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BFD Expert Voices - Private Credit

BFD Expert Voices

• Whatnot, an LA-based live-shopping platform for collectibles, raised $545m in Series G funding at a $20b valuation. Iconiq, Lightspeed and Avra led, joined by Kleiner Perkins, Wellington Management, a16z, Bond, DST Global, Greycroft, YC, Standard Capital, and CapitalG. Go deeper

• Decade, a Brazilian AI wealth advisor, raised $85m in seed funding from Greenoaks, Benchmark and Diffusion. Go deeper

• 10x Banking, a U.K. core banking platform, raised £40m from AshGrove Capital. Go deeper

• Yellow Card, a stablecoin infrastructure provider, raised $40m from Standard Chartered, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. Go deeper

• Sapiom, an SF-based startup that helps agents buy their own tech tools, raised $35m in Series A funding. Dragonfly led, joined by Accel, Gradient, Coinbase Ventures, Operator Collective, Formus Capital, and VanEck Ventures. Go deeper

• Maximum, a developer of core banking software, raised $30m in seed funding. CRV led, joined by Pear VC, Restive, Plug and Play Ventures, and Anthemis. Go deeper

• Ambrook, a bookkeeping startup for agriculture, raised $30m in Series B funding. Lachy Groom led, joined by Thomson Reuters Ventures, Thrive Capital, Field Ventures, and Cameron Ventures. Go deeper

• Naïve, an infrastructure provider for agentic business operations, raised $28.5m in Series A funding. Nexus Venture Partners led, joined by YC, Zetta and Liquid 2. Go deeper

• InRisk Labs, a risk and reinsurance platform, raised $27m in Series A funding led by Bessemer Venture Partners and Northpoint Capital. Go deeper

• LemonEdge, an NYC-based fund-accounting platform for private markets, raised $21m in Series A funding. Blackstone led, joined by BNY and Sidekick Partners. Go deeper

• InvestiFi, an embedded digital investing platform, raised $20m. Vibe Credit Union led, joined by BankTech Ventures, Idaho Central Credit Union, Navari, United Financial Credit Union, Coastal Credit Union, Mid Minnesota Credit Union, Truity Credit Union, and Southpoint Credit Union. Go deeper

• Ordway, a Washington, D.C.-based monetization and billing platform, raised $20m in equity and debt funding. Harbert Growth Partners led the equity, and Western Alliance Bank provided the debt. Go deeper

• HomeRun, an Indian quick-commerce platform for construction and interior materials, raised $12m in Series A+ funding. Nexus Venture Partners led, joined by Sorin Investments, Titan Capital, Sparrow Capital, and Consumer Collective by Atrium. Go deeper

• Malachyte, an NYC-based ecommerce analytics company, raised $10m in seed funding. Bessemer Venture Partners and Gradient Ventures led, joined by Harpoon Ventures. Go deeper

• Pinegap, an equity research platform, raised $8m in Series A funding. Stellaris Venture Partners led, joined by insiders Inventus, Silicon Valley Quad, and DeVC. Go deeper

• Rivo, an SF-based fintech building autonomous cash management on top of existing bank accounts, raised $2.7m in seed funding from South Park Commons, Wisdom Ventures, Script Capital, 645 Ventures, and 20VC. rivofi.com

• Advent International and HarbourVest agreed to acquire Germany's FNZ Bank from wealth-tech firm FNZ. Go deeper

• BNP Group, backed by Godspeed Capital, acquired U.S. Cost, an Alpharetta, Ga.-based cost management and project controls firm for construction. Go deeper

• Carlyle agreed to buy a minority stake in wealth manager Prime Capital Financial from Abry Partners. Go deeper

• Mortgage Automator, a BVP Forge portfolio company, acquired Lendr, a Chicago-based provider of working-capital and invoice-factoring programs for small businesses. Go deeper

• Wind Point Partners acquired Eze Castle Integration, a managed services provider for alt investment firms and investment banks, from H.I.G. Capital. Go deeper

• BOA Acquisition II, a SPAC targeting real estate and infrastructure, raised $125m in a downsized IPO. Go deeper

• Gravity Acquisition, a SPAC led by Iris Zhao (Future Fintech Group), filed for a $250m IPO. Go deeper

• River City Bank, a Sacramento, Calif.-based commercial bank, raised $122m in its IPO. It priced at $45, below its $48-$51 range, and listed on the Nasdaq (RCBC). Go deeper

• Visa (NYSE: V) agreed to acquire BioCatch, an Israeli fraud intelligence company, from Permira for $2.4b in cash. Go deeper

• Banco Santander (NYSE: SAN) secured U.S. Federal Reserve approval for its $12.34b takeover of Webster Financial (NYSE: WBS). Go deeper

• Malayan Banking agreed to buy a 31% stake in Malaysian insurer Etiqa from Ageas for around $1.2b. Go deeper

• Toms Capital Investment Management, an activist hedge fund, is telling shareholders that Voya Financial (NYSE: VOYA) should explore a sale. Go deeper

• Adams Street Partners raised $2.7b for its eighth global secondaries fund, plus $2.3b for other secondaries programs. Go deeper

• Elephant Partners, a Boston-based VC firm, is raising up to $700m for its sixth flagship fund, per an SEC filing.

• G Squared, a direct secondaries firm, raised $2.3b for its seventh flagship fund. gsquared.com

• Kingswood Capital Management, an LA-based midmarket PE firm, raised $3.1b for its fourth flagship fund and $900m for its first small-cap opportunities fund. Go deeper

• Sequoia Capital raised $10b for new growth equity funds, per Businessweek. Go deeper

• South Park Commons raised $575m for its fourth flagship VC fund. Go deeper

• White Star Capital, a London-based VC firm, raised $250m for its fourth flagship fund. Go deeper

• Alexander Addario left SVB, where he was a senior managing director focused on fintech. Go deeper

• Battery Ventures promoted Brandon Gleklen to partner, Jason Mendel to principal, and both Jack Mattei and Lucas Maiman to vice presidents. battery.com

• Left Lane Capital promoted Arjun Kapur and Paddy Dillon to investing principals, Alex Wu to partner of talent, Erica Amatori to partner of platform, Liz Atkisson to SVP of finance and compliance, and Elizabeth Donovan to VP of IR and biz dev. leftlane.com

• Graham Littlehale joined Felicis as a partner. He previously was with Point72 Ventures. Go deeper

• Dylan Tornay joined Evercore as a senior managing director of equity capital markets. He most recently was with Citi. Go deeper

💸 Fintech deals of the week

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<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Venture Capital</h2>• Whatnot, an LA-based live-shopping platform for collectibles, raised $545m in Series G funding at a $20b valuation. Iconiq, Lightspeed and Avra led, joined by Kleiner Perkins, Wellington Management, a16z, Bond, DST Global, Greycroft, YC, Standard Capital, and CapitalG. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/3TIlA0x" data-vars-content-id="1c01a04e-cea2-407e-9847-d641b5bb3e45" data-vars-headline="💸 Fintech deals of the week" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://axios.link/3TIlA0x" target="_self">Go deeper</a>• Decade, a Brazilian AI wealth advisor, raised $85m in seed funding from Greenoaks, Benchmark and Diffusion. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/3TSiJCb" data-vars-content-id="1c01a04e-cea2-407e-9847-d641b5bb3e45" data-vars-headline="💸 Fintech deals of the week" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://axios.link/3TSiJCb" target="_self">Go deeper</a>

💸 Fintech deals of the week

Venture Capital

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