Dutch fintech Recharge scores €10 million in debt funding
European branded payments company Recharge today announced that it has raised €10m in a debt funding round.
Airwallex’s latest US$100 million capital raising puts valuation at US$2.6 billion
Airwallex announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension.
Crypto wallet and exchange company Blockchain.com raises $300 million at $5.2 billion valuation
Blockchain.com, the company behind a popular cryptocurrency wallet, an exchange, a block explorer and more has raised a $300 million Series C round.
Australian fintech Earnd acquired by the UK’s Wagestream
UK-headquartered Wagestream has acquired Australian fintech startup Earnd.
Xero makes Swedish acquisition
New Zealand’s Xero has acquired a Swedish e-invoicing technology provider Tickstar for around SEK$150 million.
Swedish fintech Zaver raises $5M to bring cardless payments and BNPL to ‘durables’ sector
Swedish fintech Zaver, which enables merchants to accept cardless payments and offer buy-now-pay-later as an option, has raised $5 million in new funding.
Vancouver fintech Beanworks to be acquired for $105m
Another high-growth Vancouver tech company is set to be acquired — this time in a deal worth about $105 million. French enterprise services firm Quadient SA ADR revealed Monday it’s buying a 96% stake in B.C.’s Beanworks Solutions Inc. for what it describes as “slightly above” €70 million. The new parent company said “two key leaders” will retain a minority stake in Beanworks following the all-cash deal, although Quadient has an option of completely acquiring the Vancouver company in the coming years. Beanworks specializes in accounts payable software and was B.C.’s eighth-fastest growing company in 2020 with five-year revenue growth of 725%. Founded in 2012, it has a headcount of about […]
UK trading platform eToro to go public in $10bn SPAC deal
Trading giant eToro has confirmed reports that it is due to list via a $10bn SPAC deal. The Israeli fintech announced it would go public at a valuation of $10.4bn after merging with FinTech Acquisition Corp. V (FinTech V), a publically-traded SPAC run by American businesswoman Betsy Cohen. A SPAC (special-purpose acquisition company) is a way for companies to go public without going through all the hassle and expense of an IPO (initial public offering). Cohen founded Bancorp, a bank holding company based in Minneapolis, in 1999 and subsequently FinTech V, which raised $250m when it listed on the NASDAQ in December 2020. As part of the deal, eToro will […]
