Financial Technology Partners / FT Partners

This week in #FinTech deal activity: 63 financings and 22 M&A transactions   👉 Highlights this week include the largest #RealEstateTech funding round since 2021 (Hostaway’s $365 million growth financing), the largest #InsurTech M&A deal announced this year (CCC Intelligent Solutions’ $730 million purchase of EvolutionIQ), and another FinTech company joining the growing list of companies set to go public in the US in 2025, with San Francisco-based challenger bank Chime, last valued at $25 billion, filing confidentially.   📊 View or download the weekly infographic below or here: https://lnkd.in/e8MDCpGG   💰 Largest / Notable Deals This Week: • Vacation rental software provider Hostaway secures a $365 million growth investment led by General Atlantic • Singapore-based digital banking company Tyme raises $250 million in Series D financing led by fellow challenger bank, Nubank • Provider of a financial management platform for accounting firms Aiwyn raises $113 million in funding led by KKR and Bessemer Venture Partners • Embedded finance infrastructure company Parafin raises $100 million in its Series C round led by Notable Capital at a valuation of $750 million • ICHRA tech platform for employee benefits Remodel Health raises $100 million in growth financing from Oak HC/FT and Hercules Capital • CCC Intelligent Solutions (NASDAQ: CCCS) agrees to acquire EvolutionIQ, an AI-powered disability and injury claims management company, for $730 million ICEYE, BVNK, Basis, justt, Bureau, TBC, DEMICA, FIS, Orion Health, Orion, Summit Wealth Systems, Growers Edge, Deel, Chainalysis

⭐November #FinTech Deal Activity Recap: $3.0 billion in Financing Volume and $1.5 billion in M&A Volume   💰 Financing: • FinTech financing volume in November 2024 dropped to the lowest level since February of this year, down 44% from the YTD-high of $5.3 billion in October and down 29% from November 2023. • Similarly financing deal count of 278 represented a decline of 17% from the prior month (334 deals) and was below the trailing 12-month average of 308 deals, though it was up 26% on a year-over-year basis. • Just three $100 million+ financing transactions were announced in November, down from fourteen in October and ten during the year-ago-period. • The largest deal of the month was raised by Spain-based SeQura, a provider of installment payment options for online shopping, which announced that it had closed €410 million (~$435 million) in a combination debt and equity funding round led by Citi. • Argentina-based digital bank and financial super app Ualá, raised $300 million in its Series E round led by Allianz X at a $2.75 billion valuation. The deal is the largest FinTech financing round in Latin America in over two years. • While not captured in financing activity stats, Sweden-based buy now pay later company Klarna (recently valued at more than $14 billion) confidentially filed for a US IPO during the month.   🤝 M&A: • FinTech M&A activity fell in November, with approximately $1.5 billion in announced transaction volume compared to more than $8 billion in October and $9.5 billion in the year-ago-period. • M&A deal count also declined sequentially, but grew 37% year-over-year as M&A activity has kept a strong pace during 2024, already surpassing full-year 2023 and 2022 deal counts. • Hg’s majority buyout of Empyrean Solutions, a financial risk management platform for banks, is said to value the Company at $500 million, according to Bloomberg, making it the largest M&A deal announced during the month. • Ranking second largest in November, Robinhood’s $300 million acquisition of custodial and portfolio management platform TradePMR, represents Robinhood’s push into wealth management and its largest acquisition to date.   📊 View or download the monthly infographic below or here: https://lnkd.in/eNPeAQx4   👉 Transaction profiles published in October: • Ualá Raises $300 million in Series E Financing: https://lnkd.in/eq5q-pq7 • Lean Technologies Raises $68 million in Series B Financing: https://lnkd.in/eihRcWdF • Levanta Raises $20 million in Series A Financing: https://finte.ch/Levanta • The Access Group Acquires Paytronix: https://finte.ch/Paytronix

This week in #FinTech deal activity: 72 financings and 38 M&A transactions  👉 The number of $50 million+ capital raises reached a recent high this week with nine announced, compared to just one in the last two weeks.  📊 View or download the weekly infographic below or here: https://lnkd.in/ePdh7vCG  💰 Largest / Notable Deals This Week: • Cloud-based digital banking software provider Lumin Digital raises $160 million in growth financing led by Partners Group, Light Street Capital and NewView Capital • Investing platform Public raises $105 million in Series D2 financing led by Accel • Indian lending platform Vastu Housing Finance Corporation Ltd. raises $100 million in financing from Prosus Ventures at a valuation of ~$1.2 billion • UK-based consumer lending and banking platform Zopa Bank raises €80 million (~$87 million) in financing led by A.P. Moller Holding • India-based supply chain financing company Mintifi raises $80 million in financing from Prosus Ventures at a valuation of ~$750 million • MUFG agrees to acquire WealthNavi Inc., a Japan-based robo-advisor for $664 million after previously acquiring a 15% stake in the Company earlier this year TECHCOOP, KPay Group, Soda Health, 9fin, DPL Financial Partners, Dext, IRIS Software Group, Capitolis, CAPITALAB, Comdata, PDI Technologies, Klar, Tribal, INSURITAS, First Dollar, Inspira Financial

