Revolut and Wise investor Index Ventures raises $2.3 billion
I'll keep it short. Had my focus on the big game today.
Cheers,
INSIGHTS
A Comparison of Key Metrics in the Latest Income Statements:
FINTECH NEWS
🇨🇴 Chilean paytech Vita Wallet announces launch of its first virtual debit card in Colombia. Vita Card will operate under the VISA umbrella as a card that could facilitate companies in making payments both in Colombian pesos and in dollars, using the available balance in their account.
🇧🇷 FinTech Sicredi launches new app features for transferring money and sharing financial history via WhatsApp. With this launch, Sicredi's Open Finance has gained two new features to meet the needs of members in Roraima with convenience and security. Read on
PAYMENTS NEWS
🇨🇳 Thunes powers LianLian global’s new payment service. This collaboration demonstrates Thunes’ commitment to support the growth of Chinese e-commerce and simplify cross-border payments internationally. LianLian Global Payout Service addresses the challenges of traditional cross-border payments, such as high costs, slow processing times and complex procedures.
🇵🇪 Fintech Minka partners with Gmoney and Globokas to expand instant payments in Peru. This new alliance is created to impact a market that today moves more than 390 billion dollars a year according to the latest report from the Central Reserve Bank of Peru.
🇪🇬 enza and TerraPay announce a partnership to transform the payments landscape in Africa. By partnering, the organisations aim to tackle two problems that have inhibited the growth of businesses across Africa, and in doing so accelerate financial inclusion.
🇮🇱 Wix adds new features allowing merchants to customize checkout forms. The new features let merchants add custom fields to the checkout form, customize field layouts, and adjust settings such as descriptions, mandatory status, and PII requirements, according to the email.
🏴 Payment orchestration provider BR-DGE has announced the launch of its white-label payment orchestration solution, which is set to propel payment acquirers, gateways, platforms and other ecosystem players with agile and customisable modular tech to stand out in a fiercely competitive market.
🇸🇬 Fave Singapore gets in-principle approval for payments license. This approval allows Fave to offer account issuance, merchant acquisition, and domestic money transfer services. The company plans to continue rolling out innovative commerce products in partnership with Pine Labs.
OPEN BANKING NEWS
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DIGITAL BANKING NEWS
🇳🇿 Dosh seeks licence to become country’s first pure digital bank. Shane Marsh, Dosh co-founder, said Dosh was not planning on opening any branches, and would be a digital-only bank offering deposits, personal loans and home loans, the last focused on young people trying to buy their first home.
🇮🇪 N26 launches stocks, ETFs trading and investment management in Ireland and The Netherlands. This new offering allows customers to manage their investment portfolio directly through the N26 app, alongside their personal bank accounts, savings accounts, joint accounts, and crypto holdings.
BLOCKCHAIN/CRYPTO NEWS
🇬🇧 Cryptocurrency wallet provider Argent is partnering with Mastercard and blockchain startup Kulipa on a new crypto-powered payment card. The arrangement will incorporate zero-knowledge technology from Starknet, according to a press release issued Tuesday.
🇮🇹 Italy lays out MiCA guidelines for operating crypto companies. Under MiCA ruling, issuers of electronic money tokens are required to comply, apply and hold ‘relevant authorisations’ – such as an Electronic Money Institute (EMI) licence for example – to carry out activities within the European Union.
DONEDEAL FUNDING NEWS
🇺🇸 Compliance startup Niva raises $3.3M: Niva's mission is to make it effortless to trust legitimate businesses anywhere in the world. Explore the full article for more info
🇺🇸 Canoe Intelligence secures $36m in Series C funding led by Goldman Sachs for AI expansion. The newly acquired funds are earmarked for several strategic initiatives. Primarily, Canoe plans to further its development of cutting-edge AI technologies that promise to revolutionize the management of alternative investments.
🇬🇧 Index Ventures announced $2.3 billion in new funds to forge relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses. The firm’s fundraise comes at a pivotal moment for the global startup ecosystem.
MOVERS & SHAKERS
🇱🇺 Mangopay chooses Mark Fleming as its new Chief Commercial Officer. Mark will join CEO Romain Mazeries' management team to spearhead the company's international expansion and growth into new customer sectors, furthering its impact on the platform economy.
🇬🇧 Payabl. appoints Esfira Zakas as Chief Marketing Officer. Esfira has been promoted from Head of Marketing into the new role, evidencing payabl.’s commitment to leveraging internal talent and fostering inclusive leadership. Read more
🇳🇱 BUX names new Chief Risk & Compliance Officer amid acquisition. Nontya Mtshaulana will join the neobroker from ABN AMRO, its new owner. At BUX, she will lead the company’s risk, legal, and compliance efforts and ensure practices that safeguard the interests of clients and stakeholders.
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General Partner at Gilgamesh Ventures - Fintech Seed/Pre-Seed
3w👏🏼👏🏼👏🏼
CEO and Co-founder at Niva | Global business verification (KYB) with AI
3wVery much appreciate the coverage Marcel van Oost!
Head of Digital Financial Services at Finance House | Fintech Strategy Expert | ePayment & Open Banking Pioneer | Driving Digital Transformation & Market Expansion
3wI think these updates are crucial for anyone in the fintech space. Revolut and Wise are leading the charge, and seeing Index Ventures raise such a significant amount is impressive. Thanks for sharing, Marcel