Ecommpay Shortlisted in ICA Compliance Awards Europe 2025
Weekly news up to Tuesday, 8th of April 2025
REPORT
Lithuanian FinTech shows steady growth and serves 30M+ EU customers with 46% female workforce. According to the newly published “FinTech Landscape in Lithuania 2024-2025 Report” by Invest Lithuania, the country’s FinTech ecosystem now comprises 282 companies serving over 30 million customers across the European Union.
👀 NEWS HIGHLIGHT
Innovative and inclusive global payments platform, Ecommpay, is listed as a finalist in the ICA Compliance Awards Europe, in recognition of its in-house proprietary Risk Control Management System.
In partnership with Cable, Ecommpay designed and implemented a groundbreaking solution, redefining financial crime compliance.
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📰 ARTICLE OF THE WEEK
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ SumUp launches new tools for small businesses at Beacon event.
⭐️ Kroo Fights Back Against “Lazy Money” With Launch of Its Cash ISA.
⭐️ FNZ raises $500m to fuel "long-term business plan".
⭐️ RegTech Mopso closes €1m seed round, partners with Armundia Group.
FINTECH
Wise shares up after reporting growth for the financial year. The company reported 22% growth in cross-border volumes and a 16% surge in underlying income to £1.36bn. Also, it announced it would expand its programme of share purchases into its employee benefit trust by acquiring historical stock-based compensation grants.
Wise consults with shareholders over FTSE 100 placing. The company said it would need to amend parts of its articles of association and get approval from the Financial Conduct Authority to join a new listing category seen as a stepping stone to inclusion in FTSE Russell indices.
Lemon launches 0% interest SaaS financing product, backed by Siemens. The product is designed to improve cash flow for SaaS vendors by enabling them to receive upfront payments while allowing buyers to spread costs without incurring additional interest charges.
PAYMENTS
VAMP Remediation Guide: The Subscription Playbook by Solidgate. Visa’s new Acquirer Monitoring Program (VAMP) raises the stakes for merchants in many sectors, especially those running subscription models. Solidgate's risk team breaks down exactly what to do to keep your fraud and dispute rates low. Get the playbook here
Streamlining Global Payment Experiences: DEUNA is Now Live with Click to Pay. In partnership with Mastercard, DEUNA allows businesses to integrate this payment method in just a few clicks. Multiple merchants are already harnessing its potential to boost conversion rates in industries such as airlines, telecommunications, and entertainment.
Money in Motion: First app to integrate Open Banking for all Romanian banks and Revolut, partnered with Finqware. With this integration, users can automatically retrieve all their expenses, income, and balances from all their bank accounts daily, regardless of the bank or currency—automatically converted to RON.
DIGITAL BANKING
Revolut surpasses 1.5 million users in Greece. The increase in the use of investment services in Greece is notable, with a 212% rise in the number of customers opening investment accounts. This development underscores the growing trust in digital financial services.
ClearBank reports first group results, with increased underlying profits at UK bank. These show that the business has made progress on its growth strategy, positioning itself for long-term international expansion. The UK business posted annual pre-tax profits, with strong growth in fee-based income, deposits, and clients.
PARTNERSHIPS
SmartStream and Finastra form strategic partnership to meet growing demands for collateral management. This collaboration offers a robust and cost-effective path for financial institutions to navigate workflows and regulations with SmartStream’s comprehensive collateral management solution.
ClearBank to provide GBP clearing services to Kraken. ClearBank will provide Kraken’s clients seamless on and off ramping, as well as the additional security due to its deposits being held at the Bank of England. Also Numeral has been certified as a ClearBank Technology Partner for Live API. Depending on the connectivity method, security of the payment operations will be ensured by one or more of the following: API Keys, Certificates, Digital signature.
Wolt and Revolut partner up. Wolt customers will be able to use its financial services, including payment options, while benefiting from up to €3 million in savings. The partnership is set to improve operational efficiency and streamline payments for users, focusing on the fast-growing sector of on-demand deliveries.
Unipaas and Mastercard join forces to boost card acceptance for SMEs via Vertical SaaS. This collaboration aims to digitise and streamline transactions for software platforms’ SME users in underserved industries where card usage has historically lagged.
Centiglobe partners with Mastercard to integrate Mastercard Move. This collaboration aims to offer financial institutions and businesses more choices in how they facilitate international payments. It also reduces integration time for banks and PSPs, enabling them to scale their operations more efficiently.
Viva.com expands near-instant payment footprint across Europe, with UK launch of Mastercard Move. This step enables businesses across 24 European countries to send and receive near-instant payments regardless of currency and geography, enhancing operational efficiency and customer satisfaction.
DONEDEAL
Pennylane raises €75m to become the preferred solution for European companies. This fundraising marks a new stage in this mission. In particular, it will support an ambitious hiring plan, aiming to reach 800 employees by the end of the year.
M&As
Swiss FinTech Teylor snaps up some Grenke Factoring Businesses. The deal only includes Grenke’s factoring units in Germany, the UK, Ireland, Poland, and Hungary, Teylor said in a statement. The FinTech ultimately intends to acquire the company’s Italian and Portuguese entities at a later stage, though.
Nayax acquires POS payment solutions provider Inepro Pay in the Netherlands. Inepro Pay will now become a full-service Nayax office in the Netherlands, joining its existing offices in the UK and Germany. Nayax says the deal will bring the company "closer to its customers" in Europe.
MOVERS & SHAKERS
UK paytech Judopay names Anant Patel as new CEO. According to Judopay, Patel has been tasked with "strengthening synergies with Fabrick" and expanding the company's payment solutions into "new international key markets". This includes enhancing its mobile-centric payment platform, handling more than 60 million transactions each year.