In a slow year for fundraising, London fintechs still raised $9.5 billion (TWIF 12/10)

Nubank finds $300 million more for Mexico and Allica Bank closes a £100 million Series C

In a slow year for fundraising, London fintechs still raised $9.5 billion (TWIF 12/10)

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Please find another week of fintech financing events below.


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London has overtaken San Francisco and New York as the capital of fintech funding in the last year, attracting $9.5 billion in venture capital investments, while fintech venture funding is collapsing across the board.

💸 Venture Financing
  1. Nubank, the Brazilian consumer banking giant, announced a $330 million equity capitalization for its Mexican subsidiary.
  2. Allica Bank, a UK small business-focused neobank, raised a £100 million Series C.
  3. MarginEdge, a restaurant management and bill payment platform, raised a $45 million Series C.
  4. SetPoint, a infrastructure provider for asset-backed lending and real estate transactions, raised a $43 million Series A.
  5. Osome, a Singaporean financial administration platform, raised a $25 million Series B.
  6. 9Fin, a UK debt analytics platform, raised a $23 million Series A.
  7. Bitwave, a crypto tax accounting platform, raised a $15 million Series A.
  8. bondIT, a credit analytics and fixed income data provider, raised $14 million from backers including BNY Mellon.
  9. Carputty, an auto financing startup, raised a $12.3 million Series A.
  10. Syncfy, a Latin American open finance platform, raised a $10 million seed round.
  11. Cacheflow, an embedded finance startup for software sales optimization, raised $10 million.
  12. Pylon, an embedded mortgage-as-a-service provider, raised $8.5 million in seed funding.
  13. Uplinq, a bookkeeping and analysis platform for SMBs, raised $5.6 million in seed funding.
  14. Nikkl, which provides equity financing to employees of unicorns, raised $5 million.
  15. AltScore, a provider of B2B embedded lending infrastructure in Latin America, raised a $3.5 million seed round.
  16. Sion, a travel advisor commission payments platform, raised a $3.2 million seed round.
  17. Seeds, an investing personalization platform, raised a $2.7 million seed round.
  18. Flourish Fi, which licenses technology to LatAm banks and fintechs to help them better engage customers, raised a $2.3 million seed round.
  19. Akros, a Japanese asset management software builder, raised $2.3 million.
  20. Membrane Finance, a Finnish stablecoin service provider, raised a €2 million seed round and obtained an Electronic Money Licence.
  21. Finclusion, a pan-African neobank and credit provider, raised $2 million and rebranded to Fin.
  22. Tapline, a revenue-based financing provider for SaaS businesses, raised €1.7 million in equity and €30 million in debt.
  23. Vidyut, an Indian electric vehicle financing startup, raised $4 million (Rs 32 crore) in equity and debt.
  24. Proven Optics, a budgeting and financial forecasting tool for IT, raised funds.
  25. Loft, a Brazilian property sales and financing platform, denied reports that it raised funding at a 65% lower valuation ($1 billion).
💵 Debt Financing
  • Curve, an all-in-one credit card consolidation provider, raised a $1 billion credit facility from Credit Suisse.
  • Personal spending fintech Sunbit also raised a $250 million revolving debt facility from Credit Suisse.

Pssst - if you like early-stage fintech investing, come join our angel syndicate.