Welcome to?your?daily?FinTech?news!
- Fintech?RITMO?has successfully closed a $200 million debt funding round led by?i80 Group?and?Avellinia Capital, making it one of the largest funding rounds of any e-commerce finance business in Europe and Latin America (LATAM). Link here.?
- Mastercard introduced Touch Card. A few months back?Mastercard?unveiled their new Debit, Credit and PrePaid card centred around providing better usability for blind and partially sighted consumers.?Link here.?
- Binance.US?raised over $200 million in its first external funding round, putting its pre-money valuation at $4.5 billion as it builds out a roadmap for an initial public offering (IPO), its CEO?Brian Shroder?told TechCrunch. Link here.?
- German fintech ExpressGroup, which wants to create more “tax justice” in the country, has landed a €25 million Series A funding round led by?Insight Partners?and?Project A Ventures. Link here.?
- Financial infrastructure startup?Fidel API?has raised $65 million in a Series B funding round led by?Bain Capital Ventures. Link here.?
- GoSolo, a?Financial Conduct Authority?FCA-regulated business toolset and banking app for founders based in the UK and internationally seeking to create a UK limited company and business account. Link here.?
- Tech-subscription platform?Grover?has just reached unicorn status after its latest funding round. Link here.?
- CarbonPay, a sustainable fintech platform that offers the planet's most impactful payment cards and makes everyday climate action simpler, announced the launch of its corporate prepaid offering, CarbonPay Business Ctrl. Link here.?
- Paysend, the UK-based fintech with over 6.5 million customers, announces a technology partnership with Afrimoney, the mobile money service provided by Africell, to enable money transfers to West Africa, specifically The Gambia and Sierra Leone. Link here.?
- Apple?doesn't want or need to be a bank to squeeze profit from booming buy now, pay later trend. Its new payment moves could simply be to strengthen its hold on the vast iPhone user base. Link here.?
- Meeting concerns over affordability checks in buy now, pay later loans, the UK's?Zilch?has partnered with?Experian?to begin reciprocal reporting of credit data. Link here.?
- Mollie, one of the fastest-growing payment service providers in Europe, today announced its partnership with leading subscription management solution,?Recharge, to offer an API-first, end-to-end subscription solution that provides unprecedented support for recurring payments and subscription management. Link here.?
- Bolt?Financial Inc., a payments-focused financial technology company, is acquiring crypto-services startup?Wyre?Payments Inc., according to people familiar with the matter. Link here.?
- The Treasury said on Monday that the UK is to launch a non-fungible token (NFT) in the summer, ‘stablecoins’ will be formally regulated, and the UK tax landscape will be made more crypto-friendly; all part of a drive to transform the UK into a leading “global hub for crypto assets”. Link here.?
- Social investment platform eToro is making a move into non-fungible tokens, launching a $20 million programme to buy blue chip NFTs as well as support up-and-coming creators. Link here.?
- Shares of?Robinhood?plummeted Friday after an analyst at Goldman Sachs, one of the investment banks underwriting the online brokerage's initial public offering last year, issued a bearish rating for the stock, extending a months-long decline that has wiped nearly $50 billion in value. Link here.?
- Toronto and Atlanta-based?Uplinq, which aims to revolutionize the credit lending process for SMBs, has just raised $3.5 million in pre-seed funding. Link here.
- Varun Paul, the head of the fintech hub at the Bank of England, has said he has left to take up a role at?Fireblocks, ending a nearly 14-year stint at the UK central bank. Link here.?
- Mastercard?has brought in?Julie Nestor?from Manulife to be its new head of marketing and communications and SVP for Asia Pacific. Link here.?
- There was a new venture fund announced every 10 hours in 2021.?In 2022 that has averaged every 8 hours, with over $80B in new funds raised this year. Link here.?
- Swedish-based company?Intergiro?announced that the company?Incharge, built to use Intergiro’s Banking as a Service solution Intergiro.3d, has created a banking services app specifically to aid Ukrainian refugees. Link here.?
- JPMorgan Chase & Co.?is planning to use its recently acquired stake in Greek payments firm?Viva Wallet (vivawallet.com)?to support lending to small businesses across Europe, an ambition that would introduce a rare cohesion to the continent’s fragmented banking markets. Link here.?
- Fintech firm?FinAccel?is plotting a move into digital banking and has acquired a majority stake in Indonesia’s Bank Bisnis Internasional as part of its strategy to build out its financial services offering. Link here.?
- What if the future of banking wasn’t a bank??The question posed in the slogan of?Neo Financial’s new marketing campaign shows that the FinTech startup is clearly positioning itself against Canada’s big banks. Link here.?
- Scroll Finance, a next-generation fintech providing smart financing solutions to homeowners, has launched its home equity loan and home equity line of credit (HELOC) products, powered by?Mambu’s cloud banking platform. Link here.?
- Piraeus Bank?is to build a new online-only independent bank for customers in Greece and the rest of the European market, capitalizing on digital trends in banking-as-a-service and buy now, pay later. Link here.?
- Starting on Wednesday, it will be possible for refugees who arrive in the Netherlands from Ukraine to open a current account with?ABN AMRO Bank N.V.?or another bank. Link here.?
- This time last year?Jamie Dimon, the CEO of?JPMorgan Chase & Co, one of the world’s largest banks revealed he saw financial startups an “enormous competitive threat to banks”, having added that his bank should be "scared shitless" by fintech. Link here.?
- Set for launch in the second half of this year, US challenger?Battle Financial?(Battle Bank) has selected?Temenos?as a key technology partner, adding to the Swiss vendor's growing roster of neobanking clients. Link here.?
- Men cashed bonuses that were worth almost what women cashed at?Revolut?last year, disclosures show. Britain’s most valuable private tech business reported a 96% gender bonus gap in 2021, a reduction of one percentage point from the previous year. Link here.?
- Berlin-based banking-as-a-service platform?Solarisbank AG?is launching a "women's network" dedicated to closing the gender gap in the fintech industry. Link here.?
- UK mobile-first challenger bank?MoneeMint?has hired banking veteran?Kevin Guy ACIB CCIBS?as its new chief operating officer (COO). Link here.?
This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!
