Re:cap Gets €125M Boost to Bring its Capital OS to the UK
Weekly news up to Tuesday, 15th of July 2025
👀 NEWS HIGHLIGHT
Two, a European B2B payments startup, raised €13 million in Series A funding to expand its U.S. business, founder Andreas Mjelde tells Axios exclusively.
Why it matters: B2B payments remain heavily manual and slow, tying up cash flow for both buyers and sellers.
How it works: Two provides B2B merchants instant payouts while offering buyers flexible terms, mirroring consumer-style checkout for the wholesale market.
📊 INFOGRAPHIC
🎤 PODCAST
Disruptions that will define the sector in 2025 by PagoNxt. The episode features insights from industry leaders, including Jose Luís Calderón (CEO of PagoNxt Payments), Beatriz Giménez (Country Manager of PayPal Spain), Paco Salcedo (Country General Manager and President of Microsoft Spain), and Arthur Bedel (Co-Founder of Connecting the Dots).
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Vivid launches Spanish IBAN with 4% interest for businesses and freelancers.
⭐️ Berlin FinTech re:cap gets €125M boost to bring its Capital OS to the UK.
⭐️ Deloitte and Azets probed over audits of collapsed UK FinTech Stenn.
⭐️ FinTech leads surge in London finance hiring.
FINTECH
Flagstone to launch up to 10 Cash ISAs by January 2026. Simon Merchant, CEO of Flagstone, comments: “Our Cash ISA products will offer competitive tax-free rates to savers who deserve to be rewarded for taking action and trying their best to make their money work harder for them“.
PAYMENTS
Deutsche Bank goes live with Swift Instant Cash Reporting. Through ICR, the bank's clients can collect real-time account and balance data via a single access point using the ISO 20022 data model and secure JSON format. Swift acts as the central connector, routing API pull requests from corporates to Deutsche Bank.
DIGITAL BANKING
The Italian Competition Authority has opened an investigation into Revolut. Regarding investment services, Revolut allegedly promoted the option of investing in shares, highlighting the absence of commissions and failing to clarify the presence of additional costs and the limitations that characterize commission-free investments.
CRYPTO
After Revolut, Bitstamp also suspends crypto trading in Hungary. People living in the country cannot initiate new crypto transactions on the Bitstamp by Robinhood platform, but they can still use the withdrawal, deposit, staking, and lending services.
PARTNERSHIPS
Worldline partners with commercetools to enhance payment solutions for e-commerce businesses. Customers can now access a diverse range of Worldline’s payment solutions, including local payment methods, multi-currency support, advanced fraud detection, and real-time transaction monitoring, all designed to ensure secure and efficient payment processing.
Debenhams taps Mangopay for wallet payments. The collaboration aims to simplify multi-seller payouts, optimise operational processes, and create a scalable foundation for seamless multi-vendor commerce. Keep reading
Weavr teams with Visa to offer embedded payments in the employee benefits sector. Weavr is now empowering SaaS companies to integrate Visa-powered financial products into their platforms, focusing initially on the rapidly growing sector of employee benefits.
DONEDEAL
Dutch AI FinTech Conpend secures majority investment from Cape Investment Partners. This strategic investment will significantly accelerate Conpend's growth ambitions, supporting its global expansion, enhancing product innovation, and broadening its customer base among banks and financial institutions worldwide.
EV payments platform Cariqa secures €4m seed funding. The company plans to use the new capital to further develop its infrastructure-first platform and scale its reach across Europe and into other markets. Continue reading
M&As
Alpaca buys WealthKernel in European brokerage push. The deal immediately provides Alpaca brokerage licenses in the U.K. and the EU, allowing it to bypass a lengthy regulatory licensing process. Continue reading
MOVERS & SHAKERS
N26 appoints Antón Díez from Trade Republic as Managing Director for Spain and Portugal. Díez brings over 12 years of experience in financial services. His mission is to expand N26’s customer base, strengthen user engagement, and promote digital banking across Iberia.