Canada
(2/4) StackAdapt, a Toronto-based programmatic advertising startup, raised $235 million in equity funding, led by Teachers’ Venture Growth, the investment arm of Ontario Teachers’ Pension Plan. The company, which helps businesses across industries target ads using AI-driven automation, reportedly hit a $2.5 billion valuation on $500 million in annual revenue. This funding follows a $300 million investment from Summit Partners in 2022 and positions StackAdapt for further expansion amid rising demand for cost-effective, AI-powered ad solutions. [TechCrunch]

Europe
(1/29) Formance, a French fintech startup, raised $21 million in a Series A round led by PayPal Ventures and Portage to expand its modular financial infrastructure platform. Originally focused on an open-source financial ledger, Formance now offers a broader suite of tools, including payment orchestration, reconciliation, and connectivity services. The company, which has around 20 customers, plans to open a New York office and grow its team from 20 to 50 employees by the end of 2025. Unlike larger players like Stripe, Formance stays independent by not processing payments or holding client funds. [TechCrunch]

LatAm
(2/4) NeoSpace, a Brazilian fintech specializing in AI-driven customer interactions for financial institutions, raised $18 million in a round led by Itaú. The bank contributed $15 million, while investors Martín Escobari, Micky Malka, Nigel Morris, and Hans Morris added $3 million. As part of the deal, Itaú gets 12 months of exclusive use of NeoSpace’s conversational AI and perpetual exclusivity for co-developed products. NeoSpace plans to expand beyond financial institutions and enter international markets with the fresh funding. [LatamList]

LatAm
(2/6) Yuno, a global payments orchestrator, is bringing Mastercard Payment Passkey Service to merchants in Brazil, Argentina, and Chile to streamline online checkouts and combat fraud. The service replaces vulnerable authentication methods like OTPs with biometric verification and advanced tokenization, enhancing both security and convenience. Yuno, already a key provider of Mastercard’s Click to Pay technology in Latin America, aims to help merchants reduce cart abandonment and fraud-related revenue losses. Backed by investors like Andreessen Horowitz and Tiger Global, Yuno continues expanding globally while offering access to over 1,000 payment methods. [Fintech Finance]

Canada
(2/4) H&R Block Canada partnered with Peoples Group to continue offering the H&R Block Advantage Prepaid Mastercard, giving Canadians a faster and more flexible way to access their tax refunds. Clients can choose Instant Refund (IR) for immediate access to funds or Pay with Refund (PWR) to cover filing fees after their refund is processed. The reloadable card requires no credit check and works anywhere Mastercard is accepted. Peoples Group, a major prepaid card issuer, sees this as a step toward expanding financial accessibility in Canada. [GlobeNewswire]

UK
(1/29) Zero, a Cardiff-based climate fintech, publicly launched its sustainability-focused money app alongside a Crowdcube campaign targeting an £8.3 million pre-money valuation. Founded by Richard Theo, who previously launched Wealthify and ActiveQuote, Zero offers personal accounts and debit cards with a GreenScore feature that rates the carbon impact of transactions. Swedish fintech Doconomy powers the carbon estimates, while ClearBank and Marqeta support banking infrastructure. With over 600 early investors expressing interest, Zero aims to raise funds to expand its eco-friendly financial offerings. [FinTech Futures]

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