2023 was not the yr of massive fundraises throughout the board, however it was for a fortunate few.
A couple of acquainted faces are again once more this yr — one fintech even made the checklist for the third yr working — however there have been some new children on the block exhibiting up with massive Sequence A rounds as effectively, placing the business in a superb place as we head into 2024.
So listed below are among the greatest fintech funding rounds from Europe during the last yr, with a bonus VC agency function once you get to the tip:
Curve
Extending its Sequence C funding spherical, London-based Curve secured an extra £58m in funding this previous September.
The spherical introduced its Sequence C spherical to greater than £133m, and its complete raised to £208m in fairness funding.
The fintech, which mixes all of your playing cards and accounts into one app, plans to make use of the funds to enhance buyer expertise, having rolled out a brand new app earlier this yr.
It additionally intends to develop its Flex providing, which permits clients to separate funds made prior to now yr into instalments from three to 11 months.
The spherical noticed participation from Britannia, IDC Ventures, Cercano Administration (the enterprise arm of Microsoft co-founder Paul G. Allen’s property), Cohen Circle, Outward VC and different current shareholders.
Learn extra: Curve provides £58m to its Sequence C
Yonder
Rewards bank card Yonder secured £62.5m Sequence A in April this yr in a mixture of debt and fairness.
The funding spherical constructed on a £5m seed spherical it raised in 2021, simply six months after the rewards bank card launched and almost tripled the corporate’s valuation to £70m.
The spherical — £12.5m of fairness and £50m of debt — was co-led by Northzone and RTP World alongside a number of angel buyers, together with Rio Ferdinand and Matt Robinson, co-founder of GoCardless and Nested.
Yonder completed off the yr on a excessive word, profitable Greatest UX Of The Yr on the AltFi Awards in November.
Learn extra: Yonder secures £62.5m in fairness and debt Sequence A spherical
Atom Financial institution
The Durham-based digital financial institution famed for its four-day week raised £100m in fairness funding from current buyers final month.
Regardless of being one of many greatest raises of the yr, Atom Financial institution’s increase reportedly got here in at a decrease valuation of £362m — down from £435m at first of final yr — and will point out an preliminary public providing is additional away than initially thought.
Having initially stated final November {that a} “liquidy occasion” would happen in 2024 or 2025, this was hedged as a part of a “long-term technique” that might occur “ sooner or later”.
The funding got here from the financial institution’s long-term backers BBVA, Toscafund and Infinity Funding Companions.
Learn extra: Atom Financial institution raises £100m in fairness funding from current buyers
Uncapped
Bringing quick funding to scaling companies, Uncapped secured £200m in debt financing to assist fund extra founders this yr.
Presently working within the UK, US, Germany, Spain and Poland, the fintech plans to develop its funding alternatives for digital entrepreneurs with the funding.
Former VC Piotr Pisarz based the corporate out of frustration with current funding choices accessible to entrepreneurs and has thus far supplied greater than 1000 founders with loans starting from £10,000 to £10m.
“Our purpose is to gas the success of those thrilling and revolutionary companies by offering them with tailor-made funding choices that align with their distinctive wants,” Pisarz stated.
Learn extra: Uncapped secures £200m debt financing to fund extra founders
SumUp
Sneaking in simply earlier than the yr’s finish, funds startup SumUp secured €285m in a funding spherical that pushed its valuation over €8bn.
For the third yr in a row, the London-based fintech has scored a spot on the largest fintech funding rounds in Europe, final yr securing €590m and in 2021 elevating €750m.
Based mostly in London, the German fintech is greatest identified for its card readers and fee terminals, and now serves greater than 4 million companies worldwide with monetary companies and funds merchandise.
This yr its funding spherical was led by Sixth Road Progress, with participation from Bain Capital Know-how, Fin Capital and debt financing agency Liquidity Group.
Learn extra: SumUp raises €285m in funding to gas development
*Bonus VC agency*: Daybreak Capital
The VC agency that’s backed Billie, Sonovate and Soldo raised $700m this yr to create two new funds.
Early-stage B2B investor Daybreak Capital is dividing the funds between Daybreak V, its fifth B2B software program fund with $620m for Sequence A and Sequence B startups, and Daybreak Alternatives III, a brand new later-stage fund of $80m Sequence-C stage and later firms.
Daybreak has beforehand backed the likes of Zettle (acquired by PayPal for $2.2bn) and Tink (acquired by Visa for $2bn) and is searching for new investments within the fintech area.
Learn extra: Daybreak Capital closes $700m increase for brand new flagship B2B software program fund
