From Mollie to Neno: A €6.6M Bet on AI Accounting
Hey FinTech Fanatic!
One story that caught my attention today is Neno.
Founder Nick Knuppe is someone I know and have met several times over the years, including while he was already working on the company. After several years at Mollie and at Juni, he's now building Neno from Amsterdam, and they've just raised €6.6 million.
The idea is to bring bookkeeping, taxes, payroll, and banking together, with AI doing much of the heavy lifting.
I find this interesting because we've seen payments and banking become dramatically easier over the last decade, while accounting still feels surprisingly old-fashioned for many businesses.
Definitely one I'm going to keep an eye on.
And a big shout-out to Pedro d'Avila and everyone who joined the FinTech Run Club in New York this morning.
When I started the FinTech Run Club, this is exactly what I had in mind: bringing people from the industry together in a completely different setting.
It's great to see what Pedro has built in New York, and judging by the pictures from this morning, they had another fantastic turnout. 👇
I can't wait to join them again myself soon!
My next stop in the US will actually be San Francisco first, where I'll be spending quite a bit of time over the next couple of months. More on that soon 😉
But Pedro, save me a spot in New York!
Anyway, plenty more happened in FinTech today.
Let's dive in, and I'll be back in your inbox tomorrow!
Cheers,
INSIGHTS
💡 Unlimit: Preparing Hong Kong Finance for the Quantum Era. Unlimit’s Head of APAC, Michele Fung, joined the HKMA’s FiNETech 8 for the launch of the HKMA’s first whitepaper on quantum computing and Post-Quantum Cryptography. The new Quantum Preparedness Index helps financial institutions assess their readiness, with Hong Kong targeting full quantum readiness by 2030. Check the full whitepaper here
FINTECH NEWS
🇺🇸 Movemint's embedded personalization platform is now available to the banking sector, expanding beyond credit unions to any financial institution. The data-driven platform drives loans, deposits, and non-interest income by surfacing personalized offers across branch, contact center, and digital channels.
🇩🇪 Scalable Capital opens its investment platform to major AI chatbots. Account holders can now use ChatGPT and Claude to conduct trades and analyze portfolios directly through the platform.
PAYMENTS NEWS
🇨🇭 TrustLinq expands its settlement network with Thunes, covering 190+ countries and 80+ local currencies. The Swiss infrastructure lets senders pay in stablecoins while recipients receive ordinary bank transfers on local rails.
🇸🇬 Stripe celebrates 10 years in Singapore by expanding global infrastructure. Over 80,000 businesses now use Stripe locally, with new tools enabling sales in 195 countries without a local entity.
🇦🇺 Commonwealth Bank launches PaidIt to simplify organisational payouts. The platform uses recipient matching, PayID, and ConnectID to deliver funds in under two minutes even when details are incomplete.
🇮🇳 UPI completes 10 years of digital payments revolution, now processing over 24,162 crore transactions annually. The platform accounts for 84% of India's digital payments and nearly 49% of global real-time payment volumes.
🇦🇪 Sharjah integrates the UAE's Jaywan card into its government payment platform. The national payment card is now accepted across all Tahseel channels, recording 558 transactions in H1 2026.
🇦🇺 Pay.com.au brings its Aussie rewards platform to the US. The payments company expands its cashback and loyalty offering into the American market. Read more
🇸🇬 WasabiCard expands global payout capabilities across 30+ fiat currencies. The platform connects stablecoin funding with fiat payment networks for real-time or T+0 settlement across supported corridors.
🇨🇦 RBC establishes a unified global transaction banking business to consolidate its corporate and institutional payments capabilities. The move brings cash management, trade finance, and correspondent banking under a single global structure.
DIGITAL BANKING NEWS
🇧🇷 PicPay reaches 70.4 million clients and posts 135% growth in adjusted net profit. Revenue per active client hit R$92, up 52% YoY, while net revenue rose 67% to R$4.1 billion in Q2 2026.
🇬🇧 Revolut launches a dedicated AI research lab built on its own foundation model. Revolut Research powers PRAGMA, developed with NVIDIA, aiming to set the standard for AI in finance.
🇵🇰 Easypaisa digital bank more than doubles profit to around Rs6bn in H1 2026. Customer deposits grew 67% YoY to Rs158.58bn, with a CASA ratio of 97.46% and capital adequacy well above requirements.
🇺🇸 American Savings Bank files registration statement with the OCC for a proposed IPO. The bank submitted its filing as it pursues a public listing. Keep reading
🇸🇪 Marginalen Bank modernises its decisioning platform with Provenir Cloud2, upgrading infrastructure used across consumer lending, mortgages, credit cards, and corporate lending. The migration aims to increase agility and support faster business changes.
