The Front Page of Global Fintech

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.

Image Description

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.

Image Description

This Week in Fintech (8/14)

This Week in Fintech (8/14)

Hello Fintech Friends,

Curious for people’s thoughts: Which fintech that hasn't yet announced plans to go public will file next for an IPO?

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

Sponsored Content

No presentations. Just high-quality, in-person meetings with a curated audience of bank and credit union executives, investors, and fintech executives. Meet decision makers like Jon Barlow (Finitive), Kathryn Petralia (Kabbage), Mike Cagney (Figure), Lauren Morton (QED Investors) and John Piazza (Fifth Third Bank). This is your best opportunity this year to network and close deals. Buy your ticket here.

💸 Venture Financing

  • Chime, the largest US neobank, raised $750 million at a $25 billion valuation.
  • Carta, a cap table management software, raised $500 to $600 million at a $7.4 billion valuation.
  • Uala, an Argentine personal finance management app, raised a $350 million Series D at a $2.45 billion valuation.
  • Gusto, a payroll and HR platform, raised $175 million at a $9.5 billion valuation.
  • Upgrade, a consumer lending and credit startup, raised $105 million at a $3.3 billion valuation.
  • BigPay, the Malaysian fintech arm of airline AirAsia, received a $100 million investment.
  • PayPal joined the $98 million Series B round for e-commerce platform
  • FreshBooks, a Canadian accounting software firm, raised an $80.75 million Series E.
  • Klover, a financial data permissioning tool, raised $60 million.
  • Pave, a corporate compensation tool, raised a $46 million Series B.
  • Moove Africa, a platform for revenue-based vehicle financing and lending, raised a $23 million Series A.
  • Kroo, a UK neobank focused on social spending, raised a £17.7 million Series A.
  • Canopy, an API-based loan management system, raised a $15 million Series A.
  • Car IQ, a contactless automatic payment network for connected vehicles, raised a $15 million Series B.
  • Keebo, a UK open banking personalized credit card startup, raised £5 million in seed funding.
  • Trust, a corporate card for online marketing, raised $9 million in seed funding.
  • Appital, a UK equity capital markets platform, raised £2.5 million.
  • Allocations, a back-office software for investment firms, raised $4 million at a $100 million valuation.
  • Durianpay, an Indonesian online hosted checkout and payment solution, raised $2 million.
  • FranShares, a platform for fractionalized franchise investing, raised a $1.4 million pre-seed.
  • Paysme, a UK SMB mobile payments, e-commerce, digital banking, accounting, lending, and insurance business, is crowdfunding £1 million.
  • Lockstep, a connected accounting platform, raised strategic funding from Amex Ventures.

💵 Debt Financing

  • Payl8r, a UK buy-now-pay-later provider, raised £40 million in debt from Conister Bank.
  • Canadian accounting software provider FreshBooks raised $50 million in debt to help businesses handle cashflow.
  • CapitalSage, a Nigerian lending fintech, raised $4 million (₦2.2 billion) in debt.
  • OpenDoor is in the market for a $2 billion credit facility.

💰 Venture Funds

  • Fabric Ventures, a European fintech VC, raised a new $130 million fund from backers including Wise, PayPal, Square, PayU, and Raisin.


☯️ Exits

💻 IPOs
  • Nubank, the Brazilian juggernaut neobank, hired Morgan Stanley, Goldman Sachs and Citigroup to begin its US IPO.
  • Enact Holdings, a mortgage service provider and insurance company, revived plans for its $497 million IPO that it had scrapped in May.
  • Southern States Bancshares, an Alabama-based bank, raised $16 million in its IPO at a $172 million valuation.
  • FinWise Bancorp, a Utah-based neobank, postponed its planned $58 million IPO.

The SPACs are back…

  • Pico, a trading and financial services infrastructure company, announced that it will go public through a $1.75 billion merger with FTAC Athena Acquisition Corp.
  • Riverview Acquisition Corp, a SPAC targeting a financial services company, priced a $250 million IPO.
  • Insight Acquisition filed for a $240 million IPO to acquire a fintech.
  • World Quantum Growth Acquisition Corp priced a $200 million IPO to hunt for a financial services or fintech target.
  • Armada Acquisition Corp priced a $150 million IPO to buy a fintech company.
  • TG Venture Acquisition filed for a $100 million IPO to acquire a space fintech.
  • Abri SPAC I priced a $50 million IPO targeting a fintech or insuretech business.
  • Green neobank Aspiration is reportedly in talks to go public at a $2 billion valuation through a SPAC.
🤝 M&A - Fintech
  • Paymentus, a cloud-based billing tech provider, announced that it will acquire Payveris, a bill, peer-to-peer, and account-to-account payment software provider, for $152 million (56% cash, 44% stock).
  • UK buy-now-pay-later platform Zilch acquired US mezzanine debt software provider NepFin to expand into the US.
  • Decentralized finance and crypto platform Gemini acquired predictions platform Guesser.
  • Callpay, a South African card payments service provider, was acquired by an unknown buyer for $6.8 million.
  • Robinhood acquired proxy voting and shareholder communications platform Say Technologies for $140 million.
  • Credit bureau Equifax will acquire public and workplace safety data provider Appriss Insights.
  • Investment manager Abrdn will acquire fintech firm Nucoro’s digital wealth management product.
  • CFO and accounting outsourcer Positive Venture Group sold its assets to ‘finance as a service’ firm Consero.
  • Financial services firm Voya Financial, a fund manager, is exploring the acquisition of Alight Solutions, a business process outsourcing firm that previously went public through a merger with SPAC Foley Trasimene Acquisition Corp for $7.3 billion.
🏦 M&A - Bank
  • US Bank will acquire the business expense and CFO software provider Bento Technologies.
  • National Australia Bank will buy Citigroup’s local consumer bank for $882 million.


Sponsored Content

Fintech is changing the world and Fintech Meetup is helping make it happen! We’re facilitating 30,000+ meetings for 4,000 fintech, banking and financial services professionals for partnership discussions, vendor presentations, investment pitches, media/analyst interviews and more! Get Fintech Meetup into your 2022 budget, and get discounted early bird tickets now. Get Ticket.

🌎 Fintech Around the World

Africa’s appetite for digital currencies is growing

Is Africa fintech's next frontier?

How likely is it for an African fintech startup to scale?

📚 Deeper Reads

Under the hood: The Merchant Payment Process

This is What Fintech Looks Like

The Global Covid-19 FinTech Market Impact and Industry Resilience Survey

4 consumer trends every fintech should be watching closely

Can you teach a banker to code?

Inside Google and Wise's cross-border payments push

DeFi, Disintermediation, and the Regulatory Path Ahead

Chasing the Elementary Constituents of DeFi Lending Protocols

Plaid’s payroll-data offensive hits a speed bump

Inside MoneyLion's quest to become a financial 'super app'

KPMG Pulse of Fintech H1 ‘21

Scientists confirm that squirrels are amazing gymnasts


Want to be a This Week in Fintech Sponsor? Reach out to us at

Come meet us in-person at