Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #14
Weekly news up to Tuesday, 4th of April 2023
Here is a list of last month's top 10 European FinTech funding deals👇
In order to evaluate the attractiveness of different locations for FinTech companies, the seventh edition of the FinTech hub ranking is presented in this #fintechreport by Thomas Ankenbrand & Denis Bieri, at the Institute of Financial Services Zug IFZ.
Download the full 191-page report below 👇
Check out & download the latest Whitecap Consulting Greater Manchester FinTech Report/Map👇
Check out Finnovating's latest #fintechreport "FinTech Global Vision 2023". Download the full report through the link below👇
👀 NEWS HIGHLIGHT
Fourthline raises € 50 million. The platform provides banks and financial services providers with a complete suite of proprietary tech products that adhere to local KYC, AML and GDPR requirements in Europe and beyond.
FinTech investment hit the brakes in 2022; funding into the European sector dropped by a third to $19.2bn, down from $28.9bn in 2021, according to CB Insights.
Read the full article by Amy O'Brien, with a list of Europe’s most active Angel Investors in FinTech.
In 2019, e-wallets reportedly became the number one payment method in the world, after a two-decade history that has seen them build from a fringe financial product.
The Netherlands, with its vibrant startup scene, strong tech infrastructure, and supportive government policies, has become a hub for FinTech companies and startups.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Frost will offset its carbon emissions through a range of green initiatives.
⭐️ CSI and Hawk AI partner to release AI-driven solutions for fraud prevention.
⭐️ Quantexa raised $129 million at a $1.8 billion valuation.
Inpay announced the firm’s record results and outlined plans for significant future growth within its UK office.
Paytrix raised $18.3 million in a funding round which will drive product development and international expansion.
Checkout.com faces exec team exodus and makes layoffs ‘by stealth’.
Yonder launches an app ‘Send Points’ feature to expand reward offerings for members.
Viva Wallet Marketplace Solution launches pan-European marketplace platform.
Advanced Payment Solutions is set to enable merchants to receive money from clients of 700 EU banks via Open Banking.
TerraPay secures €91.7M to expand its payments infrastructure.
Klarna relaunches ‘Money Talks’ game as Brits get more comfortable discussing finances.
Bink raised £9 million in a fresh funding round. Lloyds Banking Group bought a minority stake in Bink in early 2022.
Tide hits 500,000 UK customer milestone after six years.
Tenity announced the first closing of its Tenity Incubation Fund I with investments from SIX Group, UBS’ strategic venture, and others.
ArK Kapital extends capital pool to €400 million and expands non-dilutive financing model to Germany.
Teya is launching, introducing itself as a provider of services to small businesses.
Kashet came out of stealth mode after raising £5.4 million in an initial funding round.
Lightyear launches more than 100 UK stocks and ETFs on the London Stock Exchange.
According to Coadec’s analysis, UK's open banking sector is currently valued at £4.1bn.
Finanzguru gets €13 million in funding from SCOR Ventures and PayPal Ventures.
SwissBorg raises $23 million in a community funding round, which attracted a total of 16,660 investors.
BLOCKCHAIN / DEFI
Salv partnered with a global identity verification provider Veriff to strengthen the fight against financial crime.