Global FinTech | 2022 #40
Weekly news up to Tuesday, October 4th, 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.
👀 NEWS HIGHLIGHT
Expense management fintech Payhawk is now launching a business credit card in the UK.
The new card quickly follows the release of the same product in the US last month, adding to its current debit card offering.
👉 Read the full Altfi article by Amelia Isaacs here.
😎 SPONSORED CONTENT
This newsletter is sponsored by our friends Mercuryo – a global payment network. Mercuryo makes business payments easy with crypto-powered products such as on- and off-ramps, virtual accounts with IBAN, and embeddable wallets.
Mercuryo will be exhibiting at Token2049 Singapore - come meet our friends to build the future of payments together.
👨💻 BLOG
Airbank doubles Open Banking connections with Klarna Kosma.
How German neobank, Airbank, doubled its open banking connections through an integration with fintech unicorn, Klarna.
👉 Read the full Bobsguide article here.
🧐 ANALYSIS
Last week €447m was raised across 16 European FinTech deals.
Read the full BlackFin Tech article by Régis Bouyoux here.
💡INSIGHTS
Market intelligence firm IDC has published the 2022 IDC Fintech Rankings, a listing of technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services.
👉 Read the full Fintech news Singapore here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Robinhood Web3 crypto wallet goes live on Polygon. Link here.
⭐️ Revenues at the Dublin unit of the Collison brothers-led Stripe last year soared by 66% to $2.255 billion. Link here.
⭐️ sync. has gone into administration, with Trusolv Business Recovery appointed as joint administrators. Link here.
⭐️ Know Your Partner launched its 3rd party enterprise risk intelligence platform to help companies manage their real-time financial and reputational risk. Link here.
PAYMENTS
WorldRemit’s parent company Zepz claims to have reached profitability. Link here.
Nine25 launches world first payroll/HR tech platform into Australia’s hottest jobs market. Link here.
Square launched Tap to Pay on iPhone to its millions of sellers across the U.S. Available within the Square Point of Sale iOS app. Link here.
Ecospend forges partnership with QR-code based payment service app Peng. Link here.
Ebury enrols in Amazon’s Payment Service Provider Program. Link here.
BNPL
Apple reportedly delays 'buy now pay later' feature. Link here.
Tabby partners with Paymob to offer BNPL to Egyptian retailers. Link here.
OPEN BANKING
Barclays is set to take over the £12m contract. Link here.
Raisin Bank supports Wayflyer’s market entry in Germany. Link here.
Yodlee announced that Lumiant will become the first company to leverage Envestnet | Yodlee’s Consumer Data Right. The partnership enables Lumiant to reap the benefits of open banking by accessing real-time data from financial institutions. Link here.
CRYPTO
Lazerpay launches new crypto payment innovations and improves commerce in Africa. Link here.
Contis teamed up with NagaPay to launch a new crypto programme in the European Economic Area. Link here.
Celsius founder took out $10 million before pausing withdrawals and filing for bankruptcy. Link here.
Curve to launch new crypto rewards program. Link here.
Plum and Bitpanda launch crypto partnership. Link here.
INVESTMENT
Capchase announces integration with Xero to help UK small businesses access easy growth capital. Link here.
QED Investors acquires fintech headhunting firm Lingua Franca Search (LF Search). Link here.
eToro partnered with banking infrastructure provider OpenPayd to provide eToro’s European customers with instant withdrawals and deposits. 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.