Tiger Global Leads $298M Funding Round in TradingView

London based charting platform and social network for traders and investors TradingView has raised $298 million in a funding round led by Tiger Global Management at an estimated valuation of ~3 billion. The funding will fuel the startup’s plans to grow its brand globally and expand its offering by partnering and integrating its platform with brokerage houses. The fintech has raised over $338 million till date from DRW Venture Capital, Jump Capital, Insight Partners, iTech Capital, Techstars and a few angel investors.

Founded in 2011 by Constantine Ivanov, Denis Globa and Stan Bokov, TradingView is a financial information platform that provides traders and investors with charts, tools and social networking.

MobiKwik Becomes #32 Indian Unicorn This Year

Indian payment-tech MobiKwik enters the Indian unicorn club ahead of its $253 million IPO. MobiKwik employees exercised their ESOPs in a recently opened window by selling shares in a secondary round led by Mathew Cyriac, erstwhile head of Blackstone India. The fintech has raised over $165 million till date, and was valued at ~$700 million in June this year in a $20 million Series G funding round led by Abu Dhabi Investment Authority. Sequoia Capital India, American Express Ventures, GMO Venture Partners and Tree Line Asia are also existing investors in MobiKwik.

Founded in 2009 by Bipin Singh, Chandan Joshi and Upasana Taku, Gurgaon based MobiKwik is India’s leading fintech platform, operating businesses in consumer payments, payment gateway, and financial services.

India has witnessed a record year for new unicorns this year including Digit Insurance, Innovaccer, Five Star Finance, Meesho, Infra.Market, CRED, Pharmeasy, Groww, Gupshup, Mohalla Tech, Chargebee, Urban Company, Moglix, Zeta, BrowserStack, BlackBuck, Droom, Ofbusiness, BharatPe, MindTickle, upGrad, CoinDCX, Eruditus, Zetwerk, Grofers, Mobile Premier League, Apna, Vedantu, Licious, CoinSwitch Kuber and Rebel Foods.

French Fintech Swile Enters Unicorn Club With $200M Series D Funding Led By Softbank

Employee benefits cards startup Swile has raised $200 million in Series D funding round led by Softbank, valuing the fintech at over $1 billion and giving it unicorn status. The funding round also witnessed participation from new investors like Headline as well as existing investors Eurazeo, Index Ventures and Bpifrance. The funding will enable the startup to expand its geographic footprint internationally and provide additional solutions. Swile has raised over $325 million till date.

Founded in 2018 by Loic Soubeyrand, Swile is a digital solutions provider for employee benefits with an all-in-one smartcard and a super app for team life.

Indian Crypto Exchange CoinSwitch Kuber Raises $260M; Achieves Unicorn Status

Bengaluru based cryptocurrency startup CoinSwitch Kuber has raised $260 million in Series C funding round led by Andreessen Horowitz and Coinbase Ventures at a valuation of ~1.9 billion, making it the latest entrant to the expanding list of fintech unicorns in the country. The current round also witnessed participation from existing investors Tiger Global Management, Sequoia Capital India, Ribbit Capital and Paradigm. The four year old startup has raised over $300 million funding till date.

Founded in 2017 by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, CoinSwitch Kuber is a cryptocurrency exchange platform allowing its users to buy and sell cryptocurrencies.

Indonesian Investment Platform Ajiab Lands $153M In Series B And Enters The Fintech Unicorn Club

Jakarta based Ajaib, an online stock and mutual fund investment brokerage platform, has emerged as Indonesia’s seventh unicorn after raising US$153 million in Series B funding round led by DST Global at an estimated valuation of ~1 billion, just six months after a $65 million Series A funding round. The current round also witnessed participation from existing investors Alpha JWC Ventures, Ribbit Capital, Horizons Ventures, Insignia Ventures Partners and SoftBank Ventures Asia. The current funding will enable the fintech to expand its talent base and launch financial education campaigns to onboard more budding investors to its platform.

Founded in 2018 by Anderson Sumarli and Yada Piyajomkwan, Ajaib is an investing platform that enables over 1 million Indonesians to buy and sell stocks, ETFs, and mutual funds.

Regtech Startup Alloy Raises $100M In Series C Funding Led By Lighspeed Venture Partners

New York based regtech startup Alloy raised $100 million in Series C funding round led by Lightspeed Venture Partners at a valuation of ~1.35 billion. The round also witnessed participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures and Felicis Ventures, bringing the total funding raised by the regtech to over $155 million since inception.

Founded in 2015 by Charles Hearn, Laura Spiekerman and Tommy Nicholas, Alloy provides an identity verification platform used to check frauds and make identity management effective and simple for banks and financial institutions.

Singapore Based B2B Fintech Aspire Raises $158M

Singapore based B2B fintech Aspire has raised $158 million in equity and debt funding to expand its integrated finance platform across South East Asia. The round comprised $58 million Series B equity funding which witnessed participation from new investors DST Global, CE Innovation Fund and B Capital as well as existing investors MassMutual Ventures, Picus Capital, AFG Partners and Hummingbird Ventures, while London based hedge fund Fasanara Capital provided $100 million debt funding.

Founded in 2018 by Andrea Baronchelli, Giacomo Ficari, Giovanni Casinelli, Joel Leong and Stefano Pellegrino, Aspire provides an integrated finance platform to businesses that allows them to handle local and international payments, expense management and invoice management in one place.

Categories B2B

Document Automation Fintech Ocrolus Raises $80M In Series C Funding Led By Fin Venture Capital

New York based Ocrolus, a document automation platform for fintechs and banks, has raised $80 million in Series C funding led by Fin Venture Capital, valuing the startup at over $500 million and bringing in total amount of funds raised by the fintech to ~$127 million since inception. The round also witnessed participation from new and existing investors including Thomvest Ventures, Mubadala Ventures, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Stage 2 Capital and Cross River Bank.

Founded in 2014 by John Guerci, Peter Bobley, Sam Bobley and Victoria Meakin, Ocrolus uses a combination of technologies, including Human-in-the-Loop (HITL) component, OCR (optical character recognition), machine learning/AI and big data to analyze documents for the financial services industry.

Categories B2B

Airwallex Raises $200M In Series E Funding Round Led By Lone Pine Capital

Business banking fintech startup Airwallex has raised $200 million in Series E funding round led by Lone Pine Capital, valuaing the six year old startup at ~4 billion. The round also witnessed participation of new investors G Squared and Vetamer Capital, as well as existing investors 1835i Ventures (formerly ANZi Ventures), DST Global, Salesforce Ventures and Sequoia Capital China. The fintech has raised over $700 million cumulatively till date.

Founded in 2015 by Jack Zhang, Jacob Dai, Lucy Yueting Liu and Max Li, Airwallex is a financial services platform committed to building global financial infrastructure to scale the digital economy.

Goldman Sachs To Acquire Fintech GreenSky For $2.24B

Goldman Sachs and Atlanta based fintech company GreenSky (GSKY) have announced a merger in which the bulge bracket investment bank plans to acquire GreenSky in an all-stock transaction valued at approximately $2.24 billion. According to the merger agreement, GreenSky shareholders will receive 0.03 shares of Goldman Sachs shares for each share of GreenSky, which works out to about $12.11 a share, according to a statement issued on Wednesday.

The acquisition will enhance Goldman Sachs’ ability to provide consumers with the opportunity to save, spend, borrow and invest, and meet customers where they transact.

Founded in 2006 by David Zalik, GreenSky is a fintech platform that enables over 10,000 merchants to offer payment and loan services for four million customers.

Categories M&A

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