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The Front Page of Global 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 (1/30)

This Week in Fintech (1/30)

Hello Fintech Friends,

Please find another week of financings and transactions below.


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Financings

  • Loanpal, a solar power installation lender, raised $800 million.
  • Nubank raised a $400 million Series G at a $25 billion valuation.
  • Melio, an Israeli back-end system for business supplier payments, raised $110 million.
  • Stripe led a $102 million round into online checkout solution Fast - it will be interesting to see how and whether Fast competes with Stripe Checkout.
  • Personal financial management service Albert raised $100 million.
  • Online checkout solution provider Bolt raised a $75 million Series C.
  • Canada’s payment processing platform Paystone raised C$69 million in equity and debt.
  • Pilot raised a $60 million Series C to build CFO tools for small businesses.
  • French startup Alma raised a $59.4 million Series B to build a buy-now-pay-later service.
  • iStox, a Singaporean platform for making private equity investments more accessible, raised a $50 million Series A.
  • Payroll infrastructure startup Check raised a $35 million Series B from investors including Stripe.
  • Home lending startup Roostify raised a $32 million Series C.
  • Token, a UK payments platform, raised a $15 million Series B.
  • Digital banking transformation provider Apiture raised $10 million in new funding.
  • Goalsetter, a personal financial management app for kids, raised $3.9 million, including from NBA stars Kevin Durant and Chris Paul.
  • Spanish bank Santander invested €2 million in SMB-focused startup Connecting Visions.
  • Mainstreet raised an undisclosed amount at a $500 million valuation.

Exits and M&A

Fintech
  • Payments firm Flywire is planning a US IPO this year at a valuation of up to $3 billion.
  • ATM operator Cardtronics accepted a $2.5 billion takeover bid from NCR.
  • Mortgage lender Home Point Capital set terms for an IPO.
  • The Luxembourg Stock Exchange acquired a 22.8% stake in data handling company Tetrao.
  • Consumer credit provider Synchrony will acquire point-of-sale financing solution Allegro Credit.
  • Coinbase announced that it will IPO via direct listing.
Bank
  • Aadhar Housing Finance, an Indian lender backed by Blackstone, filed for a $1 billion IPO.
Investment Management
  • Envest Capital Partners acquired financial advisor Bell & Williams Associates.
  • Mercer Global Advisors continued its acquisition streak with the purchase of Marrs Wealth Management.
SPACs
  • Residential solar lending platform Sunlight Financial will list through a merger with Spartan Acquisition Corp. II, at an enterprise value of $1.3 billion.
  • LMF Acquisition Opportunities priced a $90 million fintech-focused SPAC IPO.
  • Mobile Credit Payment will become the first fintech listed on the Singapore Exchange, through a merger with SPAC Artivision Technologies.
  • Former Credit Suisse CEO Brady Dougan, hedge fund Morgan Creek and fintech company Exos Financial are launching a SPAC ETF.