Tagged: Fintech funding

Australia Fintech Activity Declines Amidst Global Slowdown – Research Report

2023 was a challenging year for the fintech market, with total global fintech investment dropping from US$196.6 billion across 7,515 deals in 2022 to a six-year low of US$113.7 billion across 4,547 deals in 2023 according to the Pulse of Fintech H2’23—a bi-annual report published… Read More

UK Fintech Funding Cratered for 2nd Year in a Row: Report

The UK is a top Fintech hub recognized globally for its innovation in financial services. The country has always punched above its weight class when it comes to Fintech and in the past led the charge for Fintech funding in all of Europe. A new… Read More

Fintech Funding Plunges to New Low in Q3 2023: S&P

Venture capital (VC) investment in Fintech companies dropped 36% to $6 billion in the third quarter of 2023, with deal volume down 39% to 484, according to data released by S&P Global Market Intelligence. However, despite the overall decline, late-stage startups saw a 30% increase… Read More

Fintech Procurify Secures $50M via Series C to Support AI-Enhanced Spend Management

Procurify, the all-in-one spend management solution for mid-market organizations, has raised $50 million USD in a Series C funding round led by Ten Coves Capital, with co-investment “from Export Development Canada (EDC) and participation from existing investors including Information Venture Partners and HarbourVest, et al.”… Read More

Enterprise Fintech VC Deal Activity Continued to Decelerate in Q2 2023, Report Reveals

Enterprise fintech VC deal activity continued “to decelerate in Q2,” according to a comprehensive update from Pitchbook. VC deal value this quarter has reportedly “decreased 11.9% YoY to $10.6 billion.” Excluding the Stripe deal, VC deal value “was $3.7 billion, representing declines of 69.2% YoY… Read More

Global Fintech Funding Declines to $52.4B, with Some Positive Ecosystem Developments, Report Reveals

The first six months of 2023 were difficult for the fintech market globally, “with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion in across 2,153 deals in H1’23.” The cloud of uncertainty permeating… Read More

Fintech Funding in US Increased in First Half of 2023: Report

US Fintech funding increased by 42% during the first half of 2023 when compared to the last half of 2022, according to a report. Fintech funding hit $12.8 billion from January to February 2023 but still down by 33% when compared to the same period… Read More

Fintech VC Firm QED Investors Closes Nearly $1B in New Funds

Global fintech venture capital firm QED Investors announced that it has closed two new funds with combined capital commitments of $925 million. The new capital commitments comprise Fund VIII, “an oversubscribed $650 million early stage fund, and Growth II, a $275 million early growth-stage fund.”… Read More

UK Fintechs Raise 89% LESS in Q1 Compared to Same Quarter in 2022

Yesterday, it was reported that the US market experienced a 25% quarterly decline in Fintech funding during Q1 2023 in comparison to Q1 2022. Today a similar report provided by Tracxn, indicates that the UK saw a whopping 89% decline during Q1 2023 in Fintech… Read More

Fintech UK Report: Funding Sinks in 2022

A new report indicates that Fintech funding declined in 2022 as the sector was impacted by a challenging market. According to Tracxn, private Fintech firms in the UK raised a total of $11.2 billion in 2022, a drop of 13% from the year prior. In… Read More

Fintech Report: Financial Tech Firms Raised $24.1B in VC Funding Across 1,103 Deals in Q2 2022

In Q2 2022, Fintech companies globally “raised $24.1 billion in venture capital (VC) across 1,103 deals, representing a 17.8% decrease in quarter-over-quarter deal value,” according to a report from Pitchbook. This is “the largest percentage drop in deal value since Q3 2018,” the team at… Read More

London Fintech SumUp Secures €590M in Funding

Global Fintech SumUp, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company “an enterprise value of €8 billion following a decade of rapid growth and global expansion.” The investment round was led by… Read More

Berlin based Fintech Upvest Acquires $42M via Series B Led by Bessemer Venture Partners

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

Mondu Acquires $43M via Series A to Support Product Dev, Global Expansion

  Mondu is pleased to announce an important milestone in their company’s history: their $43 million Series A round. Since being founded in August 2021, they’ve been focused on “delivering a highly attractive product, growing [their] merchant base and the number of businesses [they] serve,… Read More

UK Fintech Freetrade Acquires £30M via Loan Agreement

Freetrade, the UK-based stock brokerage app provider, has secured £30 million via a loan agreement in order to boost its financial resources without having to commit to a new valuation for the firm. The FT reports that the announcement comes at a time when startups… Read More

Dedicated Fintech VC Upfin Secures €30M for Early-Stage Investments

Upfin says it is here to support “exceptional” fintech founders with capital, deep industry expertise, and a network within financial services. Upfin is led by a team “with extensive experience founding, operating, and supporting fintech.” At first closing Upfin is “backed by a sovereign wealth… Read More

Indian Fintech Credilio Finalizes Pre- Series A Round to Enhance its Product Portfolio

Indian Fintech firm Credilio has acquired $4 million in capital via a pre- Series A round from several key investors. Credilio’s investment round has been led by Cornerstone Venture Partners Fund. The round also included contributions from Exfinity Venture Partners and the founder of Param… Read More

Fintech Funding Volumes Decline Slightly Following Russia-Ukraine Crisis: Report

Venture capitalists’ enthusiasm or eagerness to invest in Fintech platforms, which ranked as one of the most active industry segments for startup investments in 2021, is showing signs of slowing down. During the last few weeks, a total of 51 Fintech firms secured a total… Read More

CommerzVentures Report: Climate related Fintech Funding 3x Greater than all Previous Years

CommerzVentures, a “return-driven,” non-strategic venture capital investor, has shared a detailed report on climate Fintech, which covers venture capital funding for Fintech companies. The report reveals that in this sector, net-zero economies reached a record high last year. Surveying several climate Fintechs across European and… Read More

London’s BaaS Fintech Railsbank Is Reportedly Planning to Acquire $100M in Capital

London-headquartered Fintech Railsbank, which provides virtual banking services, is approaching Unicorn status (valued at $1 billion or more), Sky News confirmed on Friday (February 4, 2022). The UK-based Fintech firm recently acquired certain assets of Wirecard, the collapsed and fraudulent German payments firm. As mentioned… Read More

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