Latest Fintech deals
The largest this week:
๐ธ๐ฌ Fazz raised a $100M Series C to power Financial Inclusion in SouthEast asia (SEA).
Fazz provides business accounts that offer seamless payment, savings and credit functionalities for small and medium business in Indonesia and Singapore.
๐ฎ๐ณ Embedded insurance startup Zopper raised $75M to solve Indiaโs insurance problem. Insurance penetration in India is still just 3-4%, Zopper hopes to solve this issue by working with insurance providers and creates byte-sized, personalized products that it then supplies to distribution partners
๐จ๐ญ Crypto platform Portofino Technologies raised $50M to support high-frequency traders. The startup aims to offer liquidity on the largest centralised and decentralised cryptocurrency exchanges and provides services to institutions and Web3 projects that require digital asset liquidity.
Other notable deals:
๐ฌ๐ง Business payments startup Sequence has announced one of the biggest seed rounds in European fintech this year, $19M led by US VC giant Andreessen Horowitz (a16z) at a $75M post-money valuation.
Sequence is led by two second-time founders: CEO Riya Grover, ex co-founder & CEO of food delivery platform Feedr, and chairman Eamon Jubbawy, ex-cofounder of digital ID startup Onfido.
๐ฌ๐ง Monese has raised $35M from the venture arm of UK retail bank HSBC.
Both the Investec deal last year and the HSBC deal have seen Monese partner with these legacy companies to provide them with its cloud-based banking platform.
๐ฉ๐ปโ๐ป Together with our partner ABN Amro Ventures we're mapping startups developing tech for CFOs. Reach out if you want to be included or want to exchange ideas!
Read up on all the latest fintech deals in Dealroom.co