Press
Wellesley Hill Financial, LLC Served as Exclusive Sell-side Advisor to Dealer Merchant Services (DMS) in its Sale to Priority Technology Holdings
Priority has acquired the assets as joint venture with Dealer Merchant Services (DMS), a Dallas-based company specializing in credit card payment processing for auto dealerships. DMS is one of the fastest growing companies in the country landing at #120 on the Inc 5000 list and #9 in financial services. Their team of 40 has over 450 years in automotive expertise, supporting over 1000 dealerships nationwide, and has exclusive endorsements from 17 state dealer associations, giving it unique access to thousands of auto retailers. With this acquisition, Priority is entering a new vertical market shaped by a clear industry trend: Americans are holding on to their cars
Capital Markets Tech / WealthTech
$50 Million Series B Raised to Build AI-Based Operating System for Private Capital
Maybern, a modernizing private market fund management, has raised $50 million in Series B funding led by Battery Ventures to build an AI-based operating
Chart Of The Week
Q2 Holdings, Inc. (NYSE: QTWO)
Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of cloud-based digital banking platforms. Its solutions serve more than 1,300 banks, credit unions, and
Blockchain
Kraken Raises $800M, Files for US IPO
Kraken, the crypto exchange, has raised $800 million, including a $200 million valuation-setting investment from Citadel Securities at a $20 billion valuation, and immediately
E-commerce
Gopuff, the Instant Commerce Leader, Raises a $250 Million Funding Round Led by Eldridge Industries
Gopuff, the leader in instant commerce, raised a $250 million round led by Eldridge and Valor, supported by major existing and new investors, following
Embedded Finance
US Fintech Pipe Drastically Reduces Workforce, Reportedly by 50%
Pipe, a US-based embedded capital and financial tools provider for small and medium businesses, has laid off roughly 50% of its 150+ employees as
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from BlackRock
IDV / AML / KYB / Biometrics
TMT ID Raises £30M to Expand Mobile Identity and Fraud Defense
TMT ID, a Romania-based mobile data and identity-intelligence provider, has raised £30 million from BGF to accelerate its expansion in mobile-derived identity intelligence and fraud
Investment - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential and
Open Banking
JPMorgan Chase Secures Data-Access Fees From Fintech Firms
JPMorgan Chase has finalized deals with major data aggregators such as Plaid, Yodlee, Morningstar and Akoya, securing payments for granting fintech companies access to its
Payments
Ramp Hits $32Bn Valuation on Latest Raise
Ramp, an expense management startup, has raised $300 million in new primary funding plus an employee tender offer, doubling its valuation to $32 billion
PropTech
With Housing Out of Reach for Many, Keyzy Funds €147 Million Expansion of Rent-To-Own Homes Across London
Keyzy, the UK FinTech helping aspiring homeowners get onto the property ladder, has secured €147 million in asset-backed funding from Crayon Partners to acquire
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
Quantum Lending Solutions Closes $400M Financing Round
Quantum Lending Solutions, an AI-based lending infrastructure platform, has closed a $400 million financing round—including a $250 million warehouse facility, corporate debt, and equity—to
Press
Fintech Investment Bank Wellesley Hills Financial Expands Capabilities with New Executive Advisors
Announces addition of two recognized fintech and payments leaders to the team NEWTON, Mass.–(BUSINESS WIRE)–Wellesley Hills Financial, a global investment bank and strategic advisory
Week's Most Interesting
Capital Markets Tech
$50 Million Series B Raised to Build AI-Based Operating System for Private Capital
Maybern, a modernizing private market fund management, has raised $50 million in Series B funding led by Battery Ventures to build an AI-based operating
Chart Of The Week
Q2 Holdings, Inc. (NYSE: QTWO)
Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of cloud-based digital banking platforms. Its solutions serve more than 1,300 banks, credit unions, and fintech/alternative
Crypto
Kraken Raises $800M, Files for US IPO
Kraken, the crypto exchange, has raised $800 million, including a $200 million valuation-setting investment from Citadel Securities at a $20 billion valuation, and immediately filed
Embedded Finance
US Fintech Pipe Drastically Reduces Workforce, Reportedly by 50%
Pipe, a US-based embedded capital and financial tools provider for small and medium businesses, has laid off roughly 50% of its 150+ employees as part
E-commerce
Gopuff, the Instant Commerce Leader, Raises a $250 Million Funding Round Led by Eldridge Industries
Gopuff, the leader in instant commerce, raised a $250 million round led by Eldridge and Valor, supported by major existing and new investors, following its
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from
Fraud/Risk Management
TMT ID Raises £30M to Expand Mobile Identity and Fraud Defense
TMT ID, a Romania-based mobile data and identity-intelligence provider, has raised £30 million from BGF to accelerate its expansion in mobile-derived identity intelligence and fraud
Investments - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential
Open Banking
JPMorgan Chase Secures Data-Access Fees From Fintech Firms
JPMorgan Chase has finalized deals with major data aggregators such as Plaid, Yodlee, Morningstar and Akoya, securing payments for granting fintech companies access to its
Payments
Ramp Hits $32Bn Valuation on Latest Raise
Ramp, an expense management startup, has raised $300 million in new primary funding plus an employee tender offer, doubling its valuation to $32 billion
With Housing Out of Reach for Many, Keyzy Funds €147 Million Expansion of Rent-To-Own Homes Across London
Keyzy, the UK FinTech helping aspiring homeowners get onto the property ladder, has secured €147 million in asset-backed funding from Crayon Partners to acquire over
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
Quantum Lending Solutions Closes $400M Financing Round
Quantum Lending Solutions, an AI-based lending infrastructure platform, has closed a $400 million financing round—including a $250 million warehouse facility, corporate debt, and equity—to scale