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Marcel van Oost

New UK Regulations on 'Buy Now, Pay Later' Firms

New UK Regulations on 'Buy Now, Pay Later' Firms

Hey FinTech Fanatic! The U.K. government will soon announce new regulations for "buy now, pay later" (BNPL) firms like Klarna and Afterpay, following repeated delays. Tulip Siddiq, the new economic secretary to the U.K. Treasury, highlighted the need for regulation to protect consumers and provide sector

Big Milestone for Revolut as It Finally Receives UK Banking License

Big Milestone for Revolut as It Finally Receives UK Banking License

TGIF! Revolut, the London-based FinTech company, has finally secured a UK banking license from the Prudential Regulation Authority. This achievement concludes a three-year regulatory journey, significantly elevating Revolut’s status in its home market. The company announced on Thursday that the newly acquired banking license comes with certain restrictions, enabling

Sokin Secures $31M Investment from Morgan Stanley and More

Sokin Secures $31M Investment from Morgan Stanley and More

Hey FinTech Fanatic! I’m excited to share some great news about one of my portfolio companies, Sokin. Morgan Stanley has led a $31 million investment into this international payments FinTech. Notable investors include Aurum Partners and former PayPal CCO Gary M., who will join Sokin’s board. Sokin’s

Open Banking in UK Hits Major Milestone: 10 Million Users and Growing

Hey FinTech Fanatic! More than 10 million UK consumers and small businesses are now regularly benefiting from open banking technology. This milestone, achieved six-and-a-half years after the UK's open banking rollout, has fostered an ecosystem valued at over £4 billion and created approximately 5,000 skilled digital jobs,

Airwallex Expands Rapidly Across EMEA with 152% Revenue Increase YOY

Airwallex Expands Rapidly Across EMEA with 152% Revenue Increase YOY

Hey FinTech Fanatic! Airwallex, a prominent global payments and financial platform, is rapidly expanding in the Europe, Middle East, and Africa (EMEA) region, boasting a 152% year-on-year (YoY) revenue increase and a 125% rise in transaction volume. This growth is notable given the challenging economic environment for the FinTech sector.

European Central Bank Pressures Revolut, Green Dot Faces Penalties, Nubank Celebrated

European Central Bank Pressures Revolut, Green Dot Faces Penalties, Nubank Celebrated

Hey FinTech Fanatic! The European Central Bank (ECB) has urged Revolut to enhance its financial crime controls and governance after a review raised concerns. This follows similar issues delaying the UK FinTech's banking license application. The ECB, now directly supervising Revolut Holdings Europe UAB, has found several deficiencies

Apple's Financial Offerings: Tech Company or Bank in Disguise?

Apple's Financial Offerings: Tech Company or Bank in Disguise?

Hey FinTech Fanatic! Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans. The US bank informed credit cardholders on their latest statements: "Effective October 10, 2024, you will not be able to use Chase credit cards to pay for third-party