Banking platform solarisBank raises $67.5 million at $360 million valuation – TechCrunch

Despite the Wirecard fallout, German fintech startup solarisBank has raised a Series C funding round of $67.5 million (€60 million). Following today’s funding round, solarisBank is now valued at $360 million (€320 million). solarisBank doesn’t have any consumer product directly. Instead, it offers financial services to other fintech companies through a set of APIs.

With solarisBank, you can build a fintech startup and leverage solarisBank’s line of products to do the heavy lifting. It’s an infrastructure company in the banking space. Read More


Canva valuation hits new $6 billion high after closing $60 million funding round

Australia’s tech unicorn Canva has announced it has hit a new valuation of $6 billion, after closing off a $60 million funding round.

The latest valuation is nearly double the amount of when Canva achieved a private valuation of $3.2 billion in October last year.

This latest funding was led by Blackbird and Sequoia Capital China, with participation from Bond, Felicis, and General Catalyst.

Canva co-founder and COO Cliff Obrecht said despite an economic downturn due to the COVID-19 pandemic, the company has continued to experience user growth. Read More


Outreach nabs $50M at a $1.33B valuation for software that helps with sales engagement – TechCrunch

CRM software has become a critical piece of IT when it comes to getting business done, and today a startup focusing on one specific aspect of that stack — sales automation — is announcing a growth round of funding underscoring its own momentum. Outreach, which has built a popular suite of tools used by salespeople to help identify and reach out to prospects and improve their relationships en route to closing deals, has raised $50 million in a Series F round of funding that values the company at $1.33 billion.  Read More


Monzo confirms £60M down round, with a new pre-money valuation of £1.24B – TechCrunch

Monzo, the U.K. challenger bank with more than 4 million customers, has confirmed it has closed £60 million in top up funding.

Backing the round are existing investors Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Orange, Thrive, Passion Capital, along with new investors Reference Capital, and Vanderbilt University.

One of fintech’s worst kept secrets, the down round sees the bank take a 40% hit in its paper pre-money valuation compared to its previous round, now priced at £1.24B. Read More


Epic Games seeking to sell stake for $750 million at $17 billion valuation

Fortnite maker Epic Games is raising $750 million, according to two sources who spoke to GamesBeat. Bloomberg reported the news first, but we have independently confirmed the details in our story.

The deal would give Epic a pre-money valuation of $16.3 billion, with a post-money valuation (the value of the company after the deal is done) of $17 billion. Epic Games is the developer and publisher of Fortnite, which has more than 350 million users. And it is also the creator of the Unreal Engine, a fundamental toolset for building many games (and increasingly, making movies and TV). Epic declined to comment. Read More