Revolut and Wise investor Index Ventures raises $2.3 billion
I'll keep it short. Had my focus on the big game today.
Cheers,
INSIGHTS
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FINTECH NEWS
๐จ๐ด Chilean paytech Vita Wallet announces launch of its first virtual debit card in Colombia. Vita Card will operate under the VISA umbrella as a card that could facilitate companies in making payments both in Colombian pesos and in dollars, using the available balance in their account.
๐ง๐ท FinTech Sicredi launches new app features for transferring money and sharing financial history via WhatsApp. With this launch, Sicredi's Open Finance has gained two new features to meet the needs of members in Roraima with convenience and security. Read on
PAYMENTS NEWS
๐จ๐ณ Thunes powers LianLian globalโs new payment service. This collaboration demonstrates Thunesโ commitment to support the growth of Chinese e-commerce and simplify cross-border payments internationally. LianLian Global Payout Service addresses the challenges of traditional cross-border payments, such as high costs, slow processing times and complex procedures.
๐ต๐ช Fintech Minka partners with Gmoney and Globokas to expand instant payments in Peru. This new alliance is created to impact a market that today moves more than 390 billion dollars a year according to the latest report from the Central Reserve Bank of Peru.
๐ช๐ฌ enza and TerraPay announce a partnership to transform the payments landscape in Africa. By partnering, the organisations aim to tackle two problems that have inhibited the growth of businesses across Africa, and in doing so accelerate financial inclusion.
๐ฎ๐ฑ Wix adds new features allowing merchants to customize checkout forms. The new features let merchants add custom fields to the checkout form, customize field layouts, and adjust settings such as descriptions, mandatory status, and PII requirements, according to the email.
๐ด๓ ง๓ ข๓ ณ๓ ฃ๓ ด๓ ฟ Payment orchestration provider BR-DGE has announced the launch of its white-label payment orchestration solution, which is set to propel payment acquirers, gateways, platforms and other ecosystem players with agile and customisable modular tech to stand out in a fiercely competitive market.
๐ธ๐ฌ Fave Singapore gets in-principle approval for payments license. This approval allows Fave to offer account issuance, merchant acquisition, and domestic money transfer services. The company plans to continue rolling out innovative commerce products in partnership with Pine Labs.
OPEN BANKING NEWS
๐ฆ Open Banking-Based A2A Payments & Technology Providers ๐
DIGITAL BANKING NEWS
๐ณ๐ฟ Dosh seeks licence to become countryโs first pure digital bank. Shane Marsh, Dosh co-founder, said Dosh was not planning on opening any branches, and would be a digital-only bank offering deposits, personal loans and home loans, the last focused on young people trying to buy their first home.
๐ฎ๐ช N26 launches stocks, ETFs trading and investment management in Ireland and The Netherlands. This new offering allows customers to manage their investment portfolio directly through the N26 app, alongside their personal bank accounts, savings accounts, joint accounts, and crypto holdings.
โก๏ธ Monzo Bank ๐ Starling Bank ๐ Revolut
BLOCKCHAIN/CRYPTO NEWS
๐ฌ๐ง Cryptocurrency wallet provider Argent is partnering with Mastercard and blockchain startup Kulipa on a new crypto-powered payment card. The arrangement will incorporate zero-knowledge technology from Starknet, according to a press release issued Tuesday.
๐ฎ๐น Italy lays out MiCA guidelines for operating crypto companies. Under MiCA ruling, issuers of electronic money tokens are required to comply, apply and hold โrelevant authorisationsโ โ such as an Electronic Money Institute (EMI) licence for example โ to carry out activities within the European Union.
DONEDEAL FUNDING NEWS
๐บ๐ธ Compliance startup Niva raises $3.3M: Niva's mission is to make it effortless to trust legitimate businesses anywhere in the world. Explore the full article for more info
๐บ๐ธ Canoe Intelligence secures $36m in Series C funding led by Goldman Sachs for AI expansion. The newly acquired funds are earmarked for several strategic initiatives. Primarily, Canoe plans to further its development of cutting-edge AI technologies that promise to revolutionize the management of alternative investments.
๐ฌ๐ง Index Ventures announced $2.3 billion in new funds to forge relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses. The firmโs fundraise comes at a pivotal moment for the global startup ecosystem.
MOVERS & SHAKERS
๐ฑ๐บ Mangopay chooses Mark Fleming as its new Chief Commercial Officer. Mark will join CEO Romain Mazeries' management team to spearhead the company's international expansion and growth into new customer sectors, furthering its impact on the platform economy.
๐ฌ๐ง Payabl. appoints Esfira Zakas as Chief Marketing Officer. Esfira has been promoted from Head of Marketing into the new role, evidencing payabl.โs commitment to leveraging internal talent and fostering inclusive leadership. Read more
๐ณ๐ฑ BUX names new Chief Risk & Compliance Officer amid acquisition. Nontya Mtshaulana will join the neobroker from ABN AMRO, its new owner. At BUX, she will lead the companyโs risk, legal, and compliance efforts and ensure practices that safeguard the interests of clients and stakeholders.
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