This Week in Fintech (11/28)

This Week in Fintech (11/28)

Hello Fintech Friends,

Please find a shorter week of financing events and transactions below.

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  • Saudi mobile wallet Stc Pay raised $200 million from Western Union at a $1.3 billion valuation.
  • US neobank Current raised a $131 million Series C and announced that it had doubled its userbase to 2 million in 6 months.
  • Cashfree, an Indian business payments startup, raised $35.3 million in new funding.
  • HMBradley, a savings-focused neobank, raised an $18.25 Series A.
  • Weavr, which is building an orchestration layer for service providers to integrate with banking products, raised a $4 million seed round.
  • Productfy raised $2.35 million to enable non-bank companies to build fintech products.
  • Charityvest raised an additional $2.3 million of seed capital to build its donor-advised funds platform.
  • Restaurant PoS platform Toast allowed employees to sell 800,000 shares at an $8 billion valuation.
  • Stripe is in talks to fundraise at a $70 to $100 billion valuation.

Exits and M&A

  • Marqeta is targeting a $10 billion valuation in its upcoming 2021 IPO.
  • The Department of Justice gave the green light to Intuit for its $7.1 billion acquisition of Credit Karma, as Credit Karma announced that it will sell its tax prep business to Square, to be integrated into the Cash App.
  • France’s Credit Agricole made an $875 million offer for Italian bank Creval.
  • Worldremit is considering a 2021 IPO.
  • Investment platform Aperio was acquired by Blackrock.
  • US investment fund Davidson Kempner will buy $12.81 billion of Greece’s Alpha Bank’s bad loans.


  • Andrea Pignataro, founder of Italian financial data provider ION, is considering a SPAC to take a fintech public.