Finance Monthly - May 2023

10 Finance Monthly. The Monthly Round-Up PRIVATE EQUITY & VENTURE CAPITAL INVESTMENT IN SPAIN REACHES AN ALL-TIME HIGH Oriol Pinya, President of SpainCap, announced this morning the results of Venture Capital & Private Equity activity in Spain in 2022 and the estimate for the first quarter of 2023 during the celebration of the Association’s Annual Congress: “Capital for a Sustainable Future”. The opening was led by economist Andreu Mas-Colell, with the participation of exceptional speakers such as Javier Goyeneche, founder of ECOALF, and Elena Rico, vice-president of SpainCap and Managing Partner at Impact Partners Ibérica. The congress was supported by Deloitte, Norgestión, Inversis, Inveready, Miura Partners and KWM. The volume of Venture Capital & Private Equity investment in Spain in 2022 surpassed any record high: €9,24BN in 958 investments. International funds recorded record investment in Spanish companies: €7,406M and 15 megadeals (deals of more than €100M) were closed. Domestic private funds invested €1,685M€ in 592 investments and domestic public funds €147M€ in 144 investments. Mid-market transactions (investments between €10M-€100M) accounted for 33% of the total volume invested, with 114 investments made in 2022. Divestment (at cost) amounted to €1,95bn in 437 divestments. New resources raised by domestic private entities reached a volume of €2,62bn in 2022. Q1 2023 ESTIMATE During the first quarter of 2023, the Venture Capital & Private Equity sector invested a volume of €2,17bn in 219 investments, of which 179 corresponded to Venture Capital and 40 to Private Equity. The midmarket sector (transactions between €10M-100M) closed 23 deals. FUNANGA LAUNCHES IN NORTH AMERICA WITH NOW PREPAY Funanga, the Berlin-based instant cash payment service for online merchants, today announced its expansion into Canada – with plans for a US launch in early 2024. Funanga’s new partnership with Canadian point of sale network, Now Prepay by Payment Source, will enable users to make in-store cash payments via Funanga’s CashtoCode service to purchase digital goods and top up digital accounts or ewallets. The service is now available at more than 15,000 Now Prepay retail locations nationwide including Canadian Post Offices. Now Prepay is known for quality and speed of service, providing a first-tomarket approach, driving innovative payment solutions in Canada. Funanga users in Canada can also make online purchases with Funanga’s evoucher service, by using the Funanga smartphone app or web browser. A launch in North America was a key target for Funanga at the start of 2023, and a Canadian integration was requested from several Funanga merchants and many customers who wanted to use the service in the region. With this expansion, Funanga’s CashtoCode service is now available on every continent. “North America is an important market for us and our global online merchants and brands,” said Jens Bader, Funanga CEO. “Many of our existing merchants have a strong user base in Canada and we hope to develop more relationships across the country. We also hope that our technical integration and ongoing trade there will provide a launchpad for US expansion next year.” “CashtoCode offers a reliable, secure, and inclusive alternate payment option for our customers,” said Jason Groulx, Vice President Merchant Services at Payment Source. “We are committed to providing the most trusted and convenient payment options for customers, as well as pursuing exciting new opportunities with innovative payment services and technical partners. We are delighted to add Funanga’s hugely popular CashtoCode service to our portfolio and look forward to a long and successful partnership.”

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