Glad tidings - TWIF UK & Europe (23/12)
Hello This Week in Fintech UK & Europe friends,
This will be the last edition of TWIF UK & Europe. We will be back in January. Wishing you all a Merry Christmas and a Happy New Year.
Please find another week of fintech news, financings and exits below.
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Tweet of the week from Nik Milanovi? and Bruno Werneck de Almeida ????
Funding ??
Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom.co .
???? AI chargeback management solution Kloutit raised €540k.
???? Payments app tiun. raised a €2.5m seed round from Blue Wire Capital , Founderful and Maximilian Lehmann .
???? One-click payment solution Volume raised a $6m seed round from United Ventures , Haatch , firstminute capital , Fabrick and seedX .
???? Stablecoin infrastructure platform BVNK raised a $50m Series B from Tiger Global Management , DRW Venture Capita, Coinbase Ventures and others,
???? Defi infrastructure solution Avara raised a $31m round from Alchemy and Faction VC .
???? Bike insurtech Bikmo raised a ￡4.8m round from Puma Private Equity.
?? Stablecoin payment solution Sphere raised a $5m round led by Coinbase Ventures and Kraken Ventures .
?? Banking platform Jiko raised a $29m Series C from Upfront Ventures , Airbus Ventures , Radicle Impact Partners and Red River West .
?? Neobank Current raised a $200m round.
?? Latam neobank Nubank led a $250m round into South African neobank Tyme Group .
?? Embedded lender Parafin raised a $100m round from Redpoint , Thrive Capital , Ribbit Capital , Notable Capital and GIC .
?? AI accounting solution Basis raised a $34m Series A led by Khosla Ventures .
? RWA blockchain network Plume raised a $20m Series A from investors including Brevan Howard.
Challenger Banking ??
???? Neobank bunq launched real-time text to speech AI transaction in its AI assistant Finn. It also launched its loyalty program and officially launched stock trading.
???? Property lender HBZ UK selected nCino, Inc. to power its buy-to-let platform.
???? Revolut has launched its Italian branch, enabling customers to get an Italian IBAN. It also extended its Revolut Pay security platform to include crypto transactions from next year.
???? Digital wealth solution Raisin is to improve compliance and customer experience through a partnership with open banking provider Salt Edge .
???? Neobank Monzo Bank has launched SignLive, enabling their customers to contact customer support using sign language.
???? Business bank Allica Bank has reached over ￡3bn in lending and ￡4bn in deposits from UK SMEs.
?? Travel and expense management solution mesh.Pay selected SoFi as its sponsor bank and Galileo Financial Technologies as its infrastructure provider.
Digital Assets ?
???? 法国兴业银行 has completed a collateralised transaction fully executed on the blockchain with France's central bank.
???? Digital asset custodian Zodia Custody received investment from Emirates NBD , a MENA banking group.
领英推荐
???? The European Banking Authority (EBA) clarified its view on the difference between tokenized deposits and e-money tokens such as stablecoins.
???? Bybit Fintech Limited is to stop serving french customers from January.
???? Blockchain based brokerage Securitize received approval in Spain enabling it to launch in Europe.
???? Digital asset custodian Taurus SA has partnered with Temenos to offer its digital custody solution to banks.
???? German bank DekaBank received a crypto custody licence from BaFin and European Central Bank .
?? Hong Kong published its Stablecoin Bill with a path to expand scope in the future.
?? DeFi project Ethena Labs launched its USDtb token, backed by BlackRock 's tokenized money market fund BUIDL.
?? Anchorage Digital received a BitLicense in New York.
?? Stablecoin infrastructure provider M^0 Labs is to provide the infrastructure for stablecoin issuer Usual 'sUsusalIM.
Traditional Banking ??
???? Lloyds Banking Group has had an advert banned by the ASA due to greenwashing.
Fintech Infrastructure ??
???? Nordic open banking platform Neonomics filed a complaint over anti-competitive practices in Norway's payments market.
???? Payment infrastructure provider Modulr is to provide Confirmation of Payee services to HM Revenue & Customs .
????Financial infrastructure provider FIS is set to acquire UK supply-chain financing platform DEMICA for $300m.
???? BaaS provider ClearBank has joined the Microsoft Azure marketplace.
???? Cross-border payments firm Wise signed 摩根士丹利 as a customer for its B2B platform to enable FX settlements for corporate customers.
?? Canada has announced an open banking framework.
Payments ??
???? Klarna has expanded its partnership with eBay to Europe. It also partnered with Neiman Marcus Group .
???? PSP Worldline has launched FlexPricing, enabling ISVs to implement flexible pricing strategies.
???? B2B lender and payment infrastructure provider Two has partnered with 荷兰銀行 to power the banks "Pay on Invoice" solution.
???? UK card payment provider Card Industry Professionals has been acquired by US payment firm Shift4 .
???? The Payment Systems Regulator is to introduce a cap on Visa and 萬事達卡 fees charged to UK merchants for purchases made by European shoppers. The PSR also called for better data sharing between banks and tech platforms to combat APP fraud.
?? BNPL provider Affirm is to sell $4bn of loans to Sixth Street .
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