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Hello TWIF UK & Europe friends,
A quick favour
Please continue to reply to this email, check your spam folders and mark TWIF as important to help us with our deliverability.
Thanks in advance!
We’ve got a few super exciting events coming up over the next 3 months - mark your calendars and RSVP early!
July 31st - London Fintech Breakfast- Start your day right with great coffee, even better conversations, and top fintech minds in London.
August 21st - Edinburgh Fintech Drinks- Fintech meets festival vibes. Join us for relaxed drinks during the Fringe!
September 21st - Fintech in the City with 13books- An unforgettable night of networking and celebration at Nobu, co-hosted with 13books.
Programming note: There will be no newsletter next Monday 4th August.
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.
🇪🇺 Credit infrastructure platform Credibur raised a $2.2m pre-seed round.
🇪🇺 Neobroker Lightyear raised a $23m Series B from Lightspeed and angels.
🇬🇧 Finance platform Monet raised a £17m round from Force Over Mass Capital and angels.
🇬🇧 Finance automation solution Xelix raised a $160m Series B from Insight Partners, Passion Capital and LocalGlobe.
🌍 Tax solution April raised a $38m Series B from Nyca Partners, QED, Team8 and others.
🌍 Alternative investment platform YieldStreet raised a $77m round from Edison Partners, Mayfair Equity Partners, RedBird Capital and others.
Challenger Banking 🚀
🇪🇺 Spend management provider Mynt is to partner with Nordea and offer SMEs its spend management solution.
🇬🇧 Neobank Monzo has migrated its wealth products to be powered behind the scenes by wealthtech Seccl.
🇬🇧 The FCA has proposed new rules around mortgages to make it easier to remortgage and save time and money.
🇬🇧 Wise's plans to relist in the US have faced pushback from the firms co-founder.
🌍 QuickBooks has added agentic AI to its enterprise suite.
🌍 Equifax and Mastercard are using open banking to increase access to credit in Australia.
Digital Assets ₿
🇬🇧 The UK government is mulling selling £5bn in bitcoin that it holds.
🇬🇧 The Bank of England is considering shelving its digital pound project over skepticism over the projects benefits.
🇬🇧 UK digital assets firm Archax is to acquire Deutsche Digital Assets as its expands into Europe.
🌍 Crypto custodian BitGo has filed for an IPO.
🌍 JP Morgan is planning on launching crypto-backed loans.
🌍 Coinbase has partnered with PNC Bank to offer its customers crypto trading services.
🌍 BNY is working with Goldman Sachs to utilise its blockchain platform to tokenise money market funds.
🌍 A trade group representing US banks is pushing back on crypto firm's pursuit of bank charters.
🌍 Tradfi giant Citadel Securities has warned the SEC against rushing tokenised securities.
🌍 Crypto exchange Binance has integrated Circle's USYC asset as collateral for derivatives.
Payments 💰
🇪🇺 Adyen signed SMB fintech Vivid as a customer for its payouts solution.
🇪🇺 PayPal is hiring 100 AI and data science jobs in Dublin.
🇬🇧Payment provider GoCardless signed Cashless as a customer for payouts.
🌍 PayPal has introduced scam alerts powered by AI for friends and family payments. It also announced global partnerships to connect many of the largest payment systems and digital wallets in a single platform, dubbed PayPal World.
🌍 Stripe has acquired payment orchestration provider Orum.
🌍 Workforce payment platform Branch has partnered with Lead Bank.
🌍 Block has agreed to pay $12.5m to settle a Cash App spam text violation in Washington state.
Longer reads/listens 📜
In A World of 1000 Stablecoins? 4 Key Questions - Tom Noyes
Stablecoin Winners and Losers - Tom Noyes
Internet of Payments - EQT Ventures
The mechanics of a Tokenization Engine - Giorgio Giuliani
👍 👎 Have feedback for us? Let us knowSee you next week!
