London has raised more fintech investment than any other hub, even the Bay Area in 2022! London was already the 2nd top world hub for fintech investments after the Bay Area with over $84B raised between them in the last five years.
Key fintech developments happening in the UK:
One year after the Kalifa review, UK fintech is definitely in a much stronger position, when the UK was at risk of losing its trailblazing position in the fintech world.
For a more in-depth guide on how the London tech ecosystem is fairing, and its partnership with tech hub, San Francisco, download and read the lastest Dealroom report by clicking the button below. 👇
🚨 Coinbase users might lose all crypto stored in their accounts - In case of bankruptcy of the exchange, users might lose all the cryptocurrency stored in their accounts according to an update on the risks in Coinbase Q1 earnings. Not your keys, not your coins. - Fortune
🔎 BNPL + revenue-based financing - Scalapay joins forces with RITMO to accelerate the growth of the best eCommerce - Scalapay LinkedIn Post
📉 The collapse of Terra - $40B value lost in one of the biggest crashes in crypto history - Lorenzo Chiavarini
Latest fintech deals
Thelargest this week:
🦄 Payroll platform Deel reaches decacorn status just a year after becoming a unicorn on the heels of the remote working shift. The startup raised a further $50M at a $12B valuation from Emerson Collective, Andreessen Horowitz, Spark Capital and Y Combinator.
🇺🇸 Crypto forensics startup Chainalysis raises $170M at an $8.6B valuation in a Series F funding round led by GIC.
🇳🇬Nigerian payments company Interswitch raised a $110M joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across the continent.
Other notable fintech deals from around the globe:
🇭🇰 No-code insurance platform CoverGo raised a $15M Series A to help insurers and insurtech companies build and launch all types of insurance products within days, develop omnichannel distribution, streamline policy admin and automate claims processes.
🇬🇧Token.io secures $40M investment to scale Open Banking payments in Europe.
At Dealroom.co we work to become the intelligence layer for entrepreneurial ecosystems. We are connecting data across: Talent (founders, job openings, leadership, angels, etc), Capital (Vc funding, exits/M&A), Innovation (tech stack, patents, universities, innovation projects, etc) and Infrastructure (accelerators, events, workspaces, etc).
Go to your dashboard 👉 click on "Add a new Dashboard Card" 👉 Predictive Signals
Job opportunities
🇬🇧Saltpay, a payment provider for small businesses is hiring for an Engineering Director and other 181 roles.
🇬🇧Neobank Revolut is hiring for Compliance Manager and other 319 roles.
This is Dealroom's weekly fintech newsletter. Get more industry-specific intelligence on the evolving world of fintech, emerging trends, and game-changing startups. Delivered on Wednesdays.
Dealroom.co, Cornelis Dirkszstraat 27-2, 1056 TP, Amsterdam, The Netherlands
.png?upscale=true&width=320&upscale=true&name=svb_logo_primary_color_(standard).png){kind=logo}
