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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,

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.

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

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

Hey FinTech Fanatic! This week, we're celebrating a nice milestone in the FinTech world: Revolut has turned 9 years old! To mark this occasion, I shared the pitch deck Revolut used to raise their first $1.5 million seed round back in 2015. It’s fascinating to see

Hey FinTech Fanatic! New data from Innovate Finance reveals a significant downturn in global FinTech investment in the first half of 2024. The total capital invested worldwide reached $15.9 billion, a 19% decrease from the $19.5 billion recorded in the second half of 2023. This decline mirrors the

Hey FinTech Fanatic! Stripe’s valuation has edged up to $70 billion, spurred by Sequoia Capital's recent move to purchase shares from current investors seeking to exit the FinTech company, which specializes in payment processing for merchants. Sequoia Capital has proposed a share price of $27.51, as