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Global FinTech News - SoFi, Galileo, Google Pay, ABN Amro, Aye Finance, Neat

We’re arriving at a weird place - some countries to continue to have self isolation orders in place,
Global FinTech News - SoFi, Galileo, Google Pay, ABN Amro, Aye Finance, Neat
By Holland FinTech  • Issue #41 • View online
We’re arriving at a weird place - some countries to continue to have self isolation orders in place, some are relaxing them and some are tightening the belt yet again. What does this mean for FinTech? For starters, that the power of community in the fintech space is stronger than ever - check out these self-isolating coders working to support freelancers. Although digital finance has been ramping up for some time, the covid-19 crisis is lining it up for the runway - supersonic flight ahead. Don’t think so? just look at this: Google Pay was the world’s most downloaded payments app in February 2020. India based PhonePe was not far behind. Economic stimulus packages are abound, and in Singapore this is no exception as the government launches a 70 million USD package aimed at the FinTech sector and stimulating digital financial services. The funding dip often spoken about in relation to the COVID-19 pandemic was nowhere to be seen this as we saw major investments like Aye finance securing 23 Million USD, Yapily raising 13 million USD and HK Fintech bank Neat taking home 11 million USD. Incumbent banks continue to have faith in fintech too, with ABN AMRO joining Privitar’s 80 million USD funding round. All in all: a good week for FinTech. 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
Self-isolating FinTech coders build app to support 5 million freelancers over COVID-19 income loss
Another major FinTech exit as SoFi acquires banking and payments platform Galileo for $1.2B (~€1.1B)
Fintech firms join forces to create hardware-free mPOS for Android handsets
Google Pay and PhonePe top global fintech download chart in February
Banks And Fintech Companies Accepting Paycheck Protection Program Loan Applications From New And Non-Bank Customers
Singapore dangles $70M (~€64M) package to help FinTech, FSI firms drive digital efforts
The largest funding rounds we found from across the world
The largest funding rounds we found from across the world
ABN Amro joins $80m (~€73m) Privitar funding round
Indian Fintech Aye Finance Secures $23.8 Million (~€21.7 Million) in Debt Funding
Open banking FinTech Yapily raises $13M (~€12M) Series A
SME-focused FinTech firm Neat banks $11m (~€10m) in series A funding
Hong Kong startup Neat raises $11M (~€10M) Series A to give small companies more financial services
Programmable FinTech payments startup Sila raises $7.7M (~€7M) seed to wipe out ACH
A selection of recent research reports and papers worth reading
A selection of recent research reports and papers worth reading
State Of Retail Tech: Ahead In 2020
Consultation on a new digital finance strategy for Europe / FinTech action plan
AI in Fintech Industry
FinTech Investment Market to Reach $152.94 billion (~€139.66 billion) by 2025
Greater Manchester has largest regional FinTech ecosystem (Report & Map)
Background information and insights from opinion leaders and experts
Background information and insights from opinion leaders and experts
Let FinTech Help Jumpstart The Economy
Take The Lead: The Race Is On For The First Fintech Unicorn To Emerge Out Of The Middle East And Africa Region
6 investors and dealmakers predict which fintechs will soar and which will flop as funding dries up and markets go haywire
Statement by the FATF President: COVID-19 and measures to combat illicit financing
FinTech’s uneven new reality has helped some startups, harmed others
Coronavirus: UK fintech offers to help with CBIL scheme and government support
Connect with us at some of the upcoming events
Connect with us at some of the upcoming events
Holland FinTech Meetup Online: May Edition
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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