May 6, 2022

Global FinTech News - 06 May 2022

By Holland FinTech • Issue #149 • View online

Dear reader,

This week the president of the European Commission, has unveiled a proposal to impose an EU-wide ban on Russian oil imports, one of Moscow’s main sources of revenue. The embargo will be structured and gradual, giving member states up to six months to phase out purchases of Russian crude and until the end of the year to stop buying all sorts of refined oil products. The ban will apply to all Russian oil traded both via ports and pipelines.

Further, in fintech, you can discover the latest developments and news, and stay current on global fintech perspectives. You can find information about upcoming events, new investments, research and breakthroughs within the industry. In addition, find more ways to support Ukraine here. Happy reading!

From the Holland FinTech team, we wish you a great weekend.

Amsterdam Fintech Week

#XFW is a project for the fintech community, by the fintech community. So whether you run a startup or work at an insurer/ a bank, whether you care about payments or pensions or whether you are a techie or a business person - this week is for you!

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Connect with the fintech ecosystem at some of the upcoming events.

The Future of Anti-Fraud: Cybersecurity & Crypto in the 21st Century - 10 May

Join us for our second co-event with Fintech Association Japan, where we discuss the future of Anti-Fraud in the 21st century. We will be joined by expert speakers from both The Netherlands and Japan: Pieter Franken, Wil Janssen, Atshuyoshi Shimazu and Kazuyoshi Mishim.

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Finnovex Global Series - 10 May

Finnovex Europe is back again with an upgraded twist via our fully-virtual summit edition in the region bringing together all experts of the Banking and Financial Services ecosystem virtually and be the first of its kind to offer for top-notch and valuable business connections, power-packed panel discussions and insightful presentations, straight to your homes or offices.

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Holland Fintech Meetup featuring Startupbootcamp - 13 May

Startupbootcamp and Icoinic are partnering up with Holland Fintech to host this Meetup. The event will take place in Icoinic’s office in Amsterdam, hopefully, you can join us there! During this event, you’ll hear 11 professional and polished pitches from 11 startups new to the world. The full list of Startupbootcamp teams can be found here.

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Highlights from last weeks news related to fintech

Weekly News Highlights - 5 May 2022 - Holland FinTech

Stay up to date with the latest news from fintech! This week, we bring you updates and developments on partnerships, lending, banking, crypto, NFT and more:

Fable Fintech, a global banking infrastructure company enabling SaaS powered platforms for cross-border, corporate, trade, and FX transactions, announced its strategic partnership with XeOPAR, a one-touch cross-border payments and remittances startup for all
Truist — one of the nation’s largest financial institutions — has acquired Long Game, a 12-person fintech startup that has raised over $20 million in venture capital, executives told TechCrunch exclusively
Neobank Bunq acquires Belgian FinTech TriCount and makes a play for Ulster Bank and KBC Bank Ireland current account holders by launching in the Irish market on Wednesday with a banking service that uses Irish international bank account numbers (Ibans)
FIFA has teamed up with Zug based blockchain technology company Algorand to agree a sponsorship and technical partnership deal
Stripe announced a new product that fills in some significant gaps in its play to be the financial services layer for merchants and other businesses whose models are based on enabling transactions
Nium is in talks to make an acquisition worth up to $400 million to drive an expansion in Europe, CEO and co-founder Prajit Nanu told
As part of its Racial Equity and Justice Initiative, Apple has committed $25 million to eradicate systemic racism in the US and empower entrepreneurs of colour

Read more about this week’s news here.

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The largest funding rounds we found from across the world

Weekly Funding Highlights - 4 May 2022 - Holland FinTech

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including fintech, payments, NFT, and more.

Peter Thiel’s Valar Ventures Management is leading a US$185 million funding round for Canada’s Neo Financial Technologies Inc.
California-based home equity financing platform Point has landed $115 million in Series C funding as it looks to invest in new products and technology to accelerate its growth.
LatAm SME financial services platform Xepelin has raised $111 million in a Series B financing round, the largest such round in the history of Chile.
Concerto, an Austin, Texas-based company created to power credit card partnerships that enhance the user and product experience for consumers and businesses, raised $21m in funding.
Kintent, a Boston, MA-based creator of the Trust Cloud® platform that helps companies implement revenue-generating compliance to earn customer trust and accelerate sales, closed a Series-A capital raise of $18m.
Allocate, a San Francisco, CA-based digital investment platform that provides investors a streamlined way to access top-tier venture funds and co-investments, raised $15.3M in Series A funding.
MotionsCloud, a German insurtech startup, raised US$ 2m in funding. The round was co-lead by SOSV and Net Insurance, followed by AI Startup Incubator, ParticleX, Artesian, Excon Services, and Global Insurance Accelerator.

Read more about this weeks funding here.

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A selection of recent research reports and papers worth reading

Weekly Research Highlights - 4 May 2022 - Holland FinTech

For this week’s research article, we dive into new insights on fintech market, banking, insurance, payments, trends, diversity in fintech and more.

“Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024” via (Bitcoin News) - According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024.
“Apple Research Highlights Growing Fintech Services: Report” via (Crowdfund Insider) - Apple is not just the creator of the ubiquitous iPhone, Mac, iPad, etc., but a growing number of intertwined services and products that are simple to use and work really well.
“Why Gig Economy Has Become a New Trend in Fintech” (Fintech Magazine) - Work outside traditional employment is, indeed, getting more popular each year. According to a Mastercard research, the global gig economy will generate a gross volume of about $455bn by 2023 which is twice bigger than in 2018.
“Do blockchain patents encourage innovation?” via (Coingeek) - According to Katopis’s research, patents do encourage innovation in the fintech and digital currency industry, and data shows that tech giants, investors, banks, and startups are increasing the amount of time, money, and resources they are spending to obtain blockchain-related patents year-over-year.
“Top Trends: Transformation of the Fintech Market in 2022” via (Finextra) - The advancement of technologies expectedly leads to growing client requests, stimulating the Fintech industry to keep up with the times and be quick in offering popular services.

Read more about this weeks research here.

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Background information and insights from opinion leaders and experts

Weekly Analysis and Opinion Highlights - 3 May 2022 - Holland FinTech

And we’re ending the week with new details on crypto, money transfer, fintech funding, payment process, debt crisis and more.

“Banks must capitalise on the data opportunity or face extinction” via (Fintech Futures) - The banking sector is at an inflection point. Household names that once reigned supreme are now subject to unprecedented competition from the challenger banks
“How neobank digital lending will disrupt financial services” via (Investor Monitor) - Digital-only neobanks are bringing financial services to those previously excluded from the system, but will regulatory requirements stymie their progress?
“When cash ceases to be king: the rise of innovative payment methods” via (Fintech Futures) - When Covid-19 lockdowns first hit North America two years ago, life changed overnight — with retailers playing canary in the coal mine.
“Down 35% This Year, This Fintech Stock Is a Buy” via (Nasdag) - The digital marketplace bank LendingClub (NYSE: LC) got off to a good start to the year, generating earnings results for the first quarter of 2022 that easily beat analyst estimates.
“Another brick in the wall: how Bloom is helping teens build financial literacy skills” via (Fintech Futures) - Young people who leave school may know some biology, some geography. They may be able to reel off famous historical figures or explain Pythagoras’ theorem.

Read more about this weeks analysis and opinion here.

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By Holland FinTech

Global Fintech News

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