Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #31
Weekly news up to Tuesday, 1st of August 2023
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.
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'.
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.
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.
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.
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.
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.
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
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.