Hello Fintech Friends,

Please find another week’s financing events and transactions below.

Financings

Amount, a technology provider for financial institutions, raised an $81 million Series C.
Indian credit card issuing startup CRED raised an $80 million Series C.
Monzo, the UK neobank, raised £60 million in funding as an extension to its June round.
Step, the digital bank for the Tiktok generation, raised $50 million from your run-of-the-mill fintech investors including The Chainsmokers, Justin Timberlake, Charli D’Amelio, Eli Manning, and Will Smith.
Moov, an open-source banking platform on a mission to embed financial services into the internet, raised a $27 million Series A.
Canadian wealthtech PureFacts Financial Solutions raised C$20 million from backers including Scotiabank, a week after acquiring rival Quartal Financial Solutions.
Pave, a startup looking to fix the pay / wage gap, raised a $16 million Series A.
Pockit, a UK fintech for underbanked consumers, raised £15 million.
ConnexPay, a marketplace consumer and supplier payments software, raised $15 million from the parent of Fidelity.
Primer, a UK online checkout API, raised a £14 million Series A.
Indian investment platform Fisdom raised $7 million in new funding.
Ziglu, a payments app from the former Starling Bank co-founder, raised £6 million in crowdfunding.
Earlybird, a platform for investing in childrens’ futures, raised a $2.4 million seed round.
ReceiptHero, a Finnish platform for the transmission of rich receipt data, raised €2 million in seed funding.
CredPal raised a $1.5 million seed to launch its credit card platform in Nigeria.
OwnHome, which helps renters become homeowners, raised £150,000 from the Commonwealth Bank of Australia.
ESG insight firm Matter received an undisclosed investment from Nasdaq Ventures.
York Capital invested an undisclosed amount in F1 Payments.
The Caisse de dépôt et placement du Québec made a strategic investment in exchange operator IEX Group.

Exits and M&A

In an enormous financial data merger, S&P Global agreed to buy IHS Markit for $44 billion. This follows a wave of consolidation in the financial data space, including London Stock Exchange’s $27 billion acquisition of Refinitiv (for which it is expected to win approval shortly).
Australia’s Westpac Bank sold its insurance unit to Allianz for $535 million.
Lightspeed POS acquired restaurant software provider Upserve for $403 million.
Affirm agreed to buy its Canadian counterpart, PayBright, for C$340 million.
South African fintech Ukheshe acquired Oltio, the Mastercard entity responsible for Masterpass.
Spanish Banco Sabadell is looking to sell its troubled UK banking unit, TSB, after merger talks with BBVA fell through.
Grab and Gojek are (after much dancing) reportedly close to terms for a merger.

SPAC

Investment bank Perella Weinberg Partners is close to a merger deal with FinTech Acquisition Corporation IV.
Golden Falcon Acquisition filed for a $250 million TMT and fintech SPAC.
Far Peak Acquisition priced a $550 million IPO to acquire a fintech.

(Source)

This Week in Fintech (12/5)

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