For this week’s funding, the financial landscape takes a dive into topics such as banking, neobanks, cybersecurity, software, retail finance and more. See below the latest transactions, funding rounds and investments within fintech.
US banking app Dave hits $4bn ($3,28bn) valuation
Dave (LA, CA, US), a banking app, is set to go public via a special purpose acquisition (SPAC) deal at a valuation of around $4 billion ($3,28bn). Read more
Brazil’s Nubank receives $500m (€410,25m) from Berkshire Hathaway
Nubank (São Paulo, Brazil), a neobank, has received $500 million (€410,25m) in funding from US conglomerate Berkshire Hathaway. The investment, alongside an additional $250 million raised from investors including the Canada Pension Plan Investment Board, MSA Capital and Sunley House Capital, brings the bank’s total funding for 2021 to $1.15 billion – the largest round ever raised by a South American technology company. Read more
Circle raises $440m (€361,02m) in financing to drive expansion
Circle (Boston, MA, US) has announced it has raised $440 million (€361,02m) in financing to fuel the company’s continued growth, organisational development and market expansion opportunities. Read more
Trulioo Raises USD $394M (€323,28m) in Series D; at $1.75 Billion Valuation
Trulioo (Vancouver, Canada), an identity verification company, completed a $394M (€323,28m) Series D funding round at a $1.75 Billion valuation. The company intends to use the funds to expand operations and its business reach. Read more
Tencent leads €150 million round in Scalable Capital
Scalable Capital (München, Germany), a digital wealth management platform, has raised more than €150 million in a Series E funding round led by Chinese tech conglomerate Tencent. Existing investors also participated, with the new capital bringing the total raised by the firm to €260 million. Read more
Private equity giant Warburg Pincus backs Series E of cybersecurity company Aura
Aura (Burlington, MA, US), a digital security platform, has closed its Series E round of $150m (€123,08m), which was led by private equity giant Warburg Pincus. Funds from the round will help the RegTech company bolster its customer experience, grow its user base, develop new features and implement programmes to increase customer awareness through a national advertising campaign. Read more
Stackline Secures $130M (€106,67m) Strategic Investment from TA Associates
Stackline (Seattle, WA, US), a technology company that builds subscription-based ecommerce tools for thousands of the largest consumer brands and retailers, received a $130m (€106,67m) strategic investment from TA Associates. Read more
Capchase Raises $125M (€102,56m) in Series A Funding
Capchase (New York, US), a provider of non-dilutive capital, raised $125m (€102,56m) in Series A equity and debt funding. Read more
HRTech startup SmartHR becomes Japan’s 6th unicorn after raising $115M (€94,36m)
SmartHR (Tokyo, Japan), a HRTech startup, has secured about $115 million (€94,36m) in the latest series D round, which brought their valuation up to 170 billion yen ($1.6 billion US) and let them join the Unicorn Club. Read more
Brinqa Raises $110M (€90,25m) in Growth Funding
Brinqa (Austin, TX, US), a cyber risk management company, received $110m in growth funding. Read more
Mythical Games raises $75M (€61,54m) for Blankos Block Party game and playable NFTs
Mythical Games (Sherman Oaks, CA, US), a next-generation game technology studio, has raised $75 million (€61,54m) to launch its Blankos Block Party open-world multiplayer game as well as its platform to create games with nonfungible tokens (NFTs). Read more
Kin Insurance Closes $69.2M (€56,78m) Series C Funding
Kin Insurance (Chicago, IL, US), an insurance technology company, raised $69.2M (€56,78m) in Series C funding. The company intends to use the funds to ramp up hiring and expand into new markets such as Texas and the Gulf Coast, and hurricane-prone regions that touch the Atlantic Ocean. Read more
Chia Network Raises $61M (€50,05m) in Series D Funding
Chia Network (San Francisco CA, US), a provider of smart transaction platforms, raised $61M (€50,05m) in series D funding. Read more
Bench secures $60 million (€49,23m)
