Hi Fintech enthusiasts! It seems we’re now back to normal with a total of €60m raised by European fintechs and insurtechs this past week. The number is probably much larger than that but we don’t have the equity/debt split for the Sonovate deal so we chose to ignore the £110m (nevertheless a remarkable amount mind you!)
France and the UK took the largest chunk of all that money poured into the ecosystem but Portgual, Denmark, Lithuania & Spain also benefited from investors’ appetites.
In terms of subsegments, well, it’s actually quite diverse for once, which is a nice turn of events!
But without further ado, please find below our good old weekly list:
We’d like to put the spotlight on two interesting French companies this week:
- Spendesk: launched in 2015, the start-up offers an expense management solution, linked with a corporate card, to help entrepreneurs and firms control, pay, track and report their spending. They have won over hundreds of companies, managing more than 11.000 active subscriptions and that seems to have convinced Index Ventures to double down on the company with this €35m in Series B.
- Kaiko: Since 2014, the company has accumulated a wealth of data on digital assets prices, adding new assets and new exchanges as they came. Led by Ambre Soubiran, a capital markets professional the company is building the Bloomberg for crypto, an play that led Anthemis & Point Nine Capital to invest €5m into the company.
And finally, have a great weekend everyone!
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