The largest this week:
🇺🇸 FTX raised $420M at a $25B valuation from 69 investors – including BlackRock and Tiger Global. This round is an extension to the $900M raised in July, with a nice 39% increase in valuation.
🇮🇳 Groww, a stock trading app, raised a $251M Series E at a $3B valuation. Groww was valued at $250M last September and $1B just in April. The startup is one of many capitalizing on and pushing retail trading adoption in emerging markets, discover the others.
🇬🇧 Online lender and digital bank Zopa raised $300M from Softbank and Augmentum fintech and became the 41st UK fintech unicorn.
🇺🇸 Brex, a corporate spend management startup, signed a term sheet for $300M at a $12.3B valuation. Competitors include Ramp in the US which was valued at $3.9B in August, Danish startup Pleo valued at $1.7B in July and Spendesk and French Spendesk.
🇺🇸 Startup investment platform Republic wants to build a compliance-focused secondary marketplace for digital securities and raised $150M in fresh capital to do so. The company vision believes that “most tokens, including in the DeFi and NFT space, are securities”.
Other promising fintech deals from around the globe:
🇸🇪 Juni, the neobank built for e-commerce merchants, has raised a $52m Series A extension from EQT Ventures. Discover the new fintech rising stars in Sweden.
🇺🇸 Global digital currency Worldcoin is launching with $25M at a $1B valuation led by Andreessen Horowitz, with participation from Coinbase, Reid Hoffman, FTX’s Sam Bankman-Fried. Worldcoin vision is based on the concept of proof-of-personhood, putting a crypto wallet (and some currency) onto every human’s smartphone by scanning a billion people’s eyeballs with a five-pound chromatic sphere called “The Orb”.
🇩🇪 Billie, a factoring startup, raised $100M from Tencent and Dawn Capital at a $640M valuation. Through a global cooperation with Klarna, Billie wants to bring B2B outside of Germany. Discover other 10 B2B BNPL startups.
🇧🇷 Pismo, a cloud-native core banking and payments platform, raised a $108M series B to give banks, fintechs, and other financial institutions flexibility and agility. Check out our deep dive on core banking.
🇺🇸 Mojito, the startup supporting Sotheby’s Metaverse, announced Thursday that it raised $20M in its first funding round at a $100M valuation. Sotheby, one of the world's largest brokers of fine and decorative art, jewelry, and collectibles, sold the first NFT in April and last week launched its own NTF platform.
Read up on all the latest fintech deals in Dealroom.co
Notable exits:
🇺🇸 Challenger bank Chime is in talks to go public at a $35B to $45B valuation. It was last valued at $25B in August. Discover 26 other fintech companies looking to go public in 2021/2022.
🇮🇳 Stripe acquires Recko. which has built a platform that lets businesses track and automate payments reconciliation, covering both outgoing and incoming payments and the full ecosystem of inbound and outbound payment sources and receivers. Like Stripe itself, Recko leans heavily on APIs to integrate and work with different data sources. Discover Stripe's acquisitions.
Read up on all the latest fintech exits in Dealroom.co
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