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Global FinTech News #42 - Onfido, LexisNexis, Stripe, SoftBank, Santander

Another rollercoaster week for fintech! Despite troubling times, big name FinTechs have managed to se
Global FinTech News #42 - Onfido, LexisNexis, Stripe, SoftBank, Santander
By Holland FinTech  • Issue #42 • View online
Another rollercoaster week for fintech! Despite troubling times, big name FinTechs have managed to secure major funding rounds, with Stripe securing 600 million USD, and Airwallex pulling in 160 Million USD followed by Holland FinTech Member Onfido taking home 100 Million USD - Congratulations! Thing are looking less rosy for major FinTech investor SoftBank, who is standing to lose 12.5 Billion USD through its investment in WeWork. Banco Santander has dipped another toe in the FinTech pond and has launched a competitor to popular money transfer service Transferwise. Big topics this week: Financial Inclusion and & Fraud prevention - as it emerged that Fintech is the perfect catalyst for enhanced financial inclusion and that the financial services industry spends $180.9 billion USD on financial crime compliance according to Holland Fintech Member LexisNexisRisk! Wishing you a fun and safe weekend & Happy Reading!
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
Major Fintech and Blockchain Backer SoftBank Expected to Lose $12.5 Billion (~€11.5 Billion)
Santander launches fintech to take on TransferWise
Fintech to spur financial inclusion
As banks choke, the Paycheck Protection Program expands lending to fintech firms
Solidarity Fund to Offer Financial Aid to Fintech Firms
DG FISMA Schedules Series of Online Roundtables on Fintech Topics
The largest funding rounds we found from across the world
The largest funding rounds we found from across the world
Stripe extends Series G funding round
What downtime? Robinhood fund raise to reportedly boost its valuation to $8B (~€7.4 Billion)
Fintech unicorn Airwallex nets $160m (~€148 million) to expand worldwide
Onfido, the AI-based ID verification platform, raises $100M (~€92 million) led by TPG – TechCrunch
Swiss startup Crypto Finance banks €13.3 million Series B, building Fintech bridge with Asia Pacific
UK Fintech startup Previse scores $11 million (~€10.1 million) to help suppliers' invoices get paid speedily
OpenInvest Closes $10.5 Million (~€9.6 million) Series A1 Strategic Financing Round - Holland FinTech
A selection of recent research reports and papers worth reading
A selection of recent research reports and papers worth reading
Deloitte: 2030 and the future of banking
Crunchbase Industry Spotlight: Fintech
Payments and Lending FinTechs Dominate IDC Financial Insights’ 101 Fast Growing Asia/Pacific FinTechs in 2020
Digital Commerce Spend to Fall by 14% in 2020, as Industry is Rocked by Coronavirus Impact
Edelman Trust Barometer Special Report on COVID-19 Demonstrates Essential Role of the Private Sector
Financial Services Firms Spend $180.9 Billion (~€166 Billion) on Financial Crime Compliance, According to LexisNexis Risk Solutions Global Study
Background information and insights from opinion leaders and experts
Background information and insights from opinion leaders and experts
Fraud: An Inevitable Symptom Of COVID-19
Fintech firms are angling to help you with your stimulus check
Fintech’s Future—VC Report Sees Mixed Fortunes In The Post-Covid Marketplace
UK tech job vacancies fall 31% in less than 4 weeks, according to job site data – so who is still hiring?
How machine learning is changing financial services
Future Trends to Disrupt the Banking and Fintech Industry
Connect with us at some of the upcoming events
Connect with us at some of the upcoming events
Holland FinTech Meetup Online: May Edition
Fintech Insights May
MoneyNext Summit 2020 - London, United Kingdom
London Tech Week 2020 - London, United Kingdom
Cognitive Finance AI - Berlin, Germany
Ready to get involved? Click here to find out more.
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