🍎 Apple Pay Later launches for select group ☃️ Frost goes carbon neutral ahead of fundraise 🚀 Thunes raises $30m as part of Series C ✍️ Griffin strengthens leadership team with new CFO and CRO 📱 Ingenico acquires smartphone payment acceptance fintech Phos 💳 Mastercard, Visa in talks to buy Pismo
👩⚖️ Binance and founder allegedly violated rules to attract U.S. users 🏦 First Citizens Acquires Much of Failed Silicon Valley Bank 📉 Block short-seller claims ‘Wild West’ compliance 🤖 Big banks invest in generative AI startup Hazy 🇸🇬 Over 500k users have signed up for Singapore’s Trust Bank 🇮🇩 Indonesian Qoala raises US$7.5m Series B+ 🙏 Sibstar l…
🇸🇪 Mastercard acquires Swedish cyber-security firm Baffin Bay 🤖 GoCardless integrates with Zapier to automate payment processes 🥳 Monite doubles seed round to $10m 🎉 Wingspan raises $14M for payroll platform 🌱 TTV Capital raises $250 million for early-stage fintech fund 💸 Recognise Bank secures £25 million funding…
⬇️ Stripe raises $6.5bn, working on GPT-4 product 🤝 BNP Paribas and Hokodo work on BNPL innovation ⚛ Atom Bank chair to step down as digital lender prepares for listing 💳 Parker emerges from stealth with $157m funding 🚀 Ibanera lands $18.5m in capital investment
🇺🇸 Bank of America gets over $15b in deposits after SVB fails 💸 Bunq hits €2bn in user deposits 🇲🇽 Mexican FinTech Clara obtains $90m credit line 🇦🇺 Wirex lands in Australia 🇷🇼 Flutterwave obtains licenses in Rwanda. ⏰ NatWest sets daily crypto purchase limits
🎉 Apexx Global raises $25 million Series B 🇦🇪 Sav raises $750k pre-seed to revolutionize personal savings 🧹 tidely receives EUR 3.5 million seed financing 🌱 Web3 firm Cubist lands $7m in seed raise 😌 SVB's new CEO: ‘... business as usual’ 🪙 Swift completes CBDC sandbox test 💳 Nets partners with Visa and Mastercard £ Binance suspends GBP withdrawals…
Today's episode skips regular news stories. We'll discuss the collapse of Silicon Valley Bank, the events leading up to the downfall, and the possible impact on the market in the future. In tomorrow's episode, on March 14th, we'll go back to regular FinTech news stories and give updates on the SVB story as we go.…
🏷 Railsr announces sale ❤️🩹 Better.com’s SPAC gets lifeline but still problematic 🇬🇧 British Business Bank opens £70m Northern Ireland fund 🆔 Digital identity company Yoti raises £10m 🎉 Monnai raises $6.5 Million series A 🇩🇪 La Famiglia raises €255m to invest in seed & growth startups 🇨🇦 Synctera raises $15M for embedded banking in Canada…
👋 Silvergate Bank to voluntarily liquidate 👩🏫 Adyen launches 2023 EMEA Accelerator ⛏ Block announces development kit for bitcoin mining 🤝 Zilch & Yapily to use open banking for BNPL lending 🎉 Brex Brings Groundbreaking Tools to Finance Teams With OpenAI 🇫🇷 FinTech Aria receives €50M in debt funding
🚨 N26’s execs warned about ‘dysfunctional’ leadership 🚔 Senators urge regulators to take action on Zelle fraud 🤭 Blockchain trade finance firm Marco Polo reportedly enters insolvency 🇬🇧 BaaS platform Griffin secures UK banking licence 🤝 Weavr acquires Comma to combine embedded and open banking 👩⚖️ VibePay wins dispute as Rakuten withdraws Viber Pa…
⚠️ UK fintech Railsr to be sold as issues mount 🪙 Nubank rolls out "Nucoin" 70 million users 🚗 Mercedes-Benz turns car into payment device 📉 Revolut investor slashes $5bn off fintech's valuation 🙄 Silvergate "SEN" used to move funds to Exchanges 🇲🇽 Crypto exchange Bitso launch debit card in Mexico 💡 Smart lending fintech Abound raises £500 million …
🇳🇬 Flutterwave denies claims that N2.9bn was stolen by hackers 🤫 Binance execs' texts, documents show plan to avoid US scrutiny 🛒 Shopify and thirdweb Launch Web3 Commerce Development Kit 🇦🇺 Nuvei extends global expansion by launching in Australia 🇨🇭 Credit Suisse Loses Key Shareholder
