In financial services, quantum computing is big business 🖥️ (TWIF 1/20)

Quantinuum, a quantum computing startup with many financial services institutions as customers, raised $300 million at a $5 billion valuation from JP Morgan.

HashKey, the operator of two Hong Kong-licensed crypto exchanges, raised $100 million at a $1.2 billion valuation.

DailyPay, the earned wage access provider to workers, raised $75 million in new equity at a $1.75 billion valuation.

Digital Onboarding, a customer engagement solution built for banks, raised $58 million.

Flowdesk, a French market-maker-as-a-service for crypto and tradfi institutions, raised $50 million.

Pomelo, an Argentinian provider of payment infrastructure, raised a $40 million Series B.

10x Banking, a UK provider of a core banking system, raised £35 million from investors including BlackRock and JPMorgan Chase.

Billink, a Dutch buy-now-pay-later provider, raised €29.5 million from German bank Varengold Bank.

Kashable, a provider of credit and financial wellness solutions to employees, raised $25.6m

Vertice, an expense management tool focused on software spend, raised $25 million.

Panacea, a neobank and provider of loan, banking and insurance services, raised a $24.5 million Series B.

Kiln, a provider of white-label infrastructure-focused crypto staking technology, raised $17 million.

Carmoola, a British car financing platform, raised a £15.5 post-Series A.

Prometeo, a Uruguayan startup building open banking products to function across Latin America, raised a $13 million Series A.

Woo, the provider of a crypto exchange, raised $9 million in order to improve liquidity.

PredictAP, an invoice ingestion & coding solution for real estate accounts payable, raised an $8 million Series A.

Briq, a startup that uses AI to automate finances in construction, raised an $8 million Series B extension at at $150 million valuation.

Upswing, an Indian provider of a multi-bank deposit product, raised a $4.2 million pre-Series A.

Zeal, an Egyptian app which allows users to link a payment method to the app's QR code, raised $4 million.

Tandem, an app for couples to manage their finances together (below), raised $3.7 million.

Canza Finance, a Nigerian cryptocurrency platform, raised $2.3 million to get a banking license and build DeFi products.

Depasify, a Spanish startup bridging traditional financial services and digital assets, raised €2 million.

Truewind, an accounting copilot, raised $1 million.

CollateralEdge, a solution that enables community and regional banks to structure more competitive commercial loans, raised strategic funding.

Victory Park Capital provided retail finance provider Zip with a new $225 million credit facility.

ThomVest raised $250 million for a new fund focused on fintech, cybersecurity, and AI.

Kazakhstani provider of online banking, payments, and marketplace Kaspi set terms for its US IPO. The company plans to raise $873 million.

American Express soldAccertify, whose technology helps retailers prevent credit card fraud, to private-equity firm Accel-KKR.

Encompass Corporation, a KYC provider, acquired two compliance startups - CoorpID and Blacksmith - developed by Dutch bank ING.

Onbe, the former Wirecard North America that merged with daVinci Payments in 2020, is reportedly looking for a buyer. It is valued at around $2 billion.

Ukheshe, African provider of a single API to integrate fully digital financial services, including wallet and payment methods, acquired acquiredEFT, a pan-African payment solutions and financial switching provider.

Private equity firm Rockbridge acquiredTouchFuse, a platform that allows financial advisors nationwide to manage the full spectrum of their marketing campaigns.

EquiLend, a securities lending platform, was acquired by private equity firm WCAS.

Ascent Technologies, a provider of AI-enabled compliance automation solutions for financial services companies, was acquired by private equity firm Edgewater.

Bain Capital is considering a sale of British payroll firm Zellis that could value the company at about £2 billion.

UK boutique investment banks Panmure Gordon and rival Liberum agreed to merge, creating Britain's largest investment bank.