Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #23
Weekly news up to Tuesday, 6th of June 2023
# deals for the period: 40
‣ Total raised for the period: €464.1m
‣ Total raised by the top 10 deals for the period: €368.5m
‣ Average raise for the period: €11.6m
‣ Median raise for the period: €2.9m
😎 SPONSORED CONTENT
⓵ There is a significant amount of money that is currently spent and held in the metaverse;
⓶ There is a need for interoperability for money in the metaverse;
⓷ There is a need for greater security around money in the metaverse.
👀 NEWS HIGHLIGHT
Mastercard launches its latest open banking innovation in Europe – Account Owner Verification, a new solution that enables a frictionless experience aimed to instantly verify people are who they say they are.
Last week we spotted 10 European FinTech Funding Deals for a total amount of €115.5m raised, with 2 deals in France and 1 in each of Italy, Spain, Poland, Ireland, Germany, The Netherlands, Switzerland, and Austria.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Tuum and Fourthline partner to offer European financial institutions a secure and agile core banking solution.
fumopay announced that it has successfully closed its first seed-funding round from three highly accomplished FinTech private investors.
NomuPay has raised $53.6 million to unlock local payment acceptance and payout disbursements for enterprises in Southeast Asia, Turkey, and Europe.
Juni introduces BNPL for online retail media invoices. Based on the recent data from Juni, 63.5% of the total budget of its European customers in Q1 of the current year was allocated to ad investments.
Elifinty has launched its open banking-based "socially conscious" debt management platform for consumers and creditors.
Mia-FinTech partners with Mambu to accelerate the delivery of digital financial products and services by combining Mambu’s SaaS, API-driven technology with Mia-FinTech’s open and modular platform and accelerators.
A group of MPs and Lords in the UK Parliament has called for urgent regulation of the cryptocurrency sector and the appointment of a 'Crypto Tsar' to coordinate the Government's approach.
Chip has recorded its first profitable month since its formation six years ago. The company which provides a one-stop digital shop for savings and investments, currently counts 27,000 investors.
MOVERS & SHAKERS
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.