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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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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 (11/27)

This Week in Fintech (11/27)

Hello Fintech Friends,

We have less than a week until the inaugural Fintech Formal!

Thank you once again to our sponsors:

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

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

  • MoonPay, a dollar to crypto on-ramp, raised $555 million at a $3.4 billion valuation.
  • Gemini, a digital currency exchange, raised $400 million at a $7.1 billion valuation.
  • Allica, a small business-focused UK neobank, raised a £110 million Series B.
  • Payhawk, a UK corporate card provider, raised a $112 million Series B at a $570 million valuation.
  • Pace, a Singaporean buy-now-pay-later lender, raised a $40 million Series A.
  • Truepay, a Brazilian buy-now-pay-later startup, raised a $32 million Series A.
  • Fonoa, an Irish tax compliance provider, raised a $20.5 million Series A.
  • Vesttoo, an alternative investment platform, raised a $15 million Series B.
  • GPARENCY, a mortgage banking platform, raised $15 million.
  • Kafene, a point-of-sale financing provider, added $15 million to its Series A and raised $50 million in debt.
  • Crowdcube, a UK crowdfunding platform, raised $13.5 million itself.
  • Z1, a Brazilian neobank, raised a $10 million Series A.
  • Pomelo Pay, a digital payments company, raised a $10 million Series A.
  • Slope, a global B2B payments platform, raised $8 million in seed funding.
  • Column Tax, a personal income tax software provider, raised a $5.1 million seed.
  • Synch, an Irish banking joint venture building a multi-bank payment app, raised €5 million.
  • EarlyBird, a kids’ investing app, raised a $4 million seed.
  • OnePipe, a Nigerian embedded finance provider, raised a $3.5 million seed.
  • Näktergal, a Swedish cloud-based lender, raised €1 million.
  • Basiq, an Australian open banking platform, received an equity investment from Visa.
  • Fronted, a UK rental deposit lender, raised £20 million in debt and equity.
  • Freetrade, a UK investing platform, launched a crowdfunding round at a £650 million valuation (and raised £8 million on its first day).

Source: Slope

💰 Venture Funds

  • VentureSouq, a Middle East and North Africa fintech venture fund, raised $50 million.
  • Seaya Ventures and Cathay Innovation launched a $125 million fund for Latin American fintechs.

☯️ Exits

💻 IPOs
  • Saudi exchange operator Tadawul set terms for a $1 billion IPO.
  • Nubank is prepping twin public listings next month: on the US New York Stock Exchange and Brazilian B3.
📈 SPACs
  • Globalink Investment filed for a $100 million SPAC targeting payments.
🤝 M&A - Fintech
  • ID and KYC provider GBG bought KYC provider Acuant for $736 million.
  • Revolut acquired hospitality point-of-sale payment system Nobly.
  • Data analytics firm Uplinq will buy financial modeling company Verde.
  • Electronic trading firm smartTrade acquired FX and payments provider TickTrade.
  • Klarna continued its acquisition spree by buying browser extension Piggy.
  • Mastercard acquired Arcus, a Latin American provider of bill-pay and real-time payment solutions and an alum of its Start Path program.
  • Ramsey Solutions acquired Apay Financial.
  • Event payment management app Blackthorn acquired text provider Textey.
  • Singapore’s Coda Payments is looking to sell itself for a $4 billion price.
🏦 M&A - Bank and FinServ
  • US private equity firms have made a takeover offer for Germany’s Aareal Bank for $1.9 billion.
  • UK neobank Allica Bank bought the £600 million small business loan book of Allied Irish Bank.
  • Private equity firm Warburg Pincus is weighing an acquisition of the wealth management unit of China’s Everbright Bank.

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🌎 Fintech Around the World

Global investment money is flooding into Africa’s fintechs

There will be no escaping Ghana’s new levy on electronic transactions

Curb your enthusiasm: payment service banks and financial inclusion in Nigeria

Dirty dollars: how tattered US notes became the latest street hustle in Zimbabwe

One in two Brits to ditch credit cards for Christmas

📚 Deeper Reads

How to protect your money from inflation

How Fintech Is Meeting The Needs Of The Unbanked — Now And In The Future

How will Visa Amazon Play Out?

QR payments on the menu for Covid-hit restaurants

What to know about the 2021 National Dog Show on Thanksgiving Day


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