This week in #FinTech deal activity: 50 financings and 14 M&A transactions 👉 With just one more month left in the year, 2024 FinTech financing volume is tracking to total just under $50 billion, which would represent a 10% year-over-year decline 📊 View or download the weekly infographic below or here: https://lnkd.in/ea5PP3aC 💰 Largest / Notable Deals This Week: • Digital identity company ID.me raises $67 million in secondary financing led by Ribbit Capital • Embedded credit card platform Cardless raises $30 million in financing led by Activant Capital • AI-powered wealth management platform Range raises $28 million in Series B financing led by Cathay Innovation • Payments platform for game apps Appcharge raises $26 million in Series A financing led by Creandum • Capital market technology company Capitolis raises $20 million strategic financing from four global banks led by Citi • Partior, provider of a ledger-based interbank system for real-time clearing and settlement, raises $20 million in additional Series B financing from Deutsche Bank • US-based HR & payroll platform for global teams Deel acquires UK-based money transfer company Atlantic Money to enhance its payments infrastructure in Europe Boosted.ai, Constrafor, Predium, U2U Network, Visma, Pay.so, Money Forward, Inc., justInCase, Inc., Aer Compliance

This week in #FinTech deal activity: 56 financings and 22 M&A transactions 👉 Highlights include Robinhood’s largest acquisition to date – the $300 million purchase of wealth management platform TradePMR – and a lack of $50 million+ capital raises, compared to five announced last week. 📊 View or download the weekly infographic below or here: https://lnkd.in/eT6q-JNP 💰 Largest / Notable Deals This Week: • Healthcare financial assistance platform TailorMed raises $40 million in debt and equity financing led by Windham Capital Partners • AI-powered insurance underwriting platform Federato raises $40 million in Series C financing led by StepStone Group • US equities alternative trading system OneChronos raises $32 million in financing led by Addition • UK-based payment orchestration platform for airline and travel industries CellPoint Digital raises $30 million in financing from Toscafund Asset Management LLP and Penta Capital LLP • Mexico-based employee benefits platform minu raises $30 million in Series B financing led by QED Investors • Robinhood agrees to acquire TradePMR, a custodial and portfolio management platform for RIAs, for approximately $300 million in cash and stock Goodstack, QPLIX | Wealth Management Software, Zopper, AXCS, Apaleo, Numerated, Moody's, KatRisk, Axeptia - Credit Intelligence , Paxos, Celcoin, Grow My Money

It was great to attend the first Financial Technology Partners / FT Partners Fintech Conference, get exposed to awesome business models and meet bright people! Great job, FTP team! 🚀🚀

We are excited to announce our inaugural FT Partners FinTech Conference hosted by our Equity Research department with a fantastic agenda of public and private companies. The event will be held in New York City on Wednesday, November 20th, 2024. There are limited seats still available -- please email EquityResearchSales@FTPartners.com if you are interested in attending in person.

This week in #FinTech deal activity: 70 financings and 25 M&A transactions   👉 #LatAm FinTech investment activity continues to ramp up as Argentinian challenger bank Ualá raises $300 million in its Series E round – the largest FinTech capital raise in the region in over two years. Sweden-based buy now pay later company Klarna, recently valued at more than $14 billion, confidentially filed for a US IPO, joining a handful of other FinTech companies on file in the US: Solera Holdings, LLC., Circle, Apex Fintech Solutions and Chia Network.   📊 View or download the weekly infographic below or here: https://lnkd.in/eCpp-NBS   💰 Largest / Notable Deals This Week: • Argentina-based challenger bank Uala raises $300 million in Series E financing led by Allianz X • Canada-based challenger bank Neo Financial raises C$110 million (~$79 million) in Series D equity financing • Saudi Arabia-based FinTech Infrastructure / Open Banking platform Lean Technologies raises $68 million in Series B financing led by General Catalyst • Rural India-focused lending platform SarvaGram raises ~$67 million in Series D financing led by Peak XV Partners • Italy-based payments app Satispay raises €60 million (~$64 million) in financing from Addition, Greyhound Capital, and Lightrock • SIX agrees to acquire Aquis Exchange, an operator and technology provider of pan-European financial markets and exchanges for an EV of £194 million (~$251 million) Agicap, 0G Labs, FASST, UPTIQ, Trolley, aixigo, Amundi, Bitsight, Prevedere, Board, Celero Commerce, Precision Payments, Inc., Kaiko, Vinter, a Kaiko company, Crypto.com

