Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #25
Weekly news up to Tuesday, 20th of June 2023
As fintechs' offerings mature, we see the biggest banks open up to partnering with them across payments product lines.
Here are the key partnerships in Q2 by FX Intelligence👇
AI-related hires currently account for over 30 percent of the open job ads at some of the largest European banks like ING Groep, Barclays and NatWest, according to the AI Talent Report for Banks by Evident.
👀 NEWS HIGHLIGHT
This strategic move establishes a European Centre for Excellence which will serve as a pivotal facility dedicated to accelerating the development and implementation of new innovative features and technologies.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Tide to help 200,000 women launch new businesses by 2027.
⭐️ Allica Bank doubles deposits to £2bn as rising rates boost savings.
BR-DGE has today launched a partnership with Hands In, the innovative payments solution that enables customers to split the cost of purchases at the checkout.
SEPAexpress has partnered with Volt to add further open banking payments to its product portfolio alongside its already established Direct Debit offering.
Binance cancels registration for inactive business in the UK and continues to withdraw from major markets amid the ongoing pushback from global regulators.
Bit2me gets a bit to itself as the crypto exchange raises €14 million to 'drive forward in Latin America.
Blackboxstocks invests $8.5 million in first step towards merger with Evtec.
Trezy announced that it has raised €3M in a seed round of funding. The company says it will use the investment to support the growth of its customer base and grow its teams in the Netherlands, France, and the UK.
Backbase announced its acquisition of Nucoro. The acquisition will allow Backbase to incorporate Nucoro's headless platform capabilities directly into the Backbase Engagement Banking platform.
ID Finance has launched a crowdfunding campaign, offering existing shareholders and clients as well as European retail investors the opportunity to participate in its recently closed €30 million equity round.
Wayflyer has renewed a $300 million debt line with J.P. Morgan, a step it said underscores the security of its finance base as clients focus more on the source of revenue-based lenders' funds after the collapse of Silicon Valley Bank.
Keytrade Bank has announced its partnership with Infosys Finacle Suite for the modernisation of its core banking system.
Zepz is looking to expand its business through mergers and acquisitions, the company’s CEO Mark Lenhard, said.
Klarna unveils new tools enabling consumers to shop more consciously and take climate action.
MOVERS & SHAKERS
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.