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Weekly Funding Highlights – 15 December 2021

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including fintech, loans, regtech, insurtech, cloud technology, startups and more. Enjoy reading!

NYDIG Announces $1 Billion Funding Round
NYDIG (New York, NYC, US), a leading bitcoin company, announced today a growth equity funding round of $1 billion that will value the company at more than $7 billion. The round was led by WestCap, with participation from prior leads Bessemer Venture Partners and FinTech Collective, as well as strategic partners and existing investors Affirm, FIS, Fiserv, MassMutual, Morgan Stanley, and New York Life. Read more.

Challenger bank Monzo has hit a valuation of $4.5 billion with a new $500 million funding round
Monzo (London, UK), a digital bank is set to raise $500 million in a new funding round. The deal values the fintech at $4.5 billion, with new investment coming from the Abu Dhabi Growth Fund. Read more.

Mambu raises US$265.7mn in Series E funding round
Mambu (Berlin, Germany), the market-leading, modern SaaS banking platform, has announced the results of its latest funding drive, which raised the all-digital bank $265.86 in a Series E round led by EQT Growth, the growth equity strategy of the purpose-driven global investment organization EQT. Company’s valuation of $5.4bn post-money, making it one of the highest-valued B2B SaaS companies founded in Europe. Read more.

Indian fintech Uni raises $70 million for its pay-later cards offering
Uni (India), a startup that offers users pay-later cards, has raised $70 million in a financing round as it looks to broaden its product offerings in the South Asian market. General Catalyst led the one-year-old startup’s Series A funding. Eight Roads Ventures, Elevation Capital, Arbor Ventures as well as existing investors Lightspeed and Accel participated in the round. Read more.

SoftBank leads $60 million funding in Juspay, valuation jumps to $460 million
Payments technology startup Juspay on Wednesday said it has raised $60 million in a funding round led by SoftBank Vision Fund II. The round also saw participation from existing investors VEF and Wellington Management. While SoftBank has put $50 million in this round, the rest came from the existing investors, said Vimal Kumar, founder and CEO, Juspay. Read more.

4DX Ventures closes second fund with $60M, adds Dikembe Mutombo as senior advisor
4DX Ventures (Pan-Africa), a venture capital firm has completed the final close of its second fund at $60 million. The second fund, launched in the first quarter of this year, was expected to close at $50 million, but investor and limited partner (LP) interest saw the fund oversubscribed. The LPs involved are unnamed. They include U.S.-based asset managers, a university endowment, global family offices, tech founders, hedge fund portfolio managers and investors from private equity and venture capital, the firm said. Read more.

Local fintech Flip raises $48m in foreign VC-led funding round
A local start-up focusing on interbank transfers has secured US$48 million in series B funding in the latest sign of the country’s booming fintech industry. The funding round for PT Fliptech Lentera Inspirasi Pertiwi, the company behind the app Flip, was coled by venture capital heavyweights Sequoia Capital India, Insight Partners and Insignia Ventures Partners. Read more.

Hive Technologies Raises $30M in Funding 
Hive Technologies, a Los Angeles CA-based company expanding affordable access to EVs and renewable energy-based charging infrastructure, raised $30M in funding. Backers included iSun, Inc. (NASDAQ: ISUN), Galway Sustainable Capital, and Los Angeles Cleantech Incubator’s Impact Fund, LACI as well as strategic individuals from the renewables and real estate sectors, aligned to Hive’s Environmental, Social, and Governance (ESG) objectives. Read more.

Payments startup Silverflow closes $17 million round led by Coatue
Silverflow  (Amsterdam, The Netherlands), a payments company said that it has raised a $17 million Series A round led by Coatue Management. It will use the money to nearly triple its team from 24 people to 70, for expansion into the US, and to strengthen its balance sheet, according to a press release. Read more.

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