Elmwood Brand Consultancy’s Post

Last week, the LatAm fintech ecosystem experienced significant activity. Celcoin, a financial and banking technology infrastructure provider, secured a $125 mn Series C round led by Summit Partners. Mexican digital payment platform Clip also raised a $100 mn round led by Morgan Stanley. Globally, notable M&A activity included American Express's acquisition of Tock, developer of a restaurant-oriented software, for $400 mn. On the same note, Global Payments Inc. made headlines with its $250 mn acquisition of takepayments Limited, provider of card machines for online payments to small businesses. Other notable deals of the week include: - NVIDIA's acquisition of Shoreline.io for $100 mn - Zepto's $665 mn Series F at a $3.6 bn valuation led by Glade Brook Capital Partners LLC, Nexus Venture Partners and StepStone Group - Waabi's $200 mn Series B led by Khosla Ventures and Uber, with participation from NVIDIA, Porsche AG, Scania Group and Volvo Group - Huntress' $150 mn Series D at a $1.55 bn valuation led by Kleiner Perkins, Meritech Capital and Sapphire Ventures Feel free to contact us in case you want to learn more about the tech landscape in LatAm or discuss any strategic or financial advisory needs. #LatAmTech #TechTransactions #Tech #Technology #InvestmentBanking #MergersAndAcquisitions #CapitalRaising #FundingRounds

FinTech exits have been pretty rare in the last 12 months but in the period 2020-2022, some companies have been able to time the market right and exit at very extraordinary high multiples: ► Nutmeg was acquired for 32x Revenues of the last 12 months; ► PensionBee IPO at £365m, or 28x Revenues last 12 months; ► Finimize and Seedrs have been both acquired at over 10x Revenues multiples; The median deal size for exit in Fintech is £365m, or 10.5x revenues last 12 months. In the analysis is included Onfido (deal still to be completed), that is expected to be acquired at 5.0x revenues. Thanks for bringing this to our attention Davide Sangiovanni! Follow Davide for more insights and updates to come👌 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechstartups #financialtechnology #fintechindustry #venturecapital #vcfunding #fintechnews 

This week we saw more activity in the LatAm fintech ecosystem, with Banco Master’s acquisition of will bank, the digital bank focused on the Northeast region of Brazil, and Simetrik’s US$55 mn Series B led by Goldman Sachs with participation of Mercado Livre Fund and FinTech Collective. Globally, we continued to see strong deal movement in AI industry, highlighting Moonshot AI’s jumbo US$1 bn Series B led by Alibaba Group and HongShuan at a US$2.5 bn valuation. Other notable deals of the week include: - S&P Global’s acquisition of Visible Alpha - Abridge’d US$150 mn Series C led by Lightspeed and Redpoint Ventures at a US$850 mn valuation - Recogni’s US$102 mn Series C led by Celesta Capital and GreatPoint Ventures - Eigen Layer’s US$ 100mn Series B led by a16zcrypto - Clumio’s US$75 mn Series D led by Sutter Hill Ventures - Fabric’s US$60 mn round led by General Catalyst - NapierAI’s US$57 mn investment from Crestline Investors, Inc. #LatAmTech #TechTransactions #Tech #Technology #InvestmentBanking #MergersAndAcquisitions #CapitalRaising #FundingRounds

Mexican fintech unicorn Clip just raised a massive US$100 million from Morgan Stanley Tactical Value (MSTV) and a leading West-Coast mutual fund. This significant investment underscores the growing confidence in Mexico's fintech sector and highlights the continued attractiveness of digital payment solutions for the underbanked. For VCs, this deal is a clear signal that Mexico's fintech ecosystem is ripe for further investment. Clip's success demonstrates the potential for disruptive financial technologies to gain traction in emerging markets. With a strong track record and a focus on financial inclusion, Clip is poised to further solidify its leadership in the Mexican market. This investment will likely fuel accelerated product development and expansion, potentially setting the stage for future funding rounds and even an IPO. What does this mean for other players in the space? Expect to see increased competition and innovation as fintech companies vie for market share. For investors, this is a prime opportunity to identify promising startups and capitalize on the growing demand for digital financial services in Mexico. #fintech #investment #Mexico #digitalpayments #VC #emergingmarkets #Clip #MSTV #MorganStanley

Exciting News in the FinTech World: tapi Secures $22 Million Series A Funding! tapi, a pioneering PayTech founded by visionary Argentine entrepreneurs, is transforming financial solutions across Latin America. Tackling the region’s outdated payment networks and diverse country-specific barriers, tapi offers a single API integration that streamlines a wide range of services. Their robust platform includes bill payments, airtime/mobile top-ups, gift cards, and cash transactions, eliminating the complexities of navigating different local payment systems. With a unified connection across the continent, any business, whether FinTech or not, can effortlessly incorporate financial services, enhancing agility and simplicity. The latest funding round, led by KASZEK and followed by Andreessen Horowitz, adds to a $9 million Seed round led by Andreessen Horowitz in 2022, bringing tapi’s total raised to over $31 million. I’m optimistic about tapi’s potential—definitely a future unicorn in the LATAM FinTech space! 🔥

