Global FinTech | 2022 #30
Weekly news up to Tuesday, July 26th, 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.
REPORT
Malaysia 🇲🇾 Fintech Map 2022
Malaysia’s fintech sector grew by 27% in 2021 to 294 fintech companies. Payments still dominate the industry, with 60 companies, followed by lending (55), e-wallets (43), and insurtech (31).
👉 Read the full Fintech News Malaysia article here.
REPORT
FinTech deal activity continues to weaken as higher interest rates, lower valuations, and economic uncertainty take their toll following a period of record activity.
👉Download the full Financial Technology Partners / FT Partners report here.
📰 ARTICLE
The number of new 🦄 unicorn births slowed in Q2’22, although the pace was still greater than any quarter prior to 2021.
👉Read the full article, with more stats and figures here.
👨💻 BLOG
What happened for European FinTech in the first semester of this rather chaotic year?
⭐️ 361 FinTechs raised money in H1 2022, equaling a total amount of €11.2bn.
Read the full BlackFin Tech article, with more stats and figures below.👇
💡INSIGHTS
BNPL's ultimate goal remains to be consumer-focused and beneficial no matter where it is adapted.
👉Read the full WhiteSight article by Sanjeev Kumar and Kshitija Kaur here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Airwallex announced the launch of its Airwallex Online Payments App on Shopify. Link here.
⭐️ Kenya’s launch of the Nairobi International Financial Centre making the capital a financial hub, shows the country’s openness as an economy and its confidence in its own ability to compete on the world stage. Link here.
⭐️ What have the developments of FinTech and wider digital been like in the Republic of Türkiye (Turkey)🇹🇷? Link here.
⭐️The new Google Wallet has begun appearing on phones in dozens of countries as the tech giant tries to reboot its mobile payments system. Link here.
PAYMENTS
BridgerPay announced a partnership with PrestaShop resulting in the release of their module for the well-known eCommerce platform. Link here.
SumUp announced the launch of SumUp Magic Pay, a QR code payment solution for the hospitality sector. Link here.
BNPL
Ablr is the latest to enter the Malaysian market under the buy now pay later space. Link here.
Zip said it was weighing an impairment charge on its new U.S. and European businesses, exiting Singapore, and “deprioritizing” a cryptocurrency offering, citing challenging market conditions. Link here.
Fairbanc provides BNPL for micro-merchants in Indonesia. Link here.
OPEN BANKING
Liberty Bank selects SavvyMoney as part of its digital transformation. Link here.
GoCardless and Xero partner for open banking payments. Link here.
Open banking maturity has soared across Europe over the last 12 months. Now in its second year, Yapily’s open banking league table has more insight, analysis, and understanding than ever before to illustrate who’s topping the metaphorical league and who’s missing the net. Link here.
CRYPTO
Gemini has made another round of layoffs, affecting seven percent of its staff. Link here.
Crypto billionaire owner of FTX sees potential for deals in LatAm. Link here.
Binance Australia Derivatives successfully launches crypto CFDs under an Australian Financial Services Licence. Link here.
The UK treasury unveils plans to regulate stablecoins as part of the new Financial Services and Markets Bill. Link here.
Coinbase has been granted approval by Italy's financial regulator to operate as a crypto assets service provider. Link here.
Zipmex announced that it will resume trade wallet withdrawals for its global and Singapore users. Link here.
BLOCKCHAIN / DEFI
Paystand introduced the “world’s first” dynamic discounting application “designed for seller accounts receivable teams and powered by Ethereum smart contracts.” Link here.
INVESTMENT
Plum is announcing its launch in Belgium. Link here.
Vantage announces the launch of its new social trading product, V Social. Link here.
MOVERS & SHAKERS
Curve has announced the appointment of Eyal Galina as Chief Product Officer. 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.