🧮 Revolut's statement about reportedly "misstated" revenue numbers 😢 Stripe Cuts Valuation to $50 Billion After Facing Fundraising Hurdles 💳 Visa considers takeover of (FIS) 🚨 Crypto bank Silvergate warns on ability to survive ⏸ Visa, Mastercard pause crypto push in wake of industry meltdown 🇦🇺 Australian Central Bank Set to Launch CBDC Live Pilot …
🥳 Revolut's first full year profit ... 🤭 ... but Revolut’s 2021 numbers may be misstated, says auditor 🚨 Watchdog on alert for failure of Railsr 🛑 Coinbase suspends Binance stablecoin 👩⚖️ Former FTX director pleads guilty to charges 👋 Goldman considers losing Its consumer arm 🇬🇧 UK challenger banks overtake incumbents 💪 Thunes hires LatAm Head to …
😳 Binance moved $1.8B in stablecoin collateral 📉 Klarna posts $1bn annual loss, its largest ever 🧮 Sezzle reports profitable fourth quarter 🛑 Remitly to wind down digital banking app Passbook 🐂 eToro and Sentifi launch Social Sentiment Portfolio 🚀 Frollo launches Net Worth Tracker 🇺🇸 US FinTech Finch raises $40m 🧹 Spade collects $5m to clean transa…
📉️ Varo raises $50m in downround 🎉️ Revolut expects UK banking licence within weeks 🤭️ Zip loses $240m despite record revenue 🤝️ Western Union and Beforepay introduce 'send now, pay later' 🇬🇧️ Klarna rolls out UK late fees 📱️ CRED adds buy now, pay later and tap to pay offerings 🔎️ Filipino fintech Maya looks to raise $150m…
⚡️ MiFinity launches Open Banking product with Volt 🏦 Hundreds of Wells Fargo's mortgage bankers laid off 💵 Mastercard allows payment in Web3 via USDC 🗺 Remitly expands into the Middle East 🚀 TransferMate announces embedded payments solution for banks 🌱 Guava raises $650K pre-seed 🥳 Brale raises $11.1m to bring CeFi and DeFi together…
🛎️ Potential IPO for Monzo 🇭🇰️ Huobi and OKX apply for licences in Hong Kong ⚠️️ U.S. regulators warn of liquidity risks for Crypto deposits 🇰🇪️ FinTechs in Kenya raised $158m in 2022 ✍️️ Clarency taps Form3 for access to Swift network 📱️ Revolut launches in-app cashback feature 🇮🇳️ Telecom giant Airtel eyes a stake in Paytm…
🇵🇹️ Revolut Bank to become ‘branch’ in Portugal, offer more confidence. 👨⚖️️ Sam Bankman-Fried faces new criminal charges 🇫🇷️ Ingenico and Binance pilot crypto payments in French Stores ✍️️ Nuvei successfully closes Paya Holdings acquisition 📱️ Stripe expands Tap to Pay to Android 📈️ SPAC Bridgetown considers merger with fintech firm Hyphen 🇫🇮️ En…
🇺🇸 The U.S. is now Klarna’s biggest market 🗽 eToro recieves New York BitLicense 📈 Coinbase beats earning despite declining usage 🇯🇵 FTX Japan to allow withdrawals via local exchange 🚀 Swarm launches ETF trading platform using DeFi 🦓 Stripe launches Enhanced Issuer Network 👨⚖️ Mastercard and Visa face class action suit 💪 Finastra patners with Integ…
🇳🇱 Dutch neobank bunq becomes profitable 📱 Revolut most-downloaded banking app in Europe ✍️ Payoneer scores UK e-money license 🎉 TWINT hits 5 million active users 💿 Siam Commercial Bank will become digital-only 🇵🇭 HitPay and BillEase enable BNPL for SMEs 🇪🇺 European Commission opens blockchain sandbox 🇬🇧 7 million UK consumers and SMEs use open ban…
💳 Revolut launches cards program for Irish customers ✍️ Klink Finance gains EU licence 🇧🇷 Lanistar brings Google Pay to Brazil 💪 Fintellect and Nordigen team up to serve SME 😢 Chipper Cash downsizes again 🇮🇸 Icelandic Neobank Indó chooses AML provider Lucinity 🤝 MoneyLion partners with Column Tax for free tax services 🚀 Puzzle raises $15m series A …
✋️ N26 says on to major acquisition 💰️ Binance Moves $400 Million to Firm Managed by CEO 🇱🇹️ Railsr subsidiary "grossly, systematically" violating AML 💳️ Goldman Sachs steps back from new credit card programs 🇦🇺️ Paypal tells Australia it supports BNPL regulation 🇨🇦️ Plaid allows users to instantly verify identity in Canada…
