FinTech Europe | 2023 #4
Weekly news up to Tuesday, 24th of January 2023
WEEKLY FUNDRAISING ACTIVITY
Last week, a total amount of €62.9m was raised across 11 European FinTech deals👇
TOP 10 DEALS EUROPE
35 mega deals have been closed this year (i.e. above €100M), it’s 45% less than in 2021. 🦄 Unicorn minting is clearly at risk.
Read the full BlackFin Tech article, with more stats and figures below 👇
REPORT
Check out The Paypers "Cross-Border Payments and Ecommerce Report 2022–2023".
The report provides helpful insights into some of the hottest developments from 2022 and industry trends in 2023.
REPORT
What were the most important events of 2022?
Check out this “Open Finance Mega Report 2022” by Let's Open
👀 NEWS HIGHLIGHT
Stripe became a strategic payments partner for Amazon in the US, Europe, and Canada processing a "significant" portion of the tech giant's total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, and more.
📊 INFOGRAPHIC
Demand for BNPL deals has surged among all age groups in the UK, including older people, who find themselves squeezed by the cost of living crisis and in need of short-term credit.
Read the full article by Financial Times below 👇
📰 ARTICLE
The UK’s FinTech sector will see a wave of acquisitions this year as cashed-up banks and investment firms will swoop in to buy struggling firms on the cheap, a top venture capital chief has predicted.
💡INSIGHTS
Since 2014, Holland FinTech has been mapping the FinTech landscape in the Netherlands.
🧐 ANALYSIS
Investors poured $2.9bn into climate Fintech companies globally in 2022, a record high up from $1.2bn in 2021, according to a new report by VC firm CommerzVentures.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Anyfin raised a $30m Series C round led by existing investor Northzone.
⭐️ PayPal is being investigated by Germany's antitrust regulator for possibly obstructing rivals and restricting price competition.
⭐️ Zasta will receive €60 million in debt to help make its tax refund product more competitive.
⭐️ Visa Debit is now also widely accepted in the Netherlands.
⭐️ Tranch raised $100 mil. in seed equity and debt funding.
⭐️ Scaleup secured $8m to bring its “digital CFO” platform to the UK.
PAYMENTS
HES Fintech announced a partnership with Acquired.com.
Nexi announced a five-year partnership with IBM to modernize its core payment technology.
Sprinque raised €6M in a Seed round of funding.
Wise upgraded its revenue growth projection for the coming financial year after a boost from the UK interest rate hike.
Currencycloud partnered with Vauban to enable the platform to be more accessible.
Revolut is currently “assessing the best time” to launch its native cryptocurrency this year.
Betterway raises €4 million in funding from Edenred to accelerate the development of sustainable corporate mobility.
Twitter may soon be implementing a new Coins feature, powered by Stripe.
Nova Credit received authorization to become the UK’s first cross-border credit reference provider.
Twinco Capital raised $12 million in an equity and debt round.
Visa and Fintech District have partnered to help expand the FinTech ecosystem in Italy.
BNPL
Zilch started reporting its 3 million customers’ borrowing data to UK credit bureaus.
Hokodo and Lemonway announced a partnership that will enable B2B marketplaces to offer buyers trade credit online.
OPEN BANKING
Trustly announced a strategic partnership with Nordnet.
Open Banking’s strategic working group finds “limited agreement” on the future UK direction of open banking.
Emma released Easy Access Pots that allow customers to earn up to 2.43% AER to more than 1.3m+ customers in the UK, thanks to a partnership with Bondsmith.
KapitalKontroll partnered with Neonomics to launch a fully automated debt collection system.
INSURTECH
Papara announced the launch of its insurance arm, bringing affordable, fair, and fast insurance to users in Turkey.
DIGITAL BANKING
LendInvest announced further backing from Lloyds Bank, to enter the UK's £1.2 trillion homeowner mortgage market.
INVESTMENT
Dwello raised €600K to continue its growth after its first pilot phase.
Wahed opened a physical branch in central London and launched a new gold-backed debit card.
October secured a €35m funding line from the European Investment Fund and Dutch impact investor Invest-NL.
FRAUD PREVENTION
GSS raised $45 million in its initial funding round.
FINANCIAL LITERACY
Beurzbyte raises £2.2m in pre-seed funding from angel investors.
11Onze launched a website 11Onze Escola for Catalan teachers.
MOVERS & SHAKERS
Amir Nooriala left his role as chief commercial and strategy officer at Callsign.
tell.money appointed Teresa Connors as the new Non-Executive Chair of the Board.
Divido announced it has appointed Edoardo Volta as Chief Revenue Officer.
PrimaryBid appointed Fiona Richards as Chief Operating Officer.
Rob Rooney is taking the leap into fintech as CEO of HyperJar.
Dawn Capital promoted Dan Chaplin to partner on the back of a stellar fintech investment record.
Moneyfarm appointed former Virgin Money CEO and Snoop founder Dame Jayne-Anne Gadhia chair.
ECOMMPAY hired Moshe Winegarten as its Chief Revenue Officer.
Rupert Bedell joined Paysend as the Chief Marketing Officer.