BlackFin Tech Weekly — June 10th, 2025
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 13 fintech deals in Europe, raising a total of €275 million, with four deals in the UK and Germany, and one deal each in Finland, Italy, Ireland, Spain and Denmark.
On the BlackFin side, we’re excited to back S64, a digital platform working with leading GPs to expand access to alternative assets for wealth managers and private banks, following the close of their Series A round alongside HPS Investment Partners and Sumitomo Mitsui Trust Bank!
Congratulations to the three largest rounds announced last week:
Scalable Capital, a Munich-based digital investment platform, has secured €155 million in a funding round led by Sofina and Noteus Partners.
NomuPay, a Dublin-based payments platform, has raised €35.2 million in a Series A extension led by SoftBank Ventures Asia at a €254 million valuation.
Treefera, a London-based AI-driven supply chain resilience platform, has raised €26.4 million in Series B funding led by Notion Capital.
Let’s dive in
Scalable Capital, a Munich-based digital investment platform, has secured €155 million in a funding round led by Sofina and Noteus Partners, with participation from Balderton Capital, Tencent, and HV Capital. Founded in 2014, Scalable Capital provides commission-free trading, ETF savings plans, and wealth management to over one million clients across Germany, Austria, France, Italy, the Netherlands, and Spain. The new capital will fuel further European expansion and product development, reinforcing Scalable Capital's position as a leading digital wealth manager.
NomuPay, a Dublin-based payments platform, has raised €35.2 million in a Series A extension led by SoftBank Ventures Asia at a €254 million valuation. NomuPay delivers unified payment solutions across Southeast Asia, Turkey, and Europe, enabling businesses to access local payment rails, cards, and alternative methods through a single API. The company will use the funds to accelerate growth, enhance its technology stack, and expand its commercial presence in key markets.
Treefera, a London-based AI-driven supply chain resilience platform, has raised €26.4 million in Series B funding led by Notion Capital, with participation from existing investors Albion VC, Endeit Capital, Triple Point, and Twin Path Ventures. Founded in 2021, Treefera leverages AI and satellite data to help global enterprises monitor, report, and manage environmental and social risks across their supply chains. The new funding will support scaling its technology and expanding its client base in Europe and North America.
In addition to this week’s fundraising activity, here is the European M&A activity of the week:
Visma, a leading European provider of business software, has announced the acquisition of Evoliz, a French cloud-based financial management platform tailored to small and micro businesses. Evoliz offers invoicing, accounting, and cash flow management tools designed for entrepreneurs and small company managers. This acquisition strengthens Visma’s presence in France and broadens its portfolio of digital solutions for TPEs and SMEs. With this acquisition, Visma continues to expand its ecosystem of financial management solutions in Europe. Financial terms of the transaction were not disclosed
Lemonway, a payment institution serving marketplaces and crowdfunding platforms, has acquired the e-commerce payment activities of PayGreen, a specialist in eco-responsible online payments. PayGreen offers merchants solutions for card payments, dematerialized meal vouchers and holiday vouchers, as well as tools for measuring carbon emissions per transaction and a solidarity round-up feature that supports charitable or carbon-offset projects with each purchase. This transaction enables Lemonway to extend its regulated PSP services and to leverage PayGreen’s sustainability-focused payment suite across its network.
And finally, we bring you 4 news stories that caught our eye last week:
Circle, issuer of the USDC stablecoin, raised $1.05 billion in an upsized IPO on the New York Stock Exchange, pricing shares at $31. The offering, led by J.P. Morgan, Citigroup, and Goldman Sachs, drew strong institutional demand, with investors like BlackRock and Ark Investments participating. Circle is the first stablecoin issuer to go public, with its revenue driven primarily by interest on U.S. Treasuries backing USDC. Shares surged over 200% on debut, signaling robust market appetite for regulated crypto assets.
Wise, the London-based fintech, is moving its primary stock listing from London to New York to improve liquidity and attract U.S. investors. Wise debuted in London in 2021 and now has a market cap around £11 billion, with rising profits and customer growth. The move follows a trend of UK firms seeking higher valuations and larger investor pools in the U.S., as Wise aligns with its fastest-growing market.
Deutsche Bank is evaluating launching its own stablecoin or joining an industry initiative as part of its digital assets strategy. The bank is also exploring tokenized deposits to improve payment efficiency. Deutsche Bank is already involved in digital asset projects with UBS and Partior, and its asset manager DWS is part of the AllUnity stablecoin venture. Other global banks, including Santander, Société Générale, and Standard Chartered, are also developing blockchain-based payment solutions.
N26 has introduced N26 Go, a new premium subscription for frequent travelers, transitioning existing ‘N26 You’ users to the new tier at €9.90 per month. N26 Go offers fee-free international payments, unlimited withdrawals abroad, and comprehensive travel insurance. A key feature is on-demand access to over 1,300 airport lounges worldwide, with discounted rates for N26 Go and N26 Metal users. The plan also expands budgeting tools and provides travel discounts with partners such as Avis, EasyJet, and FlixBus, reinforcing N26's focus on Europe’s travel-oriented customers.
Have a great start into the week!
Sources of the fundraising reports