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Global FinTech News 15th May

Financial Technology in week 20 of 2020: Omnipresent tech heavyweight Google has teamed up with the w
Global FinTech News 15th May
By Holland FinTech  • Issue #46 • View online
Financial Technology in week 20 of 2020: Omnipresent tech heavyweight Google has teamed up with the world’s most well funded philanthropic organization to start a foundation aimed at providing digital financial services in developing countries. In an interesting development that might spell a new opportunity for the crypto market, The largest bank in the United States, JP Morgan, has allegedly taken on Crypto Exchanges Gemini and Coinbase as clients, and will provide banking services to them. Tech remains high on the agenda with payments platform VISA, the world’s largest, said it would continue to grow its token offering, eyeing increased safety measures in the e-commerce space. Arch rival MasterCard has continued on it’s pledge towards financial inclusion, and expanded in to a worldwide commitment of bringing 1 billion people and 50 million MSMEs into the digital economy by 2025. In a reversal from usually rosy news, unicorn player Revolut has announced that despite a historic funding round of $500 million earlier this year, redundancies are a reality with 60 jobs already taking the fall. Funding, although generally down on a macro level compared to other years, still saw some pretty hefty deals this week - Australia leading the pack with $147 million for Fintech Judo, and Verteva bringing in $33 million USD. The Western hemisphere didn’t do too poorly either with examples of decent funding coming in with for instance UK based FeatureSpace raking in $37.4 Million.
Prefer to listen and watch your news? Check out Don’s Flash Friday news roundup from this morning with Nick Bortot, founder and CEO at Bux here!
Take a look at all things FinTech&COVID-19 on our resource page here.
We hope you had a good week and are staying safe & healthy! Eager to learn more? Check out the insights section on our website!
- The Holland FinTech Team

Highlights from last weeks news related to fintech
Highlights from last weeks news related to fintech
Moojaloop Foundation: Google and the Bill&Melinda Gates Foundation team up to provide digital payments to developing markets
Industry heavyhitter JP Morgan to provide banking services to Crypto Exchanges like Gemini and Coinbase
Tokens Rising: VISA continues to expand tokenization service
R&R: Redudancy at Revolut hits 60 staff
Financial Inclusion: MasterCard is not giving up
Fintech VC deals see it's worst month since 2016
The largest funding rounds we found from across the world
The largest funding rounds we found from across the world
$147 (€136) Million: Judo's massive round
$37.4 (~€34.2) million for Financial Crime prevention software provider FeatureSpace
Australian Fintech Verteva brings home $33 (€30.5) million
UK based ANNA raises $21 (€19.4) Million for SME business and tax app
Dathena: $12 (€11) Million in Series A
$10 (€9.25) million for Briq, financial forecasting platform
A selection of recent research reports and papers worth reading
A selection of recent research reports and papers worth reading
Top 10 Fintech Innovation Labs
The Future of Blockchain 2020
The State Of Fintech Q1’20 Report: Investment & Sector Trends To Watch
2020 Red Herring Top 100 Europe Awards
The world’s most innovative WealthTech companies
Designing Digital Services that work for US SMB's
Background information and insights from opinion leaders and experts
Background information and insights from opinion leaders and experts
Fintech Giant: Is Google next? - via Forbes.com
Working in Fintech: Will you be able to keep your Job? - via Sifted.eu
InsurTech: A new start - via Yourstory.com
Customer Facing: A new Ecosystem Model - via Fintechmagazine.com
What VC's can learn from Fintech's - via Forbes.com
Fintech can help save MSMEs hard hit by COVID-19 pandemic - via Weforum.org
Connect with us at some of the upcoming events
Connect with us at some of the upcoming events
Flash Friday: Staying ahead of the news
Holland FinTech Meetup Online
London Tech Week 2020 - London, United Kingdom - 2nd-10th of September
Cognitive Finance AI - Berlin, Germany - 21st/22nd of September
MoneyNext Summit 2020 - London, United Kingdom - 20th/21st of October
Ready to get involved? Click here to find out more.
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