Financial Technology Partners / FT Partners reposted this
This week in #FinTech deal activity: 66 financings and 19 M&A transactions. Slight uptick in financing activity compared to last week, with 20 more deals announced and four $50 million+ capital raises. The largest financing this week, SMB financial management platform Asaas’s ~$150 million Series C round, stands out as the largest Brazilian FinTech financing deal so far this year, as investments in the country have picked up, with 2024 YTD levels already surpassing full-year 2023. 👉 Reminder, FT Partners will have a team at both ITC and Money20/20 in Las Vegas this month. Let us know if you would like to meet up during the conferences! Please reach out here for ITC: ITC@ftpartners.com and here for Money20/20: money2020@ftpartners.com 📊 View or download the weekly infographic below or here: https://lnkd.in/eagjt_xc 💰 Largest / Notable Deals This Week: • Brazil-based billing / AR automation company ASAAS raises ~$150 million in Series C financing led by BOND • Live event payments and software provider atVenu secures $130 million equity investment from Sixth Street Growth • Co-branded credit card issuer Imprint raises $75 million in Series C financing led by Khosla Ventures bringing the Company’s valuation to $600 million • WealthTech platform Farther raises $72 million in Series C financing led by CapitalG and Viewpoint bringing the Company’s valuation to $542 million • Southeast Asian consumer lending platform Salmon Group Ltd raises $30 million in Series A2 financing from IFC - International Finance Corporation, Lunate and others • Pockit acquires fellow UK-based challenger bank Monese after strategic investor HSBC recently wrote off its remaining stake in the Company. Monese had previously raised more than $200 million in financing. Numeric, Logik.io, Pinpoint Predictive, Noetica AI, estie, inc., Younited, Solifi, TA Associates, Duck Creek Technologies, Marex, Hamilton Court Foreign Exchange, Waave, Banked :, Parsly, Buyers Edge Platform