Hello Fintech Friends,
Please find a shorter week of financing events and transactions below.
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Saudi mobile wallet Stc Pay raised $200 million from Western Union at a $1.3 billion valuation.
US neobank Current raised a $131 million Series C and announced that it had doubled its userbase to 2 million in 6 months.
Cashfree, an Indian business payments startup, raised $35.3 million in new funding.
HMBradley, a savings-focused neobank, raised an $18.25 Series A.
Weavr, which is building an orchestration layer for service providers to integrate with banking products, raised a $4 million seed round.
Productfy raised $2.35 million to enable non-bank companies to build fintech products.
Charityvest raised an additional $2.3 million of seed capital to build its donor-advised funds platform.
Restaurant PoS platform Toast allowed employees to sell 800,000 shares at an $8 billion valuation.
Stripe is in talks to fundraise at a $70 to $100 billion valuation.
Exits and M&A
Marqeta is targeting a $10 billion valuation in its upcoming 2021 IPO.
The Department of Justice gave the green light to Intuit for its $7.1 billion acquisition of Credit Karma, as Credit Karma announced that it will sell its tax prep business to Square, to be integrated into the Cash App.
France’s Credit Agricole made an $875 million offer for Italian bank Creval.
Worldremit is considering a 2021 IPO.
Investment platform Aperio was acquired by Blackrock.
US investment fund Davidson Kempner will buy $12.81 billion of Greece’s Alpha Bank’s bad loans.
Andrea Pignataro, founder of Italian financial data provider ION, is considering a SPAC to take a fintech public.