Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #5
Weekly news up to Tuesday, 31st of January 2023
Payments are now one of the most important parts of an e-commerce business’s operation, and vital to delivering an exceptional customer experience.
See Mollie’s 2023 E-commerce Playbook below 👇
Check the full report by Klarna Kosma below 👇
The Global Open Finance Index leverages insights gained from more than 400 Open Banking and Open Finance experts across 23 markets and is backed up by more than 150 secondary datapoints from partners including the World Bank, the IMF and Dealroom.
👀 NEWS HIGHLIGHT
Frasers Group launched a BNPL scheme for customers to purchase products on credit.
The new Frasers Plus service will cover items purchased from the group's brands, including House of Fraser, Missguided, ISawItFirst, Sports Direct and Flannels.
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Which region is leading the #openbanking pack?
Europe currently dominates the open banking market, accounting for 38% of global revenue in 2021 🥇
Chancellor Jeremy Hunt wants to turn the UK into “the world’s next Silicon Valley”.
The comment was directed at notable executives from major fintech and tech companies in the audience, including Revolut CEO Nik Storonsky and leaders from Monzo, Amazon, Meta, Microsoft, Apple and Google.
Zilch co-founder and CEO Philip Belamant shared an interesting blog post about their model and founding idea for Zilch.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ PSR Group completed a strategic acquisition into the rapidly growing Fintech sector PCN.
⭐️ Top Trends in Payments 2023 contains Capgemini’s perspectives on the top 10 trends for the months ahead.
⭐️ Liberis struck a €30m debt financing deal with Silicon Valley Bank.
⭐️ Hawk AI announced $17M in Series B financing to accelerate product development and global expansion.
⭐️ The Dutch FinTech map aims to bring some order to a vast and still rapidly expanding space.
⭐️ Lloyds Banking Group invested £4 million in Caura.
Airwallex is looking to expand its local team to support future growth in Lithuania and across the region.
Feedzai cut its workforce as the company begins restructuring in the face of challenging economic conditions.
Worldline announced the extension of a partnership with ING Bank N.V..
Unbanx launched an open banking tool that enables consumers to share their transactional data with popular brands in return for points-based rewards.
UK Treasury is on the hunt for a head of the central bank digital currency.
Klarna announced the launch of Money Story - a personal spending summary with useful insights into their customers spending habits.
Coinbase was fined €3.33 million for providing crypto services in the Netherlands without securing registration with the country's central bank.
Luno has informed staff that it is retrenching 35% of its global workforce.
Bitpanda launched an investment-as-a-service offering for crypto, allowing banks and fintech platforms to integrate trading services into their apps.
BLOCKCHAIN / DEFI
Sorare announced a new four-year licence deal with the UK’s Premier League, after a lengthy negotiation process.
PrimaryBid and Winterflood Securities signed a partnership that will see each offer the other's services to clients.
LiveMore Capital secured a credit facility of up to £250m from Citi taking total funding raised by the lender since inception to nearly £600m.
FINBOURNE announced a partnership with market-leading debt provider, Kreos Capital, to secure up to a £30 million debt facility.
Fagura.com successfully closed its second round of equity investments held on Seedrs.com, raising over EUR 780,000.
Augmentum invests €3m into German insurtech Baobab.
Dubai Investments acquired a 9% equity stake in Monument Bank, a UK-based challenger bank.
Salv raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.