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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 (5/15)

This Week in Fintech (5/15)

Hello Fintech Friends,

Investment in Latin American startups is taking off ✈️

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, I may be able to help - reach out to

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💸 Venture Financing

  •, Peter Thiel’s blockchain software firm, made a $10 billion investment into its new market-making, lending, and portfolio management subsidiary, Bullish Global.
  • SaltPay raised a previously undisclosed $500 million Series C in April.
  • Gojek, the Indonesian superapp and provider of GoPay, raised a $300 million round.
  • CloudWalk, a Brazilian payment technology network, raised a $190 million Series B.
  • Lili, a digital bank for freelancers, raised a $55 million Series B.
  • Stampli, a corporate invoice management solution, raised a $50 million Series C.
  • Babel Finance, a Hong Kong-based crypto service provider to financial institutions, raised a $40 million Series A.
  • Omnio, a banking-as-service provider, raised a €30 million funding round.
  • Transunion’s stake in Spring Labs was revealed as a $30 million investment in their Series B.
  • Treasury Prime, a banking-as-a-service provider, raised a $20 million Series B.
  • Collective, a self-employment back office that offers tailored financial services and accounting, tax, bookkeeping and business formation, raised a $20 million Series A.
  • Expensya, a Tunisian expense management software, raised $20 million.
  • Relay, a Canadian neobank for small businesses, raised $19.4 million, including a $15 million Series A.
  • FinLync, a corporate finance and treasury platform, raised $16 million in funding.
  • Pomelo, a Latin American payments infrastructure builder, raised $9 million.
  • Ontop, a tax, onboarding and payroll manager for Latin American companies, raised a $4.5 million seed round.
  • Divibank, a Brazilian “Clearbanc for Latin America,” raised a $3.6 million seed round.
  • Sanlo, a financial tools and capital provider to game and app businesses, raised a $3.5 million seed round.
  • Nano, a Vietnamese earned wage access payroll provider, raised $3 million in seed funding.
  • Caplight, a platform for trading private equity derivatives, raised a $1.7 million seed round.
  • KogoPAY, a business bank account provider for the UK, Lithuania, and Thailand, raised £1 million in pre-Series A funding.
  • VitraCash, a UK smart debit card, crowdfunded a £330,000 seed.
  • Visa made a strategic pre-IPO investment in Remitly.
  • FundApps, a regtech provider, raised an undisclosed growth round from Scottish Equity Partners.
  • Curve, the UK over-the-top card platform, is crowdfunding in-part for its next round.

US VCs on their way to LatAm fintech meetings.

☯️ Exits and M&A

💻 Fintech
  • REPAY, a developer of vertically-integrated payment solutions, acquired payments provider BillingTree for $503 million.
  • Snowball Finance, a Chinese online financial information portal, filed for a $300 million US IPO.
  • Simplex, a provider of a Visa crypto credit card, will be acquired by Canadian payments processor Nuvei for $250 million.
  • Insig AI, a machine learning tool for asset management, raised £6.1 million and listed on the AIM London Stock Exchange.
  • PayPal acquired returns management startup Happy Returns.
  • Stripe acquired Bouncer, a card authentication and fraud detenction startup.
  • NerdWallet filed for an IPO that could value the firm at up to $5 billion.
  • Marqeta filed its S1.
  • Private equity firm Advent International is weighing a sale of its stake in Indian investment advisory and wealth management firm ASK Group for up to $1 billion.
  • Mortgage insurance provider Enact Holdings postponed its planned $497 million IPO.
🏦 Bank
  • Deutsche Bank’s asset management arm DWS is planning to sell its IKS fund platform to French private equity firm BlackFin for around €300 million.
  • TPG and Liberty Financial are the front-runners to buy Australian bank Westpac’s auto lending business.
  • Mortgage fintech platform Better will go public at a valuation of around $7 billion through a merger with SPAC Novator Capital.
  • Former London Stock Exchange CEO Xavier Rolet will launch a $300 million fintech SPAC.
  • Serendipity Capital Acquisition, a financial services SPAC, filed for a $250 million IPO.
  • Fintech Ecosystem Development, a Southeast Asian fintech SPAC, filed for a $100 million IPO.

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📚 Deeper Reads

Bank fees slam low-income households, study finds

How Open Banking Could Help Latin America Build The Next Multibillion-dollar Fintech Startup

The Rise Of Banking As A Service

Robinhood’s Big Gamble

The Case Against The Anti-Money Laundering Rules

PayPal Wants to Be a Lot More Than an Online Checkout Button

Revolut's Puzzle

Core Banking Systems Primer

Digital SME Lending

African fintech startups still face major funding gaps

Baby sea lions are the happiest creatures in the ocean