FinTech refers to software and other modern technologies used by businesses that provide automated and improved financial services. FinTech in our daily life is Mobile Payment apps, Cryptocurrency, and Blockchain like Bitcoin and Gemini. In the future, the range of FinTech services is predicted to transform the market even more with A.I. and machine learning and will make FinTech products an integral part of our digitalized life.

FinTech refers to the synergy between finance and technology, which enhances business operations and delivers financial services. FinTech can take the form of software, a service, or a business that provides technologically advanced ways to make financial processes more efficient by disrupting traditional methods.

Studies have shown that the COVID-19 pandemic has adversely affected the FinTech ecosystem. The number of FinTech deals has taken a hit as investors choose mature companies over early-stage deals to put their money in.

The following are 5 FinTech funding rounds in the European region in June 2022:

• SumUp

SumUp, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company an enterprise value of €8 billion following a decade of rapid growth and global expansion. The round was led by Bain Capital Tech Opportunities, with participation from funds managed by BlackRock, btov Partners, Centerbridge, Crestline, Fin Capital, and Sentinel Dome Partners, among others. This latest round is a combination of debt and equity and brings SumUp’s total capital raised to €1.5 billion.

• Juni

Juni announces the close of its $206 million in Series B and ventures debt funding within two years of its inception. The $100 million Series B funding is led by Mubadala Capital, whose global FinTech footprint includes investments in SpotOn, Brex, C2FO, WeFox, Cardless, and others. Juni’s existing investors EQT Ventures, Felix Capital, Cherry Ventures, and Partners of DST Global are also participating in the round.

• Metropolis Technologies

Metropolis Technologies, the mobility commerce platform powered by advanced computer vision and a proprietary machine learning system, announced a $167 million Series B capitalization. 3L Capital and Assembly Ventures co-led the round, with participation from leading growth equity investors Dragoneer Investment Group, Eldridge, Silver Lake Waterman, and UP Partners, among others.

• Zilch

Zilch, the London-based double unicorn, announced it had secured an additional $50 million in funding, taking the total raise for its Series C to $160 million. The extension brings Zilch’s total funding to more than $460 million in debt and equity and sees the FinTech company maintain its valuation.

• Laminar

Laminar, a public cloud data security provider, announced that it had raised an additional $30 million, nearly doubling its funding to $67 million in less than six months on the significant demand for its solutions. The additional funding, with participation from Tiger Global Management and Salesforce Ventures, follows seed and initial Series A investments of $37 million in November 2021.