Neobank Remittance/MoneyTransfer Blockchain/DLT Capital Markets RegTech RealEstate Cyber/Identity HealthTech Valuation
Northmill Bank, the Sweden-based digital bank, has raised about €24.7 in new funding, led by M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli.
Perenna, a London-based startup building an digital mortgage bank, has secured $10 million in a seed round, which included investments from Kevin Flaherty, the former head of structured products at Deutsche Bank, and Tony Mallin MBE, managing partner of Star Capital.
Judo, the Australian Challenger bank for SMEs, has reportedly raised $280 million in a Series D round, with 60% coming from new investors, which values the company at more than $1.6bn – The Australian
Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture. – TechCrunch (Mike Butcher)
Albo, the Mexico City-based Challenger bank, has raised $45m in a round that included Valar Ventures, Greyhound Capital, Mountain Nazca and Flourish Ventures. – TechCrunch (Jonathan Shieber)
Monzo, the UK challenger bank, has raised another £60 million in funding from new backers including Deliveroo and Stripe investor Novator, Kaiser, and TED Global, as well as existing investor Goodwater. – Finextra
Current, the New York-based challenger bank, has raised $131m in Series C funding led by Tiger Global Management with participation from new investors Sapphire Ventures and Avenir as well as existing investors Foundation Capital, Wellington Management Company and QED Investors. The company now has a valuation of $750m. – PR Newswire
Aidexa, an Italian challenger bank for SMEs, has raised €45 million in seed financing from the Generali Group, Banca Sella, IFIS, and from VCs, family offices, trade associations and angel investors. – Finextra
GoSave, the Santa Monica, California-based digital piggy bank startup, has been acquired by Strive, the UK-based operator of a youth account for kids, in an all-stock deal - Finextra
Neobank Lucy, a Singapore-based fintech company that supports women entrepreneurs, raised S$500,000 (US$365,787) in a pre-seed round which was funded by 18 women investors from the UK, the US, Singapore, Somalia, Mexico, India, Indonesia, Hong Kong, the Netherlands, Australia, New Zealand, Vietnam, and Germany. – Tech in Asia (Doris Yu)
Jiko, the Berkeley-based challenger bank that completed the acquisition of a Mid-Central National Bank in September, has raised $40m in Series A funding co-led by Upfront Ventures and Wafra with participation from Radicle Impact, NYCA Partners, Anthem Ventures and all existing investors. – FinLedger (Mary Ann Azevedo)
Klar, a Mexico City-based challenger bank, inked $15m in funding led by Prosus Ventures.
Lanistar, a UK-based challenger bank, raised about $17.8m from members of the CEO’s family.
B-North, a UK challenger bank, raised £1m in bridge financing from Growth Capital Ventures as part of its Series A round of £20m, which it intends to complete in the months to come
Multis, a French startup that lets you create business accounts that also provides you with the ability to store and send cryptocurrencies, grabbed $2.2m in seed funding from a group of prominent investors that included White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One and Digital Currency Group, as reported by TechCrunch.
Kard, the France-based digital bank for teens that provides a prepaid Mastercard card, has added another $3.5m to its seed round, TechCrunch reported. The round was led by Founders Future with participation from individual investors.
Chime, the San Francisco-based neobank, has reached a valuation of $14.5bn in a new Series F round of $485m, according to a CNBC report that cited Chris Britt, CEO.
Oyster Financial, a neobank located in Mexico City and San Francisco and with a banking technology platform for SMEs in Mexico, netted seed funding of $14m led by monashees and SV Latam Capital with support from FJ Labs, Fintech Collective, Kevin Efrusy, Redpoint eventures, S7 Ventures and Ulu Ventures.
Neon Pagamentos,, the São Paulo, Brazil-based digital banking platform provider/neobank, secured $300m in Series C funding that will be split between two tranches of $150m each. The round was led by General Atlantic, with participation from new investors including Vulcan Capital, PayPal Ventures, Endeavor Catalyst and funds and accounts managed by BlackRock. Existing investors Monashees and Flourish Ventures also participated in the raise, while BBVA joined the round via existing shareholder Propel Venture Partners.
Cashaa, a London-based crypto-friendly neo-bank, snagged $5m from 01ex, a Dubai-based blockchain investment and advisory firm.
Neon, the Switzerland-based banking app creator, received an investment from the Helvetia Venture Fund of more than 5m CHF ($5.5m).
Fondeadora, a Mexico City-headquartered neobank, bagged a Series A financing round of $14m with Gradient Ventures at the helm with support from Sound Ventures, Y Combinator, Fintech Collective and Scott Belsky.
Bnext, a Madrid-based challenger bank, bagged an €11m extension to its Series A raise from October. The new capital comes from existing investors DN Capital, Redalpine, Speedinvest, Founders Future, Enern, Digital Horizons, Kreos Capital and Cometa and brings the total amount raised by Bnext for its A round to €33.5m.
3s.money, the London-based bank challenger, secured £1.5m in a funding round led by TMT Investments PLC, surpassing its initial raise target of £1m set in February.
Revolut, the London-based creator of a digital banking super app, raised $80m from TSG Consumer Partners, as an extension of a $500m Series D round in February.
inin, a Bengaluru, India-headquartered neo-bank, picked up pre-Series A funding of an undisclosed size with Unicorn India helming the round with support from Astir Ventures and PointOne Capital.
Memo Bank, a French digital bank focused on SMEs, secured €20m in a funding round supported by Bpifrance Investissement, BlackFin Capital Partners and Daphni.
Monzo, the UK-based unicorn challenger bank, has closed a $76m funding round at a 40% valuation drop, according to a multiple press reports.
Varo Money, a San Francisco-based mobile banking startup that plans to get a national banking charter, closed a $241m Series D funding round co-led by Gallatin Point Capital and The Rise Fund (whose members include TPG and U2’s Bono), with participation from new investors including HarbourVest Partners and Progressive Insurance. JP Morgan served as the sole placement agent for the transaction.