BlackFin Tech Weekly — October 18th
Dear fintech folks,
This week saw a streak of deals coming from Investment Banking, especially with the biggest deal of the week: Trading View covering more than 40% of the total raised.
Last week, €591m was raised across 12 deals. Congratulations to Trading View, an Investment Banking startup, that raised a $298m Venture round. The second one is Swile, an Employee benefits startup, that raised a $200m Series D. Finally, the other startup of this podium is Elliptic, a Regtech that raised a $60m Series C for crypto compliance.
Geography-wise, we’ve identified 5 deals coming from the UK and 4 deals coming from Germany. Finally, the last deals are coming from France (2) and Sweden (1).
Subsector-wise, there were 4 deals in Investment Banking and 3 deals in Banktech. In the meantime, they were 2 deals in Payments and 1 deal each in Regtech, Wealth Management, and Insurtech.
Let’s dive in:
Trading View raised $298m:
- The social network and charting platform for traders and investors has reached a $3 billion valuation through a $298 million funding round led by Tiger Global.
- Founded in 2011, Trading View now has more than 30 million monthly users and paying customers in over 180 countries.
- With the retail investment boom, Trading View has seen a 400% increase in accounts created in the past 18 months.
Swile raised $200m:
- The French startup has raised $200 million in a Series D round led by SoftBank. With this round, the startup has now reached unicorn status. Some of the startup’s existing investors are again participating in the deal, such as Eurazeo, Index Ventures, and Bpifrance. Headline is also investing for the first time.
- Swile provides a payment card for employee benefits such as meal vouchers, gift cards, and sustainable mobility vouchers.
- Swile has captured a 13% market share of meal vouchers in France and has customers including Carrefour, Doctolib, Spotify, and Airbnb in France.
Elliptic raised $60m:
- Evolution and Softbank join existing investors, in this Series C, including the investment arms of two banks, Wells Fargo and Santander, Octopus, and AlbionVC.
- Elliptic provides a based crypto-asset risk management platform enabling very different players as traditional institutions or crypto businesses to participate in and manage crypto-asset risks.
- The Use of proceeds of Elliptic will be to double down on R&D, hiring more people going to 200 FTEs, and expanding globally.
Congrats also to Juni, Mondu, Plum, Humn.ai, 9fin, SheeldMarket, Wechselgott, Grünfin, Cure Finance.
See you next week!
