Weekly Fintech New Roundup — Fintech Decoded

Highlights

1. One of the biggest fintech companies in the world, Ant Group intends to raise $35bn through an IPO priced at $250bn, making it the biggest IPO in history.
2. Robinhood raised another $460m at $11.7bn valuation.
3. Another Fintech raised funds to acquire smaller fintechs this week — MineralTree an AP automation software company raised €50m to buy Inspyrus, a FinTech that specialises in AP and Regal Software which provides B2B disbursement software.
4. Another Open Banking M&A announced this week as Italy’s illimity buys 50% stake in Banca Sella’s open banking unit for €40m.

Weekly news

Italy’s illimity buys 50% stake in Banca Sella’s open banking unit

· The deal is worth around EUR 140 million.

· illimity will join Sella’s Fabrick fintech unit as owner of Hype.

· Electronic scooter sharing firm, MiMoto, and fitness tracker Fitbit have signed up as partners.

Source: https://www.finextra.com/newsarticle/36605/italy-illimity-buys-50-stake-in-banca-sellas-open-banking-unit

EasySend raises $16 million for its no-code approach to automating B2C interfaces.

· EasySend’s platform allows businesses to build interfaces that gather information and process it with AI.