Company has more than 40 million registered users and it works with 50,000 merchants. : Twid, a reward point-based payment solutions start-up, said on Wednesday it has raised $12 million in a funding round led by Rakuten Capital. The Series A round saw participation from Google, ICMG Partners, JAFCO Asia, January Capital, Reddy Futures Fund and existing investors BEENEXT and Sequoia India's Surge. Twid said it will use the funds for expanding its merchant network, product rollout, technology and hiring.
PitchBook shared a sneak peek of its forthcoming Q2 fintech report, and it shows that private-company investment hasn't been immune to the forces savaging public-company valuations.
As venture capital grew around the world, tracking the fintech market was a fine way to understand the general health of the VC world; when venture was getting bigger, so too was fintech fundraising.
Stori, a consumer fintech company founded in Mexico in 2018, has hit a $1.2 billion valuation after raising $150 million in its latest Series C-2 financing round.With the raise, Stori joins the likes of car-dealer marketplace Kavak, cryptocurrency trading platform Bitso, payment terminal Clip, digital banker Konfio, e-commerce platform Merama, and spend management platform Clara, in Mexico's unicorn club.Stori announced its unicorn status on Friday in a press statement seen by Finance Magnates.The startup's new $150 million raise comes less than a year after it raised $200 million from a Series C funding round.
Number of deals dropped by 17% sequentially, more than half were larger than $100 million each. : Sixteen large-ticket deals helped generate a total funding of $6 billion in the last quarter, as the number of deals dropped by 17 per cent quarter on quarter, according to the Quarterly Investment Factbook Tech Startups by Nasscon and PGA Labs. FinTech has emerged as the top funded vertical, followed by Media & Entertainment. The two sectors attracted 45 per cent of total funding by value, led by large ticket deals such as CRED and Dailyhunt.
When Fintech Converges With Proptech: A $52m Valuation Emerges For Stake Upon Its Close Of A $12M Series A
"It's the money, Stupid." How one simple sentence from one frustrated renter sparked the idea for Stake's rental program, which just raised $12 million resulting in a $52 million valuation.
Bucking Grim Fintech Trend, German Digital Insurance Provider Wefox Raises $400M For Expansion To U.s. And Asia
While most of the fintech market is suffering, WeFox's valuation rose to $4.5 billion, up 50% from last year. : Berlin-based digital insurance provider WeFox secured a $4.5 billion valuation after closing a $400 million funding round Tuesday. Though lower than the $5 billion to $6 billion valuation the insurtech had reportedly been seeking, it's still up 50% from WeFox's previous valuation and stands in sharp contrast to falling values in much of fintech. Publicly traded fintech stocks are down 45% year-to-date, with competing insurtech Lemonade down 52%.