📱 Apple BNPL to evaluate borrowers based on their devices 🇩🇪 German BaaS provider Solaris confirms regulatory restrictions ✍️ Zopa acquires DivideBuy 🇧🇷 Ebanx authorised by Central Bank payment initiator service 🤝 Visa and Froda partner; provide push-payments for SME loans 🌱 ModernFi raises $4.5 million seed by a16z…
🏦 Finastra explores sale of banking business 📈 Atom Bank makes London IPO intention clear 🔥 Nubank shows impressive Q4 earnings 🔒 Starling Bank now offers fixed savings rates for SMEs 🇦🇪 Hala acquires UAE-Based startup Paymennt.com 🪄 E-commerce disruptor Starcart partners with Enfuce 💰 Last week €185.5m was raised in 10 Europe FinTech deals 🤝 FinTe…
Today in the Connecting the dots in FinTech podcast: ⚖️ Wirecard chief Markus Braun denies charges in trial 🚨 Circle sounded alarm on Paxos ☠️ Bakkt kills off consumer app ✍️ FinWise Bank appoints Robert Keil as SVP 💸 Open Banking transactions exceed $330 billion by 2027 👼 Plus500 gives $100m back to shareholders 🇸🇻 Qredo partners up with LatAm neo…
Today in the Connecting the dots in FinTech podcast: 🧮 Atom Bank forecasts frofit for 2022 as deposits hit £6bn ✋ Paxos Will Halt Minting New BUSD Tokens 🤝 Adyen broadens partnership with FREE NOW ÷ FIS Announces Plans to Spin Off Merchant Business 👩⚖️ FTC orders MoneyGram to return $115m to scam victims 🚕 Jeeny partners with STC Pay 💸 Omnio compl…
Today in the Connecting the dots in FinTech podcast: 👋 PayPal CEO Dan Schulman to step down 🇳🇬 Bamboo secures digital broker licence from Nigerian SEC 📱 Leaf Wallet rebrands to BOSS Money 🇸🇦 KPMG Opens centre for Metaverse and Digital Twins 💸 Digital asset protection provider Coincover raises $30m
🙏 Revolut launched donations page to earthquake victims 🇺🇸 UK neobank Monzo doubles down on US expansion 👩⚖️ Kraken Faces SEC Probe over Unregistered Securities Listings 📉 Jupiter offloads its stake in digital lender Starling Bank 🌳 Green FinTech "ekko" opens up services to businesses and banks
📉️ Affirm’s stock plunges as it misses earnings 🚨️ Robinhood will try to buy back SBF’s shares 🇬🇧️ Fraud fighting US unicorn Alloy launches in UK 💰️ Danish neobank Lunar raised €35m 💸️ Lending infra provider kennek raises $4.5m
The 5 FinTech news stories for today: 1️⃣ Klarna adds Paris Hilton to its army of celebs 2️⃣ Gemini and Genesis Reach $100 Million Agreement Over Earn Program 3️⃣ India halts PayU's LazyPay in new crackdown 4️⃣ Nigerian digital bank Umba launches operations in Kenya 5️⃣ Danish startup Growblocks, nets $6M seed to prevent growth companies from growi…
Denario selects Klarna Kosma’s open banking platform to expand its connectivity beyond Europe. Silvergate investigated by US DoJ over FTX and Alameda. JPMorgan Chase is planning to build on the success of its UK digital bank by introducing a similar outpost in Germany. Judge dismisses class-action suit against Coinbase. FIS, a fortune 500 FinTech G…
Join us! NEWS HIGHLIGHT BlockFi files for bankruptcy as FTX contagion spreads. The crypto lender filed for bankruptcy protection on Monday (Nov. 28), and said it was filing for Chapter 11 bankruptcy protection, indicating it hoped to restructure, continuing operations in the meantime. Link here BREAKING NEWS Polish regulator UOKiK has initiated pro…
Today’s episode is sponsored by Klarna Kosma. Klarna Kosma is giving you essential open banking connectivity, not to 1 or 2, but 15.000 banks across 27 countries. Providing the base for you to build new payment services and better user experiences your customers will love. Visit kosma.com today, and give your ambitions superpowers! NEWS HIGHLIGHT A…
Join the club NEWS HIGHLIGHT Moss integrates with Klarna Kosma. Powered by Kosma, Moss customers will have real-time visibility of their liquidity anytime, allowing finance teams to produce more accurate reports. Link here BREAKING NEWS Revolut CEO at Slush: Tech scene facing ‘hangover’. “We’re back into this swinging mood,” says Nik Storonsky, who…
