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Weekly Funding Highlights - 18 August 2021
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Weekly Funding Highlights – 18 August 2021

For this funding news, we dive further into the fintech landscape and retrieve the latest transactions. Find out who the latest names are to receive findings from fintech, crypto, data protection, accounting, financial services and blockchain. Enjoy the selected materials!

Chime Raises $750M (€640.6m) in Funding (Finsmes)

Chime (San Francisco, CA, US), a fintech company which provides mobile banking services via regional banks, raised $750m (€640.6m) in funding. The company intends to use the funds to expand operations and its business reach. Read more

Ualà Raises $350M (€298.9m) in Series D; Valued at 2.45 Billion (Finsmes)

Ualá (Buenos Aires, Argentine), a fintech company, raised $350M (€298.9m) in Series D funding. The company, which reached a valuation of $USD2.45 billion (€2b), intends to use the funds to expand operations, with plans to have a team of 1,500 employees by the end 2021, and its business reach, developing new business verticals, providing innovation and technological development in Latin America. Read more

Trading platform Bitpanda raises $263M (€224.6m) at a $4.1BN (€3.5b) valuation (The Techcrunch)

Bitpanda (Vienna, Austria), a crypto exchange platform, announced a $263 million (€224.6m) Series C, led by Peter Thiel’s Valar Ventures, with the fintech startup now valued at $4.1 billion (€3.5b). The Series C funding will be used for international expansion and growth, per a press release. Read more

FinTech Collective raises USD250m (€214m) and launched dedicated digital assets strategy (Private Equity Wire)

FinTech Collective (New York, NYC, US), a venture capital firm, raised $250m (€214m) and launched dedicated digital assets strategy. The firm raised this investment to focus on early-stage investments as well as focused on open-source, composable financial protocols and applications being built on smart-contracting platforms such as Ethereum. Read more

Real estate-fintech company Reali raises $250M (€214m) in Series B (The Israel Hayom)

Reali (New Delhi, India), a real estate-fintech company  raises $250M (€214m) in Series B. This latest wave of capital underpins Reali’s planned national expansion and product advancements to its Reali Trade-In and Reali Cash Offer services. Read more.

Sightline Payments Becomes a FinTech Unicorn After Latest Funding (Gambling News)

Sightline Payments, the payments solutions provider, becomes a FinTech Unicorn after its latest $244m (€209m) funding. It also reportedly became the first company based out of Nevada to have ever received the title, although there is no commemorative plaque or trophy that accompanies it. Read more.

OwnBackup Raises $240M (€205m) in Series E Funding (Finsmes)

OwnBackup (Englewood Cliffs, NJ, US), acloud data protection platform, raised $240m (€205m) in Series E funding. The company intends to use the funds to expand its comprehensive backup and recovery solutions across other cloud platforms later this year, beginning with Microsoft. Read more.

Affinity gets joint controlling stake in Ant-backed M-Daq after $200m (€170.7m) series D round (Tech In Asia)

M-Daq (Singapore), a fintech company received a $200m (€170.7m) investment , in a series D round. With the investment, Affinity joins the board of M-Daq holding a joint controlling stake along with the Singapore-headquartered startup’s management and staff, according to a statement. Read more.

Hopper raises $175M (€149.9m) at $3.5B (€2.9b) valuation as travel surges and its fintech tools help offset variant concerns (The Techcrunch)

Hopper (Montreal, Canada), a ravel tech company, has raised a $175 million (€149.9m) Series G. This latest round arrives as Hopper is seeing impressive growth as travel starts to surge on the recent downswings in cases in North America following large-scale COVID-19 vaccination campaigns. Read more.

TaxBit Raises $130M (€111m) in Series B; Valued at $1.33 Billion (€1.13b) (Finsmes)

TaxBit (Salt Lake City, UT, US) a tax and accounting software provider for the digital economy, raised $130m (€111m) in Series B funding round at a $1.33 billion (€1.13b) valuation. The company will use the funds to scale its multi-channel ecosystem of tax and accounting offerings across enterprise, consumer, and government sectors, double headcount by the end of the year and continue to open new offices in the USA and UK to accelerate international expansion. Read more

Klover Raises $60M (€51.2m) in Series A Funding (Finsmes)

Klover (Chicago, IL, US), a platform that gives access to modern financial services by leveraging consumers’ permissioned data, closed $60m (€51.2m) in Series A funding. The company intends to use the funds to expand the sales, marketing, engineering and product teams, grow their 1.5 million user base, and broaden the services and value to their consumers. Read more

Crypto Staking Firm Figment Raises $50 Million (€42.7m) from Novogratz’s Galaxy (Bloomberg)

Figment (Toronto, Canada), a crypto staking services provider has raised $50 million (€42.7m) in a new funding round for hiring and business expansion. The round values Figment at about $500 million. Read more

CertiK Raises $24M (€20.5m) in Series B+ Funding (Finsmes)

CertiK (New York, NYC, US), a blockchain security company, raised $24m (€20.5m) in Series B+ funding. CertiK has collectively served over 1300 enterprise clients, protected over $90 billion worth of digital assets, and detected over 23,000 vulnerabilities in blockchain code. Read more.

Baffle Raises $20M (€17m) in Series B Funding (Finsmes)

Baffle (Santa Clara,CA, US), a startup that aims to prevent data breaches by keeping data encrypted from production through processing, has raised $20 million (€17m) in Series B funding. The company intends to use the funds to continue to expand operations and its business reach. Read more.

Pngme Raises $15M (€12.8m) in Series A Funding (Finsmes)

Pngme (San Francisco, CA, US), a financial data infrastructure and machine learning-as-a-service platform, raised a further $15m (€12.8m) in Series A funding. The company intends to use the funds to expand its executive team. Read more

 

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