Daily Fintech Newsletter | May 2nd
Hi!
In case you missed it, please see below today's most relevant fintech news.
U.S. FinTech company Current raised $220M in its Series D funding round. Stuart Sopp, Current CEO, and founder joins CNBC ‘Closing Bell’ to discuss the company’s latest funding round, the recent growth, and how it differentiates from similar companies. Link here.
Check out the latest FinTech map by Endeavor from Argentina! Link here.
We love to talk about the neobank hype bubble. But there’s another bubble possibly brewing in the open banking sphere, dominated by the likes of Tink, TrueLayer, and Plaid. Link here.
Volt.io, the leading open payments gateway, unveiled new cash management functionality providing merchants and payment service providers (PSPs) with complete visibility of open banking payments made through the UK's Faster Payments Service and the European SEPA Credit Transfer and SEPAInstant Credit Transfer schemes. Link here.
PPS, formerly PrePay Solutions and an Edenred company announces a new partnership with leading Finnish accounting company, Talenom. Link here.
SAUDI PAYMENTS, a wholly-owned subsidiary of Saudi Central Bank – SAMA, has added Geidea Solutions and STC pay to the national payment system (Mada) as the first two non-bank entities. Link here.
Wealthfront announced new features for its investment portfolios that will enable clients to invest in a wider range of carefully vetted ETFs and Socially Responsible Investing (SRI) options. Link here.
One of the frustrations with investing in Bitcoin through Revolut has long been its insistence that holdings remain tied to your account, meaning you can only buy and sell via Revolut’s app. Link here.
Neobank Current Adds Crypto To Product Roadmap After $ 220 Million Fund Increase. Link here.
Digital asset custodian Finoa has secured $22 million in a Series A funding round led by Balderton Capital. Link here.
Blockchain infrastructure platform Paxos has closed a $300 million Series D round of funding, giving the firm behind the crypto offerings of PayPal a $2.4 billion valuation. Link here.
The tech sector in Latin America has huge grounds to cover and mature. Just over 2% of GDP is represented by technology companies, vs ~40% in the US. 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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