Feb 4, 2022

Global FinTech News - 4th February 2022

By Holland FinTech • Issue #136 • View online

Dear reader,

This week the world witnessed the global stock market suffer its severe declines, making it the worst start of the year since the global financial crisis, and the biggest drop since the start of year since the start of the covid pandemic in 2020. Especially tech stocks were performing bad, with some serious hit on the valuations of Meta and Paypal in particular, last 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

Benelux ESG Series Session 3: Governance - Holland FinTech

Join us for the third and final session of the Benelux ESG series as we tackle the “G,” Governance, and discuss why it’s vital to the success of an organization

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Holland FinTech Meetup - Holland FinTech

Our Holland FinTech Online Meetups allow the international Fintech ecosystem to gather together and allow for the companies of our Network to stay at the Forefront of Innovation. If you are looking for exposure, new customers, investors, team members, or cool startups, you will surely meet them here!

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Highlights from last weeks news related to fintech

Weekly News Highlights - 3 February 2022 - Holland FinTech

Stay up to date with the latest news from fintech! This week, we bring you updates and developments on partnerships, banking, IPO, stock and more:

Banking Circle has acquired Biller, a Buy Now, Pay Later (BNPL) startup for B2B payments
Amsterdam-based business-to-business SaaS investment firm Connected Capital closed its oversubscribed Fund II at a total of 154 million euros, bringing its total committed capital to over 200 million euros
Chicago-based banking technology provider Amount has purchased Linear Financial Technologies for $175 million in cash and stock
FTX Trading Ltd. is set to acquire fintech Liquid Group in a push to increase its presence in Japan
PayPal stock was in free-fall as investors—and Wall Street—reassessed the payments company after it issued a particularly disappointing outlook for 2022
U.K. FinTech Trust Payments has acquired retail technology firm WonderLane, the company announced in a news release
Money transfer specialist Zepz is planning to go public at a $6 billion valuation in the US instead of listing in its native UK

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 - 2 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 and more:

Fireblocks (New York, NY, US), a platform that allows financial institutions to store, move and issue cryptocurrencies, has raised US$550 million (€481 m) in Series E funding
Creditas (São Paulo, Brazil), a fintech firm has secured $260 million (€226.7m) in a Series F funding round
Koho (Toronto, Canada), a fintech firm has raised C$210 million (€183m) in funding and set out plans to let customers get early access to a portion of their paycheques
Rain (LA, US), a cryptocurrency platform has raised $110 million (€95,8m) in a Series B funding round
CoinTracker (San Francisco, CA, US), the market leader in cryptocurrency tax and portfolio tracking for consumers, secured $100m (€87.1m) in Series A financing
PlexTrac (Boise, Idaho), a cybersecurity software company, raised $70m (€61m) in Series B funding
Other interesting funding rounds this week: OneShield Software $50M (€43,6m), Inspectorio $50M (€43.6m), Ascend $30M (€26.2m), Vesta $30M (€26.2m)

Read more about this week’s funding here.

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A selection of recent research reports and papers worth reading

Weekly Research Highlights - 1 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:

“Global Cybersecurity Outlook 2022” (Weforum) - The first Global Cybersecurity Outlook flagship report identifies the trends and analyzes the near-term future cybersecurity challenges
“Q2 Unveils 2022 State of Commercial Banking Market Analysis Report” (Fintech Future) - Q2’s PrecisionLender data predicts increased loan demand for large and mid-market firms and reveals cautious optimism for market recover
“Fintech Market Size (2022-2030) | Top Key Company Profiles – PayPal Holdings, Tencent Holdings Ltd, Envestnet, Square, Ant Financial Services Group, Robinhood (Bristolcityst) - The Fintech Market report covers the whole scenario of the global market including key players, their future promotions, preferred vendors, market shares along with historical data and price analysis
"Banks to face fintech challenge head-on in 2022: report” (Capital) - The line between FinTechs and incumbent banks will become blurred this year as the former forces the latter to heavily invest in digital and seek new partnerships, according to a new report from consultancy Capgemini
“Africa: Which countries are investing in fintech?” (The Africa report) - Let us assume, for a second, that the world will belong to those countries who best master the technology of today and best prepare for the technologies of tomorrow. How might that be fostered?

Read more about this week’s research here.

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Background information and insights from opinion leaders and experts

Weekly Anlysis and Opinion Highlights - 31 January 2022 - Holland FinTech

And we’re finishing off the week with new details on banking, partnerships, funding, credit unions, open banking and more:

“Why everyone will know the term embedded lending in 2022” via (Fintech Futures) - Embedded lending is booming. Over the past year, we’ve seen huge numbers of retailers offering lending services to consumers with new buy now, pay later (BNPL) offerings providing a much-needed boost to spending in the sector
“Five Banking As A Service Trends To Watch In 2022” via (Forbes) - Chris Dean, CEO and co-founder of Treasury Prime, a leading banking as a service (BaaS) provider. Remember pets.com? The late ’90s pet supplies e-commerce site became shorthand for a lesson of the dot-com bubble: What sounds cool doesn’t always make money. But the idea behind pets.com wasn’t the problem
“Garden of Eden: how Africa’s digital transformation promises to boost the continent: via (Fintech Futures) - Africa has all the makings of a world-beating fintech ecosystem. A perfect storm of demographics, technology and opportunity have set the stage for Africa, home to some of the world’s fastest growing economies and dynamic tech centres, to become a global fintech powerhouse
"Fintech meets sustainability as new-age entrepreneurs bet on green energy” via (BS) - Entrepreneurs are trying to lure investors to such platforms with monthly returns, carbon credits and even discounts on electricity bills. The fast growth of green energy capacity in the country is attracting new-age entrepreneurs to develop business ideas to tap a generation which is ready to go green
“The proliferation of digital transformation: from ‘nice to have’ to a necessity for success” via (Fintech Futures) - The overarching concept of digital transformation is to use technology to replace manual processes with automated, digital ones and to replace older, legacy systems with modern, agile technologies

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

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