Global FinTech | 2022 #39
Weekly news up to Tuesday, September 27th, 2022
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.
Bronze🥉!
Congrats to all of you listed and to those who are not. Keep sharing those updates for the FinTech community!
👉 Check out the full Onalytica list/article “Who’s Who in Fintech? Top 50 Influencers to Follow” here.
😎 SPONSORED CONTENT
Mark your calendar on the 14th – 15th November at The Brewery, London for this 2-day, must-attend festival of visionary ideas, practical innovation and deep dives into solving industry problems from a wide spectrum of financial services.
Featuring over 2,000 festival goers, including global financial institutions, merchants, brands, marketplaces, digital platforms, technology enablers, innovators and fintechs, represented by C-level executives, founders as well as innovation and digital transformation leaders from across the UK and Europe.
📰 ARTICLE
Looming BNPL regulation could be a 'disaster' for fintechs.
The Consumer Financial Protection Bureau said buy now pay later in the US is frequently used in-place of credit cards and that it is looking to regulate the sector under credit card laws.
👉 Read the full Savings article by Harrison Astbury here.
💡INSIGHTS
Top 8 most well-funded fintechs in Africa.
👉 Read the full Fintech news Africa article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Mastercard and noqodi to expand digital payment acceptance across UAE. Link here.
⭐️ Fintechs champion Tech Nation, as faces uncertain future. Link here.
⭐️13 major European fintechs launch the Open Finance Association. Link here.
PAYMENTS
MyPOS obtains e-money licence from the Central Bank of Ireland. Link here.
The FinTech industry has got a new player with the launch of Lidio. Link here.
Weavr updates product suite with Apple Pay and Google Wallet support for embedded cards. Link here.
Businesses in the Netherlands and Belgium will soon be able to apply for a merchant cash advance of up to €250,000 via their payments provider Mollie. Link here.
BNPL
Playter now able to offer up to £1m per year in funding to UK SME's. Link here.
Block brings buy now, pay later to Square in Canada. Link here.
Amazon and Affirm are extending their BNPL partnership to Canada. Link here.
OPEN BANKING
GoCardless takes open banking to France. Link here.
Spire Tech expands to Saudi Arabia. Link here.
Galaxy announced the addition of a team of global Open Banking/Finance experts as it looks to ramp up its product offering and presence across the MENA region. Link here.
CRYPTO
eToro received an In-Principle Approval to operate as a securities, derivatives and crypto broker in Abu Dhabi. Link here.
Coinbase becomes the first major global crypto exchange to successfully register with the Dutch Central Bank, allowing us to offer our crypto products and services to the Dutch market. Link here.
hi announces the world’s first debit card featuring NFT avatar customization, powered by Mastercard. Link here.
1M Aussies will enter crypto over the next 12 months — Swyftx survey. Link here.
INVESTMENT
Moneyfarm is expanding its investment range to include fixed allocation portfolios at five different risk levels. Link here.
MOVERS & SHAKERS
Trulioo appoints Affirm's Eric Morse as chief revenue officer. Link here.
BankiFi names Sensibill's Danny Piangerelli as new CTO. Link here.
OPPORTUNITIES
American Express is set to hire 1500 technology workers - including software engineers, coders and developers - by the end of the year. 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.