BlackFin Tech Weekly — October 14th, 2019

Gabrielle Thomas
Oct 11 · 3 min read

Perhaps this week has been the backlash of the rainy days coming back. As a matter of fact, even if the atmosphere has not been as hot as usual, at least 90 million € have been raised (and there we do not take into account the Series A raised by Moorgate Benchmarks — as there was no amount disclosed).

As far as payment was concerned (more than 50% of the deals), the French Tech has been particularly well represented, with 4 startups developing inspiring tech dealing with crypto, loyalty, remittance and shared payment solutions. “Champions du monde!” Obviously, UK is not that far behind with 2 deals, ex aequo with Italy, which leads to an unprecedented podium within the Fintech race: France, UK/Italy. Where are the Germans? Spain? the Nordics (Ok, 1m€ for Enterpay, fair enough)? Switzerland? anyone?

So now, let’s have a look at our new fresh weekly list:

Made with ❤ by BlackFin Tech

This week, we’d like to put the spotlight on 3 deals:

  • Tide: the British neobank totally dedicated to SMEs, freelancers and sole traders closed an impressive Series B round, convincing Augmentum Fintech and the Japanese group SBI. The startup, which signed up 100.000 users, competes with awesome other competitors dedicated to SMEs; such as the French Qonto and its 50.000 users, the German Penta or the Finnish Holvi.
  • Acinq: the French startup, created in 2014, is working on bitcoin scalability, thus creating products to help accelerate transactions on this cryptocurrency. They built a lightning network, which is an open payment network that brings VISA-scale scalability to Bitcoin, offering unlimited instant payments with very low fees, keeping the same valuable characteristics of this crypto. With a €7m Series A round, Idinvest and Bpifrance now closed their 1st deal in crypto.
  • And to be fair, to the 20 million Series B of Casavo, an Italian proptech which launched an ‘instant buyer’ online marketplace, we can also add a 30 million amount raised in debt capital.

Congrats also Monisnap & ShareGroop, backed by the Paris-based fund Truffle Capital & to Moorgate Benchmarks, Enterpay, Matipay and Transaction Connect!

And what else happened at BlackFin Tech this week?

//You must have seen us at inspirational events such as Bpifrance Inno Generation where our Partner Paul Mizrahi was a speaker and InsurTech Rising at Station F, where you may have seen Maxime on stage.

//This Friday, we also received Céline Lazorthes and Valentine de Lasteyrie who came to talk to us about the SISTA initiative: did you know that women startup executives now raise only about 2% of total global VC funds? In order to bridge these inequalities, the SISTA collective drafted Charter 25 in partnership with many stakeholders of the tech industry (VCs, founders) & with the Conseil National du Numérique, in order to reach 25% of women entrepreneurs financed by venture capital by 2025.

If you wish to stay updated on the latest fintech fundraisings in Europe, click here! — & for more info about our funds click here!

BlackFin Tech

Thoughts and ideas on all things fintech & insurtech. Managed by BlackFin Tech, a € 180m independent European Fintech VC and its team

Gabrielle Thomas

Written by

Exploring the future of financial services ⧁ VC @Blackfin_tech

BlackFin Tech

Thoughts and ideas on all things fintech & insurtech. Managed by BlackFin Tech, a € 180m independent European Fintech VC and its team

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade