Adyen pops - TWIF UK & Europe (19/08)
Hello TWIF UK & Europe friends,
Please find another week of fintech news, financings and exits below.
Tweet of the week ????
Funding ??
Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom .
???? European VC firm Balderton Capital raised $1.3bn for two new funds; a $615m Early Stage Fund IX and a $685m Growth Fund II.
?? Latam B2B cross-border payments fintech Conduit raised a $5m seed extension round.
?? Cross-border money transfer solution Sling Money raised a $15m Series A led by Union Square Ventures , Ribbit Capital and Slow Ventures .
Challenger Banking ??
???? Monzo Bank customers reported a technical outage on Tuesday leaving customers unable to make payments.
???? Science Card has launched e-money accounts for socially conscious spending.
Digital Assets ?
?? Bitget Wallet has hit 30 million users.
?? Tether.io is looking to double its workforce and expand its investment, development and compliance teams.
?? Crypto.com , Gemini and Coinbase have all opposed new U.S. Commodity Futures Trading Commission rules that would ban prediction markets.
领英推荐
?? MetaMask is rolling out a debit card created with 萬事達卡 and Baanx Group Ltd .
?? The head of Digital Asset Management at Fidelity Digital Assets has hinted stablecoins, tokenized Treasury's and on-chain credit might be part of its offering.
Traditional Banking ??
?? Customers Bank was hit with enforcement action by the Federal Reserve System .
?? 渣打银行 has launched an ESG linked Cash Account with fees and interest rates liked to clients ESG performance.
Fintech Infrastructure ??
???? GoCardless has joined the SPAA scheme, a scheme from the European Payments Council (EPC) to introduce premium open banking APIs banks card monetize.
?? Modern Treasury has expanded instant payment support for mutual clients at six banks.
Payments ??
???? European Banks had expressed concerns about the UK's plans to cap interchange fees to pre-Brexit levels for cross-border transactions made by EU customers in the UK.
???? Adyen has expanded to India and reported H1 2024 earnings with revenue +24%, TPV + 45% and EBITDA +32%. h/t to Jevgenijs Kazanins .
???? Klarna has launched a "balance account" to store funds as well as a cashback rewards feature at participating retailers.
?? 苹果 is opening up its NFC chip to third-party developers to enable competition with Apple Pay although they will charge a fee for access after the EU forced access to avoid legal issues.
?? Global payments platform Airwallex announced it surpassed $100bn in annual processing volume and $500m in ARR on its way for a 2026 IPO.
?? BNPL provider Zip Co integrated its payment method with Stripe for US merchants,
?? Have a thought/question/comment about anything we covered? Start a discussion in the comments section below!
Longer reads/listens ??
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3 个月Exciting to see Adyen's strong results and bounce back in the latest fintech news!