Hello Fintech Friends,
Please find another week’s financing events and transactions below.
Pico, a tech provider to financial markets, raised a $135 million round of growth funding.
Tink, the Swedish open banking platform, raised €85 million at a €680 million valuation.
Fetch Rewards, a retail transaction rewards app, raised an $80 million Series C.
Global payroll technology platform Immedis raised $50 million, valuing the company at €500 million.
Fintech and cryptocurrency trading provider to Latin America Bitso raised $62 million in new funding.
CHAI, an API that enables companies to connect to over 20 payment systems, raised a $60 million Series B.
Solactive, a German provider of index solutions to the financial services industry, raised €50 million.
albo, a Mexican challenger bank, raised $45 million.
Cleo, the app-based UK financial assistant, raised a $44 million Series B.
GoHenry, a US and UK prepaid card for 6-18 year olds, raised $40 million.
Outfund, a UK revenue-based financing platform, raised £37 million in “late seed funding.”
tabby, a UAE and Saudi buy-now-pay-later platform, raised a $23 million Series A.
Unit, the banking-as-a-service provider that wants to embed financial services into the internet economy, raised $18.6 million.
Updraft, a UK lending, credit report, and financial planning app, raised £16 million in equity and debt.
Syncteraraised a $12.4 million seed for its financial services community bank matching platform.
Mintos, an alternative investing platform for investing in loans across Europe, raised €7.2 million.
Finch raised a $3.5 million seed to build a comprehensive payroll API.
Pomelo Pay, which enables merchants to accept payments via QR, API, and NFC, raised a £2.1 million seed.
Aqua Digital Rising, which develops investable indices based on human achievement, raised $1.4 million in crowdfunding.
Rundit, a Finnish portfolio monitoring startup, raised €1 million in seed funding.
Sightline Payments received a strategic investment from Searchlight Capital Partners.
India’s PhonePe is in talks to spin off from parent Flipkart and raise $700 million to fund growth.
Exits and M&A
Robinhood hired Goldman Sachs to lead its IPO, which could value the company at up to $20 billion.
Link Administration Holdings, a service provider to Australian financial institutions, received a A$3.02 billion takeover bid from SS&C Tech.
Alliance Data completed its previously-announced acquisition of Bread Finance for $450 million.
Lender and consumer matchmaking platform Upstart filed for a $252 million IPO.
eOriginal, a financial services documentation and signature platform, will be acquired by Wolters Kluwer for $280 million.
JP Morgan agreed to acquire fintech 55ip to help its asset management clients with their tax liabilities.
Mexican neobank Fondeadora acquired rival neobank Mibo.
Investment firm Apollo made an offer to take struggling ATM company Cardtronics private.
Management and technology consultancy Capco announced its acquisition of andrion, a Swiss consultant to the financial services industry.
Altimar Acquisition is in talks to combine with Dyal Capital and Owl Rock Capital, at a combined enterprise value of around $13 billion.
Former Fidelity Chairman Bill Foley’s Trasimene Acquisition Corp II has agreed to merge with Paysafe, valuing the payments platform at $9 billion.
Motive Capital, a fintech SPAC, filed for a $360 million IPO.
FinTech Acquisition V, a SPAC led by The Bancorp management, filed for a $215 million IPO.
SoFi is reportedly in talks with blank-check companies to go public.
Source: Not Boring