Bench (Vancouver, Canada), a bookkeeping service, has raised almost $60 million (€49,23m) in Series C financing and announced the launch of Bench Core and Bench Flex, two new banking product offerings. Read more
Airbase Raises $60M (€49,23m) in Series B Funding
Airbase (San Francisco, CA, US), a spending management platform for small and midsize companies, raised $60M (€49,23m) in Series B funding. The round, which brought total venture funding to $91M, was led Menlo Ventures, and includes new investor Craft Ventures. Read more
Branch Insurance Raises $50M (€41,02m) in Series B Funding
Branch Insurance (Columbus, OH, US), a home and auto insurance startup, raised $50m (€41,02m) in Series B funding. The company, which has raised $82.5m to date, intends to use the funds to accelerate its rollout across the U.S. to enable more national embedded partnerships. Read more
Credit Sesame raises $51m (€41,85m)
Credit Sesame (Mountain View, CA, US), a free personal financial management tool, has raised $51 million (€41,85m) in growth capital and acquired rent reporting platform Zingo. The funding round was joined by Healthcare of Ontario Pension Plan, Menlo Ventures, ATW Partners, Globespan Capital, IA Capital Group, Inventus Capital, and more. Read more
Grabango Raises A $39 Million (€32,00m) Series B Round For Its Checkout-Free Grocery Technology
Grabango (Berkeley, CA, US), a provider of checkout-free shopper technology for existing stores, raised a $39 million (€32,00m) Series B round led by existing backer Commerce Ventures with participation from Founders Fund, Honeywell Ventures and Unilever Ventures, among others, including large players in the grocery sector. Read more
Overhaul Raises $35M (€28,72m) in Series B Funding
Overhaul (Austin TX, US), a company provider of software-based, supply-chain visibility, integrity, and security solution, raised $35M (€28,72m) in Series B funding. The round, which brought total funding to $55m, was led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures (venture arm of CSAA Insurance Group). Read more
Tiger Global leads $30M (€24,62m) investment into Briq, a fintech for the construction industry
Briq (Santa Barbara, CA, US), which has developed a fintech platform used by the construction industry, has raised $30 million (€24,62m) in a Series B funding round led by Tiger Global Management. The financing is among the largest Series B fundraises by a construction software startup, according to the company, and brings Briq’s total raised to $43 million since its January 2018 inception. Read more
Divido bags $30M (€24,62m) to take its ‘buy now, pay later’ platform to more markets
Divido (London, UK), a white-label platform for retail finance that integrates with e-commerce platforms (but can also support omni-channel) so retailers can offer consumers a “buy now, pay later” option at the point of sale, has bagged a $30 million (€24,62m Series B to fund international expansion. Read more
Blockdaemon Raises $28M (€22,97m) in Series A Funding
Blockdaemon (New York, US), a provider of a blockchain infrastructure platform, raised $28M (€22,97m) in Series A funding. The round was led by Greenspring Associates, with participation from Goldman Sachs, BlockFi, Warburg Serres, Uphold, Voyager Digital Ltd., Illuminate Financial, and Hard Yaka, Boldstart Ventures, Coinfund, Kenetic, CoinShares, Borderless Capital, Blockchain.com Ventures, Lerer Hippeau and Heavybit. The company intends to use the funds to accelerate operations and its business reach. Read more
Unchained Capital Raises $25M (€20,51m) in Series A Funding
Unchained Capital (Austin, TX, US), a provider of financial services for individuals and businesses, raised $25M (€20,51m) in Series A funding. Read more
TailorMed Raises $20M (€16,41m) in Funding
TailorMed Medical Ltd (New York, US), a digital financial health company, raised $20M (€16,41m) in funding. Read more
Kafene raises $14M (€11,49m)
Kafene (New York, US), a digital web and app-based lease to own platform that underwrites, approves, and enables payment instantly, raises $14M (€11,49m) to offer buy now, pay later to the subprime consumer. Read more
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