2021: Top 5 fundraising – FinTech Futures


Close 2021, FinTech Futures looks back on some of the most significant fundraising rounds of the year.

2021 has seen many substantial investments, with money flowing into fintechs around the world as investors seek to support early stage start-ups as well as unicorns that are already well advanced.

Here are five of the top funding rounds in 2021.


N26 Raises $ 900 Million In New Funding To Reach $ 9 Billion Valuation

In October, N26 raised $ 900 million in a new round of funding that saw fintech claim a higher valuation than Germany’s second-largest bank.

The funding round was led by Third Point and Coatue and also featured Dragoneer Investment Group. This brings the total of N26 raised since 2013 to $ 1.7 billion.

The eight-year-old German startup is now valued at $ 9 billion, eclipsing Commerzbank’s $ 8.8 billion market cap.

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Filipino FinTech Mynt Secures $ 300 Million Fundraiser for $ 2 Billion Valuation

GCash has 48 million active users

In November, financial services provider Mynt landed a $ 300 million investment round valuing the company at over $ 2 billion.

The round was led by global investment giant Warburg Pincus and New York-based private equity and venture capital firm Insight Partners, with participation from Itai Tsiddon, Amplo Ventures, Globe, Ayala and Bow Wave.

FinTech says its most notable subsidiary, GCash, is the most popular e-wallet in the Philippines.

The app’s number more than doubled during the COVID-19 pandemic, with 48 million active users – nearly half of the country’s population – and 3 million merchants and sellers using the app.

Mynt says he’s on track to have processed PHP 3 trillion ($ 59.3 billion) on the app this year, triple the amount in 2020, as the pandemic has accelerated the need and the use of digital money.

In January, GCash raised $ 175 million, bringing its valuation at the time to nearly $ 1 billion in total.

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Bitpanda valued at $ 4.1 billion after $ 263 million increase in Series C

In August, digital investment platform Bitpanda raised $ 263 million in a Series C funding round led by Peter Thiel’s Valar Ventures.

The round also included participation from hedge fund manager Alan Howard and REDO Ventures as well as existing investors LeadBlock Partners and Jump Capital.

Vienna-based company says financing takes its valuation to $ 4.1 billion, more than triple its previous valuation of $ 1.2 billion achieved in March of this year following a series cycle B of $ 170 million.

It has now raised approximately $ 546 million in total funding since its inception in 2014.

Bitpanda’s platform allows users to invest in fractional stocks, cryptocurrencies, and precious metals.

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Revolut Hits $ 33 Billion Valuation With $ 800 Million Series E Investment

revolution

Revolut was valued at $ 5.5 billion last year

In July, UK fintech Revolut raised $ 800 million in a Series E funding round led by SoftBank’s Vision Fund 2 and Tiger Global.

Rumors of an investment led by SoftBank had been circulating since the beginning of the month, with Sky News signaling that the role of Japanese venture capital in Klarna’s $ 639 million funding round from June may have influenced Revolut’s desire to seek a higher valuation. The company says the new funding brings its total valuation to $ 33 billion, making it one of the most valuable European fintechs of all time.

The investment follows a $ 500 million Series D round last year led by TCV and TSG Consumer Partners. The company was valued at around $ 5.5 billion at the time of the roundtable.

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Databricks Hits $ 38 Billion Valuation With $ 1.6 Billion Series H Cycle

In September, data analytics and AI firm Databricks secured one-off funding of $ 1.6 billion, which it plans to use to boost adoption of its ‘lacehouse’ data management architecture .

The Series H funding round, led by Morgan Stanley’s Counterpoint Global, gave Databricks a post-currency valuation of $ 38 billion. Other new investors included Baillie Gifford, ClearBridge Investments and UC Investments.

Existing investors participating in the round included Andreessen Horowitz, funds and accounts managed by BlackRock, the Canada Pension Plan Investment Board, Fidelity Management & Research, Tiger Global Management and Whale Rock Capital Management.

This latest injection brings Databricks’ total funding to nearly $ 3.6 billion and will be used to invest in the development of AI, enter new markets, develop its ecosystem of partners and develop its portfolio of industrial solutions.

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