Feb 25, 2022

Global FinTech News - 25th February 2022

By Holland FinTech • Issue #139 • View online

Dear reader,

This week the world witnessed unfortunate attacks on Ukraine lead by Russian military groups, who entered the country along its eastern, southern, and northern borders. This began early hours on Monday, after president Putin announced Luhansk and Donetsk as independent states. Meanwhile, the U.S finance markets are seeing a rise in stocks, as it’s average rose to 6 percent — just this week.

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. Happy reading!

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

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

Mobile World Congress Barcelona - Holland FinTech

MWC Barcelona is the world’s most influential event for the connectivity industry. It’s where world-leading companies and trailblazers share the latest

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10th NextGen Payments & RegTech Forum 2022 - Holland FinTech

The 10th NextGen Payments and RegTech Forum is an inspirational gathering connecting leading decision-makers from across the entire Payments and RegTech

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DIA Amsterdam 2022

(Re-)Connect with Insurance Pioneers from All Continents Join a Safe, Spacious, Summer Must-See Insurtech Festival and Get Inspired 29-30 June.

Use code “DIA200HFT” for early bird tickets discount!

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Highlights from last weeks news related to fintech

Weekly News Highlights - 24 February 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:

A group of the UK’s leading fintech bosses have called on the Government to ramp up efforts to overhaul regulation and build a world-leading environment for the sector
Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher
The London Stock Exchange Group (LSEG) has bought TORA, a provider of technology for the trading of multiple asset classes including crypto, for $325 million
Pakistan’s Askari Bank has partnered with fintech firm Hysab Kytab and plans to integrate the latter’s personal finance management (PFM) solution into its digital banking offering
Singapore-based FX platform M-DAQ has acquired B2B cross-border payments provider Wallex. The deal forms part of M-DAQ’s growth strategy as it looks to expand into new international markets
Singapore has long been praised for being a forward-thinking, progressive jurisdiction that supports technology and innovation. This has enticed a horde of cryptocurrency and blockchain startups to set up shop in the nation, lured by its seemingly openness to the industry

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 - 23 February 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, credit cards, banking and more.

PrimaryBid (London, UK), a fintech platform that provides retail investors with fair access to public markets, raised $190M (EUR 167m) in Series C funding
Pine Labs (Noida, India), a fintech company, has received a $150 million (EUR 132m) investment from US asset management firm Alpha Wave Global
Clickatell (Cape Town, California, US), a fintech firm, announced it has secured $91-million (EUR 80m) in its latest Series C round of funding
Atom bank (Durham, UK), an app-based bank, raised more than £75m in new equity funding as it continues to grow its profitability and drive to IPO
Pontera (NYC, US), a fintech company, formerly known as FeeX, announced a $45 million (EUR 39m) funding round led by Lightspeed Venture Partners
Bluebear Technologies Pvt. Ltd (New Delhi, India), a company which runs education-focused fintech startup Propelld, said it has secured $35 million (EUR 31m) as a part of its Series B round
Other interesting funding rounds this week: Ageras Group (Copehagen, Denmark) raises $34M (EUR 29m) in Funding, Trullion (NYC and Tel Aviv, Israel) raises $15M (EUR 13m) in Series A Funding, Swell Financial Raises $10M (EUR 8m) in Series A funding round.

Read more about this weeks funding here.

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A selection of recent research reports and papers worth reading

Weekly Research Highlights - 22 February 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. Happy reading!

“Banking Circle on the impact of bank and fintech de-risking” via (Fintech Magazine) - Fintech solutions provider Banking Circle evaluates their research on bank de-risking, and looks at the pros and cons of the current financial climate
“Move over ‘tech bros’: Women entrepreneurs join Africa’s fintech boom” via (News 24) - When financial analyst Oluwatosin Olaseinde moved back home to Nigeria in 2013 after a decade studying and working abroad, she decided it was time to tackle her own finances
“Fintech innovation among private banking industry companies has dropped off in the last year” via (Private Banker) - Research and innovation in fintech in the private banking sector has declined in the last year.
“Is 2022 the year we see a slowdown in Fintech investment?” via (Finextra) - As we as a business reflected on the different trends we felt were worth talking about for 2022, the fintech investment scene and current tech stocks felt like something worth expanding on more widely
“MAJIC WHEELS CORP’S CGCX EXPANDS TO INDIA IN COLLABORATION WITH PCEX” via (Fintech Futures) - According to a report by cryptocurrency research firm Chainalysis, India is one of the world’s fastest growing crypto markets, increasing by 641% between July 2020 and June 2021.

Read more about this week’s research here.

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Background information and insights from opinion leaders and experts

Weekly Analysis and Opinion Highlights - 21 February 2022 - Holland FinTech

And we’re ending the week with new details on banking, partnerships, funding, DeFi, SoFi, neobanks, credit unions, open banking and more. Dive into the latest fintech insights and have a great weekend!

“This $1 Trillion-Potential Fintech Stock Is on Sale Right Now” via (NasDaq) - In this clip from “The Rank” on Motley Fool Live, discuss which fintech stock they think might be the first to hit a trillion dollars one day and why
“Could SoFi Stock Change Course in Q4?” via (TipRanks) - SoFi received its long-awaited bank charter last month, which is not only a significant milestone for the company, but also a solid positive catalyst
“Top Three Digital Fraud Prevention Trends for 2022” via (Fintech News) - 2021 was another memorable year. Organisations that built remote processes in response to the pandemic have spent the past year optimising and strengthening their systems to ensure a positive and secure customer experience
“Top Three Digital Fraud Prevention Trends for 2022” via (Fintech News) - 2021 was another memorable year. Organisations that built remote processes in response to the pandemic have spent the past year optimising and strengthening their systems
“Does Block Have 100% Upside? 3 Reasons This Analyst Might Be Right” via (Fool) - A JPMorgan analyst moved from not rated to overweight on Block stock after its acquisition of Afterpay. We agree Block stock could go to $200 or more, so here is our stock analysis in 12 minutes.

Read more about this week’s analysis & opinion here.

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By Holland FinTech

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