This Week in Fintech
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This Week in Fintech (1/30)

This Week in Fintech (1/30)

Hello Fintech Friends,

Please find another week of financings and transactions below.

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Financings

  • Loanpal, a solar power installation lender, raised $800 million.
  • Nubank raised a $400 million Series G at a $25 billion valuation.
  • Melio, an Israeli back-end system for business supplier payments, raised $110 million.
  • Stripe led a $102 million round into online checkout solution Fast - it will be interesting to see how and whether Fast competes with Stripe Checkout.
  • Personal financial management service Albert raised $100 million.
  • Online checkout solution provider Bolt raised a $75 million Series C.
  • Canada’s payment processing platform Paystone raised C$69 million in equity and debt.
  • Pilot raised a $60 million Series C to build CFO tools for small businesses.
  • French startup Alma raised a $59.4 million Series B to build a buy-now-pay-later service.
  • iStox, a Singaporean platform for making private equity investments more accessible, raised a $50 million Series A.
  • Payroll infrastructure startup Check raised a $35 million Series B from investors including Stripe.
  • Home lending startup Roostify raised a $32 million Series C.
  • Token, a UK payments platform, raised a $15 million Series B.
  • Digital banking transformation provider Apiture raised $10 million in new funding.
  • Goalsetter, a personal financial management app for kids, raised $3.9 million, including from NBA stars Kevin Durant and Chris Paul.
  • Spanish bank Santander invested €2 million in SMB-focused startup Connecting Visions.
  • Mainstreet raised an undisclosed amount at a $500 million valuation.

Exits and M&A

Fintech
  • Payments firm Flywire is planning a US IPO this year at a valuation of up to $3 billion.
  • ATM operator Cardtronics accepted a $2.5 billion takeover bid from NCR.
  • Mortgage lender Home Point Capital set terms for an IPO.
  • The Luxembourg Stock Exchange acquired a 22.8% stake in data handling company Tetrao.
  • Consumer credit provider Synchrony will acquire point-of-sale financing solution Allegro Credit.
  • Coinbase announced that it will IPO via direct listing.
Bank
  • Aadhar Housing Finance, an Indian lender backed by Blackstone, filed for a $1 billion IPO.
Investment Management
  • Envest Capital Partners acquired financial advisor Bell & Williams Associates.
  • Mercer Global Advisors continued its acquisition streak with the purchase of Marrs Wealth Management.
SPACs
  • Residential solar lending platform Sunlight Financial will list through a merger with Spartan Acquisition Corp. II, at an enterprise value of $1.3 billion.
  • LMF Acquisition Opportunities priced a $90 million fintech-focused SPAC IPO.
  • Mobile Credit Payment will become the first fintech listed on the Singapore Exchange, through a merger with SPAC Artivision Technologies.
  • Former Credit Suisse CEO Brady Dougan, hedge fund Morgan Creek and fintech company Exos Financial are launching a SPAC ETF.

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