The largest this week:
🇨🇴 Lulo Bank, the first 100% digital bank in Colombia, raised a $200M investment from the International Holding Company (IHC) conglomerate.
🇺🇸 Bilt Rewards raised a $150M round at a $1.5B valuation. The startup works with some of the country’s largest multifamily owners and operators to create loyalty programs and a co-branded credit card for property renters
🇮🇩 FinAccel, the parent company of Indonesia-based BNPL Kredivo, has raised a $140M Series D. Last year the company announced the intention to go public through SPAC, but the deal was cancelled earlier this year due to the new market conditions.
Other notable fintech deals from around the globe:
🇮🇱 Vesttoo, a technology-driven global insurance risk transfer platform, is the newset insurtech unicorn after raising an $80M Series C co-led by Mouro Capital and a private equity fund. The company was recently featured in our Top 100 Insurtech startups to watch,
🇺🇸 Bookkeep, the smarter accounting automation platform, announced a $6.6M seed round led by Fin Capital.
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Read up on all the latest fintech deals in Dealroom.co
Notable M&A deals:
PE groups are taking advantage of the market crunch to take public fintech back to private.
🇺🇸 Vista Equity Partners acquired Avalara, a provider of tax compliance solutions, for $8.4B in August and EQT Group acquired BillTrust, B2B payments and AR software provider, for $1.7B in September.
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