Global FinTech | 2022 #20
Weekly news up to Tuesday, May, 17th, 2022
REPORT
2021 was a record-breaking year for the Baltic States’ startup landscape with a total of EUR 1.6 billion in capital raised.
👉Read the full article here.
💰Do you want to read all about funding rounds in fintech this week? Check out our #DoneDeal Newsletter.
👀 NEWS HIGHLIGHT
Instagram begins testing NFTs.
“I want to acknowledge upfront that NFTs and blockchain technologies and Web3 more broadly are all about distributing trust, distributing power,” Mosseri says.
👉Read the full article here.
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📊 INFOGRAPHIC
The digital shift brings new opportunities to UAE freelancers and SMEs.
The study polled 300 SMEs and freelancers in the UAE and found that nearly half of the respondents indicated seeing a positive impact of the pandemic on their business.
👉Read the full fintech news middle east article here.
📰 ARTICLE
There is a growing prevalence of BNPL services in the Asia Pacific region, however even in Australia, its most mature market.
👉Read the full C-Innovation article by Javier Guevara Torres and Isabel Richardson here.
💡INSIGHTS
The fintech market in Vietnam is expected to grow to US$ 18 billion by 2024.
👉Read the full article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ The Malaysian fintech industry boasts a wide and diverse ecosystem comprising more than 230 companies. Link here.
⭐️ ComplyAdvantage launches a live sanctions tracker for Russia updates. Link here.
⭐️Coinbase Global’s first-quarter earnings report shows U.S.'s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users. Link here.
⭐️ Checkout.com announced its intent to acquire IDV startup, ubble. Link here.
⭐️Coinbase execs dismiss talk of Robinhood acquisition. Link here.
⭐️Calgary Fintech award launches with a $250,0000 cash prize for fintech startups. Link here.
⭐️Google Chrome adds virtual credit card numbers to keep your real ones safe. Link here.
PAYMENTS
MONET announced the beta launch of its revenue-based lending platform with dedicated Creator Business debit cards and accounts for creators. Link here.
Multigate.io leading the future of global payment gateway services in Africa. Link here.
Monoova and TrueLayer are partnering to harness financial and identity insights using Australia’s Consumer Data Right. Link here.
Google launched Google Wallet, a new Android and Wear OS app. Link here.
SurePay announced that it has partnered with Buckaroo. Link here.
Steven has chosen Enfuce as its payment card issuing provider. Link here.
Ebury acquires Bexs to expand its footprint in Brazil. Link here.
Juni has chosen provider B4B Payments to deliver their innovative financial services offering for eCommerce companies. Link here.
Mamo aims to expand to Saudi Arabia by 2023 and has set sights on Pakistan and Turkey. Link here.
The COVID-19 pandemic is considered to have had a significant impact on B2B payments. Link here.
BNPL
Klarna embraces hybrid working giving staff the option to stay remote. Link here.
BNPL firms offering 'indirect credit' must now be authorized by the Central Bank. Link here.
OPEN BANKING
TrueLayer and Lemonade Finance are teaming up to support money transfers from the UK to Africa. Link here.
Clear Junction announces a new service for open banking vendors. Link here.
CRYPTO
CryptoPunk bought for $1 million sells for $139,000 just 6 months later. Link here.
INVESTMENT
Uplinq announces partnership with Ranqx to accelerate digital lending to MSBS. Link here.
MOVERS & SHAKERS
Hawk AI appoints Steve Liu as US general manager. Link here.