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Weekly Funding Highlights – 30 June 2021

Stay up to date with the latest fintech funding! Dive into the latest deals of this week from multiple sectors including cybersecurity, AI, HR automation, banking, credit cards, savings, cryptocurrency, and lending. Have a good read. 

Viva Republica lands $410m (€345M)

Viva Republica (Seoul, Korea), a technology firm behind super app Toss, has raised $410 million at a valuation of $7.4 billion (€6.2Bn). This latest Series H round boosts the firm’s valuation by nearly three times since its last funding. Alkeon Capital, a US-based firm, led the round, which also saw participation from Korea Development Bank, Altos Ventures and Greyhound Capital. Read more

Illumio raises $225 million (€189M)

Illumio (Sunnyvale, CA, USA), a provider of applications to prevent cyberattacks, has closed a $225 million (€189M) Series F funding round at a $2.75 billion (€2.31Bn) valuation. The round was led by Thoma Bravo, which recently bought cybersecurity vendor Proofpoint for $12.3 billion (€10.3Bn), and was supported by Franklin Templeton, Hamilton Lane and Blue Owl Capital. The company will use the newly raised funds to make a “huge” investment in its field operations and channel partner network, and to invest in innovation, engineering and its product. Read more

ClearScore Raises $200M (€168M) in Funding

ClearScore (London, UK), a credit marketplace, raised $200M (€168M) in funding at a valuation of $700m (€588M). Invus Opportunities made the long term investment, which is a mix of primary and secondary, with existing investors – QED, Blenheim Chalcot and LeadEdge. The company intends to use the funds for ongoing investments to expand its team, product suite, and customer base globally. Read more

Smart Raises £165M (€192M) in Series D Funding

Smart (London, UK), a global retirement savings technology platform provider, raised £165m (€192M) in Series D funding. The round was led by Chrysalis Investments, with a £75m (€87M) equity investment, with additional investors to be announced in the coming weeks. The overall round will comprise £110m (€128M) of primary and £55m (€64M) of secondary equity. The company intends to use the funds to further grow its retirement technology platform offering in the UK, the US, Australia and the Middle East, with additional territories to follow. Read more

SmartAsset Raises $110M (€92M) in Series D Funding

SmartAsset (New York, NY, USA), an online platform for financial advice connecting consumers with financial advisors, closed a $110m (€92M) Series D funding round, valuing the company at over $1 billion. The company intends to use the funds to invest in improving the user, new product offerings, technology infrastructure and data partnerships and scaling its employee headcount to accelerate growth. Read more

Chainalysis Raises $100M (€84M)

Chainalysis (New York, NY, USA), a blockchain data platform, raised $100m (€84M) in Series E financing. The round was led by Coatue, bringing its valuation to $4.2 billion (€3.5Bn), with participation from previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital and Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital. The company intends to use the funds to hire for hundreds of new positions across all functions to continue its global expansion. Read more

Lower has raised $100 million (€84M)

Lower (New Albany, OH, USA), a home finance platform, has raised $100 million (€84M) in a Series A funding round led by Accel. Looking ahead, the company plans to add more services and has an “aggressive roadmap” for adding new features to its platform. Read more

Accept.inc raises $90m (€76M)

Accept.inc (Denver, Colorado, USA), a digital mortgage lending platform, has raised $90 million (€76M) in debt and equity financing, bringing Accept.inc’s total raised to $92 million (€77M). The firm plans to entice customers with a promise to cover any unexpected costs in the buying process. Read more

Orum has raised $56 million (€47M)

Orum (San Francisco, CA, USA), which aims to speed up the amount of time it takes to transfer money between banks, has raised $56 million (€47M) in a Series B round of funding. Accel and Canapi Ventures co-led the round, which also included participation from existing backers Bain Capital Ventures, Inspired Capital, Homebrew, Acrew, Primary, Clocktower and Box Group. Orum aims to use machine learning-backed APIs to “move money smartly across all payment rails, and in doing so, provide universal financial access.” Read more

Deserve raises $50M (€42M) in Series D funding

Deserve (Palo Alto, CA, USA), a fintech company transforming credit cards into software that lives on mobile, raised $50m (€42M) in Series D funding round. The round was led by Mission Holdings, Mastercard and Ally Ventures with participation from Goldman Sachs Asset Management, Sallie Mae, and other existing investors. The company intends to use the funds to expand its business reach. Read more

Kaiko Closes $24M (€20M) in Series A Funding

Kaiko (Paris, France), a cryptocurrency market data provider, raised $24m (€20M) in Series A funding. The round was led by global financial services investors Anthemis and Underscore VC with participation from Point Nine, Alven and Hashkey Capital. The company intends to use the funds to continue hiring in the areas of product, institutional sales, business development, and engineering and support expansion into North American and Asian markets. Read more

Slice raised $20 million (€17M)

Slice (Bangalore, India), a credit card challenger for millennials, has raised $20 million (€17M) in a new financing round and is adding new features to change how people engage with their credit cards. Existing investors Gunosy, Blume Ventures and others financed the new round. The company will deploy the fresh funding into developing more features for customers. Read more

Pequity raises $19 million (€16M)

Pequity (San Francisco, CA, USA), a startup that automates HR workflows from offers to promotions and transfers, has raised $19 million (€16M) in a Series A led by Norwest Venture Partners. The funding will be used to continue investing in product and also hiring: the company has 20 on its own books now and will aim to double that by the end of this year, on the heels of positive reception in the market. Read more

Spotr.ai raises € 2.5 million 

Spotr.ai (Den Haag. NL), a company specialised in automated building inspection, raised a € 2.5 million seed round from international investors Volta Ventures, InnovationQuarter, and Concrete Ventures to accelerate the growth to the UK market. With this new investment, Spotr.ai is taking a big leap forward in determining the quality and maintenance status of residential and commercial real estate with AI powered image recognition. Read more

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