Top 5 VC Deals of the Week in the Digital Wealth Sector (12/9/20)

Digital Wealth News Continues our Weekly Series Covering the Largest VC Deals of the Week Worldwide in Fintech

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Last week – somewhat unexpectedly – we saw FOUR fintech WHOPPER fintech venture deals close in excess of $100M USD – all over the Thanksgiving week.

This week – not so much. I am not IN the VC industry, so my only guess is that they were not occurring over Thanksgiving week – so not being reported shortly thereafter. Anyhoo, the deal flow does continue – just not at quite as high of a level. It will be interesting to see how the year finishes out.

In the meantime, we saw YET ANOTHER British challenger bank receive funding this past week (gosh, there’s a LOT of challenger banks out there now), plus an interesting new teen-based (you guessed it!) challenger bank out of SF. Also in this week’s batch were an ATL-based payments app for e-commerce companies, an API platform for retail banking out of Chicago, and a credit card bill payment app out of India.

So lots of activity – as per usual – in the fintech space around the planet.

Following are the latest top five fintech VC deals of the week according to the Digital Wealth News research team:

  • Monzo (Banking) | £60 million, Series B | UK-based challenger bank | Novator, Kaiser, TED Global, Goodwater Capital
  • Amount (Banking) | $81 million, Series C | Chicago-based API platform for retail banking | Goldman Sachs, August Capital, Invus Opportunities, Hanaco Ventures
  • CRED (Payments) | $80 million, Series C | Indian-based credit card bill payment app | DST Global, Sequoia Capital, Ribbit Capita
  • ConnexPay (Payments) | $61 million, Series A | ATL-based e-commerce payments technology | F-Prime Capital
  • Step (Wealthtech) | $50 million, Series B | SF-based digital bank for teens | Coatue, Stripe, Crosslink Capital, Collaborative Fund, Dreamers VC