The largest this week
🇮🇳 Sequoia has led a $450M funding round in Ethereum scaling ecosystem Polygon, valuing the company $2B. Ethereum layer2 scaling solutions are finally exploding after years of behind-the-scenes research. Discover them in our overview.
🇬🇧 Payments startup GoCardless raised a $312M Series G at a valuation of $2.1B, making it the UK’s first fintech unicorn of 2022.
🇺🇸 ChargeBee, a subscription billing and revenue management platform, is now worth $3.5B, more than double the valuation it received last April, after closing a $250M funding round led by Tiger Global and Sequoia. ChargeBee is a cloud platform that software-as-a-service firms and other companies use to sell subscriptions, which customers are able to purchase using multiple payment methods across more than 100 currencies.
🇺🇸 Alchemy, which aims to be the ‘de facto platform’ for developers to build on web3, is now valued at $10.2B after a $200M Series C-1. The startup valuation has surged 20x since last April, just nine months ago.
🇨🇦 Koho raised a CAD $210 million Series D in one of the biggest fintech financings for a Canadian startup. Koho is a challenger bank that provides affordable, customer-centric and intuitive financial products and services with no hidden fees.
Trust Machines raised $150M in order to build the “largest ecosystem of Bitcoin applications.” It plans to unleash “the true potential of bitcoin” by developing decentralized finance applications, DAOs and NFTs.
🇫🇷 Revenue-based financing startup Silvr raised €130M in debt and equity in its mission to support entrepreneurs in Europe. Revenue-based financing (RBF) is taking the European fintech space by storm. Over $340M has been invested in just over a month this year, already more than half last year total. Discover more on revenue-based financing.
🇩🇪 Vivid Money, a Berlin challenger bank, has raised a €100M Series C at a €770M valuation from Greenoaks Capital Partners, Ribbit Capital, and SoftBank. The company has reached 500,000 customers and is aiming to be a financial “super app” that, in addition to basic checking and money management services, also provides stock and cryptocurrency investing. It currently offers 50 cryptocurrencies and 3,000 stocks and ETFs. The company offers are powered by BaaS and embedded finance provider Solaris Bank.
Crypto analytics provider Dune analytics reached unicorn status with just 16 employees, after closing a $69.4M financing by Coatue Management. The company, which is one of Ethereum’s most popular analytics platforms, is planning to expand to other chains. Data platforms Nansen and The Graph raised $75M in December and $50M in January respectively.
Other notable fintech deals from around the globe:
🇺🇸 Mos, a personal finance app for students, raised a $40M Series B. The round valued the startup at $400M and was led by Tiger Global. The app gives students the tools and resources to avoid student debt, circumvent banking fees, and provide personalized advice from financial experts along with exclusive access to the largest scholarship pool in America. We are looking into fintech for financing education, coming soon.
🇲🇽 Embedded finance startup R2 Capital raised a $5.9M Seed round led by General Catalyst, Y Combinator and 166 2nd. R2 enables marketplaces, payment processors, and POS systems to provide financing to their merchants so as to close the SMEs financing gap in Latin America.
Read up on all the latest fintech deals in Dealroom.co
Notable exits:
🇺🇸 Payments and financial services platform Fiserv acquired cloud-native banking solution Finxact as part of the next step in its digital banking strategy, allowing for increased account processing, digital and payments solutions. Core banking solutions lets banks and other financial institutions update their stack to face fintech competition.
