This Week in Fintech (11/22)

Hello Fintech Friends,

In honor of all the overworked startup PR teams trying to get their news out before the Thanksgiving holiday, here are 25 fundraising rounds, 19 M&A transactions, and 2 fintech SPACs announced in the past week.


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Financings

  • Gojek, the Indonesian payments and ride-hailing superapp, raised $150 million from the country’s largest telecom.

  • Wealth management software provider Addepar raised a $117 million Series E.

  • Italian mobile payments firm Satispay raised €93 million from investors including Square (which contributed $18 million) and Tencent.

  • Business-to-business payments platform Credit Key raised $33 million.

  • Alternative investment platform CAIS raised a $50 million Series B.

  • UK challenger bank OakNorth raised $30 million from legacy Sumitomo Mitsui Bank.

  • African peer-to-peer payments startup Chipper Cash raised $30 million.

  • True Balance, a South Korean fintech that focuses on financial inclusion in India, raised $28 million.

  • Renter-landlord billing authorization tech Obligo raised $15.5 million.

  • Mati, an identity-sharing API, raised a $13.5 million Series A.

  • Personalized employee financial wellness platform Northstar raised $10.7 million.

  • Nigerian challenger bank Kuda raised a $10 million seed.

  • Cardless, a platform that allows brands to run co-branded card programs, raised $10 million.

  • Wholesale and transaction payments platform Modulr raised £9 million from Paypal Ventures.

  • Philanthropy fintech Amicus.io raised an $8.7 million Series B.

  • UK banking-as-a-service provider Griffin raised £6.5 million.

  • European alternative investment platform Mintos crowdfunded €5.3 million.

  • Brazilian financial education platform Facio raised a $5 million seed.

  • Payments solutions and employee benefits provider Aya raised C$3.7 million.

  • Treasury management platform Stanhope Financial raised a $3.5 million round.

  • Gold savings and spending startup Glint Pay raised £2.5 million in new funding.

  • Juni, a Swedish banking app platform for e-commerce entrepreneurs, raised €2.1 million in seed funding.

  • ESG impact reporting firm YvesBlue raised a $2 million seed round.

  • Embedded payment platform Infinicept raised an undisclosed round from investors including Mastercard.

  • New Zealand SMB cash-flow insights startup Aider raised money from bank ANZ.

Exits and M&A

  • PNC Bank will buy the US operations of Spanish bank BBVA in a $11.6 billion deal, in one of the biggest bank M&A deals since the financial crisis. The deal will allow the Spanish bank to fund its acquisition of Banco Sabadell.

  • US buy-now-pay-later leader Affirm filed for an IPO that will value the company at up to $10 billion. Read the S-1 here.

  • In one of the biggest payments deals of the year, Italian processor Nexi SpA agreed to buy its rival, Nets A/S, to create the largest-volume payments firm in Europe.

  • German stock exchange operator Deutsche Borse will acquire 80% of Institutional Shareholder Services for $1.8 billion.

  • Swedish digital savings and investment platform Nordnet will go public on Nasdaq Stockholm for $1.1 billion.

  • The Department of Justice approved Mastercard’s $825 million Finicity acquisition, after pursuing Visa over Plaid for antitrust.

  • Telco Telenor sold cross-device company Tapad to Experian for $280 million.

  • Spanish bank Santander bought Wirecard’score European business for €100 million.

  • Lottery service provider NeoGames priced an $81.7 million IPO.

  • Canadian fintech Mogo will acquire digital payments startup Carta Worldwide in an all-share deal worth C$24.2 million.

  • French bank BNP Paribas is considering the sale of its Italian payments unit Axepta.

  • Nasdaq will acquire financial crime Saas platform Verafin.

  • Payroc acquired merchant payments provider Bluestone Payments.

  • Struggling UK lender The Co-operative Bank received a buyout offer from private equity firm Cerberus.

  • European banking software provider Sopra Steria is in talks to acquire Fidor Bank’s solutions unit.

  • Financial software provider Fenergo is considering a private sale rather than an IPO.

  • New Zealand financial technology firm FNZ acquired South African wealth administrator Silica for an undisclosed amount.

  • Asset management fund administrator Apex Group received an investment from private equity firm Carlyle Group.

  • Financial services insights provider Retail Finance Intelligence received a private equity investment from Diversis Capital.

SPACs

  • Far Peak Acquisition, founded by former NYSE President Tom Farley to acquire a fintech, filed for a $550 million IPO.

  • Victory Park Capital priced its second SPAC at $150 million.