WEEKLY FUNDRAISING ACTIVITY
REPORT
👀 NEWS HIGHLIGHT
Amsterdam-based Moodus, a company that facilitates contactless donations, has acquired the assets of ACTOLL, a French FinTech company owned by Matawan. Ahmed Ali, co-founder of Moodus, announced the development via a LinkedIn post.
Ali says, this strategic move expands Moodus’s presence in France, boosts growth, and enhances innovation in the donation sector.
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NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Bird enters Payments! According to CEO Robert Vis.
⭐️ Female-founded Noggin HQ bags £710K to help users get access to credit.
⭐️ Capify secures £100 million credit facility from Pollen Street Capital.
⭐️ Marketplace payment startup backed by BNP Paribas, 1Point6, signs first customer.
FINTECH
Careem Pay expands international remittances to the UK. The Careem Pay international remittance service to India and Pakistan has been adopted by expats across the UAE.
Shariah-conscious investment plattform Mnaara launches in UK. The platform is the first to offer global private markets to individual and institutional Shariah-compliant investors, something that has been very difficult to access in the past.
UniCredit rolls out accessible cards for visually impaired. Already being rolled out in Italy, some 20 million cards will be gradually introduced over the course of 2024 to all customers in the twelve countries where the bank operates.
Meet the Monzo millionaires. The fresh round from a new investor like Alphabet still felt like a big moment for the company, which hit profitability for the first two months of 2023.
Ouro Partners with Bnext as Strategic Issuer for European Expansion Plans. The partnership supports Ouro’s strategic focus on innovation, growth, and expansion to global markets.
PAYMENTS
Brite Launches Instant Payments in Germany to Further Boost European Coverage. The launch of the company’s full solution in Germany marks its most significant market expansion to date, building upon its strong presence in the Nordics, Baltics and Benelux as it continues to expand across Europe.
Zilch, the ad-subsidised payments network, announces that it has extended its collaboration with Amazon Web Services (AWS) to accelerate the rollout of Artificial Intelligence (AI) innovation across the Zilch proposition.
PayPal was the most used online payment method among German online shoppers in 2023, like the year before. However, the American company saw its share of the local payment market decrease. Buy now, pay later services are on the rise.
Klarna scores major payment deal with Uber ahead of hotly anticipated IPO. You can now use Klarna to pay for your Uber and Uber Eats in the US, Germany and Sweden.
OPEN BANKING
Tink Teams With Splitwise to Offer Pay-by-Bank. The partnership is happening as account-to-account (A2A) payments, otherwise known as pay-by-bank, are growing in popularity with consumers.
DONEDEAL
14Peaks Raises $30 Million To Back FinTech And The Future Of Work. In his role as general partner of the fund, Edoardo Ermotti has deliberately sought to recruit a relatively tight circle of limited partners.
Fundpath secures £2 million investment. This funding round completes as Fundpath’s client base reaches a key milestone, with 100 asset management firms onboarded.
PPRO expands into US after securing £73m funding. PPRO recently completed a dual tranche funding round to pursue growth in key markets for its local payments platform.
UserHub heads the bill with $3.2M in pre-seed funding to revolutionise SaaS monetisation. This gap often leads to missed opportunities for revenue generation and limits the ability to serve all customer segments effectively.
Paris-based FinTech RockFi raises €3 million to become the “new wealth management”. RockFi aims to establish itself as a leading innovative player in private management, with the goal of making the excellence of the best family offices accessible to investor clients seeking advice, performance, and simplicity.
M&As
Konsentus has been sold to its management in a pre-pack administration for just £350K according to documents deposited at UK Companies House. Konsentus continues to trade and the 19 staff on London have been transferred to a new company.
SulPayments Switzerland and Gamecash Mexico united under international Holding Structure to expand local payment offerings in Latin America. This strategic move aims to leverage synergies between the two companies.
Spendesk, a French unicorn specializing in payment management for businesses, completes its first acquisition. With the acquisition of Okko, it aims to diversify its activities.