This Week in Fintech (11/27)

Hello Fintech Friends,

We have less than a week until the inaugural Fintech Formal!

Thank you once again to our sponsors:

Pre-IPO: Fiserv and Cross River
Series A: Power
Seed: Ant Group, Codat, Payitoff
Pre-Seed: Better Tomorrow Ventures, Troop

Please find another week of fintech financings and exits below.

Editor’s Note: If you’re an early-stage startup founder raising equity or debt, we may be able to help - please see our primer for more details and reach out to nik@thisweekinfintech.com.

Sponsored Content

Fintech Meetup ticket prices go up on Friday! Need leads? Need partners? Need funding? Fintech Meetup is the answer--it’s the easiest way to fill your pipeline, meet new partners and find potential investors! 30,000+ double opt-in online meetings = 30,000+ opportunities to meet Fintechs, Banks, Credit Unions, Investors, Networks, Solution Providers, Media and many others! Online, March 22-24. Get Ticket Now

Want to sponsor a newsletter? See our sponsorship information here.

💼 Open Role Spotlight

Come find your place on the team at the most inspiring fintech startups! Browse open roles on This Week in Fintech’s job board.

💸 Venture Financing

MoonPay, a dollar to crypto on-ramp, raised $555 million at a $3.4 billion valuation.
Gemini, a digital currency exchange, raised $400 million at a $7.1 billion valuation.
Allica, a small business-focused UK neobank, raised a £110 million Series B.
Payhawk, a UK corporate card provider, raised a $112 million Series B at a $570 million valuation.
Pace, a Singaporean buy-now-pay-later lender, raised a $40 million Series A.
Truepay, a Brazilian buy-now-pay-later startup, raised a $32 million Series A.
Fonoa, an Irish tax compliance provider, raised a $20.5 million Series A.
Vesttoo, an alternative investment platform, raised a $15 million Series B.
GPARENCY, a mortgage banking platform, raised $15 million.
Kafene, a point-of-sale financing provider, added $15 million to its Series A and raised $50 million in debt.
Crowdcube, a UK crowdfunding platform, raised $13.5 million itself.
Z1, a Brazilian neobank, raised a $10 million Series A.
Pomelo Pay, a digital payments company, raised a $10 million Series A.
Slope, a global B2B payments platform, raised $8 million in seed funding.
Column Tax, a personal income tax software provider, raised a $5.1 million seed.
Synch, an Irish banking joint venture building a multi-bank payment app, raised €5 million.
EarlyBird, a kids’ investing app, raised a $4 million seed.
OnePipe, a Nigerian embedded finance provider, raised a $3.5 million seed.
Näktergal, a Swedish cloud-based lender, raised €1 million.
Basiq, an Australian open banking platform, received an equity investment from Visa.
Fronted, a UK rental deposit lender, raised £20 million in debt and equity.
Freetrade, a UK investing platform, launched a crowdfunding round at a £650 million valuation (and raised £8 million on its first day).

Source: Slope

💰 Venture Funds

VentureSouq, a Middle East and North Africa fintech venture fund, raised $50 million.
Seaya Ventures and Cathay Innovation launched a $125 million fund for Latin American fintechs.

☯️ Exits

💻 IPOs

Saudi exchange operator Tadawul set terms for a $1 billion IPO.
Nubank is prepping twin public listings next month: on the US New York Stock Exchange and Brazilian B3.

📈 SPACs

Globalink Investment filed for a $100 million SPAC targeting payments.

🤝 M&A - Fintech

ID and KYC provider GBG bought KYC provider Acuant for $736 million.
Revolut acquired hospitality point-of-sale payment system Nobly.
Data analytics firm Uplinq will buy financial modeling company Verde.
Electronic trading firm smartTrade acquired FX and payments provider TickTrade.
Klarna continued its acquisition spree by buying browser extension Piggy.
Mastercard acquired Arcus, a Latin American provider of bill-pay and real-time payment solutions and an alum of its Start Path program.
Ramsey Solutions acquired Apay Financial.
Event payment management app Blackthorn acquired text provider Textey.
Singapore’s Coda Payments is looking to sell itself for a $4 billion price.

🏦 M&A - Bank and FinServ

US private equity firms have made a takeover offer for Germany’s Aareal Bank for $1.9 billion.
UK neobank Allica Bank bought the £600 million small business loan book of Allied Irish Bank.
Private equity firm Warburg Pincus is weighing an acquisition of the wealth management unit of China’s Everbright Bank.

Sponsored Content

Zero Hash enables developers and businesses to integrate digital assets natively within their own customer experience quickly and easily. Zero Hash provides the complete turnkey solution to integrate digital assets experiences, without any regulatory overhead and a light technical lift (a matter of API endpoints). Their turnkey solution handles the entire back-end complexity and regulatory licensing required to offer digital asset products. Zero Hash is defining the new FinTech vertical of digital-assets-as-a-service.