8º Fintech - 6th May

Analyst reports:

  • Strategies of the fintech sector and payments in the face of an economic recession. (By Stripe)

Startups raising funds

  • Nomba, a Nigerian payment services startup, raised $30m at over a $150m valuation. Base10 Partners led, and was joined by Helios Digital Ventures, Shopify and insiders Khosla Ventures and Partech. Link
  • Marble, a digital wallet for insurance, raised $4.2m. Distributed Ventures led, and was joined by Blue Collective, Goodwater Capital, and CE Innovation Capital; existing investors IA Capital Group, MS&AD Ventures and Reciprocal Ventures. Link
  • Tarabut, a UAE-based open banking startup, raised $32m from Visa, Tiger Global, Pinnacle Capital and Aljazira Capital. Link
  • Range, a McLean, Va.-based wealth management startup, raised $12m in Series A funding led by Gradient Ventures. Link
  • InvestorHub (fka Fresh Equities), an Australian shareholder engagement platform, raised A$4m led by EVP. Link
  • Advance Intelligence Group, the Singaporean fintech behind BNPL lender Atome, raised $80m in a round led by Warburg Pincus and Northstar Group. Link
  • Novidea, an Israeli insurance policy and distribution platform, raised $50m in Series C funding. Battery Ventures led, and was joined by Cross Creek, Israel Growth Partners, KT Squared and JAL Ventures. Link
  • Kreditz, a Swedish credit scoring and verification service, raised €10m from Ingka Investments and Creades. Link
  • Kiwi, an Indian credit card platform, raised $6m in pre-seed funding from Nexus Venture Partners and Stellaris Venture Partners. Link

M&A and Private equity deals

  • Greenwood, an VC-backed neobank focused on Black and Latino customers, acquired Kinly, an Overland Park, Kan.-based rival that raised around $20m from Forerunner Ventures, Point 72 Ventures, Anthemis, Kapor Capital and Maple VC. Link
  • Blackstone is considering a sale process for Dutch merchant bank NIBC. Link


  • Hyphen Group, a Hong Kong-based personal finance fintech, is in talks to go public via Bridgetown Holdings (Nasdaq: BTWN), a SPAC backed by Richard Li and Peter Thiel, per Bloomberg. Hyphen backers include Li's Pacific Century, Alibaba, Goldman Sachs, Experian and IFC. Link

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