This Week in Fintech (11/20)

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Please find another week of fintech financings and exits below.


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💼 Open Role Spotlight

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💸 Venture Financing

44 rounds this week… nuts.

  • Farmers Business Network, a farmer-to-farmer payments and commerce platform, raised $300 million at a $3.9 billion valuation from Fidelity.

  • Upgrade, a credit and mobile banking company, raised a $280 million Series F at a $6 billion pre-money valuation.

  • Podium, which provides messaging-based customer payment solutions to small businesses, raised a $201 million Series D.

  • ConsenSys, an ethereum developer, raised $200 million from backers including HSBC.

  • CloudWalk, a Brazilian payments provider, raised a $150 million Series C at a $2.15 billion valuation.

  • Airwallex, the Australian payments platform, added $100 million to its Series E at a $5.5 billion valuation.

  • Settle, a cashflow management company, raised a $60 million Series B.

  • Justt, an Israeli startup that helps merchants mitigate transaction chargebacks, raised a $50 million Series B.

  • Yieldstreet, an alternative investing platform, raised a strategic $50 million investment.

  • 8fig, a provider of supply chain financing, raised a $50 million Series A.

  • Ozow, a South African payments gateway, raised a $48 million Series B.

  • Imprint, a developer of branded payments and rewards products, raised $38 million in Series A funding.

  • Aplazo, a Mexican buy-now-pay-later startup, raised a $27 million Series A.

  • UNest, a parental investment app for kids’ savings, raised a $26 million Series B.

  • Hum Capital, a platform for equity fundraising, closed a $21 million Series A.

  • Velocity, an Indian revenue-based financing platform, raised a $20 million Series A.

  • PayZen, a buy-now-pay-later platform for healthcare, raised a $15 million Series A.

  • Sleek, an incorporation and financial management platform for Singapore and Hong Kong SMBs, raised a $14 million Series A.

  • Party Round, the startup funding platform of the future, raised a $7 million seed round.

  • Bita, a German investing index provider, raised a €6 million Series A.

  • Alex, a fixed-rate defi bitcoin lending platform, raised $5.8 million.

  • Composer, a composable trading and investing strategy app, raised CAD $6.73 million ($5.35 million).

  • NFTfi, a South African marketplace for using NFTs as lending collateral, raised $5 million.

  • Pockid, a German banking app for young people, raised €4 million.

  • Sedric, a machine-learning consumer protection compliance provider, raised $3.5 million.

  • Kippa, a Nigerian small business financial management app, raised a $3.2 million pre-seed.

  • Nomod, a softPOS alternative to payment terminals, raised a $3.4 million seed.

  • Plug, a Brazilian payment acceptance platform, raised $2.7 million.

  • Plentina, a Filipino buy-now-pay-later startup, raised $2.2 million.

  • Okredo, a Latvian open banking platform, raised a €1 million seed.

  • Verity, a UAE family banking app, raised an $800,000 pre-seed.

  • Sibill, a digital cash flow data aggregator, raised a €500,000 pre-seed.

  • Aqua Security, a cloud security provider, received a strategic investment from Capital One.

  • Aboki, a “TransferWise for Africa,” raised a pre-seed.

  • Greenspark, an environmental impact offsetting software, raised funding from BBVA.

  • Beacon Pointe, an investment advisor, raised funding from KKR.

  • Oxygen, a freelancer-focused neobank, is in talks to raise $70 million at a $500 million valuation.

  • Arbo Works, a financial management platform, raised seed funding.

  • Qupital, a Hong Kong cross-border lender, raised a $150 million combined Series B and debt capital.

  • Gemini, the alternative currency exchange, is looking to raise $400 million at a $7 billion valuation.

  • Anchorage, a crypto custody firm for financial institutions, is raising funds at a $3 billion valuation.

  • Cellulant, a Kenyan fintech provider, is in the market to raise $150 million.

  • The European Payments Initiative, an alternative to the dominant credit card networks, is considering seeking outside funding.

  • Freetrade, a commission-free trading app, is starting a crowdfunding campaign.

💵 Debt Financing

  • Kontist, a German freelancer banking app, raised a $4.5 million credit facility.

☯️ Exits

💻 IPOs

  • Wealth management platform InvestCloud is considering a $10 billion UK IPO.

  • Indian payments giant Paytm dropped a massive 27% on the first day of its IPO.

📈 SPACs

  • Motive Capital II, a fintech-focused SPAC, filed for a $250 million IPO.

🤝 M&A - Fintech

  • BM Technologies, a neobank, will merge with Seattle-based First Sound Bank.

  • Core banking provider nCino acquired mortgage facilitation platform SimpleNexus for $1.2 billion.

  • Non-prime consumer lender CURO agreed to acquire lender Heights Finance for $335 million cash and $25 million of stock.

  • Global exchange CBOE agreed to acquire Canadian stock exchange operator Aequitas Innovations, known as NEO.

  • Oportun, a consumer lending platform, will acquire neobank Digit for $212.9 million.

  • Financial services marketplace MoneyLion acquired content creation platform Malka.

  • Altus Group, a real-estate investing platform, acquired Reonomy, a real-estate data platform, for $201.5 million.

  • Financial security platform Sift acquired password provider Keyless.

  • Wealthfront is exploring options to sell itself at a $1.5 billion valuation.

🏦 M&A - Bank and FinServ

  • US Bank will buy expense management and travel platform TravelBank.

  • The Norwegian Competition Authority blocked the proposed acquisition of Sbanken by DNB (Norway’s largest bank)


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