Hello Fintech Friends,
You might notice the format looks a little different - because the Saturday edition of the newsletter has been overflowing and breaking inboxes, we’ll start breaking news out into 3 emails each week:
- Friday: Product launches and headlines
- Saturday: Financing events
- Sunday: Exits and deeper reads
Please find another week of fintech financing events below.
If you’re an early-stage startup founder raising equity or debt, we may be able to help - come check out our fund, The Fintech Fund (including a link to pitch us), see our primer on introductions, and reach out to email@example.com.
What does the BNPL boom mean for consumers who default? At TrueAccord, with data from helping more than 16 million consumers, we wanted to better understand debt trends, repayment performance and consumer preferences and gain insight into the BNPL phenomenon and its long-term outlook. Download the report to learn more.
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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
- Payhawk, a UK expense management and payments platform, raised a $100 million Series B at a $1 billion valuation.
- FPL Technologies, the Indian builder of OneCard, is set to raise $100 million at a $1.5 billion valuation.
- Zeller, an Australian neobank, raised an A$100 million Series B.
- M-Kopa, a west and east African lending platform, raised a $75 million growth equity round and announced 2 milloin customers.
- Perfios, an Indian B2B lending and credit decisioning provider, raised a $70 million Series C.
- Pontera, a financial advisor platform for retirement accounts (formerly FeeX), raised $45 million.
- Atomic, an API provider for employee payroll data, raised a $40 million Series B.
- Shares, a UK social investing app, raised a $40 million Series A.
- Propelld, an Indian financial education platform, raised $35 million.
- Volopay, a Singaporean business banking app, raised a $29 million Series A.
- Thetanuts Finance, a defi yield-generating platform, raised $18 million in seed funding.
- Sweater Ventures, a platform for democratizing access to venture capital investing, raised $12 million.
- Piñata, a credit-building membership platform for renters, raised a $13 million Series A.
- Snapmint, an Indian buy-now-pay-later platform, raised a $9 million Series A.
- Delio, a private markets platform for institutional investing, raised $8.3 million.
- Finary, a French aggregator for banking and wealth management accounts, raised an €8 million Series A.
- OwnIt, a direct-to-consumer purchase checkout builder, raised $8 million.
- Catalog, an Indian decentralized exchange, raised $7.5 million in seed funding.
- Nested, a Swiss social trading platform for “financial NFTs,” raised a $7.5 million Series A.
- Teller, an uncollateralized defi lending protocol, raised $6.85 million.
- Novus, an impact banking app, raised $5 million and went live.
- SteadyPay, a UK income volatility management startup, raised a $5 million Series A.
- Emtech, a central bank digital infrastructure provider for Africa and the Caribbean, raised $4 million.
- Sudo Africa, a Nigerian card-issuing API, raised a $3.7 million pre-seed.
- Nosso, a UK app for parents to invest for their kids, raised a $2.8 million seed.
- Credrails, an aggregator of financial data for lending across Africa, raised $2.5 million.
- Stax, a platform for letting African mobile users send money using USSD codes, raised a $2.2 million seed extension.
- Here, a marketplace for investing in fractional vacation rentals, raised a $2 million pre-seed.
- Quiver Quantitative, an investment research platform, raised $2 million.
- Detected, a fraud and KYB provider for UK businesses, raised £1.5 million.
- TRM Labs, a cross-chain threat intelligence service, raised funding from JP Morgan.
- Skipify, a frictionless checkout provider, raised strategic funding from PayPal, Synchrony, and Amex.
- Avanti, a payroll software developer, raised $25 million in equity and debt.
- Bink, a retailer loyalty app, raised strategic funding from Lloyds Bank.
- Pollinate, a UK merchant acquiring startup, received strategic investment from CIBC, NatWest, National Australia Bank, Mastercard, and Fiserv.
💵 Debt Financing
- Fintech startups are raising record amounts of venture debt.
💰 Venture Funds
- German bank Commerzbank closed €300 million for its third venture fund.