FinTech Europe | 2023 #8
FinTech Europe | 2023 #8
Weekly news up to Tuesday, 21st of February 2023
💶Last week, a total amount of €169.5m was raised across 10 European FinTech deals 👇
REPORT
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
FinTech Alliance announced a partnership with Seedrs to connect community companies, looking to raise capital.
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.
💡INSIGHTS
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.
🧐 ANALYSIS
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
⭐️ Enfuce has been selected by Starcart to offer its retailers and shoppers the speed, security and convenience of embedded virtual card payments.
⭐️ 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!
PAYMENTS
Retail customers of Computop, will now be able to use smartphones at the POS to accept contactless payments.
TWINT starts the new year by achieving the milestone of 5 million active users.
CLOWD9 is certified now on Mastercard’s Cloud Edge Network.
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.
HUBUC launches P1, a global card issuing and processing engine, becoming a Mastercard Network Enablement Partner.
Trustly and APEXX Global partner to offer modernized recurring payments experience.
UTP Group and Faster Processing partnered to launch Tapeeno, an app that turns any Android phone into a card reader.
Shieldpay partners with Fenergo to achieve perpetual due diligence and scale operations.
Visa, Froda and Lunar are announcing a global partnership and launching a new, innovative technology aimed at resolving these issues.
BNPL
ECOMMPAY announced the launch of its first BNPL-tailored product for UK travel businesses.
OPEN BANKING
AkoniHub formed a partnership with Gatehouse Bank plc to make its savings products available on Akoni’s cash management platform.
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.
Nordigen and a GoCardless teamed up with Fintellect, a financial app that helps businesses to manage and forecast their finances.
DIGITAL BANKING
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.
CRYPTO
Solvo launched the Solvo app, which is now live and available for users in the EU and UK.
The FCA joined forces with West Yorkshire Police to shut down illegally-operated crypto ATMs in Leeds.
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.
SOFTWARE DEVELOPMENT
Sikoia raised $6m in seed funding from MassMutual Ventures for its onboarding and verification platform for financial institutions.
INSURTECH
BNP Paribas Cardif and Lemonade partnered to offer home insurance for rental sector.
MOVERS & SHAKERS
Sequence appointed ex-Plaid executive Keith Grose as its new chief operating officer.
Deko appointed Joseph Tucker to the position of Chief Financial Officer.
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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