8º Fintech - 10th Jun
Startups raising funds
- Red Flag Alert, a British credit risk data and risk intelligence startup, raised £4.5m from Foresight and Uncapped. Link
- Thunes, a Singaporean cross-border payments startup, raised $60m. Marshall Wace led, and was joined by Bessemer Venture Partners and 01Fintech. Link
- Mosaic, a corporate financial decision-making platform, raised $26m in Series C funding. OMERS Ventures led, and was joined by Founders Fund, General Catalyst, and Friends and Family Capital. Link
- Keeta, a Santa Monica, Calif.-based cross-border payments startup, raised $17m led by Eric Schmidt. Link
- Payrails, a German OS for payment flows, raised $14.4m, EQT Ventures led, and was joined by General Catalyst, Andreessen Horowitz and HV Capital. Link
- Lfe5 (fka Getlife), a Spanish life insurance startup, raised €10m in Series A funding from Mundi Ventures, Global Brain and insider Singular. Link
- Bonside, a revenue financing platform for brick-and-mortar businesses, raised $4.35m from the 81 Collection and Philz Coffee co-founder Jacob Jaber. Link
- Griffin, a newly licensed U.K. bank, raised $13.5m in Series A funding. MassMutual Ventures led, and was joined by Seedcamp, Notion Capital and EQT Ventures. Link
- Insify, an Amsterdam-based business insurance startup, raised €10m in Series A extension funding. Munich Re Ventures led, and was joined by insiders Accel, Frontline Ventures and Visionaries Club. Link
M&A and Private equity deals
- Clarion Capital Partners invested in Ready Credit, an Eden Prairie, Minn.-based provider of prepaid payment solutions. Link
- Barclays (LSE: BARC) is exploring options for its global payments business. Link
- Visa (NYSE: V) is in advanced talks to buy Brazilian banking and payments startup Pismo, which could fetch $1b. Pismo has raised over $100m from backers like Accel, Amazon and SoftBank. Link
Read the news of digital businesses by email each day at www.multiversial.es