REPORT
There were 5 deals in the UK🇬🇧, 3 in France🇫🇷, 2 in Italy🇮🇹 and 1 in Estonia🇪🇪 and in the Netherlands🇳🇱.
👀 NEWS HIGHLIGHT
Snoop uses Open Banking technology to connect to a customer’s bank accounts and credit cards, sifting through the data to find money saving opportunities on bad deals, poor value renewals and wasteful subscriptions.
The acquisition will provide Snoop with significant scale, allowing access to Vanquis Bank’s 1.7 million customers, as well as with fresh capital to grow the business.
📊 INFOGRAPHIC
📰 ARTICLE
What are the differences between BNPL (Buy Now Pay Later) and SNBL (Save Now Buy Later)?
Zalando has partnered with Savrr, a relatively unknown start-up until recently. Together, they offer German Zalando customers a new service: ‘save now buy later’, the counterpart of ‘buy now pay later’.
Elon Musk has begun a widespread, and sudden, rebranding of Twitter. Now becoming X, Musk has not been shy in explaining his ambitions to create an “everything app” which could encompass social media, e-commerce, payments and banking.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Onfido CEO Mike Tuchen: 'We’re unhooking ourselves from the drug of other people's money'.
⭐️ Monese XYB integrates with Paymentology.
⭐️ Form3 completes FedNow certification.
⭐️ Binance has withdrawn its application for a license from German financial regulator BaFin.
⭐️ Philippe Teixeira da Mota is launching his own FinTech fund named Shapers.
PAYMENTS
Unlimit and inDrive announced their global partnership, which will see inDrive leverage Unlimit’s proprietary payment infrastructure to strengthen its global expansion with local payments solutions in new markets.
ClearScore announced the launch of ‘Clearer’, a product that automatically repays people’s existing debt when taking out a debt consolidation loan.
Simpl announced the introduction of its innovative Checkout offering, Simpl Pay After Delivery (SPAD) to enhance trust and convenience for millions of customers across the country.
Mollie integrates with Klaviyo. Through the new integration, merchants of the two firms can now use their information collected from payment transactions within Klaviyo’s platform to personalise customer communications.
TotallyMoney partners with Bud to launch AI-powered payments tracker.
Rapyd acquires PayU GPO to expand fintech and payments solutions globally.
OPEN BANKING
Verestro is proud to announce the launch of its technologically advanced Bank-as-a-Service (BaaS) platform.
TrueLayer launches payment links, a new feature that enables businesses to offer instant payments, powered by open banking, directly from an email, text message or a QR code.
Koyo Loans has wound down its business and is passing its existing customers over to be managed by a third party.
Klarna has killed off its open banking brand Klarna Kosma a little over a year after launch, although the business will continue to operate as before.
CRYPTO
Ripple Europe chief Sendi Young on beating the SEC, expansion plans, and upending SWIFT.
Binance’s founder Changpeng Zhao drew scrutiny from german regulator.
DONE DEAL
eflow Global rides RegTech wave with £7m Series A financing. The freshly secured funding is targeted towards accelerating eflow Global’s growth, with a particular focus on expanding its influence in North America and Asia-Pacific.
AgenaTrader and TradersYard has secured a €3.5 million investment from Andromeda Capital Partners Suisse AG.
Bloom Money raised £1 million to digitize an informal financial management system employed by ethnic communities across the world.
Piece secures €650k to empower a young generation of property investors. The fresh capital will enable Piece to strengthen its real estate investor community, establish the necessary technological infrastructure, and streamline operations.
INVESTMENT
Travelex has launched a new automated, self-serve currency kiosk that affords customers more choice and convenience in their foreign exchange transactions.
Wahed is delighted to announce a strategic partnership with iWaqf to launch a dedicated Waqf feature. This collaboration represents a significant milestone in the development of innovative solutions to support charitable causes.
MOVERS & SHAKERS
Robinhood has tapped Jordan Sinclair to lead its renewed plan for a UK launch.
N26 announced the appointment of Carina Kozole as chief risk officer and managing director, effective later this year.
Stripe cofounder John Collison joins Sifted Summit.
FINTECH MAPS
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.
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