Daily Fintech Newsletter | Feb. 11th, 2021
Klarna has taken its first steps for its own ‘super app’.
Hi!
In case you missed it, please see below today's most relevant fintech news.
Swedish fintech Klarna has taken its first steps towards creating its own ‘super app’, introducing bank accounts for a limited number of German users. Klarna will provide the select group of users with a Visa debit card and a bank account with a German IBAN, enabling them to set up direct debits and deposits. The move comes just over six months after the fintech launched its first savings accounts in Germany, in partnership with fellow fintech Raisin, taking its first tentative steps into the world of digital banking. Link here.
Also, buy-now-pay-later giant Klarna is allegedly closing a new $500m fundraise with a valuation of between $25-30bn, as reported by Swedish publication Breakit. Link here.
Just a few days ago, it was announced that Ripple Labs has completed its investment in SBI’s MoneyTap Co, Ltd, becoming the largest external shareholder with 33%. Link here.
Digital pension provider PensionBee saw strong growth in revenues in 2020 to £6.3m, an increase of 77 per cent, according to numbers released by the fintech. Link here.
Finch Capital announced the first close of its EUR150M fund, Europe III, which will invest in European technology companies that shape the future of finance by using technology such as artificial intelligence. Link here.
Playter Pay is one of a large and growing number of companies looking to make scaling a business more accessible and affordable. Link here.
Money transfer group TransferGo has joined forces with fellow fintech Thought Machine to help it accelerate its global expansion plans. Link here.
This ends my Daily Fintech Newsletter. Let me know if there are any questions or news/insights worth mentioning in the next newsletter. Until the next!
Regards,
Marcel van Oost
marcelvanoost.com
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