Fintech & Crypto Buzz Overview [Week 8]

𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴

The fintech sector continues to attract strong investor interest, with companies across payments, asset management, and credit services securing significant funding. Here’s a closer look at the latest funding activity shaping the industry:

• Capital on Tap 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 £𝟳𝟱𝟬𝗺 to support small business credit cards.
• Bitwise Asset Management 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟳𝟬𝗺, now managing over $12bn in assets.
• HSBC 𝗶𝗻𝘃𝗲𝘀𝘁𝘀 €𝟯𝟲𝗺 𝗶𝗻 ClearScore to strengthen its credit scoring services.
• Flanks 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 €𝟭𝟰𝗺 to automate wealth management processes.
• Kani Payments 𝗰𝗹𝗼𝘀𝗲𝘀 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 led by Maven Capital Partners.
• omnispay 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟭.𝟱𝗺 to enhance SME payments in the GCC region.

‍

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀

The fintech and crypto sectors are seeing major developments, from high-profile security breaches and regulatory fines to strategic acquisitions and partnerships. Meanwhile, innovation in payments and crypto services continues with new solutions launching across Europe and the UAE. Here’s a roundup of the latest industry moves:

• Bybit suffers a $1.4bn ETH hack, one of the biggest crypto heists.
• OKX 𝘀𝗹𝗮𝗽𝗽𝗲𝗱 𝘄𝗶𝘁𝗵 𝗮 $𝟱𝟬𝟱𝗺 𝗳𝗶𝗻𝗲 over AML violations in the US.
• Marqeta 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝘀 TransactPay to expand in Europe and announces a CEO change.
• PPRO 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 EPI (Wero) to enable unified payments for European consumers.
• BCB Group and BlockFills join forces 𝘁𝗼 𝘀𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲 𝗺𝘂𝗹𝘁𝗶-𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀.
• Montonio and Inbank 𝗯𝗿𝗶𝗻𝗴 𝗕𝗡𝗣𝗟 and Hire Purchase solutions to Latvia and Lithuania.
• Hubpay and Aquanow launch 𝗨𝗔𝗘’𝘀 𝗳𝗶𝗿𝘀𝘁 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗲𝗱 𝗰𝗿𝘆𝗽𝘁𝗼 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗴𝗮𝘁𝗲𝘄𝗮𝘆 for businesses.
• Avalanche 𝘂𝗻𝘃𝗲𝗶𝗹𝘀 𝗮 𝗩𝗶𝘀𝗮-𝗯𝗮𝗰𝗸𝗲𝗱 𝗰𝗿𝘆𝗽𝘁𝗼 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱 for global payments.
• Taurus launches 𝗮𝗻 𝗼𝗽𝗲𝗻-𝘀𝗼𝘂𝗿𝗰𝗲 𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝘁𝗼𝗸𝗲𝗻 standard for banks.
• Nexi and Klarna 𝗲𝘅𝗽𝗮𝗻𝗱 𝘁𝗵𝗲𝗶𝗿 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 to boost global AI-driven payments.
• ACE Money Transfer 𝗲𝗻𝗮𝗯𝗹𝗲𝘀 𝗿𝗲𝗮𝗹-𝘁𝗶𝗺𝗲 𝗿𝗲𝗺𝗶𝘁𝘁𝗮𝗻𝗰𝗲𝘀 through Mastercard Move.

‍

𝗢𝗽𝗲𝗻 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲

If you're looking for opportunities in compliance, check out these latest open positions at top companies:

• Stripe - Head of AML/CTF
• CoinJar - Head of Compliance (Europe)
• Perpetuals.com Group - Risk Compliance Officer
• PPRO - Compliance Associate - Group Compliance
• bunq - KYB Team Lead
• Wise - Senior Product Compliance Manager - Europe
• FNZ Group - Senior Compliance Manager
• Ria Money Transfer - Compliance Officer
• Multitude - Senior Regulatory Compliance Officer
• Tradu - Compliance Associate
• Upvest - Compliance Manager
• Trumia - Financial Crime Compliance Officer
• PAYMATICO - Compliance Officer

‍

The fintech and crypto sectors are buzzing with activity, from major hacks and fines to strategic expansions. Bybit faces a $1.4B hack, while OKX is hit with a $505M AML fine. Marqeta and PPRO are expanding their reach, and companies like Hubpay, Avalanche, and Klarna are launching new services and partnerships to drive innovation in payments and crypto. Follow us for more updates and insights. See you soon!