Hello Fintech Friends,
In honor of the holiday weekend, we're publishing a special Saturday double-header with all of this week's fundraises and exits.
Please find another week of fintech financing events below.
Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm
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News coverage written and provided by Rachel Chang.
Stat of the Week
According to Freddie Mac research, lenders that deploy digital automation tools (such as those built by Tidalwave) can reduce origination costs by $1,500 per loan while improving profit margins and customer satisfaction.
Reads of the Week
Exits
IPOs & SPACs
SWBplans to go public via an $8.1 billion SPAC merger with Soulpower Acquisition Corp, offering stablecoin and banking services.
M&A - Fintech
Coinbaseagreed to acquireVector, an on-chain trading platform built on Solana. The deal expands asset availability and improves Coinbase’s consumer experience of trading assets through the DEX trading integration.
BKN301acquiredPlanky, an AI-driven financial analytics and open-banking specialist, while topping up its Series B with a £10 million credit facility to strengthen its fintech infrastructure stack across Europe, Africa, and the Middle East.
PaxosacquiredFordefi, whose MPC wallet platform is used by nearly 300 institutions, to build a unified custody infrastructure layer for the on-chain economy.
USIO acquired PostCredit, an expense platform for film and entertainment productions, expanding its payment and card issuing solutions.
FE fundinfo acquired Finscape, a specialist in investment distribution intelligence, to improve visibility into UK fund flows and give asset managers deeper insights into their distribution channels.
Cegid acquired Shine, an accounting and administrative platform, to create a fully integrated cloud-native and AI-driven financial hub for SMBs and accounting professionals in Europe.
Green Dot agrees to $1.1B breakup deal, in which Smith Ventures will acquire the company’s non-fintech operations for $690 million in cash, while CommerceOne will acquire Green Dot Bank, including its related assets and operations.
Venture Financing
Pennylane is in talks to raise $200 million, valuing the financial management and accounting solutions provider at $4.25 billion.
SAPI raised $80 million to scale its payment-linked financing platform, which enables payment providers and marketplaces to offer embedded credit to small businesses.
Model ML raised $75 million in Series A to expand its newly-launched AI workflow automation platform for financial services across San Francisco, Hong Kong, New York, and London.
Pay.com.au raised $53 million to expand its B2B payments and rewards platform to the U.S.
Stuut raised $29.5 million in Series A led by Andreessen Horowitz to automate accounts receivable (AR) processes using AI.
Tidalwaveraised $22 million in Series A to expand its agentic AI-powered mortgage point-of-sale (POS) platform in the U.S and make the mortgage process more efficient.
Modern Liferaised$20 million in Series A to build AI tools that help financial advisors offer and manage life insurance products.
Wealthyraised ₹130 crore (~$14.5 million) to expand its wealth-management services for independent financial advisors to new cities in India.
Dost raised £6 million (~$7.9 million) in Series A to scale its financial automation and accounting platform.
AxiTrust raised₹23.5 crore (~$2.8 million) in a seed round led by General Catalyst to expand its AI-driven transaction verification platform in India.
FinReach Solutions raised₹21.9–22 crore (~$2.5 million) to expand its credit-guarantee facilitation platform for micro and small businesses that often struggle to qualify for traditional loans in India.
Revolutcompleted a major share sale, in which existing employees and early shareholders were able to sell shares to new investors, resulting in a $75 billion valuation.
Parfin received an investment from Tether to support institutional USDT adoption Latin America and strengthen regional digital asset and settlement infrastructure.
MoonPay Ventures announcesstrategic investment in Zengo Wallet and secured exclusivity as its payments provider for crypto buy/sell flows.
Debt Financing
Avivasecured a $50 million credit facility from Community Investment Management ahead of its Series A to use natural-language processing that converts conversations into structured data, enabling the company to offer small-sized loans to the unbanked in Mexico.
BKN301 Group raised €32 million (~$37 million) through a combination of a recent €21 million Series B and a credit facility to scale its AI-driven fintech infrastructure platform across Europe.
Venture Funds
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