raises £80 million in AT1.
⭐️ Coinbase invests in Canadian stablecoin issuer.
⭐️ ID FinTech lender Amartha secures $55m for women-led MSMEs.
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
RetailBook investment platform wins funds to survive downturn. A platform enabling retail investors to take part in share issues normally reserved for institutional investors has raised fresh capital to tide it over until more favourable conditions return to the moribund stock market.
USA 🇺🇸
Rogo raises $50M series B from Thrive Capital, J.P. Morgan, and Tiger Global to Build Financial AI. Patrice Maffre, International Head of Investment Banking at Nomura, stated that the strategic integration of Rogo is set to transform the way the firm delivers value to its clients.
Stash raises $146M in series H funding. The company intends to use the funds to accelerate product innovation, drive subscriber growth, and further develop AI capabilities. The round was led by Goodwater Capital. Continue reading
Addepar raises $230 million at $3.25 billion valuation in series G investment round. The proceeds from its Series G financing will primarily be used to provide liquidity to employees and other investors through a tender offer, allowing them to realize the value of their contributions.
Finance automation startup Hyperbots raises $6.5 million from Arkam Ventures, Athera Venture Partners, others. The funds will support US expansion, new product development, and the launch of HyperLM, its finance-trained proprietary language model.
FlexPoint raises $12M Series A funding to expand its partner-led B2B payments network. This latest round of funding will enable FlexPoint to double down on product development and further expand its MSP partner program. Continue reading