Hello Fintech Friends,

For anyone in New York, we’ll be hosting our next fintech happy hour in Soho on June 17th. (We’re also looking for a July venue, so please reach out if you’d like to host.)

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 [email protected].

Is it possible to scale quickly while prioritizing the consumer experience? In 2021, this question is top of mind for many lending organizations, who want to grow quickly while remaining consumer-centric. In TrueAccord's on-demand webinar, Ohad Samet, CEO and co-founder of TrueAccord, and Sahil Bakshi from Affirm will share a comprehensive guide to scaling digital collections operations, all while prioritizing consumer preferences and creating best-in-class consumer experiences.

💸 Venture Financing

  • Circle, a stablecoin and cryptocurrency provider building tools for financial services institutions to integrate crypto, raised $440 million from backers including Fidelity.

  • Forter, which helps e-commerce payment companies combat fraud, raised a $300 million Series F at a $3 billion valuation.

  • Zeta, an Indian banking startup, raised a $250 million Series D.

  • Snapdocs, a mortgage lending digital closing platform, raised a $150 million Series D.

  • Paysend, a UK mobile payments platform, raised a $125 million Series B at a $700 million valuation.

  • SpotOn, a provider of point of sale payment solutions, raised a $125 million Series D at a $1.75 billion valuation.

  • Agicap, a French cashflow management platform, raised a $100 million Series B at a $500 million valuation.

  • Wayflyer, an Irish revenue-based financing platform like Clearbanc or Pipe, raised a $76 million Series A.

  • Resolve, a B2B buy-now-pay-later startup that spun out of Affirm, raised $60 million.

  • Super, a subscription home care company, raised a $50 million Series C from Wells Fargo.

  • Commonwealth Bank of Australia invested $50 million in online shopping platform Little Birdie and subscription electricity business Amber.

  • Stavvy, a mortgage payments startup, raised a $40 million Series A.

  • Talos, a digital asset trading platform for financial institutions, raised $40 million, including from PayPal and Fidelity.

  • ADDI, a Colombian and Brazilian buy-now-pay-later startup, raised a $35 million Series B.

  • Clara, a Mexican corporate spend startup, raised $30 million.

  • mx51, an Australian payments-as-a-service startup, raised $25 million from backers including Mastercard.

  • Epsor, a French employee savings and financial planning app, raised a €20 million Series B.

  • Sentieo, a game-changing AI financial research platform, raised a $20 million Series B.

  • Solidus Labs, an asset risk surveillance firm, raised a $20 million Series A.

  • Curve, a UK over-the-top card provider, raised £9.9 million in crowdfunding.

  • Tilled, a payment facilitator as a service, raised an $11 million Series A.

  • CleverCards, an Irish B2B payments business, raised €10 million.

  • Verituity, a digital payments platform for bank treasuries, raised a $10 million Series A.

  • Axle, a freight financing service, raised a $10 million Series A.

  • Leif, a student loan platform, raised $10 million.

  • Future Family, a payment plan provider for fertility services, raised $9 million.

  • Kodo, an Indian corporate card startup, raised an $8.75 million seed from investors including Brex.

  • Tiv, a payments platform for gaming, raised a $3.5 million seed.

  • Fraudio, a Dutch payments fraud detection startup, raised $3.3 million in seed funding.

  • Stockal, an Indian overseas investing startup, raised a $3 million pre-Series A.

  • Mono, a Nigerian financial services API, raised a $2 million seed.

  • Park Place Payments, a B2B payment processor, raised a $1.5 million seed.

  • BFREE, a Nigerian ethical credit startup, raised an $800,000 seed round.

  • JZ Lending Ltd, a holding company that owns Spanish consumer finance specialist Unión Financiera Asturiana (Ufasa), raised money from private equity investor Financial Services Capital.

  • Accounting Seed, an accounting and financial management software, received a growth investment.

  • iBanFirst, a cross-border payments solution, raised growth equity.

  • Klarna is reportedly raising money from SoftBank at a valuation over $40 billion.

  • OPay, a Nigerian mobile money service, is reportedly raising $400 million at a $1.5 billion valuation.

  • Rumor: Sequoia is leading a round into Ndovu, a Kenyan investing app, at a $9 million valuation.

💵 Debt Financing

  • Financial health platform Brigit raised $75 million in debt from Community Investment Management.

  • Student loan platform Leif raised $50 million of lending capital.

  • BNPL startup ADDI also raised $30 million in debt.

💰 Venture Funds

  • PayPal committed an additional $50 million to black and Latinx-led venture capital funds.

☯️ Exits and M&A

💻 Fintech
  • DLocal priced its Nasdaq IPO, set for next week, valuing the company at around $5 billion.

  • Paymentus stock popped 40% in its IPO; the company raised $210 million at a $3.4 billion valuation.

  • Indian digital payments provider Paytm will IPO this year at a valuation around $3 billion.

  • Flywire had a successful US IPO at a $2.8 billion valuation, raising $250 million.

  • Czech payments firm Eurowag is planning a $2 billion London IPO.

  • UK shareholder and market service provider Equiniti agreed to a £673m distressed takeover bid by private equity firm Siris Capital.

  • Stash, the consumer investing platform, is weighing options to go public. It’s last private valuation was $1.4 billion.

  • Ebanx, a Brazilian payments provider to Latin America, is prepping for an IPO and looking at acquisitions.

  • Irish B2B payments firm CleverCards acquiredExpendiaSmart to pick up a European Money Institution license.

  • Social good neobank Aspiration is weighing an IPO.

  • Australian buy-now-pay-later firm Zip is entering Europe and the Middle East through its acquisitions of Czech firm Twisto and UAE firm Spotii.

  • Hong Kong financial services provider AMTD International plans to spin off its fintech unit as a standalone in a US IPO.

  • Mission Lane, the financial health credit startup, acquiredHoneydue to build out its financial literacy solutions.

  • Merchant payments provider FortisPay acquired rival EpicPay.

  • BNP Paribas became a co-owner of loyalty platform Joyn, along with other banks KBC and ING, by acquiring one third of outstanding shares.

  • Private equity firm Thoma Bravo made a majority investment in clinical trial payments solution Greenphire.

💲 Investment Management
  • Private equity firm Ares acquired real estate investment advisory Black Creek.

  • Charlesbank Capital Partners acquired an ownership stake in investment advisor Lido Advisors.

📈 SPACs
  • Acorns will go public through a merger with SPAC Pioneer Merger Corp at a $2 billion valuation.

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📚 Deeper Reads

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