White & Case advised Thinksurance, a Frankfurt-based InsurTech offering a digital platform solution dedicated to commercial and industrial insurance, on its €22 million Series B-2 funding round, led by Segenia Capital.
White & Case advised Klarna on its US$800 million Equity round, at a post- money valuation of US$6.7 billion.
White & Case advised Bud Financial, the UK-based open banking platform, on the 2nd tranche of its US$80 million Series B fundraising, led by Bellis Phantom/TDR Capital.
Fintech funding slowdown accelerates in H1 2023. In H1 2023, a total of US$27.3 billion was invested globally, a 14% decline from H2 2022. Finextra (July 2023)
The UK's fintech sector attracted US$12.5 billion worth of capital, down from a bumper year in 2021, which saw US$13.5 billion pumped into the country's fintech firms. Finextra (January 2023)
UK fintech funding slumped by 8% in 2022, but remained ahead of rival hubs in Europe and Asia. Rising interest rates, surging inflation and the war in Ukraine brought an end to a decade-long global VC frenzy. Finextra (January 2023)
UK fintech investment fell to US$9.6 billion in H1 2022, down from US$27.8 billion in H1 2021. Finextra (September 2022)
Lithuania's fintech sector defied the global investment downturn in 2022, recording an 80% increase in revenue. Finextra (March 2023)
Funding for Portuguese fintechs has exceeded the €1 billion mark for the first time. Finextra (October 2022)
Middle East fintech outlook is optimistic amid global headwinds. In 2023-to-date, equity investments in these businesses have surpassed the full-year levels in 2018, 2019 and 2020. S&P Global (June 2023)