When banks and financial corps show their cards…
Watching deals unfold like a poker game requires patience, thoughtfulness, and a keen eye. By paying attention, one can determine the state of the game and banks’ and financial corporations’ intentions to win by whom they’re funding and their tech. They’re leaning into new solutions, perhaps signaling the end of the game for the old institutional behemoth that has controlled nearly everything…until they no longer hold the winning cards.
Notable trends this week…
- Double-digit deals are back(!)
- Three of the top five deals are offshore, with two out of Singapore this week
- Blockchain and wealthtech were this week’s category winners
Up next are this week’s top 5 VC deals…
2Partior
$80M, Series B, Capital | Equity | Singapore | Blockchain | Deutsche Bank, Peak XV Partners, J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek, Valor Capital Group | https://www.partior.com/
LinkedIn Overview:
“Partior, the global unified ledger market infrastructure for clearing and settlement, is redefining the way money moves globally by optimising how liquidity is accessed…“
3WadzPay
$36.5M, Capital| Equity | Singapore | Blockchain | GEM Global Yield LLC SCS | https://www.wadzpay.com/
LinkedIn Overview:
“WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset landscape…”
4Cardless
$30M, Capital | Equity| San Francisco | Payments | Activant Capital, Mischief, Industry Ventures, Thayer Ventures, Assurant, American Express | https://www.cardless.com/
LinkedIn Description:
“We are the leading platform for consumer brands to launch credit card products. Our technology powers credit card programs across sports, travel, and retail, and on multiple card networks…“
5Range
$28M, Series B, Capital| Equity | VA | Wealthtech | Cathay Innovation, Gradient Ventures | https://www.range.com/
LinkedIn Description:
“Range is the all-in-one wealth management dashboard and expert advisory service that empowers high earners to get the most out of their money with ...“
6Boosted.ai
$15M, Capital | Equity | Canada | Wealthtech | Fidelity Investments Canada, Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada (RBC), HarbourVest Partners | https://boosted.ai/
LinkedIn Description:
“Boosted.ai is how investment managers work smarter. Generative AI built specifically for capital markets provides…”
