BlackFin Tech Weekly — February 22nd

As you may have noticed, lately, crypto has been the talk of the town. And this week confirms this turning point. Congrats Blockchain.com !

Congrats to Blockchain.com team!

We recorded 7 fundraisings for European fintechs last week, for a total raised of 129.3m€. Blockchain.com, the special winner of the week, raised $120m from GV, Moore Strategic Ventures, Kyle Bass, Access Industries, Rovida Advisors, Lightspeed, Lakestar and Eldridge. Created in 2011 in London, this round turns Blockchain.com’s valuation to $3bn. This funding round is set to back an increasingly institutional-centric company, which already announces holding 65m wallets in more than 200 countries.

Geography- wise, 3 of the 7 deals happened in France. Quite unusual. Sweden accounts for 2 deals, the UK and Ireland count for 1 deal each.

Subsector-wise, 2 deals were in the Wealth Management, 2 in Payments and 2 in Banktech. There was also 1 deal in Insurtech.

Let’s dig in deeper :

Made with ❤ by BlackFin Tech

AccountsIQ raises €5.8m:

• Launched in 2008 in Dublin, AccountsIQ’s cloud-based platform aims at simplifying how multi-entity businesses capture, process and report their financial results. AccountsIQ’s accounting platform is used by 4,000 companies in 85 countries and clients include PwC, The Irish Times and Asavie Technologies.
• This funding round, lead by Finch Capital, brings to nearly €8 million the total raised-to-date by AccountsIQ.
• The tour will be used to accelerate growth and recruitment in the areas of sales and marketing, customer success and engineering. The company plans to increase its workforce from the current 40 employees to 130 in the coming years.

Smile&Pay raises €5m:

• Created in Paris in 2015, Smile&Pay is the French electronic payment terminals company, designed to be flexibles, non-biding, and accessible to all.
• The company raises this round from EvolemStart and Truffle Capital.
• In its 4 years of existence, Smile&Pay has exceeded the €200 million mark in flows processed, including 100 million in 2019.

Congrats also to Billhop, Iroko, insurely and Particeep.

See you next week !

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