Dutch FinTech In3 Gets Acquired by TrueLayer
Hey FinTech Fanatic!
News from my native Netherlands continues to make headlines, with the latest buzz being TrueLayer's acquisition of Dutch FinTech In3.
The reason why I found this deal so interesting is because it appears to make TrueLayer the only Pay by Bank network in Europe to offer both debit and credit at checkout.In3 specialises in consumer credit delivered through bank payments, and it will continue to operate from the Netherlands while its tech is integrated into TrueLayer’s platform.
You might wonder: Aren’t credit products already available at checkout?
The short answer is yes. However, they are mainly built on card rails, and the European payments market still relies heavily on US infrastructure.
TrueLayer is bridging this gap by combining immediate payment methods and credit products into a single, seamless, bank-based payment flow.
A notable move in the ongoing shift toward account-to-account payments and greater European payments independence.
Scroll down to find your FinTech roundup of today 👇See you tomorrow!
Cheers,
HOW FINTECH PERFORMED LAST WEEK
📈 Here’s how listed FinTech companies performed over the past week:
PAYMENTS NEWS
🇫🇷 Triple-A has secured a MiCA-authorized CASP license from France’s AMF, allowing it to provide regulated digital asset services across all 30 EU and EEA member states. Combined with its Payment Institution license, the approval strengthens the company’s regulated stablecoin payment and payout capabilities in Europe.
🇪🇺 ClearBank Europe has launched Digital Asset Rails, enabling programmable liquidity for cross-border settlements with 24/7 EUR payouts via SEPA Instant. The new capability connects stablecoin transfers with regulated banking infrastructure to improve liquidity efficiency and reduce prefunding needs.
🇬🇧 Nayax targets UK self-service market. The FinTech has launched VPOS Media 4 in the UK, a PIN-enabled Android payment terminal for unattended commerce. Designed for sectors such as vending, EV charging, and parking, it supports contactless and chip-and-PIN payments while enabling remote management and customer engagement.
🇮🇱 Israeli FinTech Rapyd is undergoing a restructuring expected to result in hundreds of layoffs as the company shifts toward a more AI-driven operating model. The move reflects broader industry efforts to improve efficiency amid evolving technology trends and economic pressures.
🇳🇱 Dutch payment processor Silverflow is accelerating its international expansion. The company has added a new US customer, expanded its workforce by more than 20%, and is nearing one billion annualized transactions as demand for its cloud-native payments infrastructure grows.
DIGITAL BANKING NEWS
🇬🇷 Revolut has surpassed two million customers in Greece, making it one of the FinTech’s fastest-growing markets globally. The company also plans to open a local branch and introduce Greek IBANs, expanding its banking services as adoption for payments, savings, and investments continues to grow.
BLOCKCHAIN/CRYPTO NEWS
🇺🇸 FalconX has confidentially filed with the SEC for a potential IPO and is working with investment banks as it moves toward public markets. The institutional crypto trading platform has surpassed $2.5 trillion in cumulative trading volume and recently expanded its capabilities through the acquisition of 21Shares.
🇫🇷 France’s financial regulator has warned crypto firms that fail to secure a MiCA licence by June 30 could face blacklisting and enforcement action if they continue serving EU customers. The warning comes as the EU completes the rollout of its new crypto regulatory framework.
🇺🇸 Tether’s U.S.-focused stablecoin USAT grew more than 540% in April, with its market capitalization rising to over $140 million. While the growth highlights increasing institutional adoption, the token remains significantly smaller than rivals, including USDC, PYUSD, and RLUSD.
🇺🇸 Coinbase brings global crypto derivatives to US market. The offering includes crypto options and, soon, perpetual futures, eliminating the need for offshore structures to access international liquidity. Continue reading
PARTNERSHIPS
🇹🇭 KBank and Ant International partner on cross-border payments and liquidity management in Thailand. The collaboration will combine banking services, AI-powered financial solutions, and blockchain-based settlement capabilities to support real-time USD transactions and improve treasury efficiency.
🌍 Mynt has signed agreements with Ayala, Mitsubishi, and MUFG to support the expansion of GCash, including new opportunities in lending, wealth management, and digital payments. Separately, GCash partnered with TransferGo to enable real-time remittances from the UK and Europe directly into GCash wallets.
🇺🇸 Gemini partners with Grok for AI-powered prediction market feeds. The collaboration will add what Gemini is calling a “Command Center” intelligence layer, designed to serve up personalized recommendations for binary event contracts tied to real-world outcomes.
🌍 DigiPay Group and Belmoney launched DigiTransfer, a mobile app that enables money transfers from France and Belgium to the Republic of Congo and the DRC. The service supports transfers to mobile wallets and bank accounts within minutes, aiming to reduce remittance costs and expand digital payments in Central Africa.
DONEDEAL FUNDING NEWS
🇮🇪 Payslip has secured growth financing from Salica Investments to support international expansion and further development of its AI-powered payroll platform. Payslip, which automates payroll operations across more than 125 countries, reported strong growth and continues to expand its global enterprise customer base.
M&A
🇰🇷 OKX confirms $53 million investment to acquire 20% stake in Coinone crypto exchange. Coinone secured strategic investments from OKX Ventures, Korea Investment & Securities (KIS), and Com2uS affiliates. OKX Ventures and KIS will each acquire a 19.6% stake, becoming the exchange’s joint third-largest shareholders pending regulatory approval.
🇳🇱 TrueLayer has acquired Dutch FinTech In3 to add consumer credit capabilities to its Pay by Bank network. The deal will enable shoppers to choose between instant bank payments and Buy Now, Pay Later options at checkout, expanding TrueLayer’s open banking payments offering across Europe.
🇳🇿 Cuscal has completed its acquisition of New Zealand payments provider Paymark, which will now operate as Cuscal Paymark. The deal expands Cuscal’s presence across Australia and New Zealand, strengthening its payments infrastructure capabilities while allowing Paymark to continue operating as a standalone business.
MOVERS AND SHAKERS
🇨🇭 iCapital has appointed Brooks Entwistle as Head of International to succeed Marco Bizzozero. Based in Zurich, the former Goldman Sachs executive and Ripple leader will oversee the firm’s global operations across Europe, Asia-Pacific, Latin America, and Canada as the company continues to expand its alternative investment platform.
🇬🇧 Zilch has appointed Florence Quirici as Chief Corporate Affairs Officer, tasking her with leading the company’s public affairs and communications strategy. The appointment comes as the payments platform accelerates its international expansion. Read on
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