Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #20
Weekly news up to Tuesday, 16th of May 2023
Happy Tuesday Fellow FinTech Fanatic,
Let's start today's newsletter with 🔥 HOT off the press 🔥 The Ultimate FinTech Influencer Guide 2023! 👇
To all of you FinTech Fanatics out there; enjoy and follow these creators!
WEEKLY FUNDRAISING ACTIVITY
Last week we spotted 7 European FinTech Funding deals for a total amount of €36.3m;
🚀FinTech Funding Alert🚀
Let’s dive into the data for European FinTech Funding rounds in April👇
Europe established itself as a leading center for crypto innovation when anti-money laundering regulation arrived in 2019. The survey provides an overview of European crypto-asset regulation, focussing on 28 European jurisdictions (the UK included).
👀 NEWS HIGHLIGHT
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A major driver in Paypal’s growth is interest rates, which help the company earn more than users leave in their PayPal and Venmo accounts. This trend helped propel revenue growth to 10.4% year-over-year, adjusting for currency fluctuations, in Q1.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Firmbase raised $12 million in funding for its FP&A platform.
Hands In Bags completed a $550,000 funding round to accelerate the commercialization of its group payment services.
Guavapay and Discover Global Network signed a strategic agreement on acquiring and issuing with processing coming over the next months.
Viceversa raised a €10m Series A funding round. The round saw CDP Venture Capital as the lead investor.
After reaching an interest rate of 3.33 percent in March, Kroo announced its current account will pay 3.6 percent from 1 June.
Revolut partners with Upvest to offer fractional trading for ETFs and EU stocks. Its chief financial officer Mikko Salovaara resigned for “personal reasons” after just over two years at the neobank.
Bud Financial harnesses AI and transactional data to offer tailored advice to banking customers and assess risk across an institution's portfolio.
ETH is now available to stake on Bitpanda, bringing the total number of staking assets to 28 coins and tokens that generate rewards. The company’s CEO Eric Demuth says that European fintechs are clinging on to price tags of many times what they’re actually worth — including his own.
Bitpanda invests $10 million in AI to “revolutionize” wealth creation. The new platform will focus on creating and delivering new AI-driven products and investing features.
BLOCKCHAIN / DEFI
Unstoppable Finance is preparing to build Europe's "first fully regulated DeFi-native bank" alongside a fiat-backed Euro stablecoin.
Odin picked up a $3m seed round. 220 angels were involved in the deal — almost all of them from Odin’s own community of investors.
SmartPension raised $95 million in a funding round led by Aquiline Capital Partners. The new investment will fuel the company’s ongoing global expansion initiatives.
ITAS Assicurazioni continues its strategic path of digital transformation and launches ITAS Pay with the support of Nexi Group.
Just days after the UK unveiled a new Fraud Strategy to combat the massive growth in financial scams, Tide criticized the government for not going far enough.
MOVERS & SHAKERS
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.