Swedbank to Expand Mortgage Business With $36.8M Stabelo Acquisition
Weekly Funding news up to Friday, 4th of July 2025.
👀 NEWS HIGHLIGHT
French FinTech company Skarlett has raised €8 million in seed funding to develop its financial services platform aimed at individuals over the age of 60.
The round was led by 115K, the venture capital arm of La Banque Postale, with additional participation from Raise Seed for Good and returning investor Alven, who also contributed to the company’s pre-seed round in 2023.
💡INSIGHTS
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🤝 M&As
Länsförsäkringar Bank announces agreement to acquire SAVR in Landmark FinTech Deal. The transaction marks a significant step in the evolution of the Swedish financial market, where an established bank strengthens its digital position by acquiring the technology and innovation capabilities built by a FinTech from the ground up.
Santander to acquire TSB from Sabadell for £2.65 billion. The acquisition would strengthen Santander’s position in the UK. Santander intends to integrate TSB into the Santander UK group, enabling it to become the third-largest bank in the country by personal current account balances.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ WealthTech Savvy Wealth bags $72M Series B funding.
⭐️ Swedbank looks to expand mortgage operations with $36.8m Stabelo acquisition.
⭐️ EQIQ anchors $15 million round for InstaBank.
⭐️ Yaspa receives $12M investment led by Discerning Capital.
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
London-based Ferovinum bottles €468 million to expand global funding for the drinks trade. The new debt facility will allow Ferovinum to extend its services beyond its home market in the United Kingdom to key territories across the United States, European Union, and Australia.
Revolut, Octopus, and OakNorth join the new Pisces private stock market after being courted by prospective operator London Stock Exchange. The new platform facilitates the trading of shares in private companies, promises to address a longstanding liquidity gap for growth companies and early investors, offering a stepping stone for companies seeking a later flotation on a public exchange.
EUROPE 🇪🇺
Natech secures $33 million ahead of the launch of the Greek digital bank. The company says it is already actively preparing for the next funding round to deepen its presence across key European markets and support the scale-up of its modular Banking-as-a-Service product suite.
Broadridge to acquire Acolin. The acquisition will create a robust pan-European fund distribution network, facilitating broader, more efficient access to investors and distribution partners while supporting the ongoing transformation and efficiency of fund distribution for asset managers worldwide.
USA 🇺🇸
Niural lands $31M to streamline global payroll. Niural offers services like accounts receivable, accounts payable, and cash flow reporting, which reduces the need for managing multiple vendors. Read more
Crypto giant Galaxy raises $175 million for first venture fund. Galaxy general partner Mike Giampapa said the firm decided to grow its venture capital operations in order to broaden its bets into startups working on the growing intersection between traditional finance and crypto, including stablecoins and decentralized finance applications.
Finofo raises $3.3M to transform cross‑border financial operations for mid‑market companies. The platform is especially relevant for energy, manufacturing, and logistics firms with international vendor and customer bases and multi-entity operations.
LATAM
Klar raises $190 million at $800 million valuation. Klar has positioned itself as an alternative to legacy institutions by offering lower-cost, app-based financial products to a broad swath of Mexican consumers and small businesses. Read more
ASIA
Indonesian AI spend management platform Monit nets $2.5M. Monit plans to use the new funds to improve its product capabilities, particularly in AI and machine learning. The company also aims to expand its leadership and sales teams. Keep reading
Zango bags $4.8M to boost AI-native compliance tools. The AI-based SaaS platform plans to deploy the fresh proceeds to expand its teams in Bengaluru and London, and build product modules for an AI-native governance, risk, and compliance.
Indian FinTech firm FincFriends secures $11.5M debt funding. The funds will be used to expand operations and enhance credit offerings for underserved borrowers in India. Read more
AFRICA
Wave raises $137 million to expand mobile money services across Africa. The funding will scale its mobile money operations and broaden financial access for underserved communities across the continent. Read more