Your Daily FinTech News - March 24th, 2022

Your Daily FinTech News - March 24th, 2022

Welcome to?your?daily?FinTech?news!

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FINTECH?NEWS

  • The world’s 6th largest financial institution, JPMorgan Chase counts $3.386 trillion in assets, a 26% yearly increase between 2019 and 2020. It has since taken over the UK.-based HSBC Holdings PLC as well as French BNP Paribas. C-Innovation?takes a look on?JPMorgan Chase & Co.?Notable Acquisitions and Investments.Read it here
  • Credit Kudos, a UK open banking startup that helps lenders make better decisions, has been acquired by US tech giant?Apple. Link here
  • Anne Boden, CEO and founder of?Starling Bank, said that as banking continued to shift online, a post office or a “shared branch network” would deliver face-to-face services to those that wanted it. Link here
  • Canada finally has its open banking lead.?PwC?Canada digital banking director?Abraham A. Tachjian?has been chosen to kickstart open banking efforts in the country, BetaKit has learned. Link here

DIGITAL BANKING?NEWS

  • Australian FinTech start-up?Cape?has raised $3.1m in pre-seed funding from backers including Mercury Capital’s principal partners Clark Perkins and Ben Hawter, Investible, and a bevy of angel investors including Stripe’s regional start-up lead?Tom Richardson?and a bunch of early Atlassian employees. Read it here
  • ChargeAfter - The Buy Now Pay Later Platform, a NYC-based Buy Now Pay Later (BNPL) consumer financing network, raised $44M?in Series B funding. Link here
  • OpenPayd, a payments and banking-as-a-service platform, has struck a deal with?Caxton, to speed up the UK fintech’s payment processing. Link here
  • The Nordic-based payment service provider?Avarda?chose European open banking leader?Aiia, a?Mastercard?company, to enable open banking payments through its white-label payment solutions for a wide range of retailers and merchants. Link here
  • PayPal?and?Venmo?are introducing a flat-fee structure on cryptocurrency trades of up to $200 in an effort to remove the "complexity of percentage-based calculations for the consumer." Link here
  • The Argentinian Financial Information Unit (UFI)?anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements. Link here
  • Buy Now Pay Later startups in Latin America could provide a way for lenders to finally reach the underbanked, in a region where the share of adults without significant use of a bank account averages around 50%. Link here
  • In an interview with?Gulf News,?Hamad Buamim, President and CEO of?Dubai Chamber of Commerce & Industry, discusses on how UAE and Latin America can engage in a win-win economic alliance. Link here?
  • Berlin-based?embedded/capital, a new fintech venture capital firm, announced their first fund to help the next generation of fintech founders with a total value of more than €100M. Link here
  • Anonymous VC review site Landscape has published the first list of the top 20 seed investors in Europe, based exclusively on feedback from founders. Link here
  • iink Payments, a Tampa, FL-based provider of digital payments network, raised $2.8M in Seed funding. Link here
  • finally, the fintech startup whose mission is to help small businesses automate their accounting and finance functions, announced a $95 million Series A, including both equity and debt. Link here
  • Bolt?and?Fanatics, Inc. are announcing a multiyear partnership whereby Bolt One-Click Checkout will soon power Fanatics’ owned, affiliate, and partner ecommerce sites. Link here
  • Toqio, the leading European Fintech SaaS (Software-as-a-service) company has announced its official launch in Spain. Link here

This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!

Regards,

Marcel van Oost

marcelvanoost.com


Zakaria Khan

Business Owner at TKT home made mosla products

2 年

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