FinTech Europe | 2022 #52
Weekly news up to Tuesday, 27th of December
REPORT
This PwC Global Crypto Regulation 2023 report provides an overview of the crypto regulation landscape, with a focus on financial services.
👉 Check the PwC GlobalCrypto Regulation Report 2023 here
👀 NEWS HIGHLIGHT
The last few years of easy access to VC cash have minted dozens of billion-dollar companies in Europe. That’s paid dividends for the founders behind these unicorns, with several joining the growing club of billionaire European entrepreneurs.
In 2022, however, VCs pulled back and some unicorns in need of capital saw their valuations plummet.
Here are some of Europe’s wealthiest founders — on paper!
👉 Read the full Sifted article here
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👨💻 BLOG
The EU has taken an important step in easing friction for account information services by reducing the frequency of re-authentication.
The changes came into force on December 25, amending the regulatory technical standards on strong customer authentication and secure communication.
👉 Read the full Klarna Kosma blog here
💡INSIGHTS
SoftPOS is ready for Prime Time in 2023.
SoftPOS progressed slowly but steadily towards mass market readiness, and that time is now, or at least visible on the 2023 horizon.
👉Read the full Flagship article by Joel Van Arsdale and Elisabeth Magnor here
💡INSIGHTS
Digital payments took center stage at the FIFA World Cup Qatar 2022.
Visa spend data at FIFA venues found that by value, fans spent 300% more at Qatar 2022 than at the 2014 FIFA World Cup. Fans also embraced tap-to-pay at FIFA venues, where over 5,300 payment terminals were deployed.
👉 Check the whole article by Zawya here
🧐 ANALYSIS
Lately, a total of €105.8m was raised across 10 European FinTech deals.
Congratulations to Acin which raised $24m in a Series B round, followed by the Swiss Crypto FinTech Nillion with a $20m Seed 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.
📰 ARTICLE
The term “super app” has been tossed around the tech world for quite some time now, with Blackberry founder Mike Lazaridis being one of the first to define the term at the 2010 Mobile World Congress.
👉Read the full Super Apps story by Timothy Motte here
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Nivo Solutions secured a £1 million investment from Maven Equity Finance, with support from the Northern Powerhouse Investment Fund and Barclays Bank. Link here
⭐️ Twig expands its market reach with the acquisition of Vybe Technologies. Link here
PAYMENTS
Visa released a proposal that would let owners of the ether cryptocurrency set up automatic payments directly from their own. Link here
Revolut is inviting students to “help us conquer the fintech universe”, as it launches a paid internship and one-year grad scheme next year. Link here
Phos announced that enterprise retailers can now add SoftPoS as an option to their existing payment acceptance solution. Link here
BNPL
Buy now, pay later is set for new regulation in the near future but some providers are failing to do appropriate credit checks have already morphed into irresponsible credit, writes Martin Magnone, CEO of Tymit. Link here
OPEN BANKING
Uome launched its new integrated Plaid open banking feature within the application. Link here
Business finance through open banking by Klarna Kosma. Link here
CRYPTO
Coinbase has been granted approval by the Central Bank of Ireland to operate as a Virtual Asset Service Provider. Link here