Photo by Grigorii Shcheglov / Unsplash
Hello TWIF UK & Europe friends,
Please find another week of fintech news, financings and exits below.
Funding 💸
Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom.
🇪🇺 Fraud prevention fintech Acoru raised a €10m Series A from Adara Ventures, Athos Capital and 33N Ventures.
🇪🇺 Home insurtech Enzo raised a €6.2m round from Equity Pitcher, Silence VC and others.
🇬🇧 Revolut raised $3bn at a $75bn valuation.
🇬🇧 AI software for financial services Finster AI raised a $12m Series A from Fintech Collective.
🌍 Digital asset focused neobank Pave raised a $39m Series A from Accel, Wintermute, Tether, Quona Capital and Financial Technology Partners.
Challenger Banking 🚀
🇬🇧 Neobank Revolut received a Mexico banking licence, giving it the greenlight to start operations.
🇬🇧 Neobank Zopa launched an easy access savings account.
🇬🇧 Business bank Allica Bank acquired SME lending firm Kriya.
Digital Assets ₿
🇪🇺 Revolut secured a MiCA licence in Cyprus enabling it to expand its crypto trading service across the EEA.
🇪🇺 Swiss bank Sygnum launched a bitcoin-backed loan platform.
🇬🇧 21Shares, Bitwise and WisdomTree got FCA approval for Bitcoin and Ethereum ETPs.
🇬🇧 Zepz, formerly WorldRemit, launched a stablecoin-backed wallet.
🇬🇧 The FCA has sued crypto exchange HTX.
🌍 Coinbase is opening up its bitcoin rewards card to all Americas on its waitlist. It also acquired crypto investment platform Echo.
🌍 Crypto exchange Gemini launched a Solana credit card with auto-staking rewards.
🌍 Three Japanese banks are jointly launching a stablecoin.
🌍 President Trump has pardoned former Binance founder CZ.
🌍 Digital asset technology platform Fireblocks acquires developer platform Dynamic.
🌍 Money transfer service Zelle is to utilise crypto for international payments.
🌍 Digital asset prime broker FalconX is to acquire ETP issuer 21Shares.
🌍 Crypto exchange Deribit has joined Komainu's off-exchange settlement solution.
🌍 Payments firm Modern Treasury acquired stablecoin startup Beam.
🌍 JP Morgan is to allow clients to pledge BTC and ETH as collateral for lending.
🌍 Crypto exchange Crypto.com has applied for an OCC National Trust Bank Charter to allow it to expand its institutional custody business.
Traditional Banking 🏦
🇬🇧 Lloyds has partnered with hospitality provider Lolly on a Pay by Bank system.
Fintech Infrastructure 🚧
🇪🇺 Open banking provider Tink extended it's partnership with bill splitting app SplitWise.
🇬🇧 Open banking provider Plaid signed BNPL provider Zilch as a customer.
🇬🇧 Open banking provider TrueLayer is to acquire Nordic rival Zimpler as it expands its Pay-by-Bank offering.
Payments 💰
🇪🇺 Payment orchestration provider Gr4vy partnered with Mastercard.
🇬🇧 POS payment provider SumUp has launched in Mexico.
🇬🇧 Klarna launched a debit-first card in the UK.
🇬🇧 Payments provider GoCardless signed AI credit and debt-as-a-service company Clay as a customer.
🌍 Payments solution Shift4 is to acquire the North American business of Worldline.
👍 👎 Have feedback for us? Let us knowSee you next week!