⭐October #FinTech Deal Activity Recap: $5.3 billion in Financing Volume and $8.0 billion in M&A Volume 💰 Financing: • FinTech financing volume represented the highest monthly volume so far this year and an increase of more than 30% over the year-ago period. • The rise was driven by a surge of $100 million+ funding rounds, with 14 announced, the highest level since July 2022. • The two largest financing deals were strategic investments: LSEG (London Stock Exchange Group) acquired an additional minority stake in its clearing house subsidiary LCH and Mitsubishi Corp acquired half of Ayala’s stake in Philippines-based digital wallet Mynt. • Later-stage investment activity also came back into focus – international money transfer company Zepz raised $267 million – the largest FinTech Series F round in the last two years. Further, both Zip, a procurement / spending platform and Melio, an SMB payments platform announced valuations of more than $2 billion, though in Melio’s case, this was a recalibration from its 2021 valuation of $4 billion. • Emerging markets investment activity experienced an uptick as of late, with notable deals by Brazil-based billing / AR automation company ASAAS and Nigeria-based SMB payments and banking platform Moniepoint Group. 🤝 M&A:  • FinTech M&A activity remained robust in October with the highest deal count since January 2022. • In particular, private equity-led deal activity in 2024 YTD already surpassed last year’s levels. Silver Lake and GIC’s $1.7 billion acquisition of subscription billing platform Zuora was the eighth $1 billion+ take-private PE deal in the FinTech sector this year. • Notable strategic mergers in October included Kazakhstan-based Kaspi.kz’s acquisition of Turkish e-commerce platform Hepsiburada, valued at just over $1.7 billion and Stripe’s $1.1 billion acquisition of 2.5-year-old Bridge, a stablecoin infrastructure platform. • The Stripe / Bridge deal, which represents the largest-ever M&A transaction in the Crypto & Blockchain sector, solidifies Stripe’s renewed focus on the space after a six-year hiatus from offering crypto-related payments options. 📊 View or download the monthly infographic below or here: https://lnkd.in/eumCVVYp Transaction profiles published in October: • TrueLayer Raises $50 million in Financing: https://lnkd.in/eiV9iQKu • Zepz Raises $267 million in Series F Financing https://lnkd.in/eqXr4v_q • Imprint Raises $75 million in Series C Financing https://lnkd.in/g8QaJFvK • Asaas Raises ~$150 million in Series C Financing https://finte.ch/Asaas • GTCR LLC and Recognize Acquire TRANZACT for $632 million https://lnkd.in/e6WCGhyZ • Experian Acquires ClearSale for ~$350 million https://finte.ch/ClearSale • Farther Raises $72 million in Financing: https://finte.ch/Farther • Stripe Acquires Bridge for $1.1 billion: https://lnkd.in/eDJADcXk • Melio Raises $150 million in Series E Financing: https://lnkd.in/gsEBgSUw

This week in #FinTech deal activity: 52 financings and 28 M&A transactions  👉 Given the major news coverage around the US presidential election this week, unsurprisingly more than 70% of capital raises announced were for companies based outside of the US, compared to 45% last week.    📊 View or download the weekly infographic below or here: https://lnkd.in/ez_QzBPW    💰 Largest / Notable Deals This Week: • Cloud crypto mining platform CrytocoinMiner raises $100 million in financing from Nomad Capital, No Limit Holdings, Sky9 Capital and more • FI regulatory compliance solutions provider Kaizen secures a £42 million (~$54 million) minority investment from Guidepost Growth Equity • India-based home finance platform Easy Home Finance Limited raises $35 million in funding led by Claypond Capital and SMBC Asia Rising Fund • UK-based business bank Recognise Bank raises £25 million (~$32 million) from Parasol V27 • Spain-based VAT compliance and e-invoicing tech company Marosa raises €12 million (~$16 million) in financing from Aquiline Capital Partners • FIS acquires digital business banking and cash management solutions provider Dragonfly Financial Technologies from One Equity Partners MODIFI, Fractional, Tesouro, iDWELL, vlayer Labs, First Connect Insurance Services, Centana Growth Partners, Health Catalyst, Ripjar, Long Ridge Equity Partners, BlinkPay, Bank of New Zealand, Pepper Advantage, Encapture