Compliance Corner: Week 11 News RundownCompliance Corner: Week 11 News Rundown

Compliance Corner: Week 11 News Rundown

Staying up-to-date with the latest in fintech and crypto doesnโ€™t have to be overwhelming. In this roundup, we cover key developments across fundraising, industry trends, and compliance opportunities to keep you informed. Letโ€™s get started.

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๐—™๐˜‚๐—ป๐—ฑ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ถ๐—ป๐—ด

Investor enthusiasm remains strong in the fintech and crypto space, fueled by IPO speculations from a major fintech player and significant investments driving growth and innovation across the sector:

  • MoonPay secures a ๐—จ๐—ฆ๐—— ๐Ÿฎ๐Ÿฌ๐Ÿฌ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ฟ๐—ฒ๐˜ƒ๐—ผ๐—น๐˜ƒ๐—ถ๐—ป๐—ด ๐—ฐ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐˜ ๐—น๐—ถ๐—ป๐—ฒ from Galaxy, reinforcing its position in the growing crypto payments market.
  • RedotPay raises $๐Ÿฐ๐Ÿฌ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฎ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€ ๐—” round led by Lightspeed, to expand its crypto payment platform.
  • Curve ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐˜€ ยฃ๐Ÿฏ๐Ÿณ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป in a funding round led by Hanaco Ventures as it prepares for increased competition in the digital wallet space.
  • NymCard ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐˜€ $๐Ÿฏ๐Ÿฏ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฎ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€ ๐—• round to expand its Banking-as-a-Service solutions across the MENA region.
  • FLOWPAY, a Prague-based embedded finance provider, ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐˜€ โ‚ฌ๐Ÿฏ๐Ÿฌ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฑ๐—ฒ๐—ฏ๐˜ ๐—ณ๐˜‚๐—ป๐—ฑ๐—ถ๐—ป๐—ด to automate SME funding applications.
  • Utila ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐˜€ $๐Ÿญ๐Ÿด ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป to enhance its institutional digital asset wallet solutions amid the rising stablecoin adoption.
  • Oro Labs ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐˜€ $๐Ÿญ.๐Ÿฑ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฝ๐—ฟ๐—ฒ-๐˜€๐—ฒ๐—ฒ๐—ฑ funding to develop a tokenized gold protocol on Solana, making gold a more liquid and income-generating asset.
  • Qlarifi ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐˜€ ยฃ๐Ÿญ.๐Ÿฐ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฝ๐—ฟ๐—ฒ-๐˜€๐—ฒ๐—ฒ๐—ฑ funding to expand its BNPL consumer database.

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๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ก๐—ฒ๐˜„๐˜€

The fintech and crypto landscape is evolving rapidly, with major players making strategic moves to expand their market presence and enhance services. Here are some of the latest industry developments you should know about:

  • Rapyd ๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ฒ ๐—ฎ๐—ฐ๐—พ๐˜‚๐—ถ๐˜€๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ PayUโ€™s Global Payment Organization, expanding its presence in Latin America and Africa.
  • Adyen ๐—ฒ๐˜…๐˜๐—ฒ๐—ป๐—ฑ๐˜€ ๐—ถ๐˜๐˜€ ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ ๐˜„๐—ถ๐˜๐—ต Affirm, bringing the BNPL provider to the UK market.
  • Spendesk partners with Wise ๐˜๐—ผ ๐—ฒ๐—ป๐—ต๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฝ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜ ๐—ฐ๐—ฎ๐—ฝ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ for mid-market businesses.
  • Kraken Digital Asset Exchange agrees to ๐—ฎ๐—ฐ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ ๐—ฟ๐—ฒ๐˜๐—ฎ๐—ถ๐—น ๐—ณ๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ๐˜€ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ฝ๐—น๐—ฎ๐˜๐—ณ๐—ผ๐—ฟ๐—บ NinjaTrader for $1.5 billion, strengthening its derivatives offerings.
  • dLocal ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€ ๐˜„๐—ถ๐˜๐—ต Belmoney to facilitate cross-border remittances, strengthening its reach in emerging markets.
  • Checkout.com ๐˜๐—ฒ๐—ฎ๐—บ๐˜€ ๐˜‚๐—ฝ ๐˜„๐—ถ๐˜๐—ต Tabby to embed BNPL solutions for merchants in the UAE and Saudi Arabia.
  • Vivid Money ๐—ถ๐—ป๐˜๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐—ฒ๐˜€ ๐—ฐ๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—ฒ๐—ฎ๐—ฟ๐—ป๐—ถ๐—ป๐—ด ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐— ๐—˜๐˜€ as part of its growing financial services offering.
  • Atoa ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐˜€ ๐—™๐—–๐—” ๐—ฎ๐—ฝ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฎ๐—น to operate as an Authorised Payment Institution in the UK.

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๐—ข๐—ฝ๐—ฒ๐—ป ๐—ฃ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ถ๐—ป ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒ

For those of you seeking opportunities in compliance, here are some of the latest open roles at leading companies:

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A lot is happening in the fintech and crypto world right now. From big funding rounds and major acquisitions to new regulations and exciting compliance opportunities, the industry is buzzing with activity. Follow us for more updates and insights. Stay tuned!

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