More shake ups on Klarna's board - TWIF UK & Europe (14/10)
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Please find another week of fintech news, financings and exits below.
Funding ??
Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom .
???? The European Investment Bank (EIB) is to boost funding for EU fintechs through an extension of European Tech Champions initiative.
???? Public market research solution Quartr raised a $5.9m round from Altos Ventures .
???? Treasury platform Round Treasury raised a $2.1m pre-seed round led by Passion Capital and included Simon Taylor , Ascension , Samos Investments and more.
?? Neobank Mercury has secured a $100m credit warehouse with Natixis to scale its credit card business.
Challenger Banking ??
???? Digital wallet Curve has increased fee-free spending limit to ￡100,000 and added 1% cashback on international spend.
???? Experian has partnered with Paylink and Oakbrook to bring debt consolidation loans to UK consumers.
???? Revolut , Modulr and Chase have signed up to 159 short-code phone service, allowing UK consumers to directly call their bank when worried about potential scams.
???? Revolut is to offer its business customers the option to accept American Express cards. It is also seeking a banking licence in Colombia.
???? SaaS finance gateway Lemon has partnered with Shawbrook to launch a lending product to allow SaaS providers to be paid upfront for annual or multi-year subscriptions whilst offering customers monthly repayments.
???? Monzo Bank employees have the opportunity to take part in a secondary sale that values the bank at ￡4.5bn.
?? LendingClub and Pagaya are to acquire the assets of recently dissolved Tally .
Digital Assets ?
????Digital securities platform Assetera and exchange Archax have partnered to offer access to tokenized RWA in Europe.
?? 21Shares has formed a strategic partnership with Crypto.com to enhance crypto liquidity.
?? UAE has exempted crypto transactions from VAT.
?? Crypto.com has sued the U.S. Securities and Exchange Commission after receiving a Wells notice.
?? Ripple launches new transaction screening, HSM options and tokenziation and policy frameworks to its custody product. It also filed a cross-appeal as part of its case with the SEC.
?? 美国道富银行 is working on a tokenised bond and money market fund.
?? Stripe has reinstated crypto payments for US businesses using USDC on Ethereum, Solana and Polygon.
领英推荐
?? Ethena Labs is to invest its $46m backup fund in tokenized money market fund BUIDL, Mountain's USDM, Superstate's USTB and USDS from Sky.
Traditional Banking ??
???? 荷兰銀行 has introduced a tool in its app that tells consumers if an incoming call is actually from the bank,
???? TSB Bank was fined ￡11m by the Financial Conduct Authority for "woeful" systems and staff incentive schemes.
Fintech Infrastructure ??
???? Germany is to develop a digital identity wallet.
???? Payment provider GoCardless has renewed its contract with Moneybox .
?? Open banking platform Plaid introduced a Pay-by-bank solution for recurring payments.
?? Treasury Prime has integrated with ComplyCo to provide more regulatory oversight to banks.
?? Restaurant payment provider Toast has increased its processing fees and has enabled its clients to add surcharges onto customers bills.
Payments ??
???? Klarna and Danske Bank have partnered to allow the banks corporate customer to make recurring payments via Swish. The board of the BNPL provider is also removing a close ally of of the firms co-founder.
???? Payment provider Checkout.com has become the first PSP to launch Octopus, a leading payment method for online payments in Hong Kong.
?? Closed loop digital wallet solution Ansa has partnered with Plaid to add Pay-by-Bank for its customers.
?? Payment provider Stripe unveiled new features including more multi-processor support for Billing and Radar.
??Have a thought/question/comment about anything we covered? Start a discussion in the comments section below!
Longer reads/listens ??
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