Global FinTech | 2022 #46
Weekly news up to Tuesday, November 15th, 2022
For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter 👇
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REPORT
Fintech Saudi | فنتك السعودية released its fourth Annual Report 2021/2022, providing an overview of the FinTech industry in Saudi Arabia over the last year.
👉 Download the full Fintech Saudi report here.
REPORT
Instant payments in Europe in 2022 are at an inflection point.
With the SEPA Instant Credit Transfer scheme now with broad adoption throughout Europe and regulation planned to remove remaining frictions, payment operations teams are presented with a unique opportunity to build better experiences and make treasury workflows finally real-time.
👉 Read the full report by Numeral here.
👀 NEWS HIGHLIGHT
Klarna CEO accuses media outlets of "hypocrisy" over treatment of BNPL.
Sebastian Siemiatkowski, CEO and co-founder of the Swedish fintech, believes Klarna is getting unfair media coverage by media outlets compared to credit card firms.
In a tweet, Sebastian Siemiatkowski said the “hypocrisy was crazy!”
👉 Read the full Altfi article here.
😎 SPONSORED CONTENT
This issue is sponsored by our friends from Mercuryo, who build an all-in-one
crypto-powered payment solution and connect people to the ease of payments
Check why companies should offer crypto as a payment solution with Mercuryo.
📰 ARTICLE
The emergence of Open Banking, a paradigm allowing consumers to consent to third parties to get access to financial data through standardised APIs, is playing a pivotal role in forging the future of finance worldwide.
👉 Read the full WhiteSight report article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Binance is backing out of its plans to acquire FTX. Link here.
⭐️ Viva Wallet and Klarna enter Europe-wide partnership. Link here. Klarna amps up super-app aims with price comparison tool. Link here.
⭐️ Curve is in active discussions to acquire crypto lender BlockFi’s more than 87,000 credit card customers. Link here.
⭐️ Shieldpay announced its partnership with Checkout.com. Link here.
⭐️ Integrated Finance announced the launch of its ‘Fintech Foundation’ incubator. Link here.
PAYMENTS
Airwallex supports Lithuanian payment processor to send money to 149 countries. Link here.
Klarpay AG marks a significant expansion of its international payment capabilities with the launch of dedicated USD and GBP Accounts. Link here.
CRYPTO
Koinal adds Apple Pay to crypto purchase app. Link here.
INVESTMENT
Copper has $500m of insurance for digital assets in cold storage. Link here.
JP Morgan is opening a payments innovation lab in Athens as part of a wider Greek expansion. Link here.
GREEN FINANCE
Nexi launches Planet Care, a new sustainability-oriented service designed to raise awareness among the public. Link here.
MOVERS & SHAKERS
ACI Worldwide names Thomas Warsop interim CEO. Link here.
MANGOPAY named Ronen Benchetrit as its new chief technology officer, following the acquisition by Advent International. Link here.
Saxo announces the appointment of Simon Camilleri as Chief Operating Officer. Link here.
Freetrade appoints ex-Amazon dev Shahid Naveed as CTO. 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.