Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #2
Weekly news up to Tuesday, 10th of January 2023
For the Green Finance sector, 2022 brought a significant increase in the amount of sustainable financing, as investors and financial institutions became more aware of the importance of addressing climate change and supporting sustainable development.
👉 Check the full WhiteSight report here
👀 NEWS HIGHLIGHT
A provider of high-cost credit to hundreds of thousands of Britons is on the brink of collapse following a crackdown on the industry by the City regulator.
Indigo Michael, the parent company of loan providers SafetyNet Credit and Tappily, filed a notice of intention to appoint administrators shortly before Christmas.
👉 Read the full Sky news article by Mark Kleinman here
If you need to:
🟣Reduce development costs by outsourcing your Payment Initiation Services (PIS)
🟣Expand your customer reach by accessing a network of European banks
🟣Optimize your customer service
🟣Break down barriers of entry, fast
👉 See this Klarna Kosma blog post here
European FinTech seed deal activity reached 119 deals in total for Q4 2022, a 31% drop from Q3 2022 levels. A continued drop in FinTech seed deals is likely to happen in 2023 as the Euro area increases its interest rates to 2.5% in December 2022.
👉 Check the full information by FinTech Global here
The latest FinTech news from the Nordics in Helsinki Fintech Farm’s latest “Nordic FinTech Snippets – December 2022.
👉 Check the full news overview article by Nordic FinTech Snippets here
Pablo Viguera and Uri Tintoré, co-founders and co-CEOs of Belvo reflect on their main learnings since founding Belvo in 2019. They talk about the open finance landscape in Latin America and their expectations for 2023.
👉 Read this Belvo interview here
In Q4 2022, a total of €1.788Bn was raised across 111 European FinTech funding deals.
👉 See the full info by BlackFin Tech here
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Twenty7tec acquired mortgage affordability platform Broker Sense for an undisclosed sum. Link here
⭐️ Scottish FinTech firms received more than £305m in funding, representing an increase of over 200% on the previous year. Link here
⭐️ Prograd raised £2m in seed investment to accelerate its mission to help young people understand finance. Link here
⭐️ TipRanks is acquiring financial news site The Fly for a sum estimated at $15 million. Link here
Enfuce and Epassi partnered with Welcome.Place and Visa to launch prepaid cards for refugees arriving in France. Link here
Bondsmith became a principal member of Visa. Link here
Adyen partnered with Autocanteen, the touchless self-checkout solution which improves checkout efficiency for the hospitality industry. Link here
Relio secures CHF 3 million in financing for the launch of a digital payment account for business customers by TX Ventures. Link here
Nala launches in the EU, and added 19 new Eurozone nations to its list of send markets. Link here
Flutterwave and a consortium of existing Railsr shareholders are vying to buy the British company amid a tough environment for FinTech funding. Link here
Humm will “prudently retreat from broader UK expansion”. Link here
Qonto revealed its roadmap for the integration of Penta. Link here
Young Platform secured the license as a digital asset service provider to operate in France from the French Financial Markets Authority. Link here
Israel’s securities watchdog seeks to regulate crypto assets. Link here
Trade Republic´s investors will now receive 2 percent interest on their cash balances, without having to pay or subscribe. Link here
Bank of France governor calls for mandatory licensing for crypto companies. Link here
Cryptiony raises €500k pre-seed funding to expand in the UK. Link here
Alicia scored €7m in seed investment. Link here
Superscript scored £45m in a Series B raise. Link here
MOVERS & SHAKERS
Zodia appointed Julian Sawyer as its new CEO. Link here
Erik Zingmark is becoming the new CEO of Loomis Pay. Link here
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.