Daily Fintech Newsletter | Feb. 16th, 2021
PayPal is planning to offer a Super App
Hi!
In case you missed it, please see below today's most relevant fintech news.
PayPal is planning to offer a Super App with FinTech services like Crypto, Payments, Investing, and Rewards, all accessible via a common interface. Last year, Paypal introduced its cryptocurrency investing service in October. Due to its categorical success, they will expand the options to purchase, sell, and hold digital currencies to new global markets. They will also offer more investment options without limiting themselves to cryptocurrencies. This means that stock trading remains a possibility. There's more; several exciting products are expected to roll-out this year. Link here.
Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico. The yet-to-be-announced project, which Amazon sketched out across a series of recent job posts, appears to be an effort to keep lucrative Prime customers eternally plugged into Amazon’s platform. Link here.
Amsterdam overtook London as the largest financial trading center in Europe last month as Brexit-related changes to finance rules came into force. Link here.
“We’re hyper-focused on providing the highest real-time data coverage on credit-invisible customers, something that no other API is offering in our markets,” said Pngme Founder, Brendan Playford. The financial data platform closed a $3M seed round to accelerate growth in Sub-Saharan Africa. Link here.
Libeo, a B2B payments fintech, has raised €20m in a funding round led by partners at DST, an investor in Checkout.com, Revolut, and Funding Circle among others. Link here.
Mastercard is preparing for the future of transactions by planning to support cryptocurrency transactions across its network. 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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