Finom Closes €115M as European FinTech Heats Up
Weekly news up to Tuesday, 24th of June 2025
👀 NEWS HIGHLIGHT
The EuroPA alliance, in which Bizum and the major instant payment solutions of Italy, Portugal and the Nordic countries participate, has sealed an alliance to achieve full interoperability with EPI Company, the payments initiative driven by the major banks of France, Germany, Belgium and the Netherlands.
EuroPA and EPI have agreed to initiate a partnership with the aim of “exploring solutions to rapidly address the challenge of European payment sovereignty” and to accelerate the implementation of instant cross-border transfers compatible with all platforms belonging to both alliances.
📰 ARTICLE OF THE WEEK
OakNorth 🆚 Allica Bank
Here is a comparison on 𝗞𝗲𝘆 𝗦𝘁𝗮𝘁𝘀:
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ SMB-focused Finom closes €115M as European FinTech heats up.
⭐️ Tandem to name ex-Vanquis chief as new boss.
⭐️ Revolut faces possible crackdown as government plans new tax on neo-banks.
⭐️ Coinbase Secures MiCA Licence: A Milestone in Europe’s Crypto Evolution.
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FINTECH
Neobank Revolut is actively exploring launching its stablecoin. The development comes amid a growing list of non-crypto companies now considering issuing their stablecoins as the regulatory environment shifts in the United States and around the world.
PAYMENTS
Satispay innovates welfare and opens up to pension funds. The CEO and co-founder of Satispay, Alberto Dalmasso, said: “No sector will be saved from innovation”. He also explains the company's choice to focus on welfare, a sector that had fallen asleep a bit and had not yet been attacked by innovators.
Worldline launches Android SmartPOS in Switzerland, aiming to transform how businesses manage payments and operations. The new product leverages Android’s extensive capabilities to go far beyond basic transactions, offering access to business applications directly from the payment terminal.
REGTECH
Bitget secures digital asset license in Georgia. The new licensing development is a strategic expansion aligned with Bitget’s plans of growing its licensing portfolio in Eastern Europe, a region increasingly dictating the growth of crypto through open regulatory frameworks and progressive economic outlooks.
DIGITAL BANKING
N26's Comeback: CEO Valentin Stalf on Rebuilding After Regulatory Setbacks. Stalf reflects on challenges faced by the neobank, including regulatory setbacks from BaFin and slowed growth. With restrictions lifted, N26 aims to regain momentum with a renewed focus on operational excellence and sustainable growth.
Pixpay targets €14 million in ARR by the end of 2025. The neobank for teens, acquired by British firm GoHenry in 2022 for £17.4 million, announces a redesign of its offerings, its upcoming launch in Germany and Benelux, as well as the rollout of a financial education coach.
Vivid is now available for Swiss customers. Swiss people can finally make purchases across the EEA in euros without exchange rates, giving them peace of mind wherever they shop. Vivid expansion to Switzerland is a step forward in its mission to make money management simpler and more rewarding for everyone.
PARTNERSHIPS
Klarna and AliExpress offer customers new ways to pay for their purchases. By choosing Klarna as a payment method, AliExpress customers can pay for their purchases 30 days after the product is shipped or split the repayment into three interest-free installments, in both cases without incurring any additional costs.
Lunar continues to expand its presence in the Nordics through key partnerships and infrastructure upgrades. The company has partnered with Wise Platform to streamline local payments via its Moonrise infrastructure for seamless local clearing and payments across Scandinavia. Additionally, Lunar is shifting Visa card processing to cloud-native processing with Pismo to speed up product launches for over one million users across Denmark, Sweden, and Norway.
Salt Edge, Tuum, and LHV Bank partner to accelerate growth through secure open banking. The partnership between Tuum and Salt Edge aims to help financial institutions across Europe access the full spectrum of open banking features quickly and securely while enabling integration with an API-first and modular core banking platform. LHV Bank is one of the beneficiaries of this collaboration.
Light Frame and Mambu launch strategic partnership to provide cloud-native core banking for the wealth industry. The collaboration offers a distinct advantage to banks as they shape and execute their strategy. Continue reading
DONEDEAL
German FinTech NaroIQ raises $6.5m seed round to establish European fund infrastructure. The fresh capital will be invested specifically in technical development and regulatory licensing. NaroIQ plans to launch its first partner integrations as a key milestone this year.
UBS invests in UK FinTech Icon Solutions to shape the future of payments technology. The collaboration helps UBS drive innovation at scale and enhances its capabilities for seamless instant payments and advanced transaction processing. Continue reading
Swedish FinTech startup Polar raises €8.6 million for its monetisation platform. The funds will be used to expand its remote-first team across Europe and invest in growth, developer relations, and strategic partnerships throughout the payments ecosystem.
Dutch FinTech startup Delfio raises €1.5 million for automation platform. Delfio is a data-driven procurement platform that organises collective purchasing for professional buyers across Europe. By aggregating demand from multiple buyers, it creates joint purchasing power, resulting in more competitive offers.
FX FinTech Glyde raises £450k to reshape global transfers. The new capital will be used to expand Glyde’s engineering team, speed up product development, and grow the company’s presence in the UK and international markets. Continue reading
M&As
Fabrick completes acquisition of finAPI. The acquisition, authorized by regulatory authorities, expands the international perspective of Fabrick and enables the development of synergies for innovation in digital payments across Europe. Read more
MOVERS & SHAKERS
Shares strengthens its CGP offering with the arrival of Jonathan Cohen as Director of Operations. With over 15 years of experience in the wealth management industry, Jonathan brings strong expertise in FinTech product development, platform strategy, and the deployment of large-scale regulated SaaS solutions.
Revolut announces changes in Romanian branch management team. Gabriela Simion has recently stepped into a new role at the group level, leading the Global Credit Insurance business. Gianmaria Scocca will oversee the operations of the RBUAB Vilnius Bucharest Branch. It has appointed Tamer Nurla as the Deputy Branch Manager.
Salt Bank Appoints Vikram Tikoo as Chief Technology Officer. Vikram's main objective is to strengthen Salt Bank's strategic direction to enable rapid growth. In his new role, he will oversee the integration of advanced technologies to ensure the platform’s scalability and security while supporting the expansion of its product and service offerings.