BlackFin Tech Weekly — February 2nd, 2026
Every Week, we publish a short digest which sums up last week’s Fintech activity.
Hello FinTech Friends,
Welcome to another week of fintech insights. Let’s explore the news and trends shaping the industry!
Over the last week, there were ten fintech deals in Europe, raising a total of €79.3 million, including three transactions in the UK, two in France, two in Sweden, on in the Netherlands, one each in Denmark and one in Spain.
Congratulations to the three largest rounds announced last week:
Lunar, a Denmark-based Nordic challenger bank serving consumers and SMEs with digital retail and business banking, has raised €46m in a Venture Round led by Heartland and Orbit Alliance.
Brickanta, a Sweden-based banktech using agentic AI to review construction project documentation and improve cost estimation and procurement workflows, has raised €6.7m in a Seed round led by Northzone.
Dealroom.co, an Amsterdam-headquartered data platform tracking startups, investors, and funding rounds for market intelligence and ecosystem benchmarking, has raised €5.9m in a venture round led by Indico Capital Partners.
Let’s dive!
Lunar, headquartered in Denmark, is a Nordic challenger bank serving both consumers and SMEs with digital banking and business banking products. The company has raised €46m in a capital increase backed by a mix of existing and new shareholders, including Heartland and Orbit Alliance, alongside new investor 100A. The proceeds will be used to scale business banking, build out its lending proposition, and support further expansion across the Nordics, notably into Norway and Finland, as the company targets growth while moving toward profitability in 2026.
Brickanta, headquartered in Stockholm, provides an agentic AI platform for construction cost estimation and procurement, helping teams analyze tender/project documentation to identify gaps, price risk, and generate procurement packages faster. The company has raised €6.7m in a Seed round led by Northzone, with participation from 20VC, Y Combinator, SSE Business Lab, and a group of business angels. The proceeds will be used to scale across Europe, expand the team, and accelerate product development across pre-construction workflows.
Dealroom.co, headquartered in Amsterdam, is a global data platform and “source of record” for startups, high-growth companies, venture capital, and tech ecosystems, used for market intelligence, deal sourcing, and ecosystem benchmarking. The company has raised €5.9m in a Venture Round led by Indico Capital Partners, with participation from Rabobank, alongside existing investors Beringea, Shoe Investments, and Knight Capital. The proceeds will be used to accelerate international expansion (with an initial focus on the US) and to step up investment in proprietary data assets, AI-driven intelligence, and product capabilities.
In addition to this week’s fundraising activity, here is the European M&A activity for the week:
Finanzen.net, a Germany-based financial information portal, has acquired Vickii, an AI-driven investing / decision-support platform, for an undisclosed sum. The deal is intended to scale personalised, AI-driven investing across finanzen.net’s media and brokerage platforms, with Vickii’s technology gradually integrated into the finanzen.net portal to support investors from information and analysis through execution. Vickii reportedly grew to a high-five-figure user base and raised more than €2m prior to the acquisition, and its founders are expected to continue contributing within the group post-transaction.
Shares, a France-based investing platform that also provides wealth/investing tech to institutions has entered into exclusive negotiations with Société Générale to acquire Treezor (100% of the share capital) for an undisclosed sum, subject to definitive agreements, social procedures and regulatory approvals. The combination aims to extend Banking-as-a-Service beyond payments into savings and investment use cases, by combining Shares’ investing/savings solutions with Treezor’s embedded-finance stack to offer an end-to-end platform (accounts, payments, savings, investing). Treezor has processed more than €130bn in transaction flows and issued 8m+ cards across several European markets, which Shares expects to leverage to scale the combined offering.
And finally, we bring you four news stories that caught our eye last week:
PayPal has agreed to acquire Israeli fintech Cymbio, a multi-channel orchestration platform established in 2015, to enhance its agentic commerce capabilities. The deal is expected to close in H1 2026. Cymbio already powers PayPal‘s agent ready and store sync AI solutions, which enable merchants to accept payments on AI surfaces and make product catalogues discoverable through AI channels. Microsoft Copilot and Perplexity have integrated PayPal‘s agentic commerce solutions, with OpenAI‘s ChatGPT and Google‘s Gemini expected to join soon.
Fipto has secured CASP authorisation from the French AMF, making it the first European stablecoin payment player to hold both a Payment Institution licence and a full MiCA CASP licence. The dual-authorisation allows Fipto to manage the entire payment value chain, bridging fiat currencies and digital assets under a single compliance framework with EU-wide passporting ahead of the 1 July 2026 MiCA deadline. CEO Patrick Mollard stated the licence proves Fipto‘s infrastructure “matches the rigor of the world’s most established financial institutions,” offering institutional-grade stablecoin payments via a single API.
UK payments provider Guavapay entered compulsory liquidation on 21 January 2026, with the Official Receiver appointed as liquidator following a winding up petition filed by Mastercard alleging unpaid debts of £10.8 million. The collapse follows the temporary suspension of Guavapay‘s UK services in September 2025 and the resignation of founder Orkhan Nasibov on 9 January, citing “accumulated stress, fatigue and health-related reasons.” The FCA confirms it will engage with the liquidator to seek the best outcome for consumers. Guavapay, headquartered in London, holds over 20 licences globally.
French employee benefits platform Club Employés has selected Mangopay to modernise its payment infrastructure as it expands operations across Europe. Mangopay‘s wallet-first payment model will manage complex multi-party money flows between employers, employees, and partner merchants while ensuring compliance with regulations governing Comités sociaux et économiques. CTO Nicolas Lebatteux cited Mangopay‘s ability to deliver “fund flows and adapt to our complex value chain” as the deciding factor for the partnership.
Have a great start into the week!
*The information presented in this publication comes from publicly available sources. While the management company uses strict data selection criteria and focuses on the reliability of its sources, it cannot be held responsible for any inaccuracies, omissions, or errors in the data provided. This publication is for informational purposes only and does not constitute an investment recommendation.