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Weekly Funding Highlights – 20th October 2021

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including payments, neobanks, fintech, embedded finance, infrastructure and more! Enjoy reading!

Fintech startup N26 nabs $900M funding round for its digital banking app
N26 GmbH (Berlin, Germany), a bank account and a virtual payment card provider, announced that it has closed one of the biggest funding rounds raised by a financial technology startup in recent memory: a $900 million investment led by Third Point Ventures and Coatue. Read more.

Zopa raises $300M at a $1B valuation to expand its P2P lending and savings neobank in the UK
Zopa (London, UK) — a neobank with some 500,000 users in the U.K. where it provides peer-to-peer lending, savings accounts, credit cards and other services — has raised $300 million, at a valuation that we’ve confirmed to be $1 billion (£750 million) post-money. Read more.

Indian fintech CRED valued at $4 billion following $251 million fundraise
CRED (Bengaluru, India), a fintech company, said it has raised $251 million in a new financing round, its third funding this year, at a valuation of $4.01 billion. CRED helps people improve their credit score by encouraging them to pay their credit card bills on time. The startup has amassed over 7.5 million members. (India has about 25 million unique credit card users.) Read more.

Fintech Platform Tala Raises $145 Million in Series E Funding
Tala (Santa Monica, CA, US), one of the emerging financial technology firms, recently announced that it has secured $145 million in Series E funding to expand its services. The latest funding round was led by Upstart. Through the recent funding, Tala is planning to develop one of the first mass-market crypto products for emerging markets. Read more.

SoftBank, Amazon, Accel and others put $108M in Brazilian banking and payments infra provider Pismo
Pismo (São Paulo, Brazil),  the startup that provides the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively, announced it has raised $108 million in a Series B funding round co-led by SoftBank, e-commerce giant Amazon and a venture firm Accel. Read more.

Embedded Finance Fintech Alviere Raises $70 Million Series A/B Funding
Alviere (New York, NYC, US), an embedded finance firm has raised $70 million in a Series A and B funding round led by Viola Ventures and Viola Fintech. Alviere seeks to empower any business to launch a new financial services line. Read more.

FinTech Startup Highnote Nets $54M in Funding
Highnote (San Francisco, CA, US), the all-in-one platform for creating payment cards and embedded FinTech experiences to help small and medium-sized businesses grow announced it has raised a combined $54 million in Series A round. Highnote provides embedded payment experiences to SMBs, allowing companies to launch a card within weeks instead of months, according to the release. Read more.

Brazil’s Hash raises $40M in a round led by QED and Kaszek for its white-label payments software
Hash (São Paulo, Brazil), a payment infrastructure fintech, announced today that it has raised $40 million in a Series C funding round co-led by QED Investors and Kaszek. Hash offers “end-to-end” payment infrastructure for non-financial B2B companies looking to offer banking services — from point-of-sale (POS) software and mobile applications to dashboards and payments. Read more.

M2P FinTech Raises $35M in Funding at $335M Valuation
M2P FinTech (India), an API infrastructure company has generated $35 million in Series C investments, pushing its valuation to $335 million. The startup, which began in November 2014, plans to use the latest round of funding to bolster its API infrastructure capabilities and broaden its reach beyond its current market of India, Nepal, the United Arab Emirates, Australia, New Zealand, the Philippines, Bahrain and Egypt, according to the report. Read more.

London-based fintech startup Plum raised additional €12 million in funding to become Europe’s ultimate money management app
Plum (London, UK), a fintech startup announced the first close of €12 million, which is part of an anticipated €20.7 million Series A funding round. The new funding will be used to supercharge the company’s expansion, and cement Plum as Europe’s ultimate money management app. Read more.

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