This Week in Fintech (12/26)

This Week in Fintech (12/26)

Hello Fintech Friends,

I hope you’ll join us at Sundance in Park City for our January 27th meetup.

And, I may be doing it wrong, but I can assure you… this does not apply to me:

If you are making six figures as a fintech influencer… uh… send some tips?

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.


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💼 Open Role Spotlight

Conduit, which enables companies to launch crypto-backed products for their customers in days, not months, with one API for DeFi, is hiring a Business Development Lead for LatAm.

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

  • Razorpay, an Indian online payments platform, raised a $375 million Series F at a $7 billion valuation.
  • MoMo, a Vietnamese digital wallet and payment app, raised $200 million at a $2 billion valuation.
  • Addi, a Colombian buy-now-pay-later builder, raised $80 million at a $700 million valuation (and also secured $125 million in debt financing).
  • Uni, an Indian provider of pay-later cards, raised a $70 million Series A.
  • Taptap Send, a cross-border payments provider to underserved markets, raised $65 million.
  • Juspay, an Indian payments firm, raised $60 million.
  • Ampla, a revenue-based financing provider to consumer-facing commerce brands, raised a $40 million Series A.
  • Proxymity, a digital investor communications platform, raised a $31 million Series B.
  • Ant Money, a micro-income startup from the Acorns founder, raised $20 million across a seed round and Series A.
  • Carats & Cake, a point-of-sale financing solution for venues and property groups, raised $19.3 million.
  • Conta Simples, a Brazilian Brex competitor, raised a R$121.4 million ($21 million) Series A.
  • Bureau, a secure transaction and ID verification vendor to emerging markets, raised a $12 million Series A.
  • SimpliFi, a MENA card issuing platform, raised $5.1 million.
  • LiveFlow, a real-time accounting data startup, raised a $3.5 million seed round.
  • Credix, a decentralized credit marketplace, raised a $2.5 million seed round.
  • nr2, an AngelList equivalent for South Korea and China, raised funding.

💵 Debt Financing

  • UK business lender Simply secured a £300 million debt facility from the British Business Bank.
  • Spanish consumer lending app Ibancar raised a €10 million credit facility.

☯️ Exits

🤝 M&A - Fintech
  • Private equity firm Thoma Bravo acquired business payments technology provider Bottomline for $2.6 billion in cash.
  • Australian shareholder registry Link Administration may have finally found a buyer in Canadian software firm Dye & Durham, which offered $2.48 billion.
  • Publicly-listed mortgage provider Rocket Companies agreed to acquire personal financial management app Truebill and its 2.5 million users for $1.275 billion in an all-cash deal.
  • Money transfer firm OFX Group acquired Canadian forex provider Firma Foreign Exchange.
  • UK PFM Monese acquired freelancer banking app Trezeo.
  • Mastercard acquired Dynamic Yield, a personalization engine, from McDonald’s.
  • Wealth management platform FNZ sold financial technology provider GBST to Anchorage Capital.
  • Investment management software SS&C Technologies Holdings took a stake in both Equiniti and American Stock Transfer & Trust Company.
  • Visa finalized its acquisition of CurrencyCloud.
🏦 M&A - Bank and FinServ
  • Canada’s BMO Financial Group announced that it will acquire California’s Bank of the West from European bank BNP Paribas for $16.3 billion
  • Financial services provider Athene acquired property lender Petros PACE Finance.
  • Private equity group BCB Group is acquiring Germany’s Sutor Bank.

Sponsored Content

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🌎 Fintech Around the World

How to digitize a continent, or “offline” is still king

📚 Deeper Reads

What will be the future of the lending space?

The big ideas that fintech will tackle in 2022

Reflecting on Ramp's finance automation journey in 2021

Fintech Companies Have the Power to Advance Financial Inclusivity

PitchBook Analyst Note: 2022 US Private Equity Outlook

The rise of legal insider trading

U.K. Canines Dress in Victorian Christmas-Inspired Outfits to Compete in Dog Pageant


Have a news item for us? Reach out to news@thisweekinfintech.com.