BlackFin Tech Weekly — September 6th

Dear fintech folks,

In last week’s edition, we’ve talked about how August, which is usually a quiet month announcement-wise, ended up getting very busy. It seems that September is actually beginning at a much slower pace! Finally a delayed break?

At BlackFin Tech, we’re all very happy to welcome Mooncard to our portfolio, as we’ve co-led its €20m Series B!

Last week, €63.9m were raised across 9 deals. Congratulations to Mooncard, a Corporate expense Fintech that closed a €20m Series B round! Second, we have Surepay which raised a €12,2m round! Finally, the last startup making it to the podium is Capitalise, a Banktech which raised an €11,8m Series B!

Geography-wise, the UK is definitely leading the way with 5 deals out of 9. Austria, France, the Netherlands, and Portugal all accounted for 1 deal each.

Subsector-wise, there were 4 deals in Payments and 2 deals in Banktech. In the meantime, they were 1 deal each in Investment Banking, Wealth Management, and Insurtech.

Let’s dive in:

Made with ❤ by BlackFin Tech

Mooncard raised €20m:

• This Series B was co-led by BlackFin Capital Partners and Partech. Aglaé Ventures and Raise also joined the round,
• Mooncard plans to open its services to several European countries, alongside enriching its services, and 100 new job offers expected to be fulfilled by 2022,
• Mooncard now works with nearly 650 000 customers and their 2.5m employees.

Surepay raised €12,2m:

• SurePay, creator and leading provider of the Confirmation of Payee (CoP) service in the UK and Benelux, has raised a €12.2 million round led by Connected Capital with Iris Capital, joining Rabo Frontier Ventures to support the company’s international expansion.
• The funding will enable Surepay to hire new business development teams in Germany and the UK and to scale the platform.
• Since its launch in 2016, SurePay has performed four billion payment checks. More than 30 banks and over 150 companies now use its services, including NatWest, ING, ABN AMRO, Rabobank.

Capitalise raised €11,8m:

• The company has raised £10m from Experian, QED Investors, Gauss Ventures, Hambro Perks, and Post Finance.
• Capitalise is a digital platform that enables accountants and their SME clients to access capital from mainstream and alternative finance providers. The investment will develop Capitalise’s platform for accountants and SMEs with a suite of integrated credit protection and risk management services.
• Capitalise has over 2,000 accountancy firms on its platform, advising clients on over £1 billion of approved capital.

Congrats also to Balance Re, Trustshare, Bankifi, Swood, Sikoia and Coinpanion.

See you next week!