Hello Fintech Friends,

Please find another week’s financing events and transactions below.

Financings

• Pico, a tech provider to financial markets, raised a $135 million round of growth funding.
• Tink, the Swedish open banking platform, raised €85 million at a €680 million valuation.
• Fetch Rewards, a retail transaction rewards app, raised an $80 million Series C.
• Global payroll technology platform Immedis raised $50 million, valuing the company at €500 million.
• Fintech and cryptocurrency trading provider to Latin America Bitso raised $62 million in new funding.
• CHAI, an API that enables companies to connect to over 20 payment systems, raised a $60 million Series B.
• Solactive, a German provider of index solutions to the financial services industry, raised €50 million.
• albo, a Mexican challenger bank, raised $45 million.
• Cleo, the app-based UK financial assistant, raised a $44 million Series B.
• GoHenry, a US and UK prepaid card for 6-18 year olds, raised $40 million.
• Outfund, a UK revenue-based financing platform, raised £37 million in “late seed funding.”
• tabby, a UAE and Saudi buy-now-pay-later platform, raised a $23 million Series A.
• Unit, the banking-as-a-service provider that wants to embed financial services into the internet economy, raised $18.6 million.
• Updraft, a UK lending, credit report, and financial planning app, raised £16 million in equity and debt.
• Syncteraraised a $12.4 million seed for its financial services community bank matching platform.
• Mintos, an alternative investing platform for investing in loans across Europe, raised €7.2 million.
• Finch raised a $3.5 million seed to build a comprehensive payroll API.
• Pomelo Pay, which enables merchants to accept payments via QR, API, and NFC, raised a £2.1 million seed.
• Aqua Digital Rising, which develops investable indices based on human achievement, raised $1.4 million in crowdfunding.
• Rundit, a Finnish portfolio monitoring startup, raised €1 million in seed funding.
• Sightline Payments received a strategic investment from Searchlight Capital Partners.
• India’s PhonePe is in talks to spin off from parent Flipkart and raise $700 million to fund growth.

Exits and M&A

• Robinhood hired Goldman Sachs to lead its IPO, which could value the company at up to $20 billion.
• Link Administration Holdings, a service provider to Australian financial institutions, received a A$3.02 billion takeover bid from SS&C Tech.
• Alliance Data completed its previously-announced acquisition of Bread Finance for $450 million.
• Lender and consumer matchmaking platform Upstart filed for a $252 million IPO.
• eOriginal, a financial services documentation and signature platform, will be acquired by Wolters Kluwer for $280 million.
• JP Morgan agreed to acquire fintech 55ip to help its asset management clients with their tax liabilities.
• Mexican neobank Fondeadora acquired rival neobank Mibo.
• Investment firm Apollo made an offer to take struggling ATM company Cardtronics private.
• Reuters broke a story that China’s Ant Group is considering selling its 30% stake in Indian payment processor Paytm due to international tensions, however official sources contest the story.
• Management and technology consultancy Capco announced its acquisition of andrion, a Swiss consultant to the financial services industry.

SPAC

• Altimar Acquisition is in talks to combine with Dyal Capital and Owl Rock Capital, at a combined enterprise value of around $13 billion.
• Former Fidelity Chairman Bill Foley’s Trasimene Acquisition Corp II has agreed to merge with Paysafe, valuing the payments platform at $9 billion.
• Motive Capital, a fintech SPAC, filed for a $360 million IPO.
• FinTech Acquisition V, a SPAC led by The Bancorp management, filed for a $215 million IPO.
• SoFi is reportedly in talks with blank-check companies to go public.

Source: Not Boring