Revolut stays hybrid - TWIF UK & Europe (24/02)
Hello TWIF UK & Europe friends,
Please find another week of fintech news, financings and exits below.
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Tweet of the week from Jevgenijs Kazanins and Tom Noyes ????
Funding ??
Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom.
???? AI accounting fintech Stacks raised $10m from General Catalyst and EQT Ventures .
???? AI powered financial advisory solution 73 Strings raised a $55m Series B from Blackstone , 高盛 , Broadhaven Capital Partners , Fidelity International Strategic Ventures and others.
???? Female investment network Female Invest raised a $23m round.
???? Crypto fintech Ziglu raised ￡5m at a ￡45m valuation.
???? Payment solution Capimoney raised a €17.2m Series A from Creandum , Y Combinator , firstminute capital , Raba Capital and more.
?? Neobank Mercury is in talks to raise a new round led by Sequoia Capital at a $3bn valuation.
?? US neobank Varo Bank has raised $29m of a targeted $55m fundraise.
?? Saving and investment app Twine raised a $2.3m round from AirTree Ventures.
?? Private equity due diligence solution DiligentIQ raised a $12m Series A from FINTOP Capital and JAM FINTOP .
Challenger Banking ??
???? Neobank Tomorrow has launched savings accounts powered by BaaS provider Solaris SE .
???? Neobroker Scalable Capital is to provide access to alternative investments, starting with private equity.
???? Credit card provider Yonder has launched top ups and payment reconciliation powered by BaaS provider Griffin .
???? Digital lender Salad Money has rolled out NatWest 's payment solution Payit.
???? Revolut has introduced Tap to Pay on iPhone in Germany and Romania through Revolut Pro. The neobank also announced it will continue with hybrid working despite moving into a new London HQ.
Digital Assets ?
???? 德意志银行 is to provide fiat deposit services to Hong Kong crypto exchange HashKey Group .
???? France's financial regulator has said that Bybit Fintech Limited is no longer operating illegally in the country.
???? Franklin Templeton brings its tokenized US Treasury fund to Luxembourg.
?? Korea is phasing in crypto access for corporates and professional investors but not financial institutions yet.
?? Robinhood is introducing crypto products in Singapore this year,
?? Crypto exchange Deribit is still in talks to be acquired by Kraken Digital Asset Exchange .
?? Digital asset custody firms BitGo and Copper.co partner to expand the latter's ClearLoop off-exchange settlement solution.
?? Digital asset marketplace Figure has launched YLDS, the first public security registered yield-bearing stablecoin.
?? The U.S. Securities and Exchange Commission looks set to dismiss its case against Coinbase with no fines or actions.
?? Crypto exchange Bybit Fintech Limited was hacked for over $1bn, the largest single hack in crypto history. The exchange remains fully operational.
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Traditional Banking ??
???? Commerzbank AG has partnered with Visa to upgrade its payment solutions.
???? BBVA has added AI-powered account and card management features to its virtual assistant.
???? 汇丰 has offloaded its Bahrain retail banking business to BBK (Bank of Bahrain and Kuwait) .
Fintech Infrastructure ??
???? A2A payment infrastructure provider Token.io signed payment orchestrator Fabrick Partners as a customer to expand Pay by Bank in UK.
?? Credit Bureau TransUnion is partnering with Credit Sesame for direct-to-consumer credit scores in the US.
Payments ??
???? Payment platform Market Pay is acquiring Nordic PSP AltaPay .
???? EPI's Wero digital wallet is being rolled out in Belgium whilst the Bancontact Payconiq Company brand name is disappearing.
???? Payment solution provider Surfboard Payments is offering tap-to-pay on iPhone for Swedish customers.
???? Payment provider Viva.com has acquired a majority stake in Austrian fintech fiskaltrust .
???? PSP Worldline has renewed its partnership with OP Financial Group , the largest retail bank in Finland.
???? PSP Checkout.com is the first acquirer to launch Visa Direct in the USA.
???? The Financial Conduct Authority and Payment Systems Regulator are to examine the digital wallet market to assess implications of increased usage.
?? Payment provider Shift4 has acquired payment provider Global Blue for $2.5bn.
?? 萬事達卡 has followed in Visa's footsteps and launched One Credential, a digital credential that can be linked to multiple funding sources across credit and debit.
?? The Federal Reserve System has pushed back the deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format.
?? Capital One and 发现金融服务公司 shareholders have both approved the merger.
?? Affirm and Shopify have expanded their partnership to include Canada with plans to also expand in the UK.
?? Have a thought/question/comment about anything we covered? Start a discussion in the comments section below!
Longer reads/listens ??
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Fintech Product Consultant | Product & Digital Strategy Leader | CPO | Advisor | Fintech Nerd
2 周Thanks for featuring my SME Lending deep dive Michael