US FinTech unicorn Alloy launches in the UK
Happy Friday FinTech Fanatic,
It seems FinTech funding gets a roaring start in 2023, or at least for the Nordics anyway ;-)
While we saw no less than 3 Nordic funding rounds yesterday , we can still keep our eyes on the region as yet another Danish company announced a major cash injection.
This time it’s neobank Lunar , headquartered in Aarhus, which raised €35 million . The money will be used to help accelerate Lunar's path to profitability.
They are not the only European FinTech attracting money, as London-based lending infrastructure provider Kennek closed a $4.5m pre-seed funding round to scale-up its European operations.
Yet again, congrats to all the teams!
Speaking about the UK, US FinTech unicorn Alloy is making its way into the Kingdom . The identity decisioning platform will open an office in London and announced key hires.
Alloy, which has some well-known companies in its portfolio such as Brex , Marqeta and Gemini , has so far raised more than $210 million, reaching a valuation of $1.55bn.
Launching the UK is part of their EMEA growth and global expansion.
In the slipstream of US Alloy setting foot in the UK, there was another transatlantic FinTech move.
Nigerian (but San Francisco-headquartered) FinTech Flutterwave expanded on the African continent .
Earlier this week the Kenyan government cleared fraud allegations against Flutterwave , now one of Africa’s leading payments technology companies, and announced it has received regulatory approval to operate as a payments and money remittance service provider in Egypt.
Rumors go Flutterwave has plans to list on the Nasdaq Stock Market and enter the lucrative lending market as it gears for more growth.
Thanks for reading this far, but this isn't all the news yet. Please find some other FinTech snacks listed below??
NEWS HIGHLIGHT
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INSIGHTS
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FINTECH NEWS
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Atlantic Money launches its cheap foreign exchange service across Europe. The company originally started in the U.K. with GBP as the base currency and nine different currencies on the recipient’s side. Since then, the company has expanded and is now live across 29 European countries.
GoCardless launches new function to “reap the benefits of B2B payments.” The new feature enables end-to-end payment processing capabilities for bank-to-bank payments including reconciliation, mandate management, reporting and refunds.
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FTX NEWS
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FinTech Meetup?in Vegas is just around the corner and I will start and close it with a bang. Join me and let's do this together! ??Sign up here !
M&As
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Habitto raises a further US$3.9 Million In pre-A financing round. Habitto is looking to take on the financial anxiety that the Japanese face about their future. The mobile offering connects savings, investment and life insurance products supported by digitally enabled financial advisors.
Tazapay raises US$16.9m Series A funding. The company plans to use the funds from this round to further scale its business across Asia and expand in regions where there is strong demand for its services.
Digital asset protection company Coincover raised $30 Million. The new capital will be used to recruit talent, update products and add partnerships to protect against crypto hacks or human error.
MOVERS & SHAKERS
BankiFi adds Steve Ellis to Board. Ellis’ addition to the team is just the latest in BankiFi’s recent dedication to the North American market . Ellis has over 35 years of experience in banking, leadership and financial services.
Silicon Valley Bank appoints new leadership. Ashraf Hebela has been named the new Head of Technology & Healthcare Banking for North America; and?Lewis Hower ?will step up to lead Startup Banking. Link here
Tuum appoints Edgardo Torres-Caballero as new Chief Revenue Officer. The appointment is part of Tuum’s wider strategy to support continued growth which also includes setting a strong focus on strategic partnerships as a key strategic pillar for expansion.
Metro Bank appoints Richard Saulet as MD consumer finance. He will now be responsible for leading and developing Metro Bank’s unsecured lending products , which include personal loan propositions under the RateSetter brand, according to the bank.
Looking to work with me in any of the following areas?
Cheers,
Marcel van Oost
Thank you for sharing!
Thanks for the mention Marcel van Oost!