BlackFin Tech Weekly — March 1st
In the wake of this wonderful week-end, when the sun shone on European landscape, let’s review what happened in the fintech world last week.
European Fintech deals reached almost €142m last week through 9 deals. On the podium this week, Ageras, the digital marketplace for accounting, bookkeeping and tax services takes first place with its $73m fundraising. Second place goes to Monument, the British neobank that raised a £28m Series A . Third on the podium is Bottlepay, the micropayment service with its £11m Seed funding round.
Geography-wise, 3 deals were in the UK. Denmark accounts for 2 deals. There was also 1 deal in Germany, 1 in Luxembourg and 1 deal in Belgium.
Banktech sector represents the majority of the deals with 6 fundraisings. There was also 1 fundraising in Payments, 1 in Insurtech, and 1 in Wealth management.
Let’s have a closer look:
Ageras raises $73m:
- The Copenhagen-based company, created in 2012, is a platform connecting companies with accountants and tax experts.
- Ageras has closed a $73m financing round with a single investor, Lugard Road Capital at a valuation of $244m.
- This new funding round follows the company’s strong growth. Ageras has now overpassed 340,000 users in Denmark, the United States, Sweden, Norway, the Netherlands and Germany. The company plans to use the funds to expand in what it generally describes as “growth markets” — new countries, new customer segments and the addition of new services to its software portfolio — both through organic growth and acquisitions.
Monument raises £28m:
- The British neobank for high net worth individuals, due to be launched on the market in the summer of 2021, completed its Series A. This £28m round was funded by Business Angels.
- The company, which has raised around £40 million since its inception, intends to use the capital to complete the construction of its technological and operational capabilities and be ready for launch.
- Monument plans to capture a £200 billion market share of the UK savings market.
Bottlepay raises £11m:
- Founded in 2019 in the UK, Bottlpay is a payment application based on Bitcoin. Bottplay aims at facilitating real-time payments in Bitcoin and traditional currencies by integration with popular social media platforms. Bottlepay allows micropayments to be made with a single tweet, message or publication on platforms such as Twitter, Reddit and Discord.
- This round of £11m was funded by FinTech Collective, NYDIG and business angels. Bottplay has now a post-money valuation of £51m.
- The funding will be used to expand the team and develop the functionality and geographical reach of the platform.
Congrats also to Zelros AI, Penta, Treecard, Subaio, Easyvest and ZELF France.
Have a great week everyone, stay safe & keep powering on!
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