Global FinTech | 2022 #18
Weekly news up to Tuesday, May 3rd, 2022
THIS WEEK’S FUNDING NEWS OVERVIEW
👉 Download the Sokin app from the Apple App Store or Google Play Store today.
📊 INFOGRAPHIC
Regulatory Headwinds for BNPL.
👉 Read the full Flagship Advisory Partners article by Erik Howell and Elisabeth Magnor here.
👨💻 BLOG
PayPal’s Blockchain chief on the future of crypto in payments.
The remarkable increase in the adoption of cryptocurrencies over the last two years has laid the foundation for one of crypto’s loftiest promises.
👉 Read the full article here.
💬 INTERVIEW
Is crypto eating the world? In Sifted Talks, they asked their expert panel what the future holds for the crypto.
👉Read the full interview here.
💡INSIGHTS
The $7 trillion embedded finance and BaaS gold rush.
👉Read all about it in the article by Ron Shevlin here.
NOW, ON TO THE SUMMARYLAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Outfund scores £115 million to loan over £500 million to e-commerce firms this year. Link here.
⭐️Last week, €499m was raised across 15 FinTech deals. Link here.
⭐️ See all of this week’s FinTech deal activity. Link here.
⭐️ The commercial card space represents a huge opportunity for fintechs. Link here.
⭐️ Check out the Philippines FinTech Report 2022. Link here.
PAYMENTS
Jeeves raised USD 180m in their series C and quadrupled its valuation. Link here.
Atlantic Money has attracted a wealth of top-tier investors. Link here.
Stitch has launched a new payment offering for fintech companies. Link here.
Nium announced a definitive agreement to acquire SOCASH PTE LTD. Link here.
Ant Group announced the acquisition of payments platform 2C2P across Asia. Link here.
Edenred Belgium is revolutionizing its digital payment solutions in partnership with Mastercard. Link here.
Visa soars as cardholders spend in spite of omicron’s surge. Link here.
Cellulant partners NALA for overseas payments. Link here.
Rewire works with Paysafe to provide financial services to cash-reliant migrant communities. Link here.
A2A payments have undergone significant changes in technology and business models whilst witnessing a rise in new market entrants. Link here.
WhatsApp integrates real-time payments with its encrypted messaging service — powered by Mastercard Send™. Link here.
Plaid is announcing an expansion by three European partnerships. Link here.
The Monetary Authority of Singapore granted “in-principle approval” to fintech firms Revolut and Luno. Link here.
BNPL
BNPL has disrupted the purchase finance market. Link here.
Mondu moves into online B2B BNPL with BaaS support from Raisin. Link here.
Klarna is reportedly looking at raising further funds. Link here.
OPEN BANKING
Tink has announced the expansion of its open banking payments services. Link here.
Bonifii picks Mastercard as an open banking provider. Link here.
TrueLayer has created the industry’s first variable recurring payments (VRP) API. Link here.
Four benefits of open banking for banks. Link here.
CRYPTO
Crypto cards saw the launch of two new contenders: the Gemini Credit Card and the Nexo Card. Link here.
Change acquired a new Dutch license that will enable it to provide services with traditional. Link here.
Crypto-assets are bringing about “instability and insecurity” and creating a new Wild West. Link here.
BLOCKCHAIN / DEFI
The CV VC Global Report provides a helicopter-mapped synopsis of the booming sectors of the global blockchain ecosystem. Link here.
Venly has secured over €21m ($23m) in series a funding, to scale its web3 strategy. Link here.
INVESTMENT
Wombat has become the UK’s first investment platform to offer users cashback each time they invest. Link here.
First AML has secured a £15.6 million (NZD 30 million) Series B funding round. Link here.
Way2VAT launches world-first Smart Spend Debit Mastercard with Railsbank. Link here.
MOVERS & SHAKERS
BUX announced the appointment of Dan Zbijowski as its CMO. Link here.
Apollo Global Management hired Christine Moy to be its first head of digital assets strategy. Link here.
OPPORTUNITIES
Mozper is looking to hire for the following positions:
📉Sr. Operations Analyst 🇧🇷 / ⌨️User Experience Copywriter 🇧🇷
MoonPay is recruiting a number of founding engineers for its new HyperMint service, a platform it bills as Amazon Web Services. Link here.
