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Hunting the best fintech startups

Data-driven deal flow and scouting are today a must for VCs and corporates. A data-driven approach can complement networking and inbound opportunities and help remove conscious and unconscious biases.

At Dealroom, we've developed startup scoring which can help you spot the best opportunities. The score aggregates the different predictive signals which were already present on Dealroom (team/founders, employee growth/hirings, web visits, funding info, timing between rounds and much more) in a single score. 

👀 Segmenting opportunities by stage: 

• Pre-Seed fintech opportunities

• Series A fintech opportunities

• Breakout fintech opportunities

• Bootstrapped fintech opportunities

For instance, among the top Pre-Seed opportunities, THX. is a web3 startup offering a no/low code blockchain platform to embed fintech and gamification in any app, increasing revenue and engagement.  Spot on, it seems they are raising a €1.8M Seed round right now.

Find the best fintech startups before anyone else. 👇 

In other news

🔗 Ethereum has largely passed its next significant step in migrating the blockchain from proof-of-work to proof-of-stake - By moving from Proof-of-Work to Proof-of-Stake, Ethereum’s energy consumption is estimated to be reduced by 99.95%. - Blockworks

🍎 Apple sidelines Goldman Sachs and goes in-house for lending service - Apple will offer loans directly to consumers for its newly announced BNPL product, instead of relying on banking partners like Goldman Sachs - Financial Times

🔎 2022 Fintech in Africa Report - How can banking and lending technology promote financial inclusion in Sub-Saharan Africa? How can digital payment technologies make financial services accessible to underrepresented regions? - Nova School of Business and Economics

'The mood is very grim': Once-hot fintech sector faces IPO delays and consolidation - At the Money 20/20 conference in Amsterdam, bosses of major fintech players sounded the alarm about the impact of a deteriorating macroeconomic climate on fundraising and valuations. - CBNC

Latest fintech deals

The largest this week:

🦄 Amsterdam-based engagement banking platform Backbase has become the latest bootstrapped fintech unicorn. It has raised a €120M Growth Equity round at a €2.5B valuation. Founded in 2003, the company has grown to over €200M in revenue.

🇬🇧 Codat, a fintech company that offers a universal API for small business data, raised a $100M Series C funding at an $825M valuation and brought on new investors J.P. Morgan, Canapi Ventures, Shopify & Plaid, in addition to strategic investors Amex and PayPal. The company has doubled revenue over the past year, expanded to the US, and has hundreds of financial services clients using its API.

🇸🇪 Swedish challenger bank Juni raised a $206M debt and equity Series B. With a goal of 10x growth, the two-year-old startups is strongly betting on its credit card for e-commerce businesses.

🇺🇸 Branch, a startup offering bundled home and auto insurance, has raised $147M in Series C funding at a valuation of $1.05B. Branch has grown its annualized written premium by 1300% YoY. Branch’s embedded insurance partner ecosystem continues to blossom as it offers instant insurance in moments consumers need it most.

🇪🇨 Ecuadorian payments infrastructure company Kushki has raised $100M in an extension to its Series B round, more than doubling its valuation to $1.5B.

🇲🇽 Klar, believed to be Mexico’s largest digital bank, lands $70M in General Atlantic-led round.

Other notable fintech deals from around the globe:

🇳🇱 Dutch fintech company Factris has secured €10M thanks to their partnership with NN Investment Partners. This funding will be directly used to help finance trade-related invoices for European SMEs.

🇺🇸 Ledgible, the leading professional-first crypto tax and accounting platform, raised a $20M Series A. Their Crypto Tax & Accounting Platform supports integrations across major blockchains, cryptocurrency exchanges, wallets, and professional accounting tools.

🇺🇸 Front, an investment app where users can manage all their investments and assets in one place, today announced that it has raised an additional $5.5M in seed funding after winning the FinTech competition at Stonks.com, bringing its total funding to more than $10M to date.

Having launched in August 2021, the Front app has recently surpassed $600M in connected assets and it is now integrated with over 150 brokerages, including Robinhood, Coinbase, Ameritrade, and Alpaca, making it easy for the majority of retail investors to manage their entire portfolio in a single app.

Read up on all the latest fintech deals in Dealroom.co

Tip of the week

🦄 Finding the next unicorn before everyone else:

We are now aggregating a wide range of predictive signals (team/founders, employee growth/hirings, funding info, and much more) in a single score, which you can use to spot investment opportunities.

For example: pre-seed fintech opportunities, series A fintech opportunities, Breakout fintech opportunities, bootstrapped fintech opportunities

Go to your dashboard 👉 click on "Add a new Dashboard Card" 👉 Predictive Signals

Job opportunities

🇦🇪 tabby, a Dubai-based BNPL startup is hiring for a product analyst and other 21 roles.

🇩🇪 Molecule, a blockchain-powered crowdfunding for pharma and biotech development, is hiring for a Chief Marketing Officer.

 🇳🇱 At Dealroom.co we are hiring a Sr. AI Engineering and 11 other roles.

Discover 66,000+ job openings at fintech startups (login for full results)

Dive in

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Lorenzo Chiavarini

Innovation Analyst
Dealroom

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