Global FinTech | 2022 #19
Weekly news up to Tuesday, May 10th, 2022
REPORT
Last week, €330m was raised across 14 FinTech deals.
👉Read the full BlackFin Capital Partners article by Romain Grimal here.
❗️ Want to read more detailed funding rounds in FinTech? Check out our weekly #donedeal newsletter with all the latest global funding rounds in FinTech!
👀 NEWS HIGHLIGHT
Apple faces a possible hefty fine and may have to open its mobile payment system to competitors after EU antitrust regulators charged the iPhone maker with restricting rivals' access to its technology used for mobile wallets.
👉 Read more here.
😎 SPONSORED CONTENT
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📊 INFOGRAPHIC
The COVID e-commerce bubble has officially burst, based on Q1 performance data coming into the market this month.
👉 Read the full Flagship Advisory Partners source article by Joel Van Arsdale and Pedro Giesta here.
📰 ARTICLE
How does B2B BNPL actually work? And will it become a multibillion-dollar market like its B2C cousin, or is it just another feature we’ll see other lenders adopt over time?
👉Read the full Sifted article by Amy O'Brien here.
👨💻 BLOG
For financial institutions, fintechs, and their customers, trust is vital. Read how data privacy has become the biggest priority in finance.
👉Read the full Payhawk blog by Trish Toovey here.
💬 INTERVIEW
Is BNPL the next big thing for fintech in Africa?
“The opportunity is very large,” says Babatunde Akin-Moses, the CEO and co-founder of Sycamore.
👉Read the full article by Tom Collins here.
💡INSIGHTS
Bank Indonesia estimated that digital banking transactions amounted to $2.25tn in 2021.
👉Read the full FXC Intelligence article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ BNPL unicorn Zilch has joined the FTA. Link here.
⭐️ Here are the European fintech entrepreneurs on Forbes 30 Under 30 list 2022. Link here.
⭐️ Is the US$10bn Decacorn the new Unicorn for FinTechs? Link here.
⭐️ BizPay cuts 30% of the workforce due to a “challenging market” for fintech. Link here.
PAYMENTS
Scalapay raised $27M in its Series B extension round of funding. Link here.
Hay Group launched Shaype. Link here.
According to the Bank of England, the value of cross-border payments could be over 250 trillion dollars by 2027. Link here.
Stripe announced a new product that plays to be the financial services layer for merchants. Link here.
Payful has secured its place on Enterprise City’s ‘Exchange Support Scheme’. Link here.
Hello Pay launches a new mPOS device. Link here.
Less than one in five banks currently offer an A2A product. Link here.
Adyen expands its global partnership with Afterpay. Link here.
Visa and Mastercard have announced their latest earnings. Link here.
BNPL
Klarna will start telling credit agencies who pays on time and who falls behind. Link here.
Tabby has teamed up with Visa and FinTech M2P to unveil the Tabby Visa Card. Link here.
OPEN BANKING
EMTECH and HaitiPay unveil the first CBDC Proof Of Concept for the Haitian Market. Link here.
Spare Technologies was granted a license as an open banking ancillary service provider in the Kingdom of Bahrain. Link here.
Yapily is announcing that it plans to acquire finAPI. Link here.
CRYPTO
Mode has sought to reset its business with the launch of a new bitcoin cashback scheme. Link here.
Gucci will accept cryptocurrency payments in some US stores at the end of this month. Link here.
Binance gets approved to run a crypto exchange in France. Link here.
33% of UK consumers have purchased cryptocurrency. Link here.
Scalable Capital is introducing crypto to its wealth management service with a host of new investment strategies. Link here.
Nigeria upgrades CBDC as crypto restrictions cripple the fintech industry. Link here.
Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments. Link here.
President Nayib Bukele announced the purchase of another 500 BTC leaving the total reserves of El Salvador at 2,301 BTC valued at $74 million. Link here.
INVESTMENT
Plum joins the ranks of the UK’s commission-free trading platforms. Link here.
MOVERS & SHAKERS
GoCardless hires former Mastercard exec Paul Stoddart as president. Link here.
Bitstamp appoints JB Graftieaux as new global CEO. Link here.
The Department of Finance Canada has named Abraham Tachjian the open banking lead. Link here.
NymCard has expanded its operations to Egypt and has appointed Omar El Moataz as Country Manager. Link here.
FINTECH MAPS
