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Weekly Funding Highlights – 9 February 2022

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including fintech, payments, NFT, credit cards, banking and more. Enjoy reading!

Aleo Raises $200M in Series B Funding
Aleo (San Francisco, CA), a platform for building private blockchain-based applications, raised $200M in Series B funding. The round, which valued the company at $1.45 billion, was led by Kora Management LP and SoftBank Vision Fund 2, with participation from Tiger Global, Sea Capital, Slow Ventures, Samsung Next, and Andreessen Horowitz (a16z). Read more.

Wayflyer Raises $150M in SeriesB Funding
Wayflyer, a Dublin, Ireland-based global revenue-based financing and growth platform for eCommerce businesses, raised $150m in Series B funding. The raise brings Wayflyer’s post-money valuation to $1.6bn. The equity round was co-led by DST Global and QED Investors, which were joined by Prosus, Madrone Capital Partners and J.P. Morgan and existing investors Left Lane Capital and Guillaume Pousaz (Checkout.com founder). Read more.

UK fintech Selina Finance raises $150m in Series B funding round
Selina Finance (London, UK), a consumer lending fintech  has raised a total of $150 million in a Series B round made up of a combination of equity and debt financing. The firm secured $35 million in equity funding led by Lightrock with additional participation from existing investors. Additionally, $115 million in debt was secured from Goldman Sachs and GGC to fund further expansion as Selina builds towards going public. Read more.

Tonik raises US$131M Series B led by Mizuho Bank
Tonik Financial Pte Ltd (Singapore), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho Bank, which is one of the largest Japanese banking groups and a Top 10 bank by assets in Asia Pacific region, active in the Philippines since 1981.  Other significant new investors in the round included Prosus Ventures (formerly Naspers Ventures), the co-founder of DST Partners Rahul Mehta, as well as a Singapore investment fund Sixteenth Street Capital and Indonesian family office Nuri Group.  Read more.

Houwzer Raises $118M In Series B Equity and Debt Funding
Houwzer (Philadelphia, PA), an end-to-end real estate brokerage and homeownership platform, closed a $118m financing round. The funding includes $18M in Series B equity and a $100M warehouse line of credit. The round was led by Edison Partners with participation from follow-on investors Admiral Capital Group, GOPhilly, and Ben Franklin Technology Partners. This brings Houwzer’s total equity funding to $35m since its 2015 inception. Read more.

Clikalia Raises Euro 75M in Series C-1 Financing
Clikalia (Madrid, Spain), a real estate platform, closed Euro 75M Series C-1 funding round. The round was co-led by SoftBank Vision Fund 2 and Fifth Wall, with participation from existing investors Luxor Capital and Guillaume Pousaz. Proceeds from the round will be used to accelerate the company’s growth. Read more.

Mos secures $40m Series B funding to drive product expansion
Mos (Audubon, Pennsylvania), a student financial services app has raised $40 million in a Series B funding round to support its plans to expand beyond student banking services and serve the wider financial needs of Gen Z. The round was led by Tiger Global and saw the return of previous investors Sequoia, Khaled Helioui, Expa, Emerson Collective and Lux Capital. Writing in a blog post on the company’s website, Mos founder and CEO Amira Yahyaoui says the firm experienced rapid expansion in 2021. Read more.

180° Seguros Raises $31.4M in Series A Funding
180° Seguros )Sao Paulo, Brazil), an insurtech company, secured $31.4m in Series A funding.  The round was led by 8VC, followed by Dragoneer, Monashees, Atlantico, Quartz, and Norte. The company intends to use the funds to continue to grow its 50-person team create joint ventures as well as expand the number of strategic partnerships with startups, retailers and companies. Read more.

Australian FinTech OwnHome Unlocks $31M in Funding for Portfolio, Platform Growth
OwnHome (Darlinghurst, Australia), a FinTech startup, which has a goal of “turning renters into property owners,” has raised $31 million in a Series A funding round, according to a report Friday (Feb. 4). The money will go towards the customer platform and growing the company portfolio. OwnHome looks at first-home buyers who are currently renting and can afford regular monthly payments. It allows approved buyers to move into a home without a deposit. They instead pay an upfront fee and then monthly payments will build their deposit. Read more.

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