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Financial

Lemonade demonstrates $319m flotation
SoftBank, XL Catlin, Allianz and Alphabet-backed casualty and property isnurance provider Lemonade priced the initial public offering above its range.
SGX sets aside $128m to buy BidFX
Trading bourse owner SGX will take over the remaining 80% of the FX trading platform operator, its Asian Gateway Investments vehicle having invested $25m last year.
SolarisBank heats up with series C financing
Samsung Catalyst Fund, BBVA, SBI Group and ABN Amro Ventures chipped in as the banking platform developer raised $67.3m at a $360m valuation.
Empower to purchase Personal Capital for $825m
BBVA, USAA and Power Financial are set to exit wealth management technology provider Personal Capital in an $825m transaction.
Oscar hosts Alphabet in $225m round
The health insurance provider pushed its overall funding past $1.5bn in a late-stage round that included long-term investor Alphabet.
Analysis: Mastercard buys Finicity for $825m
Mastercard will buy financial data technology provider Finicity in a deal that could reach $985m, giving Experian an exit. This is yet another large exits in this space this year after the acquisitions of Plaid and Credit Karma earlier.
Corporate venturing deal net: 22-26 June 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Boost boasts $70m from Great Eastern
Insurer Great Eastern invested in Axiata Digital’s e-wallet platform at a $320m valuation, with the proceeds to go to expanding the latter's presence in Asia.

Other News

Mastercard to integrate Finicity for $825m
Experian is exiting the financial data technology provider Finicity in a deal that could reach $985m taking earn-outs into account.
nCino enters IPO stage
The Salesforce-backed banking platform developer has filed for a $100m initial public offering having raised $80m late last year.
Axa takes wing for Fly Ventures' second fund
Axa Venture Partners was among the limited partners that have helped the deep tech-focused venture firm raise $59.4m for its second fund.
Synqa sinks $80m in series C round
The digital fintech provider pulled in $80m through a series C round co-led by SCB 10X and backed by Aioi Nissay Dowa, Toyota Financial Services and Sumitomo Mitsui Banking Corporation.
Upgrade raids Santander in $40m round
The online consumer credit provider completed a series D round led by Santander InnoVentures that was closed at a $1bn valuation.
Corporate venturing deal net: 15-19 June 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Editor's Picks

Lemonade demonstrates $319m flotation
SoftBank, XL Catlin, Allianz and Alphabet-backed casualty and property isnurance provider Lemonade priced the initial public offering above its range.
Stash produces $112m series F payoff
The investment and financial advice app developer raised the money at an $800m valuation, in a round led by $80m from LendingTree.
Stripe upsizes series G to $850m
GV helped provide a further $600m for the online payment processor as it seeks to keep up with increased demand amid the coronavirus lockdown.
CVC in the Time of Coronavirus: Jason Miles, VFS Innovation…
Although newly formed, Volvo Financial Services' strategic investment arm is optimstic about the potential of mature technologies meeting more inviting valuations.
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