Global FinTech | 2022 #37
Weekly news up to Tuesday, September 13th, 2022
THIS WEEK’S FUNDING NEWS OVERVIEW
For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter 👇
👀 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
Demographic profiles of FinTech users in Southeast Asia:
👉 Download full Southeast Asia’s FinTech Landscape report by mcsaatchiperformance here.
👀 NEWS HIGHLIGHT
PayRetailers, the leading payment specialist in Latin America, announced the acquisition of Asamblo, a leading company in the development of digital solutions for the financial sector.
With the signing of the agreement, all of Asamblo's talent will become part of PayRetailers' internal workforce, expanding its IT project management capabilities and adding to its expertise across the region.
👉 Read the full Newswires article here.
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📰 ARTICLE
A 2022 map by the Dominican Association of FinTech Companies shows a wide and diverse FinTech ecosystem that comprises both local and foreign participants operating across varied subsectors including digital payments, alternative financing, neobanking, cryptocurrency, and insurtech.
👉 Read the full Dominican Republic fintech map 2022 article by ADOFINTECH + Fintech News Switzerland here.
👨💻 BLOG
Check out the latest Norwegian FinTech Map by TheFactory - Accelerator & VC.
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💬 INTERVIEW
Q&A with Spenda’s Chief Credit and Risk Officer, Corrie Hassan.
👉 Read the full Australian fintech article here.
💡INSIGHTS
Last week €75.3m, was raised across 9 European FinTech deals.
👉 Read the full BlackFin Tech article by Régis Bouyoux here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Celsius Network made "false and misleading claims" about its "financial health and compliance with securities laws", according to a court filing from the Vermont Department of Financial Regulation. Link here.
⭐️Revolut is launching a one-click payment feature called Revolut Pay in a bid to rival PayPal and other tech giants at online checkouts. Link here.
⭐️ African fintech companies have made significant inroads into the market over these past couple of years, with revenues reaching US$4 billion to US$6 billion in 2020 and average penetration levels of between 3 and 5%. Link here.
⭐️ Bolt rolls out a new omnichannel platform with Revolve. Link here.
PAYMENTS
Apple Pay has surpassed Mastercard in the dollar value of transactions annually, with its $6 trillion total meaning it's over halfway to equaling Visa. Link here.
Easy EP partners with Carta Worldwide to boost South European FinTech. Link here.
Direct Debit Marketplace will soon go live with its portal that would allow organizations to directly debit recurring payments due from their subscribers. Link here.
How Wise built the world’s first cloud-based card processing. Link here.
BNPL
Generation Start-up: how Splintr plans to disrupt the BNPL sector. Link here.
Apple Pay Later: How the new iOS 16 feature lets iPhone users BNPL. Link here.
OPEN BANKING
Tink brings open banking to SlimPay’s European merchants. Link here.
CRYPTO
What is a 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧? The diagram shows how fiat-backed stablecoin USDC is created and destroyed. Link here.
INVESTMENT
Tiger. Trade announced that Conor McGregor has joined the company as an Ambassador as Tiger. Link here.
UK fintech investment falls to $9.6bn. There were 262 fintech deals, including M&A, private equity, and venture capital, in the first half of 2022 down, compared with 341 in the same period of 2021. Link here.
MOVERS & SHAKERS
iBanFirst appointed Alain Lagabrielle as chief technology officer (CTO) and Diane Reille as a chief operating officer (COO) as part of a broader leadership team shake-up. Link here.
FINTECH MAPS
