The largest this month so far:
🇮🇳 Egyptian super app MTN-Halan has raised $260M in growth financing by Abu Dhabi–based Chimera Investments valuing the company at $1B. MTN-Halan also raised $150M in debt issuance in the last year. These equity and debt financing are fueling its mission to serve underbanked and unbanked customers in the North African country.
🇺🇸 Juniper Square, a leading platform for GPs and their LPs to seamlessly connect and communicate across every stage of their partnerships, has raised $133M in growth capital.
🇮🇳 InsuranceDekho, an Indian online insurance comparison platform, has raised $150M in Series A funding (mix of equity and funding) to increase strengthen its leading position and increase insurance penetration in India.
Other notable fintech deals from around the globe:
🇩🇪 Wefox, Europe's leading insurtech startup, has raised $55M in an extension to its $400M Series D raised in July last year. The nominal valuation is said to remain stable at $4.5B despite the broader downturn in the market.
🇬🇧 London-based Carbonplace, a carbon credit transaction network that enables the transfer of certified carbon credits, raised $45M in Seed funding. Carbonplace has been created by nine of the top financial institutions in the world joining their forces, including BNP Paribas, CIBC, Ita Unibanco, National Australia Bank, NatWest Group, BBVA, SMBC, Standard Chartered, and UBS.
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Notable exits:
🇬🇧 UK leading bank Natwest Group is to acquire an 85% stake in Cushon, a UK-based workplace savings and pensions fintech company, for £144M. Cushon provides the workplace ISA and master trust pension, which offers an investment strategy designed to drive down the financed CO2 emissions of customers’ investments.
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