Join the club NEWS HIGHLIGHT FTX processed billions monthly in Africa before going bust. One of the startups affected by the collapse was Nestcoin, which has laid off some employees as FTX’s demise impacted its business according to the information shared in a tweet by CEO, Yele Bademosi. Link here BREAKING NEWS Afterpay and Zip react to proposed b…
Today Jumio is proud to announce the continued evolution of their Jumio KYX Platform with additional features that further enhance their intuitive, one-stop orchestration hub. The KYX Platform provides end-to-end identity proofing, risk assessment, and KYC/AML compliance management to help you fight fraud and financial crime. Learn more at Jumio.co…
Today’s episode is sponsored by Klarna Kosma. Klarna Kosma is giving you essential open banking connectivity, not to 1 or 2, but 15.000 banks across 27 countries. Providing the base for you to build new payment services and better user experiences your customers will love. Visit kosma.com today, and give your ambitions superpowers! NEWS HIGHLIGHT D…
BREAKING NEWS Plum ranked as the fastest growing fintech in the 2022 Deloitte UK Technology Fast 50. Plum’s CEO and co-founder, Victor Trokoudes, credits the company’s excellent performance for its exponential revenue growth over the past four years. Link here #FINTECHREPORT Check out the Latvian Fintech landscape review Autumn'22 by Venture Facult…
BREAKING NEWS The Australian Securities and Investments Commission (ASIC) has suspended the license of the Australian unit of FTX allowing the platform to provide limited financial services related to the termination of existing derivatives with clients. Link here #FINTECHREPORT Check out Frollo’s report on the State of Open Banking in Australia. T…
Connecting the dots in FinTech This podcast episode is sponsored by Hala. Hala is a leading fintech platform allowing SME's to manage their inbound and outbound payments in a simple yet safe way. It's a one-stop shop to manage the financials of your SME's. NEWS HIGHLIGHT Klarna Kosma opens up a FinTech platform to accelerate Open Banking use cases.…
Connecting the dots in FinTech NEWS HIGHLIGHT FTX says it could have over 1 million creditors in the new bankruptcy filing, hinting at the huge impact of its collapse on crypto traders. Link here BREAKING NEWS BlockFi prepares for potential bankruptcy as crypto contagion spreads. The company, financially entangled with the now-bankrupt FTX, is plan…
Connecting the dots in FinTech NEWS HIGHLIGHT Sebastian Siemiatkowski, CEO of Klarna, accuses media outlets of "hypocrisy" over treatment of BNPL in a tweet. The CEO believes Klarna is getting unfair media coverage by media outlets compared to credit card firms. Link here BREAKING NEWS Manchester fintech startup Boodil secures £525k funding to scal…
Connecting the dots in FinTech NEWS HIGHLIGHT Curve bids for BlockFi’s more than 87,000 credit card customers — whose credit cards have been suspended since Nov. 11. Negotiations are still in the process with Deserve, which services the BlockFi card program. Link here BREAKING NEWS Klarna has launched the search and compare tool to enable shoppers …
Connecting the dots in FinTech NEWS HIGHLIGHT Crypto billionaire Sam Bankman-Fried blamed himself for FTX's collapse in a series of tweets. FTX CEO apologized to users and acknowledged he had made mistakes. The post comes as the onetime hero of the crypto sector begs for billions of dollars to stave off bankruptcy. Link here BREAKING NEWS Plaid sus…
Join us: Connecting the dots in FinTech NEWS HIGHLIGHT Binance is backing out of its plans to acquire FTX, the company said Wednesday, leaving Sam Bankman-Fried’s crypto empire on the verge of collapse. Link here BREAKING NEWS J.P. Morgan and Mastercard modernize account-based payments with innovative 'pay-by-bank' solution, an ACH payment that use…