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Global FinTech News - 27 May 2022

Global FinTech News - 27 May 2022
By Holland FinTech  • Issue #152 • View online
Dear reader,
This week the World Economic Forum gathered in Davos the earth’s elite to discuss global challenges. The conference is dominated by the fear of a recession, sparked by disruptions by Covid, post-covid shocks and the war in Ukraine. Focus has shifted somewhat from climate change to food supply chains, inflation and interest rates. Especially the latter is causing large lay-offs in the tech industry, this week, as capital comes less cheap than before, and companies get pushed towards profitability sooner. 
In Fintech this week we see some of these layoffs hitting the industry, as well as several new partnerships and large funding rounds. 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.
Amsterdam Fintech Week 9-16th September
This week brings together everyone in the Dutch Fintech ecosystem. This is for the techies, but also the business people, the smart ones and the curious ones. Check out the latest updates on themes, speakers, co-organizers and sponsors here!
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FinTech meets the Regulators: Connecting the Financial Ecosystem with Smart Supervision - June 1
FinTech meets the Regulators: Connecting the Financial Ecosystem with Smart Supervision - June 1
DNB and Holland FinTech organize the 6th edition of FinTech meets the Regulators on June 1st. Join us here to discuss the latest on open banking and artificial intelligence, and help regulators and markets connect!
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Money 20/20 Europe - 7-9th June
Money 20/20 Europe - 7-9th June
Money 20/20 Europe brought together 4,000+ attendees from 1,900+ companies, having over 3,000 real-life meetings in 2021, and this year will beat that number easily. Book your ticket now and join Holland Fintech and partners at our stand A160 at the conference.
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European Women in Tech 2022 - 7 June
With Europe being a World leader in technology, this conference has been created to inspire, celebrate and connect European women working in this sector. 8-9 June 2022!
www.europeanwomenintech.com  •  Share
London Tech Week - London Tech Week - 13 June
Be part of the future at London Tech Week as we amplify the power, resilience, and speed of innovation, across all industries.
londontechweek.com  •  Share
Highlights from last weeks news related to fintech
Highlights from last weeks news related to fintech
Weekly News Highlights - 26 May - 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.
  • An identity verification software company from  Pasadena, California, USA PopID and SunCash an innovative technology company from Nassau, The Bahamas, announced that consumers can now use the PopPay face verification platform to purchase goods and services with a central bank digital currency (CBDC) – digital money issued and backed by a government. 
  • Payments firm Square from San Francisco, USA Square has acquired GoParrot, an all-in-one digital ordering and marketing platform for restaurants.
  • ZoodPay, a Switzerland-based buy now, pay later (BNPL) platform operating in the Middle East and Asia, has acquired Pakistani consumer lending fintech Tez Financial Services for an undisclosed sum.
  • Swedish fintech company Klarna is cutting 10 per cent of jobs as Europe’s largest unlisted technology company faces up to the toughest times in its 17 years amid intense scrutiny of its buy now, pay later model.
  • The Australian Payments Network (AusPayNet) has issued new guidelines around the use of Quick Response (QR) codes as a payment method.
  • The Securities and Exchange Commission proposed requiring ESG funds to provide proof of their claims to protect investors from greenwashing tactics
  • European Central Bank’s (ECB) president Christine Lagarde urged patience as the bank looks to pare back its now 8 trillion euro balance sheet in the face of galloping inflation
Read more about 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 - 25 May 2020 - 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.
  • Bloom Group S.A. (Athens, Greece), growth capital funding startup raised £300 million to grow its business across Europe and become a leading provider of revenue-based lending for digital startups. 
  • Semperis (New York, US), an identity-driven cyber resilience firm has raised over $200 million in Series C funding led by KKR. 
  • Motive (New York, US), fleet management solutions provider, formerly known as KeepTruckin, announced Wednesday it has raised $150 million in series F funding. 
  • Rael (Los Angeles, CA, US), the holistic personal care brand focused on clean period care, intimate care, and skincare, today announced the close of a $35 million Series B investment.
  • Manta (Columbus, Ohio, US), the data startup company announced it raised $35 million in Series B funding. Manta, which moved its U.S. headquarters to Tampa last month, secured the funding through a round led by Forestay Capital.
  • Other notable funding: equipifi Raises $12 Million in Series A Funding, Moves Raises $5M in Seed Funding.
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 - 24 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.
  • “Are AI-powered alternative data driving extreme market research disruption?” via (Lendacademy) - Numerous indicators make clear that the next five years will usher in extreme transformation for a multitude of industries and sectors and the global economy at large. 
  • “New Mastercard research on small and mid-sized businesses shows key technology solutions that are removing their biggest barriers” via (Mastercard) - Small business is anything but business as usual today. As they face a rising number of challenges, including rapidly changing market conditions, business owners must have the flexibility to respond quickly.
  • “Q1 APAC fintech funding hits YOY record high, but slowdown around the corner” via (SPglobal) - Financial technology companies based in Asia-Pacific raised $3.33 billion over 186 deals in the first quarter of 2022, surpassing previous deal values and volumes observed in the March quarter over the past three years. 
  • “Fintechs, Finance Firms Snap Up Media Companies to Gain Audience” via (Fintech News) - This past year has seen banks, financial services companies and fintech startups snapping up media companies, realizing the merits of owning their audience to gain exposure, sell more products and become more profitable. 
  • “Top SIX Digital Payments Countries About to go Cashless” via (Fintech Magazine) - With digital transformation, the transaction landscape is leaving the concept of cash behind. 
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 - 23 May 2022 - Holland FinTech
We’re ending the week with new details on crypto, money transfer, fintech funding, payment process, debt crisis and more.
  • “The BNPL opportunity in Brazil – up-to-date perspectives on instalment payment methods” via (The PayPers) - Despite Brazil’s already well-established instalment payment methods, this new solution is gaining momentum among fintechs with underbanked and cardless customers. 
  • “Satoshi’s Mission, LUNA, UST and Where Crypto Went Wrong” via (CoinDesk) - In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin’s first block.
  • “The LUNA and UST Crash Explained in 5 Charts” via (CoinDesk) - The Terra money machine collapsed almost entirely Wednesday. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA, its sister token, has fallen almost 97% off its 2022 high
  • “Jack Dorsey’s Block Wants To Create Economic Empowerment With Bitcoin” via (Bitcoinmagazine) - Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday. “
  • “Hackers can break into your iPhone even when it’s switched off” via (Techradar) - Cybersecurity researchers have discovered a way to run malware on Apple’s iPhones, even when the device is switched off. 
Read more about analysis and opinion here.
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