FinTech Europe | 2023 #23
Weekly news up to Tuesday, 6th of June 2023
The Top 10 European FinTech Funding Deals for May 2022:
# 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
REPORT
When it comes to money in the metaverse, there were three overarching observations that apply across all 10 surveyed markets in PayPal's latest report:
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.
📊 INFOGRAPHIC
Check out the Nordic FinTech Snippets – May 2023 by FinTech Farm Helsinki
💡 INSIGHTS
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
⭐️ Regnology expects to sign a definitive agreement to acquire Invoke.
⭐️ Tuum and Fourthline partner to offer European financial institutions a secure and agile core banking solution.
⭐️ Teylor secures up to €275 million to support more than 500 SMEs.
⭐️ Fabrick has raised €40m from Mastercard.
PAYMENTS
Sprinque announced it had secured a €20 million debt facility from Avellinia Capital.
PayFuture announced it had been granted an agent Electronic Money Institution license by the UK regulator, the Financial Conduct Authority.
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.
BNPL
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.
OPEN BANKING
TrueLayer launches a partner program for Stripe and others to offer open banking payments.
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.
CRYPTO
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.
INVESTMENT
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
Daniel Conway, David Hudson and Paul Allen of corporate restructuring firm FRP Advisory have been appointed as joint special administrators of Monneo.
Habito’s CEO Daniel Hegarty steps down amid a turbulent time for the UK property market.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.