Hello Fintech Friends,

Please find another week of financings and transactions 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 [email protected].

Connect with the people you know and meet the people you don’t! Join Fintech Meetup to connect with 1,000+ industry professionals having 10,000+ 15-minute online meetings. Qualifying banks & credit unions can join free. June 15-17. Get your ticket now.

💸 Venture Financing

  • Mortgage lender Better is raising a $500 million round at a $6 billion valuation from SoftBank.

  • Plaid raised a $425 million Series D at a $13.4 billion valuation.

  • Indian credit issuance startup CRED raised a $215 million Series D at a $2.2 billion valuation.

  • Ramp, the business spend management and CFO solution, confirmed its $115 million raise at a $1.6 billion valuation.

  • Banking and crypto services provider NYDIG raised an additional $100 million to launch insurance products.

  • Groww, an Indian consumer investment startup, raised an $83 million Series D at a $1 billion valuation.

  • TipRanks, an Israeli stock investing financial analytics provider, raised $77 million.

  • TrueLayer, the UK open banking platform, raised $70 million in funding.

  • StashFin, a Singaporean neobank for Southeast Asia, raised $40 million in new funding.

  • Blue Dot, a machine learning business accounting and tax prep platform, raised $32 million in funding.

  • Cora, a Brazilian lending platform for SMBs, raised a $26.7 million Series A.

  • Financial infrastructure provider Orum raised a $21 million Series A.

  • Egyptian online and offline payments startup Paymob raised an $18.5 million Series A.

  • Inbox Health, a payments platform for medical patients, raised a $15 million Series A.

  • FinanZero, a Brazilian online credit marketplace, raised a $7 million round of financing.

  • Financial planning software provider Abacum raised a $7 million seed.

  • Spoko, an international money transfer startup, raised €5 million.

  • Walnut raised $3.6 million to provide buy-now-pay-later for healthcare.

  • Ark, an investment management portal for professional investors, closed a $3.4 million Series A.

  • Finary, a social investing platform, raised a $3.2 million seed round.

  • Ensemble, a family money management platform for divorced parents, raised $3 million.

  • Tred, a UK carbon-tracking debit card, passed its £400,000 crowdfunding target.

  • Friz, a Singaporean financial services platform for freelancers, raised an undisclosed amount of pre-seed funding.

  • MoneyLion made a strategic investment in Zero Hash to enable cryptocurrency features for its users.

  • Greenlight, the maker of a debit card for kids, is raising at a $2 billion valuation.

💵 Debt Financing

  • German lending platform Auxmoney raised $250 million in debt from lenders including Citigroup.

☯️ Exits and M&A

💻 Fintech
  • Grab, the Singaporean superapp that provides financial services products across Southeast Asia, agreed to go public through a merger with Altimeter Capital’s SPAC at a $35 billion valuation with a $2.5 billion raise.

  • Alkami, the US core banking software platform, is planning a $2 billion IPO with a $150 million fundraise.

  • Wealthtech platform Allfunds is planning to list on the Euronext Amsterdam exchange.

  • Australia’s EML Payments entered the European open banking market through the acquisition of Ireland’s Sentenial for €70 million.

  • Consumer investment app Acorns acquired AI-powered student loan management platform Pillar.

  • Wealthtech platform Envestnet acquired personal financial manager Harvest Savings.

  • Options Technology, a provider of global capital markets IT infrastructure, acquiredFixnetix, a front-office trading tech provider to banks.

  • Online lender Avant acquired credit card provider Zero Financial and its neobank, Level.

  • UK employee financial wellness platform Wagestream acquired Australian fintech Earnd.

  • CeriFi, a training and education platform for financial services professionals, acquired insurance training platform CPMI.

  • Secured financing provider IDS acquired asset finance solutions service White Clarke Group.

  • Dutch money transfer platform CurrencyFair is merging with Australia’s Assembly Payments, using a strategic investment from Standard Chartered.

🏦 Bank
  • French bank Société Générale is in talks to sell most of its asset management arm Lyxor to asset manager Amundi for €825 million.

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📚 Deeper Reads

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