BUX customers getting access to IPOs - TWIF UK & Europe (04/11)
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.
????Decentralised stablecoin platform Mento Labs raised a $10m round from HashKey Capital , Flori Ventures , W3, No Limit Holdings and more.
???? BNPL provider Zilch raised a ￡50m securitisation facility.
???? Payments app VibePay raised ￡5m in funding.
???? Data science for financial services solution Auquan raised a $4.5m round from Neotribe Ventures and Peak XV Partners .
?? Bahrain payment provider Arab Financial Services raised $50m.
Challenger Banking ??
???? Neobroker BUX , owned by 荷兰銀行 , is to provide retail investors access to IPOs using technology from PrimaryBid .
???? B2B lender Levenue is to provide financing through a partnership with spend management solution Spendbase .
???? Neobank Lunar has signed Saldo Bank as a customer for its payment infrastructure.
???? B2B lender YouLend has signed payment provider Dojo as a customer to distribute financing to SMEs.
???? Neobank Starling Bank has launched a in-app tool to combat bank impersonation, following in the footsteps of Monzo Bank .
?? SMB lender Kapitus has acquired Ten Oaks Commercial Capital, LLC , as it expands into the equipment financing business.
Digital Assets ?
???? Franklin Templeton received approval from the Luxembourg regulator to launch a fully tokenised UCITS fund.
???? Boerse Stuttgart Digital , the digital asset arm of the European exchange, is to leverage Elwood 's digital asset infrastructure solution.
???? The Netherlands has launched a consultation on a proposed bill requiring crypto service providers to share their users data with tax authorities.
?? Crypto derivatives exchange Deribit is launching a hybrid custody solution to accelerate onboarding.
?? US prosecutors are investigating Tether.io for breaking AML rules. Tether.io reported $2.5bn in profits in Q3 and announced it holds $100bn of US treasuries.
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?? Crypto.com has overtaken Coinbase for spot volumes in North America.
?? Coinbase is integrating Visa Direct to enable real-time account funding. ITs shares slumped after its Q3 earnings missed. It also announced share buybacks.
?? Tokenization platform Securitize has crossed $1bn in tokenized onchain assets and launched a fund administration service.
?? Tokenised money market fund issuer Superstate has introduced real-time continuous pricing for its USTB fund.
Traditional Banking ??
???? 德意志银行 has partnered with Paysafe to enable the bank's customers to deposit and withdraw cash at retailers in Germany.
???? Lloyds Bank has launched Link Pay on its mobile app to request money from friends and family.
?? 花旗 has signed a multi0year cloud and AI deal with Google Cloud .
?? Capital One and Worldpay are partnering to improve fraud decisioning.
?? 富国银行 has rolled out Paze? to its customers.
Fintech Infrastructure ??
????Neobroker infrastructure provider DriveWealth secured a European Brokerage Licence from the Bank of Lithuania.
???? BaaS provider ClearBank is partnering with Visa to collaborate on card issuance and Visa Direct .
?? Card issuing platform Marqeta has launched Marqeta Flex, a BNPL solution that can be embedded in apps.
Payments ??
???? A Klarna investor has had its valuation increased to $14.6bn by an investor. It also signed a deal with Worldpay to become a default payment offering to merchants.
???? Adyen Tap to Pay on iPhone solution has gone live in new European markets; Sweden, Austria, Czech Republic, Ireland and Romania.
???? Wise CEO was fined ￡350,000 by the Financial Conduct Authority for failing to report tax issues.
???? PSP Online Payment Platform secured a UK EMI licence.
???? Cross-border payment solution Thunes is working with stablecoin issuer Circle to support stablecoin transactions.
???? Square is launching its business card product in the UK, the first market outside of North America to provide SMBs with instant access to funds.
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