Global FinTech | 2022 #32
Weekly news up to Tuesday, August 9th, 2022
So here’s what you need to know about this month’s European FinTech Funding rounds👇
👀 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
Open Innovation in the Financial Services Sector.
With the FinTech industry maturing in the new era we’ve embarked upon, the ability to scale and grow collectively will only happen when the doors open.
👉 Download the full report by WhiteSight and NayaOne here.
🚀 OPPORTUNITIES
Kinly is hiring! Kinly is a financial services company helping Black America build generational wealth. They focus on improving financial livelihood through financial education, Black-focused spending, and wealth building.
Their current open positions include six open roles in engineering and marketing.
👀 NEWS HIGHLIGHT
Apple Pay is now available in Malaysia with three supporting banks, namely Maybank, AmBank, and Standard Chartered.
Malaysia is the second country in South-East Asia, after Singapore, to get Apple Pay.
👉 Read the full article here.
😎 SPONSORED CONTENT
Contis helps organisations unleash their true potential with award-winning, cloud-based Banking-as-a-Service solutions. With Contis you can put next-generation cards, accounts and apps in your customer’s hands.
📰 ARTICLE
Meet 26 rising-star FinTech VCs excited about what's next in the sector — even during a market and investing pullback:
👉 Read the full Business Insider article with the full list of VCs here.
💬 INTERVIEW
Latin America offers extraordinary opportunities to international merchants. But to be successful, it’s essential to know the payment characteristics and preferences of each region.
PayRetailers is a technological payment solution provider connecting Latin American (LATAM) consumers to global companies.
Selling to LATAM: Q&A with Ronald Rodríguez of PayRetailers.
👉 Read the full article here.
💡INSIGHTS
PayPal’s most recent earnings results spotlight the digital shift, as active user counts eclipsed pre-pandemic levels.
At the end of the second quarter, PayPal's active accounts stood at 429 million, up 6% year-over-year, and the tally includes 35 million merchant accounts.
👉 Read more stats and figures here.
🎤 PODCAST
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️Yapily has launched Yapily Virtual Accounts to bring more transparency to real-time payments. Link here.
⭐️3S Money obtains a Luxembourg license as an Electronic Money Institution. Link here.
⭐️Bounty raises $4.7M to help everyday TikTokers make money from reviews. Link here.
⭐️VibePay files cease and desist against Rakuten’s Viber Pay trademark in Europe. Link here.
⭐️Embedded finance emerges as one of fintech's hottest trends as investment slows to $53.5 billion in the opening half of the year. Link here.
PAYMENTS
EU Intellectual Property Office opens investigation into “ViberPay” trademark dispute. Link here.
Postpay launched an express payment service to support growth in e-retailing. Link here.
Consumers in Indonesia can now begin using PayPal after the payments company registered in that country as an electronic systems operator. Link here.
NETS and National ITMX Co., Ltd. announced the expansion of their cross-border QR payment collaboration. Link here.
Xente Tech acquires Central Bank PSO license. Link here.
CARDNET brings modern digital payments to Japan with ACI Worldwide Collaboration. Link here.
BNPL
KMS officially launches Kaypay - a BNPL commerce platform. Link here.
The Consumer Credit Oversight Board Task Force issued the Consumer Credit Act consultation paper; the new act seeks to regulate and consolidate all consumer credit activities under its umbrella and to promote fair lending and responsible conduct by credit providers. Link here.
A deal with Apple to power its BNPL strategy is helping position Mastercard for future success, writes Bloom's James Hickson. Link here.
The number of ‘buy now, pay later’ users is set to reach more than 900 million worldwide in the next five years. Link here.
CRYPTO
Wirex has expanded the Wirex Credit program to the UK and developed additional features. Link here.
Luno wins its registration battle with French authorities. Link here.
Crypto.com secures licenses in South Korea with acquisitions of PnLink and OK-BIT. Link here.
PROPTECH
SmartCrowd secures Saudi Fintech Licence. Link here.
FINANCIAL LITERACY
JPMorgan collaborates with Women in Tech for youth challenges in Singapore. Link here.
MOVERS & SHAKERS
Luno has announced the hiring of Thomas Tudehope, who come in as Luno's Global Head of Policy after a lengthy stint at Revolut. Link here.
FINTECH MAPS
