The largest this week
🇮🇳 Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April, in a $375M Series F. Razorpay is a market-leading payment processor in India and has shown fast growth and aggressively broadens its product offerings.
🇻🇳 Vietnam payment app MoMo has turned to unicorn status after a $200 million Series E at a $2B valuation led by Mizuho Bank. MoMo has more than half of the market share in Vietnam’s payments space and is on the path to becoming a super app with its 31 million users.
🇨🇴 Colombian BNPL Addi raises $205M in debt and equity at a $700M valuation. The startup already started its expansion in Brazil and is coming to will arrive in Mexico soon. Discover fintech potential in Latin America.
🇨🇦 Crypto Staking company Figment becomes Unicorn with a $110M Series C. It supports the Web 3.0 ecosystem by making it easy for investors to stake their tokens, earn yield and participate in blockchain governance across more than 50 networks, including Ethereum (still on track to full PoS transition), Cardano, Solana and Polkadot.
🇺🇸 Climate fintech Aspiration has raised $315 in additional financing from Oaktree Capital Management before its planned SPAC merger with InterPrivate III Financial Partners.
Other notable fintech deals from around the globe:
🇩🇪 Modifi raised $145M in debt to expand its reach among small and medium-sized enterprises who want to trade internationally on its digital platform. Trade and supply chain financing platforms are raising record capital to help SMEs.
🇩🇪 Re:cap raised a $111.5M Seed round in a mix of growth capital and liquidity for its revenue-based financing platform. Discover how revenue-based financing is reinventing SMEs and startups financing.
🇳🇱 Cloud-based payment processing platform Silverflow has raised a $15M Series A at a $175M valuation. The team knows a thing or two about payments since all three founders worked in dutch payment giant Adyen, with one running card acquiring and processing services and one as COO.
Read up on all the latest fintech deals in Dealroom.co
Notable exits:
🇺🇸 Rocket companies announced it will acquire personal financial app Truebill for $1.275 billion in cash. Rocket Companies is best known for its Rocket Mortgage product, while Truebill is a consumer-facing app that helps consumers manage subscriptions, automate savings and budget. Truebill has 2.5M users, analyzes $50 billion in monthly transaction volume and has saved consumers more than $100 million since its founding.
🇺🇸 Mobile banking platform MoneyLion is to buy embedded finance marketplace Even Financial for $440 million.
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