Global FinTech | 2022 #28
Weekly news up to Tuesday, July12th, 2022
THIS WEEK’S FUNDING NEWS OVERVIEW
👀 Are you interested in funding news from the FinTech space?
💡 Read all about it in my weekly overview article and get the latest funding news from the global FinTech space in your inbox every week.
👀 NEWS HIGHLIGHT
Pelvo, a Sweden-based, B2B startup, has announced its new partnership with Yapily and Klarna Kosma.
The startup plans to release in Q4 a Platform-as-a-Service powered by Open Banking and Open Finance as part of their vertical offering. The benefits of combining Open Banking, Open Finance, and Open Data extend to how businesses operate while staying compliant and increasing engagement through business intelligence.
👉 Read the full The Paypers article here.
REPORT
Embedded finance is a growing trend across payments, banking, lending, wealth, insurance, and payroll verticals. Download Finch Capital's latest report on the evolution, current state, and future of embedded finance, with contributions from Stripe.
👉 Download Stripe’s & Finch Capital's The rise of embedded finance🚀 report here.
💡INSIGHTS
Check out Titans of Tech’s latest report on the FinTech Industry. The report is chockfull of valuable insights for FinTech founders in Europe.
👉 Dive right into the full GP Bullhound report here.
😎 SPONSORED CONTENT
This piece is sponsored by our friends from Mercuryo – an international company that creates a new generation of financial services for the business sector.
Recently Mercuryo published a Crypto Banking-as-a-Service report, believing that BaaS will revolutionize the crypto and fiat industries.
📊 INFOGRAPHIC
Despite the threat of a downturn in tech stocks and later-stage private valuations, Europe’s seed-stage companies had a strong June. Nevertheless, healthtech replaced fintech as the sector with most investments at the seed stage.
That trend was reflected in the three biggest rounds of the month: all were healthtech companies.
👉Read the full Sifted article by Freya Pratty here.
🧐 ANALYSIS
The use of e-wallets for cross-border payments has seen a boost in recent weeks, thanks to a number of key partnerships between e-wallet companies and payment providers.
👉Read the full FXC Intelligence article written by Kinda Chebib here.
📰 ARTICLE
The London Stock Exchange Group launched a new Review into FinTech Funding, with industry group FinTech London. The Review will look to bring together regulators, investors, and finance firms to address the rapid deterioration of the venture capital landscape for fintech.
👉 Read the full City AM article by Charlie Conchie here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️Check out the 🍁Canadian 🇨🇦 FinTech Report by Fathom4sight. Link here.
⭐️ ING and NXP Semiconductors have developed a payment method that involves pointing your mobile phone in the direction of the person you’re paying. Link here.
⭐️ Mauritius and Its Fintech Ecosystem 2022. Link here.
⭐️ Morocco fares better than most of its African counterparts. Link here.
⭐️ The founder and former CEO of Lanistar has launched a new business providing crypto and fintech companies’ content to media brands. here.
PAYMENTS
Shopify wants consumers to recognize the Shopify brand. Link here.
Sleek has secured a Major Payment Institution License from the Monetary Authority of Singapore. Link here.
PayMongo weans Philippines shops off cash by simplifying digital payments. Link here.
Stripe announced that Revolut will use Stripe to support payments in the UK and Europe and accelerate its expansion into new markets. Link here.
Sunday is pulling out of 60% of its markets and making extensive cuts to its global team. Link here.
Online payment gateways Razorpay, Stripe, and Pine Labs are among the top fintech firms that received in-principle approval from the Reserve Bank of India for a payment aggregator license, multiple sources aware of the matter told ET. Link here.
Visa announced that it is partnering with Flocash, to promote digital capabilities for African SMEs through digital payments, supplier solutions, and access to financial services. Link here.
OPEN BANKING
Spire is set to expand its operations in Bahrain and the MENA region through a 15 million BD investment plan, with support from the Bahrain Economic Development Board. Link here.
Dimply has signed a strategic partnership with TrueLayer that will see the latter’s open banking platform integrated into Dimply’s experience and engagement platform. Link here.
CRYPTO
The Bank of England’s Financial Policy Committee has called for widespread crypto regulation. Link here.
INVESTMENT
Seedrs has partnered with cloud paytech firm Form3 and core banking vendor LHV UK to enable real-time payments for account funding and reconciliation services. Link here.
BUX announced the completion of the rebranding of its derivatives trading app from BUX X to Stryk. Link here.