BlackFin Tech Weekly — March 31st, 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 8 fintech deals in Europe, raising a total of €76 million in equity, 3 deals in the UK, 2 deals in France and 1 in each of Switzerland, The Netherlands and Germany.
Special congratulations to Epsor, a BlackFin portfolio company, and the other top 2 fund raising companies:
Epsor, a fintech specializing in employee savings and pension plans, has raised €16m from ISALT, alongside historical investors Blackfin and Revaia.
Rockfi, a Paris based fintech, which specializes in private wealth management has raised €18m in a Series A funding round led by Partech.
Paid, a revenue engine for AI Agents that handle pricing, subscriptions, margins and billing, has raised €10.2m from EQT Ventures, Sequoia and GTM Fund.
Let’s dive in
Epsor, a fintech specializing in employee savings and pension schemes, has raised €16 million in a Series C financing round. The funding was led by ISALT, with continued backing from historical investors Revaia and BlackFin. This investment will help Epsor accelerate its growth, aiming to triple its assets under management by 2027 and strengthen its position in the French market. ISALT’s involvement reflects a long-term commitment to supporting companies driving environmental, technological, and social transitions, aligning with Epsor's mission to improve financial well-being for employees.
RockFi, a Paris-based fintech specializing in private wealth management, has raised €18 million in a Series A funding round led by Partech. Partech's co-founder Philippe Collombel will join RockFi's board. RockFi aims to utilize the funds to heavily invest in its technology, expand its team by recruiting 60 new private bankers and double its engineering team. This strategic move is geared towards expanding its range of services, improving reporting, identifying investment opportunities, and achieving a target of €1 billion in assets under management by the end of 2026.
Paid, a London-based platform for AI agents, has raised €10.2 million in a pre-Seed funding round led by EQT Ventures, Sequoia Capital, and GTM Fund. Founded by Manny Medina, co-founder of Outreach, Paid aims to revolutionize the AI agent economy by providing a business engine tailored to this emerging sector. The funding will support the acceleration of its beta program and the expansion of its engineering team. Paid’s platform addresses key challenges in monetizing AI agents by offering tools for margin intelligence, flexible outcome-based pricing, and streamlined billing processes. This approach enables AI agent companies to scale effectively while aligning profitability with value delivery.
In addition to this week’s fundraising activity, here is the European M&A activity of the week:
9fin, an AI-powered analytics platform for debt capital markets, has acquired Bond Radar, an intelligence and data provider for the international bond and loan markets. Bond Radar offers post-pricing deal reviews, comprehensive market summaries, and access to an extensive database of historical priced deals. The acquisition will accelerate 9fin's expansion into new markets, including investment-grade debt and asset-based finance, and extend its geographic reach into key emerging markets like Asia and Latin America. This move follows 9fin's recent $50 million Series B funding round and aligns with its vision to become the leading global provider of debt market intelligence
Fiskaly, a provider of cloud-based fiscalization solutions, has acquired DF Deutsche Fiskal GmbH, a subsidiary of GK Software SE. Founded in 2019, fiskaly's services are utilized at over 600,000 points of sale and by more than 1,000 B2B clients, including major retail chains and leading POS system providers such as orderbird, Lightspeed, SumUp, and ready2order. Deutsche Fiskal has established itself as a reliable partner for store-based retail. This acquisition aims to combine fiskaly's technological expertise with Deutsche Fiskal's deep understanding of German fiscalization requirements, fostering the development of innovative solutions for the German market and facilitating expansion into other European markets. Existing services and solutions for Deutsche Fiskal customers will continue unchanged under fiskaly's ownership
And finally, we bring you 4 news stories that caught our eye last week:
eToro has filed for a U.S. IPO targeting a $5 billion valuation, marking its third attempt to go public after a canceled 2022 SPAC merger. The Tel Aviv-based firm submitted its F-1 form to the SEC, with Goldman Sachs and Citigroup leading the underwriting. eToro reported $350 million in 2024 Q1 revenue, up 14% year-over-year, buoyed by its 35 million users trading stocks and crypto. The IPO comes amid renewed investor interest in fintech, with U.S. public listings raising $8.8 billion in 2025. eToro plans to list under the ticker “ETOR” on Nasdaq, using proceeds to expand its U.S. presence and develop AI-driven portfolio tools. Despite a $3.5 billion valuation in its 2023 funding round, the company faces skepticism over crypto volatility and competition.
DoorDash has partnered with Klarna to offer customers the ability to pay for food delivery orders in installments. DoorDash customers in the US can now use Klarna to pay for their orders in full, in four installments, or at a later date. This new payment option covers a range of purchases, including groceries, big-ticket electronics, home improvement supplies, beauty products, and the firm's annual plan membership. David Sykes, chief commercial officer at Klarna, highlights that "Our partnership with DoorDash marks an important milestone in Klarna’s expansion into everyday spending categories." The agreement follows Klarna's recent formal IPO application and partnership with Walmart, solidifying its presence in the US market.
Revolut has expanded its Revolut X crypto trading platform to mobile users in the EU and UK, offering access to 220 cryptocurrencies and 400 trading pairs. Originally web-only, the app now includes limit orders, staking, and zero-fee crypto-fiat conversions. The launch capitalizes on Revolut’s 50 million global users, with crypto trading volume surging 120% in 2024. However, its UK banking arm remains in a restricted “mobilization phase” capped at £50,000 deposits. Revolut X’s expansion contrasts with rivals like eToro and Coinbase, which dominate the EU’s $12 billion retail crypto market.
Paris-based Fipto has obtained a payments institution license from France’s ACPR, enabling it to launch euro-pegged stablecoins and cross-border B2B payment solutions across the EEA under passporting rules. Competing with Circle and Tether, Fipto aims to provide faster, cheaper transactions with sub-1% fees, integrating both blockchain networks and SEPA. The move aligns with MiCA regulations, requiring stablecoin issuers to be licensed by late 2024. CEO Patrick Mollard highlighted Fipto’s focus on programmable euros for enterprise payments.
Have a great start into the week!
Sources of the fundraising reports