Category: Fund Raising
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London-Based PayTech SumUp Raises €590 Million At An €8 Billion Valuation!
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Large financing rounds continue to occur amid the economic downturn and the FinTech cool-off. The 10-year-old London-based SumUp (website) has raised €590 million in new funding round at a €8 billion valuation. These are impressive numbers and a significant amount in times of cautious VC investors bringing the FinTech’s total…
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Ghanaian Fintech Fido Secures $30 Million in Series A Funding
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Ghanaian fintech Fido (website) has secured $30 million in Series A funding led by Fortissimo Capital and Yard Ventures to enable new products and future expansion. The investment will support the Accra-based company as it aims to launch new products and prepare for future expansion across Africa.
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Backbase Receives €120 Million And Enters Partnership With Bahrain FinTech Bay
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Backbase (website) already has some important partners, including the National Bank of Bahrain, ila Bank, Banque Saudi Fransi, Kuwait International Bank and Société Générale. Recently, Backbase raised €120 million in growth equity funding from Motive Partners. The banking platform provider also announced a partnership with the MENA fintech hub Bahrain…
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Singapore FinTech Startup Stashfin Secured $270 Million
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TechCrunch reported that the Singapore-based Stashfin (website) has raised $270 million in its Series C funding valuing the startup between $700 million to $800 million. Stashfin currently only serves customers in India. The fresh funds will be used to expand to Southeast Asia and other South Asian markets. The startup…
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Despite Looming Crisis Berlin FinTech Upvest Raises $42 Million!
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Upvest is one of few financial institutions in Europe owning a regulatory license for securities and crypto brokerage. The Berlin-based startup successfully closed a $42 million Series B funding round led by Bessemer Venture Partners with Earlybird, ABN AMRO Ventures, Notion Capital, Partech, 10x Group, Speedinvest, and Maximilian Tayenthal (N26)…
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Berlin Fintech Airbank Secured $20 Million Investment!
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Berlin-based fintech Airbank, co-founded by an Austrian, has raised $20 million in a Series A funding round. According to the company announcement, venture capitalist Molten Ventures led the funding round; the Austrian early-stage investor Speedinvest also participated. The startup plans to use the new money to finance its future growth.
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Cyprus-Based Payabl Led Million Investment in BDSwiss Spin-Off Klarpay!
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The former Wirecard managers and partners Ruediger Trautmann, Ayelet (Fruchtlander) Knoechelmann, Frank Schoonbaert, and the Israeli Nissim Zarfati founded the PowerCash21 Group around 2010 with several legal entities in different jurisdictions. Sometime over the last couple of months, the PowerCash21 Group reincarnated into Payabl and recently led a CHF3 million…
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Razorpay Helps FinTech HostBooks To Secure $3 Million
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HostBooks (www.hostbooks.com), an Indian FinTech startup focused on micro, small and medium enterprises (MSMEs), has raised $3 million in a Series A round led by payments platform Razorpay (PC42 profile). The funding comes when many MSMEs in India are looking for new technology to help them cut costs, reach more…
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German Online Broker Trade Republic Receives €250 Million
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Just over a year since raising $900 million in a Sequoia-led round, Berlin’s Trade Republic secured another €250 million in a Series C extension at a valuation of €5 billion. The round was led by Ontario Teachers’, one of the world’s largest pension funds and institutional investors, along with the…
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German-British SumUp Cuts Jobs In Brazil While Expecting Fresh Money!
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According to the #DealMonitor of Deutsche Startups, the German-British FinTech SumUp is about to close a finance round for $400 million at a value of $6.5 billion. The Fintech was founded in 2011 by Daniel Klein, Marc-Alexander Christ, Stefan Jeschonnek, and Jan Deepen. It positions itself as a mobile point-of-sale…