𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴
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 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 $𝟱𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in new equity funding to accelerate its growth as a global wealth tech platform.
- Liquidity platform Turbine Finance 𝗲𝗺𝗲𝗿𝗴𝗲𝘀 𝗳𝗿𝗼𝗺 𝘀𝘁𝗲𝗮𝗹𝘁𝗵 𝘄𝗶𝘁𝗵 $𝟭𝟮𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to expand its financing infrastructure for private markets.
- Turkey’s Sipay 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟳𝟴 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 at a valuation of $875 million to boost its embedded finance offering.
- Pennylane 𝗿𝗮𝗶𝘀𝗲𝘀 €𝟳𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to become the leading accounting and invoicing solution ahead of the European e-invoicing shift.
- Félix 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 $𝟳𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 for its WhatsApp-based stablecoin remittance platform targeting Latino immigrants.
- JUSPAY 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟲𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗮 𝗦𝗲𝗿𝗶𝗲𝘀 𝗗 round to scale its payment orchestration technology across new markets.
- Ryft 𝗿𝗮𝗶𝘀𝗲𝘀 £𝟱.𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to provide an alternative to Stripe Connect and Adyen for acquiring banks.
- Bitcoin-backed lending marketplace Firefish 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟭.𝟴 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘀𝗲𝗲𝗱 funding to grow its European crypto lending platform.
𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀
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 𝗮 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘁𝗼 𝗹𝗮𝘂𝗻𝗰𝗵 𝗰𝗿𝘆𝗽𝘁𝗼 𝗱𝗲𝗯𝗶𝘁 𝗰𝗮𝗿𝗱𝘀 for UK and EU users.
- Ripple 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝘀 𝘁𝗵𝗲 $𝟭.𝟮𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 of prime brokerage firm
- Hidden Road, marking a major crypto M&A move.
- Revolut 𝗶𝘀 𝗳𝗶𝗻𝗲𝗱 €𝟯.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 by Lithuania’s central bank due to anti-money laundering control failures.
- Bitpanda 𝗿𝗲𝗰𝗲𝗶𝘃𝗲𝘀 𝗶𝘁𝘀 𝗠𝗶𝗖𝗔𝗥 𝗹𝗶𝗰𝗲𝗻𝗰𝗲 from Austria’s FMA, becoming one of the first to comply under the new EU regulation.
- Weavr.io integrates B4B Payments - A Banking Circle Group Company 𝘁𝗼 𝗲𝗻𝗵𝗮𝗻𝗰𝗲 𝗶𝘁𝘀 𝗲𝗺𝗯𝗲𝗱𝗱𝗲𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 with card issuing capabilities.
- Broadridge 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗮 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 to help institutions scale crypto strategies in line with regulations.
- Taurus SA 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗮𝗻 𝗶𝗻𝘁𝗲𝗿𝗯𝗮𝗻𝗸 𝗻𝗲𝘁𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀 with 35 banks to enable tokenised asset services.
- Allica Bank partners with Yapily 𝘁𝗼 𝗲𝗻𝗮𝗯𝗹𝗲 𝗼𝗽𝗲𝗻 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝘁𝗼𝗽-𝘂𝗽𝘀 for SME business customers in the UK.
𝗢𝗽𝗲𝗻 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲
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
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!
