๐๐๐ป๐ฑ๐ฟ๐ฎ๐ถ๐๐ถ๐ป๐ด
Fintech investment remains strong, with major funding rounds fueling growth in payments, lending, and financial management. Companies like Flowdesk, Lenkie, and Flex secured significant backing, while JPMorgan Chase and myTU made strategic moves to expand services and address industry challenges. But thereโs more:
- Flowdesk ๐ฟ๐ฎ๐ถ๐๐ฒ๐ $๐ฑ๐ฎ๐บ, bringing its Series B to $102m, with backing from BlackRock and HV Capital.
- Lenkie ๐๐ฒ๐ฐ๐๐ฟ๐ฒ๐ ยฃ๐ฐ๐ต๐บ ๐ถ๐ป ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐ ๐ to address the UKโs ยฃ22bn SME funding gap.
- Flex ๐ฟ๐ฎ๐ถ๐๐ฒ๐ $๐ฎ๐ฑ๐บ to build an all-in-one financial management platform for businesses.
- JPMorgan Chase invests in FairPlayโs $๐ญ๐ฌ๐บ ๐ฟ๐ผ๐๐ป๐ฑ to reduce algorithmic bias in lending.
- Lithuanian banking platform myTU ๐ฟ๐ฎ๐ถ๐๐ฒ๐ โฌ๐ญ๐ฌ๐บ to expand services and pursue a full banking license.
- Cino ๐๐ฒ๐ฐ๐๐ฟ๐ฒ๐ โฌ๐ฏ.๐ฑ๐บ to bring its bill-splitting app to the UK.
- Split payments fintech ๐ฟ๐ฎ๐ถ๐๐ฒ๐ ยฃ๐ญ๐บ to enhance its payment solutions.
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๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ก๐ฒ๐๐
The fintech and crypto sectors continue to see rapid expansion, with key acquisitions, licensing milestones, and product launches shaping the landscape. Here are some of the latest industry developments you should know about:
- Fiserv ๐ฐ๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ๐ ๐ถ๐๐ ๐ฎ๐ฐ๐พ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป ๐ผ๐ณ Payfare, integrating the team into its operations.
- Ramp ๐ฟ๐ฒ๐ฎ๐ฐ๐ต๐ฒ๐ ๐ฎ $๐ญ๐ฏ๐ฏ๐ป ๐๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป after investors buy $150m in secondary shares.
- Currenxie ๐๐ฒ๐ฐ๐๐ฟ๐ฒ๐ ๐ฎ๐ป ๐๐ ๐ ๐น๐ถ๐ฐ๐ฒ๐ป๐๐ฒ from the Central Bank of Ireland.
- BVNK ๐น๐ฎ๐๐ป๐ฐ๐ต๐ฒ๐ ๐ฎ๐ป ๐ฒ๐บ๐ฏ๐ฒ๐ฑ๐ฑ๐ฒ๐ฑ ๐๐ฎ๐น๐น๐ฒ๐ to unify fiat and stablecoin payments globally.
- Wirex ๐ฒ๐ ๐ฝ๐ฎ๐ป๐ฑ๐ ๐ถ๐๐ ๐๐๐ฎ๐ฏ๐น๐ฒ๐ฐ๐ผ๐ถ๐ป ๐ฝ๐ฎ๐๐บ๐ฒ๐ป๐ ๐ฝ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ, Wirex Pay, to the U.S.
- Deus X Pay ๐๐ป๐๐ฒ๐ถ๐น๐ ๐ก๐ฒ๐ซ๐๐, a real-time, zero-cost stablecoin transfer network.
- Coinhako ๐ท๐ผ๐ถ๐ป๐ ๐จ๐ ๐ฐ๐ฟ๐๐ฝ๐๐ผ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ, Fusion Digital Assets (FCA registered)
- Ondo Finance ๐ถ๐ป๐๐ฒ๐ด๐ฟ๐ฎ๐๐ฒ๐ ๐๐ผ๐ธ๐ฒ๐ป๐ถ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฎ๐น-๐๐ผ๐ฟ๐น๐ฑ ๐ฎ๐๐๐ฒ๐๐ into Mastercardโs multi-token network.
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๐ข๐ฝ๐ฒ๐ป ๐ฃ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ ๐ถ๐ป ๐๐ผ๐บ๐ฝ๐น๐ถ๐ฎ๐ป๐ฐ๐ฒ
For compliance professionals looking for new opportunities, here are some great open roles at leading companies:
- OpenPayd - Head of AML Compliance & MLRO
- Aspire - Head of Compliance, Netherlands
- Admirals - Head of Compliance, Estonia
- Lidion Bank - Senior Legal and Compliance Officer
- Planet - Senior Compliance Officer
- Bybit - Market Abuse & Compliance Manager
- Yoursafe - Compliance Officer
- Pockit - Compliance Manager
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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 buzzing with activity. Follow us to stay tuned for more updates. See you soon!
