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🎉 Austria’s first Fintech unicorn and more portfolio growth

Speedinvest Fintech Quarterly
Issue #2 • View online
Speedinvest Fintech Quarterly
We are extremely proud to announce that our portfolio company, Bitpanda, has become Austria’s first Fintech unicorn! 🎉
Our portfolio is going through golden times and we can’t wait to tell you all about more of the exciting developments that are just over the horizon. 
We have continued to invest in the most promising startups over the last year and we are once again ranked as one of the most active Fintech investors of 2020 by FT Partners.
In this issue, you will find:

New Investment
👛 Speedinvest led a $2.2m seed round into Finary, a consolidated wealth management platform. It gives users full visibility of their wealth across all asset classes (savings, stocks, ETFs, crypto, real estate, startups). Olga has the full story on our blog.
Speedinvest Fintech Family
🐼 Bitpanda became Si f’s first portfolio unicorn by closing a $170m Series B with Peter Thiel’s Valar Ventures and DST. We couldn’t be prouder of Eric, Paul, Christian and the team.
🐝 Krishnan and Lorenzo from Bukukas, secured a $50m Series B funding to expand their engineering and product teams and launch new services for merchants.
🙌 Re:ceeve has increased their seed funding to $13.5m in an expansion round led by Seaya Ventures. The funding will be used to fuel their growth.
📈 Upvest raised €4m Series A extension from ABN AMRO Ventures, following on from its recent Series A funding round.
Portfolio in the News
Payments
🍋 Lemonway is continuing its upward trend despite the pandemic, having processed €3bn in transactions in 2020 and has set its eyes on further accelerating its growth. 
💳 Primer launches ‘Primer Connect’, an open app framework for payments.
👛 Curve continues to expand its offering and has announced a push into France with its all-in-one card.
Banking
🌊 Tide now has nearly 400,000 business accounts, accounting for more than five percent of the UK’s SMEs as customers.  
Lending
🤝 Rohan, Fairmoney’s CPO, spoke to PYMNTS on what it takes to be a lender in emerging markets.
🤳🏻 Billie has been ranked as one of the most promising female-founded Fintech startups in Berlin to watch out for in 2021. 
🏭 Factris acquires Dutch factoring company Payfix
🛒 Wayflyer expands its presence in Australia through new hires and investments.
🏘️ EstateGuru is growing strongly, reaching the €300m funding milestone as of the end of January 2021. 
Investments
🐼 These past couple of months have been crazy for Bitpanda with the launch of their Bitpanda Card, their major 2 million user milestone and their long-awaited stock and ETF launch! They were also featured both in Sifted and Business Insider as fintechs to watch in 2021.
📈 Upvest has been chosen by Sifted as one of the German startups to watch in 2021. 
Insurance
🏠 Luko launched a real estate search virtual assistant named Léon
🦊 Wefox is growing significantly as it surpasses the €100m revenue mark in 2020.  
Services
🐝 Bukukas is one step closer to achieving its merchant one-stop-shop vision with the launch of their payments functionality. 
🧾 TaxScouts launches in Spain as part of their international expansion.  
🔒 Fraugster strengthens its senior leadership team as Christian Mangold is named as co-CEO. 
✉️ Cobee has been chosen as one of the 10 Spanish startups to watch in 2021. 
#trending
🛫 Exciting start to the year! Fintech startups are setting new fundraising records, having just completed their biggest quarter ever.
💸 Payment with crypto goes mainstream with PayPal’s launch of a crypto checkout service in the US.  The payments giant is also in the process of buying the digital asset security firm Curv. 
💰 We are witnessing a boom in the digital asset custody market. See here for insights into this space.  
⛓️ Meanwhile, the European Investment Bank issued its first-ever bond on the Ethereum blockchain. 
📈 Active trading is back, particularly among the newer generation of investors. 
🏦 Facebook finally gains approval for WhatsApp Pay in Brazil.
✨ As we are seeing increased Fintech activity in Latin America, you can find more about market dynamics and opportunities in the region in this a16z analysis
🧾 Account-to-account (A2A) payments are seen as one of the biggest opportunities of open banking. For more on open banking, here is a report on the space by FT Partners.
📚 The much-awaited Kalifa Review of UK Fintech has been released and here are the key recommendations.
Events
🐼 Olga spoke at the Fintech panel at Podim alongside Eric, CEO and co-founder of Bitpanda. 
💡 Olga gave feedback to startups from Eastern Europe & Central Asia at EMERGE pitching session.
⚖️ Gunita spoke at the Oxford Inspires VC panel and also judged at the mini startup pitch. See the whole panel here.
👩 Gunita organized an office hours event together with Female Founders, to give women-led startups feedback on honing their pitch.
Readings
📚 Enrique was featured on Netguru’s Disruption Guide Fintech 2021 and gave his input on what this year will look like.
👩 Gunita hosted a panel on ‘Investing in Women in Fintech’ with panelists from Curve, Plural AI and Billie from our portfolio. The key takeaways and full recording of the panel are available in this blog article.
🤳🏻 Tom and Gunita wrote about our investment in Re:ceeve and how they are leveraging tech to bring innovation to the debt collection process.
Careers in the Portfolio
🌟 Our portfolio of forward-thinking Fintech companies is always hiring exceptional talent! Browse open jobs here
We will be back with our Q2 edition in August. In the meantime, we wish you a great summer. Stay safe everyone! 
Speedinvest Fintech team
Traditional institutions have long been the sole gatekeepers of the financial sector. Now, Fintech companies are uprooting business models across insurance, investing, lending, real estate and banking, easing access to financial services we use every day. From wefox to Bitpanda, Luko, Curve and Tide, the Speedinvest Fintech team has a portfolio spanning from Europe to emerging markets and partner with the most innovative tech startups driving this disruption. Whether reinventing payments or embedded finance, our sector expertise, strong industry networks, and in-house operational support help founders unleash their full potential.
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