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The Front Page of Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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This Week in Fintech (11/22)

This Week in Fintech (11/22)

Hello Fintech Friends,

In honor of all the overworked startup PR teams trying to get their news out before the Thanksgiving holiday, here are 25 fundraising rounds, 19 M&A transactions, and 2 fintech SPACs announced in the past week.


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Financings

  • Gojek, the Indonesian payments and ride-hailing superapp, raised $150 million from the country’s largest telecom.
  • Wealth management software provider Addepar raised a $117 million Series E.
  • Italian mobile payments firm Satispay raised €93 million from investors including Square (which contributed $18 million) and Tencent.
  • Business-to-business payments platform Credit Key raised $33 million.
  • Alternative investment platform CAIS raised a $50 million Series B.
  • UK challenger bank OakNorth raised $30 million from legacy Sumitomo Mitsui Bank.
  • African peer-to-peer payments startup Chipper Cash raised $30 million.
  • True Balance, a South Korean fintech that focuses on financial inclusion in India, raised $28 million.
  • Renter-landlord billing authorization tech Obligo raised $15.5 million.
  • Mati, an identity-sharing API, raised a $13.5 million Series A.
  • Personalized employee financial wellness platform Northstar raised $10.7 million.
  • Nigerian challenger bank Kuda raised a $10 million seed.
  • Cardless, a platform that allows brands to run co-branded card programs, raised $10 million.
  • Wholesale and transaction payments platform Modulr raised £9 million from Paypal Ventures.
  • Philanthropy fintech Amicus.io raised an $8.7 million Series B.
  • UK banking-as-a-service provider Griffin raised £6.5 million.
  • European alternative investment platform Mintos crowdfunded €5.3 million.
  • Brazilian financial education platform Facio raised a $5 million seed.
  • Payments solutions and employee benefits provider Aya raised C$3.7 million.
  • Treasury management platform Stanhope Financial raised a $3.5 million round.
  • Gold savings and spending startup Glint Pay raised £2.5 million in new funding.
  • Juni, a Swedish banking app platform for e-commerce entrepreneurs, raised €2.1 million in seed funding.
  • ESG impact reporting firm YvesBlue raised a $2 million seed round.
  • Embedded payment platform Infinicept raised an undisclosed round from investors including Mastercard.
  • New Zealand SMB cash-flow insights startup Aider raised money from bank ANZ.

Exits and M&A

  • PNC Bank will buy the US operations of Spanish bank BBVA in a $11.6 billion deal, in one of the biggest bank M&A deals since the financial crisis. The deal will allow the Spanish bank to fund its acquisition of Banco Sabadell.
  • US buy-now-pay-later leader Affirm filed for an IPO that will value the company at up to $10 billion. Read the S-1 here.
  • In one of the biggest payments deals of the year, Italian processor Nexi SpA agreed to buy its rival, Nets A/S, to create the largest-volume payments firm in Europe.
  • German stock exchange operator Deutsche Borse will acquire 80% of Institutional Shareholder Services for $1.8 billion.
  • Swedish digital savings and investment platform Nordnet will go public on Nasdaq Stockholm for $1.1 billion.
  • The Department of Justice approved Mastercard’s $825 million Finicity acquisition, after pursuing Visa over Plaid for antitrust.
  • Telco Telenor sold cross-device company Tapad to Experian for $280 million.
  • Spanish bank Santander bought Wirecard’score European business for €100 million.
  • Lottery service provider NeoGames priced an $81.7 million IPO.
  • Canadian fintech Mogo will acquire digital payments startup Carta Worldwide in an all-share deal worth C$24.2 million.
  • French bank BNP Paribas is considering the sale of its Italian payments unit Axepta.
  • Nasdaq will acquire financial crime Saas platform Verafin.
  • Payroc acquired merchant payments provider Bluestone Payments.
  • Struggling UK lender The Co-operative Bank received a buyout offer from private equity firm Cerberus.
  • European banking software provider Sopra Steria is in talks to acquire Fidor Bank’s solutions unit.
  • Financial software provider Fenergo is considering a private sale rather than an IPO.
  • New Zealand financial technology firm FNZ acquired South African wealth administrator Silica for an undisclosed amount.
  • Asset management fund administrator Apex Group received an investment from private equity firm Carlyle Group.
  • Financial services insights provider Retail Finance Intelligence received a private equity investment from Diversis Capital.

SPACs

  • Far Peak Acquisition, founded by former NYSE President Tom Farley to acquire a fintech, filed for a $550 million IPO.
  • Victory Park Capital priced its second SPAC at $150 million.