Here are 5 key takeaways from our fintech partnership and joint venture deal trends event last week...   1. Partnership and Joint Venture activity remains high at ~350 deals per year, 3.5x higher than 5 years ago 2. Fintechs continue to drive this trend as 72% of these deals include a fintech partner 3. Partnership is a great option in the current environment as fintech capital activity has declined by 75% over the past 2 years 4. Mastercard, Visa, and Western Union are the 3 most active partnership players making up >20% of the deals in 2023 5. Non-equity partnerships are the most popular type of deal at 84%, compared to 10% equity investment / corporate ventures and 6% joint ventures   Feel free to reach out to me or Ben Pollak if you missed the event and want to learn more.

𝗦𝗽𝗮𝗻𝗶𝘀𝗵 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 “𝗘𝗺𝗯𝗮𝘁” 𝗘𝘆𝗲𝘀 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 $𝟭𝟲𝗠 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 Embat, a Madrid-based fintech specializing in treasury management, has closed a $16 million financing round led by early-stage VC Creandum, with participation from Samaipata, 4Founders, Venture Friends, and angels including Martin Blessing, former CEO of Commerzbank. 🔍 Connecting corporates with their banks: Embat provides clients with a unified platform to manage their accounts across multiple banks. With open banking integration, Embat connects to over 15,000 banks globally, offering real-time visibility and automation of treasury functions. 📈 Powered by significant growth: With over 150 corporate clients, including Cabify, Playtomic, Wallapop, and Fever, Embat's revenue quadrupled in the last year. The company handles over three million transactions, totaling more than $20 billion. 🌍 Future expansion into the UK and Germany: Embat's focus is now on expanding its footprint into the UK and German markets. By tackling the complexities of these banking environments, Embat aims to become the go-to solution for finance departments worldwide. Make sure to follow us for more updates #UniversalVentureCapital #StartupNews #Startup

FinTech exits have been pretty rare in the last 12 months but in the period 2020-2022, some companies have been able to time the market right and exit at very extraordinary high multiples: ► Nutmeg was acquired for 32x Revenues of the last 12 months; ► PensionBee IPO at £365m, or 28x Revenues last 12 months; ► Finimize and Seedrs have been both acquired at over 10x Revenues multiples; The median deal size for exit in Fintech is £365m, or 10.5x revenues last 12 months. In the analysis is included Onfido (deal still to be completed), that is expected to be acquired at 5.0x revenues. Thanks for bringing this to our attention Davide Sangiovanni! Follow Davide for more insights and updates to come👌 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]  #fintech #fintechstartups #financialtechnology #fintechindustry #venturecapital #vcfunding #fintechnews 

Last week we saw a strong pickup in transactions involving fintechs, marked by strategic and financial transactions led by global funds and even banks. We also saw continued momentum with AI companies, which we expect to persist in the foreseeable future. Selected deals include: - Logcomex, Brazilian provider of software solutions for planning, monitoring, automation, and insights of global supply chains successfully raised $32.5 million in its Series B round led by Riverwood Capital and followed by Igah, Ventures., Endeavor Catalyst, Alexia Ventures, Spectra Investments and Caravela Capital. - Singulare, a leading investment funds fiduciary platform, was acquired by QI Tech, which earlier this month raised $200 mn in a Series B round led by General Atlantic. - Forward, a healthcare AI developer specializing in self-serve diagnostics, raised $75 million in a Series E. Prominent investors in this round included Abu Dhabi Investment Authority (ADIA), Founders Fund, Samsung Next, Tencent and Khosla Ventures. - Q4, a capital markets SaaS, was acquired by Sumeru Equity Partners for $275 mn. Other fintech and payments deals include Fnality International, Redpin and myPOS. Attached is our detailed overview of last week’s 10 most notable transactions in the space. #LatAmTechnology #TechMergersandAcquisitions #Fintech #CapitalRaising

FinTech exits have been pretty rare in the last 12 months but in the period 2020-2022, some companies have been able to time the market right and exit at very extraordinary high multiples: ► Nutmeg was acquired for 32x Revenues of the last 12 months; ► PensionBee IPO at £365m, or 28x Revenues last 12 months; ► Finimize and Seedrs have been both acquired at over 10x Revenues multiples; The median deal size for exit in Fintech is £365m, or 10.5x revenues last 12 months. In the analysis is included Onfido (deal still to be completed), that is expected to be acquired at 5.0x revenues. Thanks for bringing this to our attention Davide Sangiovanni! Follow Davide for more insights and updates to come👌 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechstartups #financialtechnology #fintechindustry #venturecapital #vcfunding #fintechnews