Global FinTech | 2022 #41
Weekly news up to Tuesday, October 11th, 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?
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REPORT
The Fintech 250 is CB Insights' annual list of the 250 most promising private fintech companies in the world.
👉 Read the full CB Insights article, with the full list here.
👀 NEWS HIGHLIGHT
Binance was hacked, and around $100 million worth of Binance Coin was stolen. Hackers attacked a bridge between blockchains, but the situation is now "contained," the CEO of Binance said.
👉 Read the full Business Insider article here.
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📊 INFOGRAPHIC
Global payments revenues are expected to reach $3.3 trillion by 2031.
👉 Read the full Cision article here.
💬 INTERVIEW
This week I interviewed Pavandeep (Pav) Gill, better known as the Wirecard Whistleblower
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Mastercard launches crypto fraud-tracking solution. Link here.
⭐️ Aapka launches its affordable services now in the Middle East. Link here.
⭐️ A collection of UK business leaders has called on the government to axe the alleged “£5bn stealth tax” levied by card payments giants, claiming it is "crippling" British firms. Link here.
⭐️ Plum returns to the crowd after $5 million debt financing from Silicon Valley Bank. Link here.
⭐️ Mamo has been granted regulatory approval to operate from Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region. Link here.
PAYMENTS
Vodafone Qatar’s Infinity Payment Solutions (IPS) rolled out iPay, one of Qatar’s first licensed e-wallets. Link here.
Ingenico launches as an independent company following the acquisition by Apollo Private Equity Funds. Link here.
Curve announced a partnership agreement with wearable payments enablement leader Fidesmo. Link here.
Flutterwave wants to add more e-currencies as payment options for merchants after adopting Nigeria’s eNaira in September. Link here.
Fr33m3n is set to launch in Q4 2022 in the UK and Vietnam. Link here.
BNPL
Afterpay introduced a new payment solution that gives consumers even more choice, flexibility, and time to pay, with transparent terms to support responsible spending. Link here.
OPEN BANKING
Adyen is now offering open banking on its platform. This pay-by-bank solution was realized in partnership with Tink. Link here.
Validis partners with Aryza to power open finance for UK SME business lenders. Link here.
LuLu Exchange launches an open banking service platform in partnership with Wio Bank. Link here.
CRYPTO
Central Bank of Namibia enables payments in Bitcoin and other crypto. Link here.
INVESTMENT
Yubi is in line with the fintech firm’s long-term ambition of being ubiquitous to the debt ecosystem. Link here.
Five FS launches in the UAE and KSA markets. Link here.
FINANCIAL LITERACY
Innovate Finance launches startup academy for founders and CEOs. Link here.
MOVERS & SHAKERS
Mollie bolsters supervisory board with ex-Check24 CEO Christoph Röttele. Link here.
FINTECH MAPS
If you are a fintech startup and have over 100 questions send me an email, and maybe I can answer a few.