For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter 👇
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👀 NEWS HIGHLIGHT
Resistant AI and ComplyAdvantage, the financial industry’s leading source of AI-driven financial crime risk data and detection technology announced the general availability of their solution for fighting financial crime across the U.S. and Europe.
👉 Read the full Finextra article here.
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💬 INTERVIEW
Laura Camplisson sat down with Mark Aruliah and discussed how various regulatory bodies in the UK are approaching the opportunities and risks brought about by the growth of crypto.
👉 Read the full Fintech Talents interview here.
📰 ARTICLE
Stripe CEO praises European regulation over the US.
The European Union, for the moment, is edging ahead of the U.S. in creating an environment where fintech entrepreneurs and their innovations can thrive, Stripe CEO Patrick Collison suggested in comments made during DC Fintech Week.
👉 Read the full Paymentsdive article by Lynne Marek here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ ComplyAdvantage announced that Vatsa Narasimha has been named as the company’s new Chief Executive Officer (CEO), and Charles Delingpole, the company’s founder, and former CEO, will transition to become Executive Chairman. Link here.
⭐️ Wio Bank announces partnership with Stripe. Link here.
⭐️ Flux, the digital receipts startup founded in 2016 is closing down its receipts and cashback network in the UK. Link here.
⭐️ EY announced plans to establish a new Financial Services Technology Hub in the Midlands. Link here.
⭐️ Samsung Wallet launching in South Africa soon. Link here.
PAYMENTS
Paycell opened its office in Stuttgart as part of its expansion plans in European countries. Link here.
allpay Limited joined forces with Salt Edge. Link here.
Deutsche Bank and Fiserv have launched Vert, a comprehensive payment acceptance and banking services provider to SMEs. Link here.
The launch of Canada's Real-Time Rail payments system has been pushed back from the middle of next year to an as yet undetermined date. Link here.
Geidea announced the launch of its integrated point-of-sale (POS) solution. The company aims to revolutionize payment across the UAE. Link here.
NALA launched a new feature that allows the Kenyan diaspora to pay local bills in their home country. Link here.
PostePay and Mastercard launch a solution to digitize payment requests across Italy. Link here.
Geidea partners with Visa to bolster digital payments in Egypt. Link here.
Wirex announced the launch of USD Coin (USDC) on the Stellar blockchain within the Wirex app. Link here.
BNPL
Clan introduces swap now pay later to accommodate the growing segment of item upgrade finance across Africa. Link here.
Klarna CEO calls out Martin Lewis for slamming Deliveroo BNPL options. Link here.
Hokodo launches Shopify plug-in enabling B2B merchants to offer trade credit to customers. Link here.
OPEN BANKING
Finom started collaborating with Salt Edge to leverage PSD2 possibilities for SMEs and professionals across Europe. Link here.
allpay Limited joined forces with Salt Edge. Link here.
CRYPTO
Mastercard is looking to bring crypto to the masses by making it easier for banks to get involved. Link here.
BlueSnap is partnering with BitPay to enable businesses to accept and get paid out in crypto. Link here.
Nydig has laid off more than 100 people - about a third of its workforce. Link here.
Crypto educational wallet for teens Doshi goes live. Link here.
Coinsquare becoming Canada’s first crypto-asset trading platform registered as an investment dealer and IIROC member. Link here.
Crypto.com announced plans to invest €150 million in France to support the establishment of its market operations and regional headquarters in Paris. Link here.
INVESTMENT
Mastercard and Nclude partner to accelerate Egypt’s Fintech ecosystem and boost financial inclusion. Link here.
Fluro announced a £200m financing partnership with French bank BNP Paribas to "expand its balance sheet". Link here.
MOVERS & SHAKERS
Kraken has hired Gemini’s former head of Europe Blair Halliday as its new UK managing director. Link here.
Daniel Seifert joined Coinbase as vice president and regional managing director of EMEA. Link here.
Vivek Sharma will head up a brand new revenue and financial management team at Stripe after six years at Meta. Link here.
Cameron Winklevoss, the billionaire co-founder of cryptocurrency exchange Gemini, has stepped down from the board of directors of Gemini Europe. Link here.
Marqeta announced the appointment of Jeff Parker as its new SVP and Managing Director, International. 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.