๐๐๐ป๐ฑ๐ฟ๐ฎ๐ถ๐๐ถ๐ป๐ด
Big week in terms of fundraising, strategic partnerships, and rise of digital assets. Investor enthusiasm remains strong in the fintech and crypto space, driving growth and innovation across the sector:
- FNZ ๐๐ฒ๐ฐ๐๐ฟ๐ฒ๐ $๐ฑ๐ฌ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป in new equity funding to accelerate its growth as a global wealth tech platform.
- Liquidity platform Turbine Finance ๐ฒ๐บ๐ฒ๐ฟ๐ด๐ฒ๐ ๐ณ๐ฟ๐ผ๐บ ๐๐๐ฒ๐ฎ๐น๐๐ต ๐๐ถ๐๐ต $๐ญ๐ฎ๐ญ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป to expand its financing infrastructure for private markets.
- Turkeyโs Sipay ๐ฟ๐ฎ๐ถ๐๐ฒ๐ $๐ณ๐ด ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป at a valuation of $875 million to boost its embedded finance offering.
- Pennylane ๐ฟ๐ฎ๐ถ๐๐ฒ๐ โฌ๐ณ๐ฑ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป to become the leading accounting and invoicing solution ahead of the European e-invoicing shift.
- Fรฉlix ๐๐ฒ๐ฐ๐๐ฟ๐ฒ๐ $๐ณ๐ฑ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐ ๐ for its WhatsApp-based stablecoin remittance platform targeting Latino immigrants.
- JUSPAY ๐ฟ๐ฎ๐ถ๐๐ฒ๐ $๐ฒ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐ฎ ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐ ๐ round to scale its payment orchestration technology across new markets.
- Ryft ๐ฟ๐ฎ๐ถ๐๐ฒ๐ ยฃ๐ฑ.๐ณ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป to provide an alternative to Stripe Connect and Adyen for acquiring banks.
- Bitcoin-backed lending marketplace Firefish ๐ฟ๐ฎ๐ถ๐๐ฒ๐ $๐ญ.๐ด ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐๐ฒ๐ฒ๐ฑ funding to grow its European crypto lending platform.
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๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ก๐ฒ๐๐
The fintech landscape is evolving rapidly, with strategic partnerships and acquisitions, major launches, and service enhancements. Here are some of the latest industry developments you should know about:
- Kraken Digital Asset Exchange and Mastercard announced ๐ฎ ๐ฝ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐๐ผ ๐น๐ฎ๐๐ป๐ฐ๐ต ๐ฐ๐ฟ๐๐ฝ๐๐ผ ๐ฑ๐ฒ๐ฏ๐ถ๐ ๐ฐ๐ฎ๐ฟ๐ฑ๐ for UK and EU users.
- Ripple ๐ฎ๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐ ๐๐ต๐ฒ $๐ญ.๐ฎ๐ฑ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฎ๐ฐ๐พ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป of prime brokerage firm
- Hidden Road, marking a major crypto M&A move.
- Revolut ๐ถ๐ ๐ณ๐ถ๐ป๐ฒ๐ฑ โฌ๐ฏ.๐ฑ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป by Lithuaniaโs central bank due to anti-money laundering control failures.
- Bitpanda ๐ฟ๐ฒ๐ฐ๐ฒ๐ถ๐๐ฒ๐ ๐ถ๐๐ ๐ ๐ถ๐๐๐ฅ ๐น๐ถ๐ฐ๐ฒ๐ป๐ฐ๐ฒ from Austriaโs FMA, becoming one of the first to comply under the new EU regulation.
- Weavr.io integrates B4B Payments - A Banking Circle Group Company ๐๐ผ ๐ฒ๐ป๐ต๐ฎ๐ป๐ฐ๐ฒ ๐ถ๐๐ ๐ฒ๐บ๐ฏ๐ฒ๐ฑ๐ฑ๐ฒ๐ฑ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐๐ผ๐น๐๐๐ถ๐ผ๐ป๐ with card issuing capabilities.
- Broadridge ๐น๐ฎ๐๐ป๐ฐ๐ต๐ฒ๐ ๐ฎ ๐ฑ๐ถ๐ด๐ถ๐๐ฎ๐น ๐ฎ๐๐๐ฒ๐๐ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ to help institutions scale crypto strategies in line with regulations.
- Taurus SA ๐น๐ฎ๐๐ป๐ฐ๐ต๐ฒ๐ ๐ฎ๐ป ๐ถ๐ป๐๐ฒ๐ฟ๐ฏ๐ฎ๐ป๐ธ ๐ป๐ฒ๐๐๐ผ๐ฟ๐ธ ๐ณ๐ผ๐ฟ ๐ฑ๐ถ๐ด๐ถ๐๐ฎ๐น ๐ฎ๐๐๐ฒ๐๐ with 35 banks to enable tokenised asset services.
- Allica Bank partners with Yapily ๐๐ผ ๐ฒ๐ป๐ฎ๐ฏ๐น๐ฒ ๐ผ๐ฝ๐ฒ๐ป ๐ฏ๐ฎ๐ป๐ธ๐ถ๐ป๐ด ๐๐ผ๐ฝ-๐๐ฝ๐ for SME business customers in the UK.
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๐ข๐ฝ๐ฒ๐ป ๐ฃ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ ๐ถ๐ป ๐๐ผ๐บ๐ฝ๐น๐ถ๐ฎ๐ป๐ฐ๐ฒ
Looking for new opportunities in compliance? Here are some of the latest open roles at leading companies:
- OpenPayd - Head of AML Compliance & MLRO
- OFX - Head of Compliance - Europe
- OCTA MARKETS CYPRUS LTD - Head of Compliance
- FindaNode - Head of AML
- CoinJar - Head of Compliance (Europe)
- Seven Seas Finance - Head of AML/MLRO
- Moonfare - Senior Compliance Officer
- Bybit - Regulatory Compliance Officer
- XproWire - Compliance Officer
- XM - Compliance Officer
- IUX - Compliance Officer
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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 product launches and exciting compliance opportunities, the industry is not slowing down. Follow us for more updates and insights. See you soon!
