A wise move - TWIF UK & Europe (27/01)
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 Frank Rotman and Nik Milanovi? ????
Funding ??
Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom.
????Payment solution Qomodo raised a €13.5m Series A.
???? German SaaS lender Tapline raised €10m in debt and $10m equity in a pre-Series A round led by A15 .
???? Open banking platform Open Payments raised a €3m round led by Alfvén & Didrikson .
???? Private equity management platform Crescenta raised a €7m round from Kfund , FJ Labs and Acurio Ventures .
???? B2B lender Karmen raised €4.5m in equity from Seventure Partners and €4.5m in debt from Bpifrance and FINANCIERE ARBEVEL .
???? Investment fund management solution Fundment raised a ￡45m Series C from Highland Europe and ETFS Capital .
???? Billing platform Hyperline raised a $10m seed round from Index Ventures , Adelie Capital and angels.
???? Insurtech Weecover raised a €4.2m round from Nauta , astoryaVC , LA ROCA Capital , íope Ventures and others.
???? Financial wellbeing fintech Aslan raised a $5m round from Notion Capital and Redstone .
???? SaaS procurement solution Vertice raised a ￡50m Series C from Bessemer Venture Partners , Lakestar , 83NORTH and others.
?? Egyptian payments startup MoneyHash raised a $5.2m Series A.
?? Issuer processor Highnote raised a $90m Series B.
?? UAE expense management startup Pluto raised $4.1m in a pre-Series A.
?? Debt repayment fintech Method raised a $41.5m Series B led by Emergence Capital .
Challenger Banking ??
???? US neobroker Robinhood has created a localised version of its trading app for Spain as it expands across Europe.
???? Neobrker BUX , recently acquired by 荷兰銀行 has partnered with 美国道富银行 to provide customers access to its SPDR ETFs.
???? Revolut has launched credit card instalment plans for its credit card users. It also launched a robo-advisor in Singapore and instant access savings accounts in the UK with ClearBank .
???? Monzo Bank is preparing to go public in 2026 but its CEO and Board have different ideas about its IPO location.
???? Digital wealth app Chip – Your wealth app. released Wealthscore, a metric to deliver personal insights into financial wealth-building habits.
Digital Assets ?
???? Crypto bank AMINA Bank has removed custody fees for USDC and EURC.
???? Gemini is setting up a central European hub in Malta for its MiCA compliance.
???? Crypto.com has received an in-principle MiCA licence. It also launched an institutional grade exchange in the US.
???? Digital asset banking group Sygnum Bank accelerates its EU expansion with 法国兴业银行 's EUR stablecoin.
???? Investment manager Fasanara Capital launched a tokenised money market fund on the Polygon Labs blockchain.
领英推荐
?? The new look U.S. Securities and Exchange Commission has unveiled a crypto task force.
Upcoming TWIF Events
Join us for our next London fintech breakfast at the Shoreditch Treehouse with Vanta and CMS ! RSVP to secure your spot.
Traditional Banking ??
???? Santander is rethinking its presence in the UK with an exit under consideration.
???? Barclays is closing down its fintech accelerator programme Rise, created by Barclays .
???? 汇丰 is considering a sale of its Australian retail banking business. It also shut its one year old cross-border payment app Zing .
Fintech Infrastructure ??
???? Card issuer Marqeta is powering Trading 212 expansion in Europe through a debit card.
???? The UK government is preparing to launch a wallet and app for digital drivers licences and passports.
???? Income verification fintech Sikoia signed Tandem Bank as a customer.
?? Credit bureau TransUnion is buying the Mexican credit business of Buró de Crédito .
?? Broking infrastructure provider DriveWealth expands its fixed-income asset class offering.
Payments ??
???? The Dutch government intends to prevent BNPL in physical stores.
???? Canadian payments fintech Nuvei launched an omnichannel payment solution for the UK gaming industry,
???? Payments fintech myPOS acquired French cash register company Toporder by myPOS .
???? The Financial Conduct Authority is expecting to launch VRP and build out Open Finance in 2025. The regulator is also to remove the ￡100 limit on contactless payments.
?? American Express has paid $230m to resolve a DOJ allegation of misrepresentation.
?? Payment fintech Stripe has reportedly laid off 300 employees.
Pitch The Guild – Applications Open
The second edition of Pitch The Guild is happening on 20th February 2025 in London. Hosted by the Fintech Guild with Earlybird Venture Capital and Plaid , the event features:
If you're a fintech founder : ??? At Idea, Pre-Seed, or Seed stage ?? Building in Fintech, Payments, DeFi, Infra, Banking, Credit, etc. ?? Based in Europe (or remote)
?? Apply by 2nd February 2025 ?? Apply here: ?? Register for the event:
??Have a thought/question/comment about anything we covered? Start a discussion in the comments section below!
Longer reads/listens ??
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See you next week!