8º Fintech - 1st April
Analyst reports:
Startups raising funds
- Raisin, a Berlin-based savings and investment startup, raised €60m in Series E funding from M&G's Catalyst and Goldman Sachs. Link
- Thunes, a Singapore-based cross-border payments startup, raised $30m in Series C funding from Marshall Wace. Link
- Spiral, an impact-as-a-service platform for financial institutions, raised $28m in Series A funding. Team8 led, and was joined by Euclidean Capital and Intuition Fund, Communitas Capital, Phoenix and Nidoco AB. Link
- StellarFi, an Austin, Texas-based bill pay tool, raised $15m in Series A funding. Acrew Capital led, and was joined by ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed and Kapital Ventures. Link
- Toku, a Chilean payments startup, raised $7m in seed funding. F-Prime Capital led, and was joined by Wollef, Honey Island by 4UM, FundersClub and Clocktower. Link
- Connect Earth, a London-based startup focused on decarbonizing finance, raised $5.6m in seed funding. Gresham House Ventures led, and was joined by Love Ventures, Global Brain, Portfolio Ventures, Super Capital, Market One Capital, Mustard Seed MAZE and Venista Ventures. Link
- Investing.com agreed to acquire Michigan-based financial news site StreetInsider for more than $10m. Link
- Paytrix, a London-based fintech platform for brands, raised $18.3m in Series A funding from Unusual Ventures, Motive Partners and Bain Capital Ventures. Link
- SKUx, a St. Petersburg, Fla.-based payment and consumer engagement startup, raised $11m in Series A funding. An undisclosed family office led, and was joined by Advection Growth Capital. Link
- Playbook, an SF-based Gen Z and millennial-focused personal finance app, raised $7m in Series A funding. Telstra Ventures led, and was joined by Atomic. Link
- Pacto, a POS payment solution for restaurants in Mexico, raised $4m led by DILA Capital. Link
- Payday, a pan-African neobank, raised $3m in seed funding. Moniepoint led, and was joined by HoaQ, DFS Labs and Ingressive Capital. Link
- Acko, an Indian digital insurer whose backers include Amazon, is in advanced talks to raise $120m at a $1.5b valuation led by General Atlantic. Link
- Orb, an SF-based billing automation startup, raised $19.1m in Series A (led by Menlo Ventures) and seed (led by Greylock) funding. Link
- Nimbbl, an Indian one-click checkout startup, raised $3.5m from Sequoia Capital India, Global Founders Capital and Groww. Link
M&A and Private equity deals
- Ingenico, a French payment hardware provider owned by Apollo Global Management, acquired Phos, a Bulgarian provider of software that converts smartphones into payment terminals. Phos raised around $8m in VC funding from backers like CM.com. Link
- Mastercard (NYSE: MA) and Visa (NYSE: V) are circling Brazilian banking and payments startup Pismo, which could top $1b, per Bloomberg. Pismo has raised over $100m from backers like Accel, Amazon and SoftBank. Link
- Zenus Bank, a Puerto Rico-based digital bank, acquired Puerto Rican payments startup Financial Urban Exchange (dba FUEX Payments). Link
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