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Global FinTech News - 29th of May

Fintech Fridays: All about payments! This week saw lots of increased activity in the payments space a
Global FinTech News - 29th of May
By Holland FinTech  • Issue #48 • View online
Fintech Fridays: All about payments! This week saw lots of increased activity in the payments space as regulators and market players are struggling to keep up with booming demand for new payments functionalities and transaction volumes. France and the UK both respectively opened consultations around fintech payments, with France’s Competition authority taking the lead to ensure a level playing field in the financial services industry. Big news out of South America, with 60 million customer strong Airfox being acquired by Brazilian Via Varejo - likely to play into the opportunity to easy access retail banking opportunities in Brazil. Samsung and Google - the tech powerhouses were not ready to be left out of the payments playground this week with Samsung announcing Samsung Money, a partnership product with SoFi and powered by MasterCard, and Google confirming that it was indeed testing voice confirmations to serve as payment authorisations. All these payments and digital activities do need a place to call home - and cloud infrastructure is growing at an incredible rate - just look at KKR pumping $1 billion USD into a new venture to build and operate huge data centres from all over Europe to meet this burgeoning demand. Funding was also not taking it slow this week with Marqeta taking home $150 million USD to become valued at $4.3 Billion USD, followed by UK’s previously dipping Starling bank bringing in $49 million USD. This was followed by smaller, but impressive rounds for Singapore’s GoBear raking in $17 million, Dutch based Floryn securing $10 million USD and Icelandic challenger bank Meniga raising $9.4 Million USD. Another strong week for the fintech landscape!
We sat down with Form3 this morning to talk about developments in the fintech market, watch it here!
Take a look at all things FinTech&COVID-19 on our resource page here.
- The Holland FinTech Team

Highlights from last weeks news related to fintech
Highlights from last weeks news related to fintech
Airfox is being acquired by Via Varejo, a Large retail company in Brazil
French Competition Authority launches public consultation on the fintech sector
Samsung Launches Samsung Money with SoFi
Marqeta soars to a $4.3 (~€3.8) billion USD valuation
Google testing voice commands for payments
KKR pumps 1 billion into data Centers
The largest funding rounds we found from across the world
The largest funding rounds we found from across the world
A selection of recent research reports and papers worth reading
A selection of recent research reports and papers worth reading
Fintech Adoption and Innovation in the Hong Kong Banking Industry
Billion dollar experiences - Chapter 2: Making my first Payment
Startup Ecosystem Rankings 2020
All of the World’s Money and Markets in One Visualisation
A new normal: fortifying your distribution channels in a world post-COVID-19
Whitepaper - Finance deserves trust of the consumer (in Dutch)
Background information and insights from opinion leaders and experts
Background information and insights from opinion leaders and experts
COVID-19 is placing unprecedented challenges on EU banks
The Future of Fintech in 2020 - Ron Shevlin explores
The importance of Payments in SME growth
Automation changing the face of payments
The Future of Fintech Startups - COVID 19
Opening up to Open Banking: Banks worldwide
Connect with us at some of the upcoming events
Connect with us at some of the upcoming events
Holland FinTech Meetup Online - 12th of June - Open for Public
Security & Trust in Financial Services - 2nd of June - Members Only
The Rising Importance of PSD2 based Solutions - 3rd of June - Members Only
Financing During Covid-19: How to Keep the Economy Running? - 4th of June - Members Only
Flash Friday: Staying Ahead of the News - 5th of June - Members only
Ready to get involved? Click here to find out more.
Events - The Rising Importance of PSD2 based Solutions
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