Discover more from Marcel’s FinTech Europe Newsletter
FinTech Europe | 2023 #8
Weekly news up to Tuesday, 21st of February 2023
Crossover investors have bet heavily on FinTech and risen to key players in the tech ecosystem in the last few years.
Globally, Deep Tech and FinTech have been the top sectors for crossover investors in 2021 and 2022.
👀 NEWS HIGHLIGHT
The partnership will allow FinTech Alliance to connect community companies, looking to raise capital, with Seedrs. Once connected, the Seedrs team will assist them through the onboarding process, helping them set up a campaign on their platform.
😎 SPONSORED CONTENT
The Integrated solutions for startups and SMEs, with More than 45k Merchants, achieving more then 1 million transaction per day worth of $11million.
Factors contributing to the increasing number of layoffs include the improvement of Artificial Intelligence tools, a shift in business focus, tighter budgets caused by the pandemic or lack of investor funding, restructuring, unsustainable growth, and a merger or acquisition.
Open banking is a big success story 👊
Look back at some of the key milestones of Klarna Kosma in the UK open banking journey 👇
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Solaris will face a "permission proviso" with the German regulator, BaFin.
⭐️ Pliant announced successful completion of its Series A financing round, securing $28 million in capital from existing and new investors.
FinTech Meetup in Vegas is just around the corner and I will start and close it with a bang. Join me and let's do this together!
TWINT starts the new year by achieving the milestone of 5 million active users.
HedgeFlows launches following a £2m funding round.
Payoneer has been granted permission to operate an e-money license in the UK by the Financial Conduct Authority.
Visa, Froda and Lunar are announcing a global partnership and launching a new, innovative technology aimed at resolving these issues.
ECOMMPAY announced the launch of its first BNPL-tailored product for UK travel businesses.
The number of consumers and SMEs actively using open banking-powered services in the UK has reached seven million for the first time.
Open Banking payments transaction values will exceed $330 billion globally by 2027, up from $57 billion in 2023.
Saldo Bank launches banking operations in Lithuania.
Holvi reported a record result for January and confirms it is on track to double revenue in 2023.
N26 blows off a major acquisition of Dutch securities trader BUX.
Klink Finance received its initial authorization to offer its cryptocurrency services across the European Union.
BLOCKCHAIN / DEFI
Coinmetro buys blockchain-enabled fundraising platform Ignium for €4m.
The European Commission launched a regulatory sandbox to explore the use of distributed ledger technology.
BNP Paribas Cardif and Lemonade partnered to offer home insurance for rental sector.
MOVERS & SHAKERS
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.