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Marcel van Oost

Stripe, Wise Founders Push for a European Tech Renaissance

Stripe, Wise Founders Push for a European Tech Renaissance

Hey FinTech Fanatic! On Monday, some of the biggest names behind Europe’s tech unicorns rallied together, signing an open letter for a “tech renaissance” across the bloc. The proposal is for a single pan-European entity named EU Inc to streamline growth, cut through the tangled web of regulations, and

TD Bank Slapped with $3 Billion Fine for Failing to Prevent Cartel Money Laundering

TD Bank Slapped with $3 Billion Fine for Failing to Prevent Cartel Money Laundering

Hey FinTech Fanatic! TD Bank is in hot water, slapped with a record $3 billion fine for failing to monitor drug cartel money laundering activities. The settlement includes a $1.3 billion penalty to the US Treasury’s FinCEN and a $1.8 billion payout to the Department of Justice

Monzo Employees Set to Cash in as Valuation Hits to £4.5 Billion

Monzo Employees Set to Cash in as Valuation Hits to £4.5 Billion

Hey FinTech Fanatic! Monzo’s valuation is on the rise, now hitting £4.5 billion, and it’s giving hundreds of its employees a chance to profit from the boom. The digital banking powerhouse announced a secondary share sale backed by some of the world's top tech investors.

Revolut is Now Applying for a Banking License in Colombia

Revolut is Now Applying for a Banking License in Colombia

Hey FinTech Fanatic! Revolut has officially announced its move to obtain a full banking license in Colombia. This move places them directly in competition with over 60 financial institutions, from industry giants like Bancolombia and Banco de Bogotá to digital disruptors like Nu. And they’re not stopping there – they&

FTX Approved to Repay Billions After Bankruptcy Plan

FTX Approved to Repay Billions After Bankruptcy Plan

Hey FinTech Fanatic! FTX, once a giant among crypto exchanges, just got the green light for its bankruptcy plan, signaling a significant step towards customer repayment. The court-approved strategy will enable FTX to reimburse up to 98% of customers using a substantial $16.5 billion in recovered assets, prioritizing those

UAE Makes Crypto Transactions VAT-Free

UAE Makes Crypto Transactions VAT-Free

Hey FinTech Fanatic! The UAE has taken a significant step in the digital finance landscape by exempting all crypto transactions from value-added tax (VAT). Effective November 15th, this regulatory change means that digital assets are now treated similarly to traditional financial services, free from the usual 5% VAT. This isn&

TrueLayer Lands $50M to Power Pay-by-Bank Growth

TrueLayer Lands $50M to Power Pay-by-Bank Growth

Hey FinTech Fanatic! TrueLayer, a leading pay-by-bank network in Europe, just secured an extra $50 million, extending its Series E to fuel its path to profitability. This funding, led by Northzone with big names like Tencent and Stripe jumping in, solidifies TrueLayer’s position as a trailblazer in digital payments.