Connecting the dots in FinTech... by Marcel van Oost

ANNA Money has severed its ties with two Russian billionaires; & more!

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NEWS HIGHLIGHT

ANNA Money has severed its ties with two Russian billionaires, who had indirectly become major shareholders in the fintech. Both billionaires (Mikhail Fridman and Petr Aven) are reportedly close to Russian leader Vladimir Putin and have been named among the Russian oligarchs covered by US and EU sanctions. Link here

FINTECH NEWS

#donedeal

  • Jack Henry & Associates is to acquire Payrailz, adding the company's next-generation digital payment capabilities, including real-time P2P payments, to Jack Henry's payments ecosystem. Link here
  • Founderpath recently secured $145 million in debt and equity financing to help B2B SaaS founders grow their businesses without diluting ownership. Link here.
  • The BNPL fintech Kontempo has raised over $30M in a seed round led by Portage. The funding comprised $6.5M in equity and $25M in debt. Other participants in this round were Scor P&C Ventures, Upper90, Asymmetric Capital Partners, Tectonic Ventures, and Ignia. Link here
  • Jodo raised $15 million in a Series A round led by Tiger Global and joined by existing investors Elevation Capital and Matrix Partners India. Link here
  • Unstoppable Finance secured a €12.5 million round led by Lightspeed Venture Partners to launch a non-custodial crypto wallet. Link here
    • ...more
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    Connecting the dots in FinTech... by Marcel van OostBy Marcel van Oost