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Global FinTech News - 18th March 2022

Global FinTech News - 18th March 2022
By Holland FinTech  • Issue #142 • View online
Dear reader,
The Russia-Ukraine conflict is worsening the outlook for the world economy as rising food, fuel and fertilizer prices become “alarming” for developing nations particularly, the UN Conference on Trade and Development (Unctad) said.
Developing countries — which are already affected by the Covid-19 pandemic, rising debt levels and climate change — will be hit the hardest by disruptions in food, fuel and finance.
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.

Connect with the fintech ecosystem at some of the upcoming events.
Connect with the fintech ecosystem at some of the upcoming events.
Fintech Week Tel Aviv - 21-23 March
Fintech Week Tel Aviv - 21-23 March
Fintech Week Tel Aviv is an annual conference bringing together players from a host of global fintech hotspots and the financial services world to deliberate, share ideas and best practices, and look at ways to collaborate and do business.
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Finovate Europe - 22-23 March
Finovate Europe - 22-23 March
FinovateEurope is your chance reconnect face-to-face with the fintech community and plot a course for the future. With live demos of innovative fintech solutions, expert advice from key influencers, and unparalleled networking opportunities, there’s no better place to find your path forward.
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AIBC Summit Africa - 22-23 March
AIBC Summit Africa - 22-23 March
With three major shows in the works, the events are designed to enhance Africa’s high-growth gambling industry. SiGMA Africa unites the leading minds in this sector for a discussion on regulatory frameworks, economic development and the creation of new opportunities for businesses looking to invest across the continent.
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Future of Payments Conference - 31 March
Future of Payments Conference - 31 March
Besides the plenary keynotes you can compile your own program by joining the Break-out Keynotes and in-depth sessions of your choice. And of course there is plenty of room in the program for networking and talking to colleagues and experts within the Payments industry.
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Highlights from last weeks news related to fintech
Highlights from last weeks news related to fintech
Weekly News Highlights - 17 March 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:
  • 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:
  • The European Union (EU) has dropped its plans to impose a de-facto ban on bitcoin mining and related activities that could allegedly hurt the region’s efforts to promote sustainable technologies
  • MTN added more than R11bn to its market capitalisation as Africa’s largest mobile operator rose past rival M-Pesa to become the biggest mobile payments business on the continent by users
  • ReforestPay, a new sustainability focused paytech that intends to plant a tree for every transaction the firm processes, is set to launch for merchants in the UK and EU this year
  • President Volodymyr Zelensky of Ukraine has officially signed into law the structure upon which Ukraine will build bitcoin and other cryptocurrency markets, legalizing the emerging market in a way that is “bringing the crypto sector out of the shadows”
  • Climate Impact X (CIX), a global carbon exchange and marketplace, has announced the launch of its Project Marketplace, a digital platform for businesses and carbon project suppliers to list, discover, compare, buy and retire quality carbon credits
  • Sia Partners advances in the development of its Web3 strategy with the integration of Stratumn, a SaaS solution provider specialized in the management of corporate cash flow
Read more about this weeks news here.
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The largest funding rounds we found from across the world
The largest funding rounds we found from across the world
Weekly Funding Highlights - 16 March 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.
  • Moove (Lagos, Nigeria), which describes itself as “the world’s first mobility fintech”, has raised $105 million (EUR 94m) in an oversubscribed Series A2 round consisting of equity and debt
  • Cowbell Cyber (Pleasanton, CA, US) insurtech startup has completed a $100 million (EUR 90m) Series B funding round, led by London head-quartered fintech investors Anthemis Group
  • Lunar (Aarhus, DK), a digital bank secured $76 million (EUR 68m) in funding to continue expanding across the Scandinavian region
  • Money View (Bangalore, Karnataka, India), a fintech start-up has raised $75 million (EUR 67m) in a Series D funding round, valuing the company at $625 million (EUR 563m)
  • Bazaar (Karachi, Pakistani), a business-to-business fintech startup has raised $70 million (EUR 63m) in a Series B funding round, the platform said on Tuesday, taking the total funding to $100 (EUR 90m) million in less than two years, said a statement
  • Acorns  (Irvine, CA, US), a saving and investing app has raised $300 million (EUR 271,4) in new funding, taking its valuation up to nearly $2 billion
  • Other notable funding this week include: Encompass Corporation Raises $33M (EUR 270m)in Funding, EarnUp Completes $31M (EUR 28) Series C Funding, and Rutter raises $27m (EUR 24m) in Series A to become “Plaid of commerce.”
Read more about funding here.
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A selection of recent research reports and papers worth reading
A selection of recent research reports and papers worth reading
Weekly Research Highlights - 15 March 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.
  • “UKRAINE: Timeline of Cyberattacks on critical infrastructure and civilian objects” via (Cyber Piece Institute) - Against the backdrop of the military invasion of Ukraine, the CyberPeace Institute is tracking how cyberattacks and operations are, and have been, targeting critical infrastructure and civilian objects
  • “Taiwan Invests Billions in Next-Generation Talent for Chip Industry” via (Opengovasia) - Wanting to meet rising demand, Taiwan is racing to set up specialized “chip schools” that run all year round to train its next generation of semiconductor engineers
  • “China’s digital yuan could challenge the dollar in international trade this decade, fintech expert predicts” via (CNBC) - China’s digital yuan is set to challenge the dollar’s domination as the currency of choice in international trade settlements, predicts author and financial technology consultant Richard Turrin
  • “Banking for the good times and the bad” via (Fintech Futures) - The Resolution Foundation has said that rising oil and gas prices will hit UK households with a 4% drop in income, which is around £1,000 a year
Read more about research here.
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Background information and insights from opinion leaders and experts
Background information and insights from opinion leaders and experts
Weekly Analysis and Opinion Highlights - 14 March 2022 - Holland FinTech
And we’re ending the week with new details on crypto, money transfer, fintech funding, payment process, debt crisis and more.
  • “Binance founder says cryptocurrencies won’t help Russia evade sanctions” via (Guardian) - The founder of Binance, the cryptocurrency trading platform, has dismissed fears that virtual money could be used by the Kremlin to evade sanctions as he claimed that “crypto is too small for Russia”
  • “Fintech Funding Boom Spurs Bank Fears and Tech Spending” via (The Financial Brand) - Despite declarations of a funding bubble, money flowing into fintechs from investors rose at a record pace in 2021. Traditional institutions are responding in several ways, including getting into the action themselves as well as investing in their own R&D to compete
  • “Can FinTech Help Solve America’s Student Debt Crisis?” via (Govtech) - With an end of the federal student loan repayment moratorium fast approaching, some in the financial space see technology playing a larger role when it comes to navigating the next steps in a convoluted process
  • “How is FinTech changing the payment process?” via (Techaeris) - Financial technology (FinTech) has become the new normal in the finance industry, with 75% of modern consumers using some form of payment service
  • “Money-transfer companies are getting swept into the Russian invasion of Ukraine” via (Protocol) - Crypto has been dominating the headlines, and it’s understandable, given the novelty of the first crypto war
Read more about analysis and opinion here.
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