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For anyone who missed yesterday’s announcement, we now have two international issues!
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Please find another week of fintech financings and exits below.
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British fintech companies raised $5.7 billion over the first half of the year.
💸 Venture Financing
Insightsoftware, a global CFO suite, raised $800 million.
Carta, the cap table management software, is raising $500 to $600 million at a $7.4 billion valuation.
Lunar, a Scandinavian neobank, raised a €210 million Series D.
Quantexa, a financial crime platform, raised a $153 million Series D.
M1 Finance, a money management platform, raised a $150 million growth round at a $1.45 billion valuation.
Tide, a UK business finance platform that does business in India, raised a $100 million Series C.
Railsbank, a German banking-as-a-service provider, raised $70 million.
Augmentum, a publicly-listed UK fintech investment trust, raised £55 million.
Oy!, an Indonesian inter-bank transfer app, raised a $45 million Series A.
Cardless, a platform for brands to launch co-branded credit cards, raised a $40 million Series B.
Jasper Card, a rewards credit card, raised a $34 million Series A.
Sezzle, a buy-now-pay-later platform, raised $30 million from Discover, in an agreement which will also allow the network to launch Sezzle’s services to its customers.
Syfe, a Southeast Asian investment app, raised a $30 million Series B.
Morty, an online mortgage marketplace, raised a $25 million Series B.
Daloopa, an Indian financial data extraction startup, raised a $20 million Series A from Credit Suisse.
Play2Pay, a startup that allows customers to pay off bills by playing games, raised a $13 million Series A.
Tinvio, a Singaporean supply chain financing startup, raised a $12 million Series A.
Proper, an accounting platform for the real estate industry, raised a $9 million Series A.
Superfluid, a real-time finance platform, raised a $9 million seed round.
Marco Financial, a Latin America-focused business financier, raised a $7 million seed round.
Weavr, a UK embedded finance platform, raised a £7 million seed funding round.
Nethone, a Polish anti-fraud platform, raised $6.7 million.
Vara, an Indonesian digital payroll platform, raised a $4.8 million seed.
KodyPay, a payment method API for the hospitality industry, raised $3.25 million.
Limina, a Swedish platform modernizing investment management workflows, raised a $3 million Series A.
HelloFlow, a Danish no-code KYC platform for financial institutions, raised $1.6 million in seed funding.
CrediLinq, a Singaporean business lender, raised S$1.35 million.
Dinie, a Latin American embedded finance platform, raised funding from Accion.
Greenphire, a financial software for clinical trials, raised strategic funding from Thoma Bravo.
Apex Group, a global financial services provider, received an investment from Mubadala and Carlyle.
N26, a neobank, is looking to raise capital at a $10 billion valuation.
Mercury has reportedly raised a Series B at a $1.6 billion valuation.
Bolt, an online payments startup, is preparing to raise $300 million at a valuation potentially over $1 billion.
💵 Debt Financing
Jasper Card received $100 million in receivables financing from WebBank.
Marco Financial raised $75 million in debt alongside its seed round.
Blend Labs raised $360 million at a $5 billion valuation.
Paycor HCM - a payroll and HR software - set terms for an IPO at a $3.6 billion valuation.
Paytm is seeking Indian regulatory approval for an IPO that would value the company at $2.2 billion.
Indian mobile wallet MobiKwik is planning to raise up to $255 million at a $1 billion valuation in its IPO.
Bridge Investment Group, a real estate investment firm, raised $300 million in its IPO.
FinWise Bancorp, a Utah digital bank, filed for a $50 million IPO.
Southern States Bancshares, an Alabama bank, filed for a $35 million IPO.
Bullish, an American crypto exchange, will go public at a $9 billion valuation through a merger with the Far Peak Acquisition Corporation SPAC.
Sunlight Financial completed its SPAC merger with Spartan Acquisition Corp II on the NYSE.
Abri SPAC I filed for a $50 million IPO to buy a fintech.
🤝 M&A - Fintech
ABD Insurance and Financial Services is merging with Newfront Insurance at a $1.35 billion valuation.
P27 Nordic Payments received approval for its pan-Nordic fintech payments platform.
Swiss exchange operator SIX bought international index and ETF data specialist Ultumus.
US homebuying platform Better acquired UK online mortgage broker Trussle.
Australian neobank Volt acquired fintech lender Australian Mortgage.
Healthcare payments software Waystar will acquire patient payments platform Patientco.
UK lender Together Financial is evaluating selling itself for $1.4 billion.
Klarna acquiredHero, an in-store social shopping platform.
RVU, the owner of Uswitch, Confused.com and Money.co.uk, boughtMojo Mortgages in order to expand into UK mortgage leadgen.
🏦 M&A - Bank
National Australia Bank is in talks to buy Citigroup’s Australian business.
First United Bank acquired a minority interest in Exencial Wealth Advisors.
Japanese bank Sumitomo Mitsui will buy 5% of American investment bank Jefferies.
Citigroup will sell its Venezuelan operations to Banco Nacional de Crédito.
Vanguard, the asset manager, made its first acquisition in its 46-year history: California-based wealth management boutique Just Invest.
Leaders from banks, credit unions and investors are already confirmed - join these faces in Miami this September for two days of high-quality, in-person meetings. No keynotes. No panels. Just business. See who is already confirmed and apply to join here.
🌎 Fintech Around the World
Quirks and Opportunities in the LATAM Fintech Ecosystem | 77% of profitable challenger banks are in APAC with a market ripe for picking | Analyzing the Rise of Pakistani Startups | Southeast Asia Is World’s Fastest-Growing Mobile Wallet Market | Agency banking is transforming Nigerian business | Do white founders in Africa have an easier time getting capital? | All you need to know about Africa’s four (or maybe six) unicorns | African start-ups attract international investors — but need local ones too
📚 Deeper Reads
Fintech Doesn't Matter | Canceling Cash | Fintech Infrastructure 1.0: Coming of Age | How Revolut, Wise and DarkTrace must take on WhatsApp and TikTok | The Depths of DeFi | Buy Now, Pay Later Statistics | Apple may squash the buy now, pay later party | Redneck Bank | Dogs ‘just get’ humans in a way other animals don’t, evolutionary scientists conclude
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