Global FinTech | 2022 #16
Weekly news up to Tuesday, April 19th, 2022
REPORT
Andreessen Horowitz has advised numerous (FinTech-) startups from seed to pre-IPO on how and when to raise debt.
In this post, they cover the most common questions we hear, starting with the basics of how debt works, before breaking down the different debt options available at different stages and the current ecosystem of lenders.
👉 Read the full article here.
👀 NEWS HIGHLIGHT
Provenir, a global leader in AI-powered risk decisioning software, announced it has been selected to join TransUnion’s Strategic Alliance Distribution Program.
👉 Read the full article here.
🔦 Would you like to bring your company/service to the attention of tens of thousands of FinTech enthusiasts?
👉 Sponsor my newsletters and/or podcast episodes!
📊 INFOGRAPHIC
Jake Anderson has conducted a recent consumer research study on NFTs and Web3, surveying 5,118 consumers.
👉 Check out the results here.
📰 ARTICLE
FinTech continues to be the gift that keeps on giving to Europe’s founders.
They had VCs filling their coffers to the tune of $8.6bn in Q1, making it the most lucrative sector — a trend we also saw in every quarter of 2021.
👉 Read the full Sifted article by Tom Nugent here.
👨💻 BLOG
The metaverse is one of the hottest buzzwords in tech, and this far-reaching vision of a next-gen internet will rely upon an entire ecosystem of companies to make it a reality. CB Insights cuts through the noise to explain what the metaverse is, how it's being built, and who's building it.
👉 Read the full article here.
💬 INTERVIEW
McLean Roche’s Grant Halverson says the FinTech model is “growth at all costs” and “racking up enormous bad debts”.
A US corporate filing recently revealed Afterpay’s loss increased from $79.2 million to $345.5 million in the six months to December last year.
👉 Read the full Skynews article here.
💡INSIGHTS
More Britons have borrowed through buy now, pay later services since the start of 2021 than having taken out traditional debts such as bank loans or mortgages, according to new research.
👉 Read the full This is Money article here.
🎤 PODCAST
AI-powered risk decisioning is about more than just more accurate decisions and better predictability. Implemented correctly, AI positively impact the entire credit risk lifecycle.
Watch the interview with Carol Hamilton, SVP of Global Solutions at Provenir.
👉 Watch the full Fintech Finance video here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Fintech Meetup announced an in-person event scheduled for March 19-22, 2023 At Aria, Las Vegas. Link here.
⭐️ FTPartners research: The Blockchain Economy. Link here.
⭐️ Mercuryo partnered with payment gateway Volt to enable open banking payments for Mercuryo’s wallet. Link here.
⭐️ Paynt launches Acquiring-as-a-Service platform. Link here.
PAYMENTS
KoinWorks announced the launch of NEOCard. Link here.
Paymob has unveiled its expansion into Pakistan following ‘rapid growth’ in its home market of Egypt. Link here.
Tranglo has launched a comprehensive business payment solution. Link here.
Actuary announced a collaboration with Mastercard. Link here.
Answer Pay has connected to EBA CLEARING’s R2P messaging system to offer SEPA Request to Pay across Europe. Link here.
VС’s view on FinTech and B2B Payments Infrastructure startups. Link here.
BNPL
Pace Enterprise (Pace) announced that it has signed an agreement to acquire the assets of Rely a competing fintech startup offering BNPL services for an undisclosed sum. Link here. Also, Pace announced the launch of its virtual Pace Card. Link here.
CRYPTO
Bitfinex in collaboration with fiat on-ramp services provider OpenPayd, is enabling real-time Single Euro Payments Area (SEPA) payments for euro-denominated deposits and withdrawals. Link here.
Getting into crypto just got a whole lot cheaper (and healthier), as London-based tech company Sweatcoin prepares to launch a new token, SWEAT, that allows users to mint currency using just their shoe leather. Link here.
When Surojit Chatterjee walked on stage at a Coinbase Global Inc. conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue. Link here.
Bolt is to acquire crypto infrastructure provider Wyre. Link here.
PayMaya has reportedly launched a new cryptocurrency feature on its app, following in the footsteps of PayPal, Venmo and others. Link here.
Gemini announced the Gemini Credit Card™ is now available in all 50 U.S. states. Link here.
FIS has joined up with New York-based infrastructure company Fireblocks to provide its more than 6,000 capital markets clients access to a full suite of crypto trading and lending services. Link here.
Nexo, the leading regulated institution for digital assets, officially launched the Nexo Card, a first-of-its-kind crypto-backed Mastercard card, in select European markets. Link here.
Mastercard has filed 15 NFT and metaverse trademark applications. Link here.
MOVERS & SHAKERS
Esquire magazine has released its selection of the top fintech influencers in the Philippines. Link here.
OPPORTUNITIES
Mastercard announced that the doors of its campus-style European Technology Hub – ‘One South County’ – in Dublin, are officially open. Link here.
Provenir welcomes Varun Bhalla as the Country Manager for India. Link here. They also announced that Bharath Vellore has joined as the General Manager for APAC. Link here.
FINTECH MAPS
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.