𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴
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:
- Mercury 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 $𝟯𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗖 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 at a $3.5 billion valuation to expand its banking services for entrepreneurs and the tech industry.
- FLOWPAY 𝗿𝗮𝗶𝘀𝗲𝘀 €𝟯𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗱𝗲𝗯𝘁 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝘁𝗼 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗲 𝗦𝗠𝗘 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 applications through embedded finance, with participation from Techstars, Soulmates Ventures, and Depo Ventures.
- Rain 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟮𝟰.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to enhance stablecoin-based card issuing, enabling businesses to offer B2B and consumer cards linked to crypto and fiat accounts.
- French WealthTech firm RockFi 𝗿𝗮𝗶𝘀𝗲𝘀 €𝟭𝟴 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗮 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 round to advance its private wealth management platform, blending human advisory and technology.
- Burbank Software 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 £𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘀𝗲𝗲𝗱 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 to develop its payment authentication technology, allowing online transactions to be identified as card-present payments.
- Stable Sea emerges from stealth with $𝟯.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 to enhance stablecoin liquidity and offramping solutions.
- Firenze 𝗿𝗮𝗶𝘀𝗲𝗱 £2.5 million in seed funding to grow its wealth management platform focused on Lombard lending, with support from Outward VC and other investors.
𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀
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:
- Finrax 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 FXBO to bridge crypto and forex payments, expanding options for cross-border transactions.
- Fipto 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 𝗮 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 𝗹𝗶𝗰𝗲𝗻𝘀𝗲 from France’s ACPR, strengthening its position in the stablecoin payments infrastructure space.
- Mesh 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗮 𝗰𝗿𝘆𝗽𝘁𝗼 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗮𝗽𝗽 on the Shopify App Store, enabling merchants to accept digital assets globally.
- myPOS 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝘀 UTP Group, marking its second acquisition of the year to enhance its payments business.
- AstroPay 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗴𝗹𝗼𝗯𝗮𝗹 𝗺𝘂𝗹𝘁𝗶𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝘄𝗮𝗹𝗹𝗲𝘁 𝗮𝗰𝗿𝗼𝘀𝘀 𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮, growing its presence in Colombia, Brazil, Argentina, Peru, and Chile.
𝗢𝗽𝗲𝗻 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲
For those of you seeking opportunities in compliance, here are some of the latest open roles at leading companies:
- Aspire - Head of Compliance, Netherlands
- Worldline - Group Financial Crime Compliance Officer
- Monzo Bank - Senior Regulatory Compliance Manager, EU
- SumUp - Compliance Manager/Money Laundering Reporting Officer (MLRO)
- BitGo - Compliance Manager / Anti-Financial-Crime
- Apex Group Ltd - Legal and Compliance Manager
- PPRO - Compliance Associate - Group Compliance
- Planet - Senior Compliance Officer
- Keyrock - Compliance Officer / MLRO France
- 3S Money - Compliance Officer France
- Vivid Money - Compliance Officer (Spain)
- Unzer - Compliance Officer
- Klips Official - Compliance Officer
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. See you soon!
