FinTech Europe | 2022 #51
Weekly news up to Tuesday, 20th of December
REPORT
The funding rally of 2021 has proven to be a deviation from growth estimations, with Q3 2022 seeing the largest drop in funding this year at 64% YoY and returning to 2020 quarterly investment levels.
This decline has been particularly notable due to the decrease in both the number (-78% YoY) and size (-40% YoY) of megadeals.
👉 Check out BCG on Financial Institutions report here.
🗺 FINTECH MAPS
Together with their partners Lucerne University of Applied Sciences and Arts, Swisscom and Clarafinds, eForesight has revised the Swiss Fintech Map🇨🇭and expanded the database as well as deleted some old and inactive players.
👉 Check out the full source article, with more stats and figures here
⭐️ Check the long list of FinTech maps from European FinTech Hub at the end of the newsletter.
😎 SPONSORED CONTENT
👨💻 BLOG
Managing your business finances is a breeze when you plug into the power of open banking.
👉 Check out the full Klarna Kosma video about business finance through open banking here
💡INSIGHTS
Last week, €213m was raised across 11 European FinTech deals.
Congratulations to London-based challenger bank Allica Bank which raised £100m in a Series C round,
👉Read the full BlackFin Tech overview article by Nathalie Schwarzkopf here
👀 Are you interested in funding news from the FinTech space?
💡 Read all about it in my weekly overview article and get the latest funding news from the global FinTech space in your inbox every week.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Bling secures €3.5 million seed financing. Link here
⭐️ Bondaval raised a $15 million Series A Round, led by Talis Capital. Link here
⭐️ Opensee raised EUR11 million in a Series A funding round led by Omnes Capital. Link here
PAYMENTS
Paysend launched a new Open Banking Payment Initiation partnership with Plaid. Link here
Rakuten France launched a brand-new integrated payment solution, Club R Pay, becoming the first e-commerce player to offer such a system in marketplaces. Link here
Clear Junction launched a new escrow accounts solution which will act as a DVP (delivery versus payment) protection for those wishing to trade in digital currencies and fiat. Link here
Tribe Payments has been selected by mobile payment platform PayNice to provide risk monitoring solutions. Link here
OPEN BANKING
OneBanx closes £1.28m crowdfund to scale-up its kiosks across the UK. Link here
Currensea has been selected for the Mastercard Start Path Open Banking program, an award-winning, global start-up engagement program. Link here
Updraft secured £108m in a joint equity and debt funding round. Link here
CRYPTO
Utorg is expanding its fiat currency-to-crypto exchange service in coming weeks with the introduction of a features-loaded "superapp". Link here
Clear Junction launches escrow accounts for fiat and crypto trading. Link here
BLOCKCHAIN / DEFI
ARYZE unveiled the first of its suite of digital currency assets, ARYZE Digital Cash, on European digital assets exchange Switchere. Link here
INVESTMENT
EY ups fintech investment with London incubator. Link here
GREEN FINANCE
Klarna is using data sourced from Clarity AI to promote environmentally conscious brands to its global network of more than 150 million active shoppers. Link here
REGTECHS
Single.Earth partnered with Salv. Link here
FINTECH MAPS
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.