BlackFin Tech Weekly — June 7th, 2025
Every Monday, 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 9 fintech deals in Europe, raising a total of €60.5 million, two deals each in The Netherlands and UK, and one deal in Greece.
Congratulations to the three largest rounds announced last week:
Dexter Energy, Dutch climate tech company specializing in AI-powered forecasting and trading optimization for renewables and batteries, has raised €23 million in a Series C round led by Alantra’s Klima Energy Transition Fund.
Natech Banking Solutions, the Greece-based banking technology platform, has secured €22 million in Series B funding from a group of strategic investors.
Yaspa, London-based instant payments and identity services startup has raised €20.2 million in a round led by Discerning Capital, with participation from TechStars Ventures.
Let’s dive in!
Dexter Energy, the Amsterdam-based climate tech company, has raised €23 million in a Series C round led by Alantra’s Klima Energy Transition Fund, with participation from Mirova, ETF Partners, Newion, and PDENH.
Founded in 2017, Dexter Energy provides AI-driven forecasting and optimization tools for renewable energy and battery operators, working with over 80 energy companies including Centrica Energy, Pure Energie, and Luminus. The new capital will be used to expand Dexter’s AI-powered trading and forecasting solutions for wind, solar, and battery portfolios across Europe.
Natech Banking Solutions, a Greece-based provider of modular, cloud-native banking software, has secured €22 million in equity and €6 million debt in Series B funding from a consortium of strategic investors in the banking and fintech sectors. Natech supports banks and fintechs across Europe with API-first technology and will use the new funds to accelerate AI-driven product development, expand delivery capabilities, and support the launch of Snappi, a joint venture with Piraeus Financial Holdings.
Yaspa, the London-based fintech specializing in instant payments and identity services, has raised €10.2 million in a round led by Discerning Capital, with participation from TechStars Ventures. Founded in 2017, Yaspa leverages open banking and AI to deliver real-time bank payments and verified customer insights, focusing on compliance and player protection in regulated sectors. The new funding will support Yaspa’s U.S. expansion and the development of its Intelligent Payments platform.
In addition to this week’s fundraising activity, here is the European M&A activity of the week:
UK-based Adhara, a specialist in blockchain infrastructure for interbank payments and liquidity management, has announced its merger with Spanish firm ioBuilders, known for its expertise in digital asset tokenization and CBDC solutions. Together, they aim to create a profitable, multi-continent leader in institutional DeFi and distributed ledger technology, accelerating adoption of tokenized money and assets for banks and corporates.
US-based Broadridge Financial Solutions, a global leader in financial technology services, has acquired Switzerland’s Acolin, a key player in cross-border fund distribution and regulatory compliance. This acquisition strengthens Broadridge’s pan-European network and aims to simplify market access for asset managers through a unified, transparent distribution platform.
And finally, we bring you 4 news stories that caught our eye last week:
Qonto, a leading French B2B fintech serving freelancers and SMEs, has filed for a full banking license with France’s ACPR as it targets 2 million customers by 2030. Currently operating with a payment institution license and serving over 600,000 clients across eight European markets, Qonto seeks to expand its offering to include lending, savings, and investment products - capabilities only possible with a credit institution license. The move is driven by customer demand for more comprehensive banking solutions, competitive pressure from rivals like Revolut, and the ambition to unlock new revenue streams and deposit guarantees. If approved, the license will allow Qonto to compete more directly with incumbent banks and other fintechs, signaling the growing maturity and consolidation of Europe’s digital business banking sector.
Robinhood has launched tokenized access to over 200 US-listed stocks and ETFs for European customers, enabling 24/5 trading via blockchain in partnership with Arbitrum. The tokens, which cover major companies like Apple, Microsoft, and Nvidia, can be traded commission-free and will soon include private company shares such as OpenAI and SpaceX. This initiative positions Robinhood at the forefront of merging traditional equity markets with crypto infrastructure, catering to global demand for greater accessibility, flexible trading hours, and lower costs.
Accelerant Holdings, an insurance technology company backed by Todd Boehly, has filed for an initial public offering on the New York Stock Exchange under the ticker “ARX”. The IPO, managed by Morgan Stanley,
Goldman Sachs, BMO Capital Markets, and RBC Capital Markets, marks a return of Insurtech’s to public markets as conditions improve. The company has not disclosed the size or price range of the offer, but the move reflects renewed confidence in the sector.
Wise, the London-based payments firm, has filed an application with the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The new entity, based in Austin, Texas, would allow Wise to connect directly to the Federal Reserve’s payment rails, reduce reliance on third-party banks, and offer enhanced flexibility to US customers. The move supports Wise’s goal of streamlining cross-border payments and providing direct custodial services for US dollar accounts.
Have a great start into the week!
Sources of the fundraising reports