Fundraising
The fintech and crypto sectors continue to attract significant investor interest, with several companies securing substantial funding to fuel their growth and innovation:
- Flatpay raises €57.6M: Flatpay simplifies payments and financial management for SMEs, securing €57.6 million in Series C funding.
- Nomupay raises $37M: Nomupay secures $37 million to expand access to Asian markets.
- BVNK raises $50M: Crypto startup BVNK raises $50 million, valuing the company at $750 million. With $40M in annual revenue and $10B in transaction volume, the funds will drive further growth.
- Usual secures Series A Funding: Usual raises Series A funding to accelerate its growth.
Industry News
Key developments in fintech, crypto, and financial services are shaping the industry's landscape. Acquisitions, partnerships, expansions, and more. Here are some of the most noteworthy updates:
- MiCA’s Impact on the EU Crypto Industry: MiCA introduces new challenges and opportunities for the EU crypto ecosystem.
- dLocal Wins UK Licence: Latin American payments platform dLocal secures a UK operating license, expanding its global footprint.
- Checkout.com Reports $306M Loss: Checkout.com announces a 73% increase in losses, reaching $306 million in 2023.
- Coinbase Acquires BUX Cyprus Unit: US crypto exchange Coinbase acquires BUX's Cyprus unit, signaling potential expansion in Europe.
- Backpack Acquires FTX EU: Backpack expands in Europe with the acquisition of FTX EU.
- Ripple Adopts Chainlink Standard: Ripple integrates Chainlink's technology to enhance its RLUSD stablecoin ecosystem.
- Levenue Partners with Newfound: Levenue collaborates with Newfound to empower SMEs with faster scaling and growth capital access.
- FalconX Acquires Arbelos Markets: FalconX boosts its capabilities with the acquisition of Arbelos Markets.
- ClearScore Expands with Aro Finance Acquisition: ClearScore enhances its Embedded Finance offerings by acquiring Aro Finance.
- Visa Partners with Qashio: Visa teams up with Qashio to innovate B2B travel payment solutions.
- HyperPay Secures Saudi Licence: HyperPay obtains a license for digital payment services in Saudi Arabia.
Open Positions in Compliance
For those of you seeking opportunities in compliance, here are some of the latest open roles at leading companies:
- Dojo Tech: Head of Compliance
- CMC Markets: Head of Compliance & AFC Europe
- Bullish: Manager, Compliance/ MLO/ Risk
- Noemon Money: Chief Compliance Officer
- Ethena Labs: Compliance Manager
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!
