This Week in Fintech (1/30)

Hello Fintech Friends,

Please find another week of financings and transactions below.


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Financings

  • Loanpal, a solar power installation lender, raised $800 million.

  • Nubank raised a $400 million Series G at a $25 billion valuation.

  • Melio, an Israeli back-end system for business supplier payments, raised $110 million.

  • Stripe led a $102 million round into online checkout solution Fast - it will be interesting to see how and whether Fast competes with Stripe Checkout.

  • Personal financial management service Albert raised $100 million.

  • Online checkout solution provider Bolt raised a $75 million Series C.

  • Canada’s payment processing platform Paystone raised C$69 million in equity and debt.

  • Pilot raised a $60 million Series C to build CFO tools for small businesses.

  • French startup Alma raised a $59.4 million Series B to build a buy-now-pay-later service.

  • iStox, a Singaporean platform for making private equity investments more accessible, raised a $50 million Series A.

  • Payroll infrastructure startup Check raised a $35 million Series B from investors including Stripe.

  • Home lending startup Roostify raised a $32 million Series C.

  • Token, a UK payments platform, raised a $15 million Series B.

  • Digital banking transformation provider Apiture raised $10 million in new funding.

  • Goalsetter, a personal financial management app for kids, raised $3.9 million, including from NBA stars Kevin Durant and Chris Paul.

  • Spanish bank Santander invested €2 million in SMB-focused startup Connecting Visions.

  • Mainstreet raised an undisclosed amount at a $500 million valuation.

Exits and M&A

Fintech
  • Payments firm Flywire is planning a US IPO this year at a valuation of up to $3 billion.

  • ATM operator Cardtronics accepted a $2.5 billion takeover bid from NCR.

  • Mortgage lender Home Point Capital set terms for an IPO.

  • The Luxembourg Stock Exchange acquired a 22.8% stake in data handling company Tetrao.

  • Consumer credit provider Synchrony will acquire point-of-sale financing solution Allegro Credit.

  • Coinbase announced that it will IPO via direct listing.

Bank
  • Aadhar Housing Finance, an Indian lender backed by Blackstone, filed for a $1 billion IPO.

Investment Management
  • Envest Capital Partners acquired financial advisor Bell & Williams Associates.

  • Mercer Global Advisors continued its acquisition streak with the purchase of Marrs Wealth Management.

SPACs
  • Residential solar lending platform Sunlight Financial will list through a merger with Spartan Acquisition Corp. II, at an enterprise value of $1.3 billion.

  • LMF Acquisition Opportunities priced a $90 million fintech-focused SPAC IPO.

  • Mobile Credit Payment will become the first fintech listed on the Singapore Exchange, through a merger with SPAC Artivision Technologies.

  • Former Credit Suisse CEO Brady Dougan, hedge fund Morgan Creek and fintech company Exos Financial are launching a SPAC ETF.