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Fintech Deals

• Whatnot, an LA-based live-shopping platform for collectibles, is raising new funding at around a $20b valuation, per Business Insider. Last year it raised at $11.5b led by DST Global. Go deeper

• CAIS, an alts investment platform for independent financial advisors, raised $170m in Series D funding at a valuation north of $2b. Vista Equity Partners led, joined by AllianceBernstein, Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and RBC. Go deeper

• Dwelly, a London-based residential letting agency, raised $95m in Series B funding. EQT Growth and General Catalyst led, joined by s16vc, Begin Capital, and DVC. It also secured $75m in debt from Trinity Capital. Go deeper

• Centralize, a relationship intelligence platform for enterprise revenue teams, raised $19m. NEA led, joined by Salesforce Ventures, YC, 20SALES, Ritual Capital, and Adverb Ventures. Go deeper

• Henry AI, a back-office automation platform for commercial real estate, raised $16.5m in Series A funding. FirstMark Capital led, joined by Thomson Reuters Ventures, YC, Susa Ventures, 1Sharpe, StoryHouse Ventures, Pioneer Fund, RXR Arden Digital Ventures, Karman Ventures, and Coalition Operators. Go deeper

• Ellis, an operations platform for private credit, raised $10m in seed funding. First Round Capital led, joined by 645 Ventures, Harlem Capital, Khosla Ventures, Slow Ventures, Wilshire Lane, Westbound, Collide Capital, Gallery Ventures, Mellody Hobson, Josh Kushner, and Immad Akhund. Go deeper

• Abry Partners is making an initial $75m investment into the North American business of French payments firm Edenred (Paris: EDEN). Go deeper

• Bain Capital and Carlyle are each seeking to buy Wealth Enhancement, a Tucson, Ariz.-based wealth manager with $160b in client assets, from TA Associates and Onex Partners, per the FT. Go deeper

• Cinven and La Caisse agreed to acquire Optio Group, a London-based specialty-risk managing general agent. Go deeper

• Grant Thornton agreed to buy CBIZ (NYSE: CBZ) for $5b in cash, creating one of the country's largest accounting firms. Grant Thornton backer New Mountain Capital is making a new investment to support the deal. Go deeper

• InterVest acquired Kapitus, a provider of SME financing solutions. Go deeper

• Investcorp acquired Berger Financial Group, a Plymouth, Minn.-based wealth manager. Go deeper

• Perpetual (ASX: PPT), a Sydney, Australia-based asset manager, rejected a third takeover bid for EQT, this one valued at A$2.6b, but said it would continue to engage. Go deeper

• TA Associates invested in Oxane Partners, a London-based provider of tech solutions to the private credit industry. Go deeper

• Vista Equity Partners agreed to acquire Quantios, a U.K. provider of SaaS for the trust and corporate services market, from EQT and Hg. Go deeper

• Bluerock Acquisition Corp. II, a Web3 SPAC, filed for a $150m IPO. Go deeper

• Market Technology Acquisition, a fintech SPAC led by Jonathan Slone (uSmart Capital), raised $200m in its IPO. Go deeper

• River City Bank, a Sacramento, Calif.-based commercial bank, set IPO terms to 2.75m shares at $48-$51. It would have a $703m market cap if it priced at the midpoint and plans to list on Nasdaq (RCBC). Go deeper

• Bloomberg LP agreed to acquire Canoe Intelligence, a private market data platform that had raised over $80m from firms like 10 East, Goldman Sachs, Eight Roads, F-Prime Capital, Blackstone, Carlyle, Nasdaq Ventures, Promus Equity Partners, and Portage Partners. Go deeper

• IG Group (LSE: ICG) agreed to buy NYC-based sports betting app Underdog for up to $1.3b. Underdog had raised $110m, including at a $1.3b post-money valuation in 2025, from firms like Corner, Acies Investments, Mantis VC, Electric Feel Ventures, Makai VC, Berkocorp, and McArthur Capital. Go deeper

• Payward, Kraken's parent company, agreed to acquire the embedded wallet infrastructure business of Magic Labs, which has raised over $80m from firms like PayPal Ventures, Synchrony Financial, Kx Systems, Cherubic Ventures, Volt Capital, and Northzone Ventures. Go deeper

• Corient, a multi-family office, acquired Seven Bridges Advisors, an NYC-based RIA with $4.9b in AUM. Go deeper

• eBay (Nasdaq: EBAY) completed its $1.4b acquisition of secondhand clothing marketplace Depop from Etsy (NYSE: ETSY). Go deeper

• PGIM agreed to buy the remaining 25% stake in private credit manager Deerpath Capital. Go deeper

• Index Ventures raised $2b in new fund capital, including a $900m VC fund, a $400m seed fund, and $700m more for an existing growth fund that originally closed in 2024 with $1.5b. Go deeper

• Jump Capital raised $350m for its eighth early-stage VC fund. Go deeper

• Todd Manley joined PayPal as global head of M&A integration. He previously was with Intel. Go deeper

Fintech deals of the week

a collage of checks, a bar graph and a handshake

<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Venture Capital</h2><p>• <strong>Whatnot</strong>, an LA-based live-shopping platform for collectibles, is raising new funding at around a $20b valuation, per Business Insider. Last year it raised at $11.5b led by DST Global. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/4wxibjD" data-vars-content-id="d6e5a9f4-0bea-4e80-984d-fda69816011c" 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/4wxibjD" target="_self">Go deeper</a></p>

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Fintech deals of the week

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