Daily Fintech Newsletter | Feb. 18th, 2021
Hi!
In case you missed it, please see below today's most relevant fintech news.
U.S. payment card issuing start-up Marqeta Inc filed confidentially with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO). Marqeta will now await feedback from the SEC on its filing and hopes to complete its IPO as early as April. Marqeta is eyeing a valuation in the IPO of around $10 billion. Marqeta raised $150 million in a private fundraising round in May, doubling its valuation to $4.3 billion. Link here.
Although no African country has implemented a clear regime or legislative framework for Open Banking, there are promising developments in a number of countries. Link here.
Klarna, the leading global payments provider and shopping service, and Safello, Sweden's leading broker for cryptocurrencies, announced a strategic partnership to bring Klarna Open Banking to Safello's brokerage platform for cryptocurrency trading. Link here.
Mollie, one of the fastest-growing payment service providers in Europe, has expanded to support UK merchants looking to grow into Europe. Link here.
Billhop AB, the Swedish company which makes every invoice and bill payable by card, has closed a €4M Series A investment round from financial technology VC Element Ventures. Link here.
Titan, a startup that is building a retail investment management platform aimed at millennials, has closed on $12.5 million in a Series A round led by VC heavyweight General Catalyst. Link here.
Canada's oldest retailer is teaming up with one of the country's newest financial technology companies to offer a new credit card. The partnership between Hudson's Bay Company. and Neo Financial comes three months after U.S.-based Capital One said it was ending its relationship with HBC and Costco Wholesale Canada in 2021. 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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