MD FinTech deals weekly: July 8-14

FinTech is a rapidly evolving industry. You need a concise roundup of recent fintech deals to stay updated with the latest innovations and market changes. Good news! Our team has created just that for you.

NORTH AMERICA FINTECH DEALS

• Netevia, a paytech, has secured up to $120m in debt financing from WhiteHorse Capital.

• Canoe Intelligence, a cloud-based alternative investments platform, has secured $36m through a Series C funding round led by Growth Equity at Goldman Sachs Alternatives.

• Bain Capital and Reverence Capital have agreed to acquire Envestnet, a provider of wealth management technology and data, for $4.5b.

LATAM FINTECH DEALS

• Tapi, a paytech that integrates payment experiences through the largest network in Latin America, raised $22m in Series A round led by Andreessen Horowitz.

EUROPE FINTECH DEALS

• Kompasbank, a corporate bank, secures €175m guarantee from the European Investment Fund (EIF) to provide loans with reduced interest rates and longer maturities to SMEs in Denmark.

• Lemon.markets, brokerage-as-a-service platform, has raised €12m in a funding round led by CommerzVentures.

• Trever, which provides banks and financial institutions with software to trade, manage, transfer, and offer digital assets, raised €2.4m in seed funding from TX Ventures and Market One Capital.

• Bsure, a spend management platform, raised $1m in pre-seed funding from investors, including Pirate Entrepreneurship Fund, Gratus Capital, and East Carolina Angels.

• Switchee, a data platform for social housing providers that aims to lower house heating bills, raised £5m from AXA and Octopus Ventures.

• kolum, a carbon pricing platform, raised €2.1m in pre-seed funding from investors including FoodLabs.
  

REST OF THE WORLD

• Partior, a global unified ledger-based interbank rails for real-time clearing and settlement, has raised $60m in Series B funding led by Peak XV Partners.

• TBC Bank Uzbekistan, a mobile bank, has raised $38.2m in fresh funding from TBC Bank Group ($23m), as well as the European Bank for Reconstruction and Development and World Bank’s International Financial Corporation ($7.6m each).

• Nala, an African remittance fintech, secured a $40 m Series A from Amplo and NYCA Partners, along with additional support from DST Global, HOF Capital, and Norrsken22.