Weekly FinTech Round-Up by Nik Milanović

This article has been published in partnership with Nik Milanović (bio at the end of the article) and taken from This Week in Fintech, his weekly newsletter.

Venture Financing

  • Circle, a stablecoin and cryptocurrency provider building tools for financial services institutions to integrate crypto, raised $440 million from backers including Fidelity.
     
  • Forter, which helps e-commerce payment companies combat fraud, raised a $300 million Series F at a $3 billion valuation.
     
  • Zeta, an Indian banking startup, raised a $250 million Series D.
     
  • Snapdocs, a mortgage lending digital closing platform, raised a $150 million Series D.
     
  • Paysend, a UK mobile payments platform, raised a $125 million Series B at a $700 million valuation.
     
  • SpotOn, a provider of point-of-sale payment solutions, raised a $125 million Series D at a $1.75 billion valuation. 
     
  • Agicap, a French cashflow management platform, raised a $100 million Series B at a $500 million valuation.
     
  • Wayflyer, an Irish revenue-based financing platform like Clearbanc or Pipe, raised a $76 million Series A.
     
  • Resolve, a B2B buy-now-pay-later startup that spun out of Affirm, raised $60 million.
     
  • Super, a subscription home care company, raised a $50 million Series C from Wells Fargo.
     
  • Commonwealth Bank of Australia invested $50 million in online shopping platform Little Birdie and subscription electricity business Amber.
     
  • Stavvy, a mortgage payments startup, raised a $40 million Series A.
     
  • Talos, a digital asset trading platform for financial institutions, raised $40 million, including from PayPal and Fidelity.
     
  • ADDI, a Colombian and Brazilian buy-now-pay-later startup, raised a $35 million Series B.
     
  • Clara, a Mexican corporate spend startup, raised $30 million.
     
  • mx51, an Australian Payments-as-a-Service (PaaS) startup, raised $25 million from backers, including Mastercard.
     
  • Epsor, a French employee savings and financial planning app, raised a €20 million Series B.
     
  • Sentieo, a game-changing AI financial research platform, raised a $20 million Series B.
     
  • Solidus Labs, an asset risk surveillance firm, raised a $20 million Series A.
     
  • Curve, a UK over-the-top card provider, raised £9.9 million in crowdfunding.
     
  • Tilled, a payment facilitator as a service, raised an $11 million Series A.
     
  • CleverCards, an Irish B2B payments business, raised €10 million.
     
  • Verituity, a digital payments platform for bank treasuries, raised a $10 million Series A.
     
  • Axle, a freight financing service, raised a $10 million Series A.
     
  • Leif, a student loan platform, raised $10 million.
     
  • Future Family, a payment plan provider for fertility services, raised $9 million.
     
  • Kodo, an Indian corporate card startup, raised an $8.75 million seed from investors, including Brex.
     
  • Tiv, a payments platform for gaming, raised a $3.5 million seed.
     
  • Fraudio, a Dutch payments fraud detection startup, raised $3.3 million in seed funding.
     
  • Stockal, an Indian overseas investing startup, raised a $3 million pre-Series A.
     
  • Mono, a Nigerian financial services API, raised a $2 million seed.
     
  • Park Place Payments, a B2B payment processor, raised a $1.5 million seed.
     
  • BFREE, a Nigerian ethical credit startup, raised an $800,000 seed round.
     
  • JZ Lending Ltd, a holding company that owns Spanish consumer finance specialist Unión Financiera Asturiana (Ufasa), raised money from private equity investor Financial Services Capital.
     
  • Accounting Seed, an accounting and financial management software, received a growth investment.
     
  • iBanFirst, a cross-border payments solution, raised growth equity.
     
  • Klarna is reportedly raising money from SoftBank at a valuation of over $40 billion.
     
  • OPay, a Nigerian mobile money service, is reportedly raising $400 million at a $1.5 billion valuation.
     
  • Rumor: Sequoia is leading a round into Ndovu, a Kenyan investing app, at a $9 million valuation.
     

Debt Financing

  • Financial health platform Brigit raised $75 million in debt from Community Investment Management.
     
  • Student loan platform Leif raised $50 million of lending capital.
     
  • BNPL startup ADDI also raised $30 million in debt.

Venture Funds

  • PayPal committed an additional $50 million to black and Latinx-led venture capital funds.

Exits and M&A

FinTech

  • DLocal priced its Nasdaq IPO, set for next week, valuing the company at around $5 billion.
     
  • Paymentus stock popped 40% in its IPO; the company raised $210 million at a $3.4 billion valuation.
     
  • Indian digital payments provider Paytm will IPO this year at a valuation around $3 billion.
     
  • Flywire had a successful US IPO at a $2.8 billion valuation, raising $250 million.
     
  • Czech payments firm Eurowag is planning a $2 billion London IPO.
     
  • UK shareholder and market service provider Equiniti agreed to a £673m distressed takeover bid by private equity firm Siris Capital.
     
  • Stash, the consumer investing platform, is weighing options to go public. It’s last private valuation was $1.4 billion.
     
  • Ebanx, a Brazilian payments provider to Latin America, is prepping for an IPO and looking at acquisitions. 
     
  • Irish B2B payments firm CleverCards acquired ExpendiaSmart to pick up a European Money Institution license.
     
  • Social good neobank Aspiration is weighing an IPO.
     
  • Australian buy-now-pay-later firm Zip is entering Europe and the Middle East through its acquisitions of Czech firm Twisto and UAE firm Spotii.
     
  • Hong Kong financial services provider AMTD International plans to spin off its FinTech unit as a standalone in a US IPO.
     
  • Mission Lane, the financial health credit startup, acquired Honeydue to build out its financial literacy solutions.
     
  • Merchant payments provider FortisPay acquired rival EpicPay.
     
  • BNP Paribas became a co-owner of loyalty platform Joyn, along with other banks KBC and ING, by acquiring one-third of outstanding shares.
     
  • Private equity firm Thoma Bravo made a majority investment in clinical trial payments solution Greenphire.

Investment Management

  • Private equity firm Ares acquired real estate investment advisory Black Creek.
     
  • Charlesbank Capital Partners acquired an ownership stake in investment advisor Lido Advisors.

SPACs

  • Acorns will go public through a merger with SPAC Pioneer Merger Corp at a $2 billion valuation.

Deeper Reads