Global FinTech | 2022 #24
Weekly news up to Tuesday, June 14th, 2022
REPORT
Growing numbers of traditional payment companies are entering the metaverse, but what potential does this emerging space present for the industry?
👉Read the full FXC Intelligence report by Joe Baker here.
REPORT
As BNPL has grown from a niche eCommerce payment method to a mainstream form of consumer credit, so has scrutiny from investors, regulators, and the public.
👉Read all about it in The Paypers "Who’s Who in Payments Report 2022" here.
👀 NEWS HIGHLIGHT
Mercuryo announced that Arthur Firstov, Brian Kruse, and Sam Spalter will be attending in CoinDesk's #Consensus2022.
👉Find more information here.
😎 SPONSORED CONTENT
The basics won’t do in today’s digital-first financial services world. To really succeed, you need to level up your risk decisioning capabilities wherever you can. And the best way to do that is artificial intelligence. Read Provenir's guide on how to simplify your AI decisioning journey and move beyond the hype in under 60 days.
📰 ARTICLE
How two Africans overcame bias to build a startup worth billions.
A pair of twentysomethings from Uganda and Ghana thought there was a fortune to be made bringing transnational financial services to Africa’s 1.2 billion people. With 5 million users, San Francisco-based Chipper Cash is just getting started.
👉Read this full amazing story by Jeff Kauflin here.
👨💻 BLOG
Firstbase announced a partnership with Wise to integrate the Wise Platform API into Firstbase Loop.
“Wise ensures that all businesses have a trustworthy and transparent solution to send money abroad, which is now accessible within the Firstbase operating system,” said Ryan Zagone, Americas Partnerships Lead at Wise. “By integrating with Firstbase Loop, newly incorporated companies around the globe can now send money safely and with ease.”
👉Read the full article here.
💬 INTERVIEW
Given the pressure on valuations less than a year later, did Visa ‘overpay’ in what will come to be known as the ultimate top-of-the-market transaction?
A categorial ‘no’, according to Visa Europe’s CEO Charlotte Hogg speaking at the Money2020 conference in Amsterdam.
👉Read the full article here.
💡INSIGHTS
Atlantic Council just updated their #CBDCTracker:
👉Link to the full article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Jeeves announced the launch of Jeeves Growth in the UK at this year's Money2020 in Amsterdam. Link here.
⭐️ Klarna CEO Sebastian Siemiatkowski speaks to CNBC following Apple’s Pay Later product launch. He defends the company’s “recession-proof” business model despite recent setbacks. Link here.
⭐️ ComplyAdvantage announced that Mark Watson has been named as the company's Chief Technology Officer and the newest addition to the leadership team. Link here.
⭐️How Emmanuel Macron pulled off a French fintech boom. Link here.
⭐️ FinTech Wales secures £1.6million investment from Cardiff Capital Region. Link here.
PAYMENTS
Mastercard partners with Checkout.com and Young Platform to launch Mastercard SendTM in Italy. Link here.
Razer Fintech, the fintech arm of gaming company Razer, has acquired PT E2Pay Global Utama, an Indonesian payments company. Link here.
LoopingOne announced that it has raised €800,000 in funding in its first Seed round from Ebury. Link here.
Statrys is doubling its office space and operations in Hong Kong. Link here.
Nexi and Zuora collaborate on an e-commerce payments gateway for subscription management. Link here.
Paysafe has partnered with APEXX Global to offer Paysafe’s payment processing services to APEXX Global’s merchant base. Link here.
Mollie has now clarified that the communication from Shopify was an error. Mollie customers using Shopify can continue using Mollie as their payment solution. Link here.
SplitCash is revolutionizing the shared payment experience for everyone. Link here.
Mollie and Sendcloud join forces to simplify paid returns. Link here.
OPEN BANKING
Comma has announced an integration with Silicon Valley Bank. Link here.
TrueLayer announced its collaboration with Curve. Link here.
Basiq has announced an Australian first as it launches Smart Payments, integrating access to financial data with payment services on the Basiq platform. Link here.
Yolt has partnered with Creditsafe, a multinational business intelligence provider. Link here.
CRYPTO
Checkout.com says it will settle payments for its merchants round-the-clock using stablecoins, making it the last major financial services firm taking the plunge into crypto. Link here.
MoneyGram delivers crypto-to-cash service via Stellar Network. Link here.
Wirex launches a payment method in Indonesia and Malaysia to purchase crypto on the app will make the Wallet easier to use. Link here.
Qonto and Coinhouse join forces to open up crypto to businesses. Link here.
BLOCKCHAIN / DEFI
Mastercard is working with a host of non-fungible token marketplaces to make it easy for people to buy NFTs with their cards. Link here.
MoneyGram and the Stellar Development Foundation announced the initial roll-out of a first-of-its-kind global on/off-ramp service for digital wallets to increase the utility of digital assets by creating a bridge between cash and cryptocurrencies. Link here.
INVESTMENT
Fundvest to release a new investment app in the Baltic countries. Link here.
MOVERS & SHAKERS
Ex-Klarna chief risk officer (CRO), Hanna Jacobsson, has been appointed as German insurtech wefox's new CRO with immediate effect. Link here.
Yapily is welcoming its new Chief Technology Officer, Noam Oren. 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.