FOMO Alert: Key FinTech Moves Happening Right Now

Hi there, FinTech Fanatic!

Welcome to a new edition of "FOMO on FinTech News." My mission? To make sure you never experience that dreaded Fear Of Missing Out.

So let's not waste any of your valuable time and dive in with 8 FinTech Industry Updates you need to read??

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TOP NEWS

1?? Mollie has quietly obtained an EMI License. This license allows companies to issue e-money, offer their own payment accounts with local IBANs, and expand their payment services portfolio. Read on

2?? Paysafe Ltd. is exploring a sale after receiving takeover interest. The firm, backed by?Blackstone Inc.and?CVC Capital Partners, is working with a financial adviser as it explores options, sources who asked not to be identified told Bloomberg. Paysafe is also studying the potential disposal of non-core assets that could take place prior to the sale of the company, the people said.

3?? N26 is about to launch a bank account for businesses. The bank already offers consumer accounts and business accounts for freelancers. Now, it is stepping up and getting ready to compete with other neobanks that have already been offering these business accounts.

4?? Deel is welcoming General Catalyst as an anchor investor. The company aims to leverage its expertise and resources to further its mission of transforming the HR and FinTech landscapes. This strategic move is part of Deel's efforts to strengthen its financial position and expand its network of anchor investors.

5?? Payment Provider Rapyd is in talks to raise $?????? ?????????????? from investors at a $??.?? ?????????????? valuation, a dramatic decline from its value of around $?? ?????????????? in 2021. The company, which offers a digital platform for cross-border financial transactions and competes with Stripe Inc., intends to use the funding in part to acquire a payment processing startup, said one of the people, who asked not to be identified discussing private information.

6?? Revolut is finalizing the details of its official entry into Peru. The neobank has already hired an executive to lead its expansion and is now fine-tuning legal details to comply with regulatory requirements. The company has also partnered with Ripple and Zero Hash in a strategic move to list Ripple Labs’ RLUSD for seamless trading across markets. Revolut and Zero Hash customers will now access RLUSD on both XRPL and Ethereum networks.

7?? Coinbase has officially obtained a VASP registration from the FCA. Crypto exchange Coinbase is now the largest registered digital assets player in the UK, and can offer both crypto and fiat services. Crypto adoption in the UK is growing, with ??.?? ?????????????? adults now owning crypto.

8?? Adyen chooses Yapily to provide data services. The partnership will enable Adyen to deliver a streamlined onboarding experience for customers while strengthening their account verification processes. Merchants that use Adyen’s services can now welcome faster, more seamless, and highly secure onboarding experiences.

DEEP DIVES

?? Pix is used by ?????? ?????????????? Brazilians reaching 91% of the adult population??

Another interesting movement of Pix in Brazil ???? is the rise of P2B transactions??

?? A new report shows that Revolut is the UK's top founder factory.

This new report produced by Dealroom.co and HSBC Innovation Banking shows which UK startups have spawned the most other startups via their alumni??

?? ?? PayPal reported slowing growth in its card-processing business even as fourth-quarter earnings topped analysts’ estimates.

Let's dive in??

That's all folks. Enjoy your weekend and see you next Sunday! ??

Cheers,

Marcel