BLOCKCHAIN/CRYPTO NEWS
🇮🇳 India plans its first tokenised bond issue in September, testing blockchain technology for instant settlement of corporate bond transactions. Three sources confirmed the move to Reuters.
🇺🇸 Abound chooses Monad to power its next phase of growth after crossing $500M in remittance volumes. The super-app for global Indians will build a new wallet product on the Layer 1 blockchain.
STABLECOINS
🇦🇪 Zand expands stablecoin access in global markets with USDC support. The UAE digital bank will enable payments, settlement, and treasury operations using both its Dirham stablecoin and USDC.
🇭🇰 Standard Chartered becomes the first bank distributor of HKDAP to unlock real-economy benefits of HKD stablecoins. The bank will distribute HKD stablecoins issued under the HKMA's Project Ensemble framework to institutional and corporate clients.
PARTNERSHIPS
🇬🇧 OpenPayd integrates with Circle Payments Network for near-instant global fiat payments. Businesses can now settle cross-border payments in seconds using stablecoin infrastructure behind the scenes.
🇸🇬 Visa joins the MAS-led BLOOM initiative to connect traditional payments and stablecoin networks. Nium is Visa's first partner to pilot stablecoin settlement, exploring faster cross-border money movement under the framework.
🇪🇺 payabl. teams up with Visa to help merchants resolve disputes and prevent chargebacks. The partnership aims to give merchants faster tools to handle payment disputes before they escalate.
🇳🇱 Mollie partners with Guzco to automate dispute handling for its 250,000 merchants. The integration gathers carrier data and delivery proof to build evidence and contest chargebacks automatically.
🇬🇧 Enterprise Nation and NatWest partner to reach 80,000 more small businesses. The collaboration connects founders with advice, workspace, and funding opportunities through a combined network.
🇨🇭 Payouts.com and Casper Association partner on AI agent payments, enabling compliant, dollar-denominated transactions via the csprUSD stablecoin. The integration uses the x402 protocol to let agents pay for API calls and data without human intervention.
🇭🇰 HashKey Exchange and Franklin Templeton collaborate to bring a tokenized US government fund to Asia. The Franklin OnChain U.S. Government Liquidity Fund launched on HashKey's Earn Channel on August 24
🇺🇸 Flagright becomes a Nacha Preferred Partner for ACH compliance and fraud monitoring. The platform uses machine learning to detect mule activity, account takeover, and multi-account abuse in real time.
DONEDEAL FUNDING NEWS
🇳🇱 Former Mollie employee raises millions for AI-powered bookkeeping startup Neno. The 38-year-old founder secured funding to automate accounting workflows for businesses.
🇩🇰 Lunar co-founders launch AI audit startup Repodo, raising over €8.2M in pre-seed funding led by Hedosophia and Seed Capital. The platform automates repetitive audit tasks for SMEs across European markets.
🇺🇸 Payload raises funding with backing from Fifth Third Bank to expand its B2B payments platform. The Cincinnati-based startup will use the capital to grow its payment infrastructure for businesses.
🇻🇪 Venezuela's Fina raises $1M seed to build a FinTech for small businesses. SquareOne Capital and Tomorrow Capital co-led the round to expand its financial platform for SMEs.
🇺🇸 Aliaswire lands a $6M debt round at $100B in payments processed. Flow Capital led the financing for the billing and receivables platform, which serves over 7,000 customers.
🇺🇸 Imprint secures $2 billion in new debt funding as institutional demand grows. The co-brand credit card FinTech is scaling its lending capacity with fresh capital. Read more
🇬🇧 Hivemind Digital Group announces a $17 million strategic round led by M&G Investments, accelerating its tokenization infrastructure and institutional partnerships globally. M&G's Alex Seddon joins Hivemind's board as the firm deploys capital into tokenized asset opportunities across traditional and digital asset classes.
🇺🇸 Fiat Ventures rebrands to FGV Capital, announcing a $35 million oversubscribed Fund II backed by RGA, MassMutual, and Bank of America. The raise exceeded its original $25 million target and brings total AUM to over $60 million.
🇦🇪 Oro secures a $3 million strategic round to accelerate natural-language AI and agentic finance, co-led by MH Ventures and Mapleblock Capital. The raise brings total funding to $4 million, with capital earmarked to reach 10 million active users via mobile apps and B2B integrations.
M&A
🇺🇸 Kavaliro acquires The Oakleaf Group's FinTech Consulting practice, expanding its reach in the GSE and housing finance sectors. The deal adds expertise in mortgage finance, capital markets, and regulatory consulting for housing organizations.
MOVERS AND SHAKERS
🇺🇸 TransPerfect appoints Mark Lawyer to head its global consulting practice, expanding enterprise advisory capabilities around AI and digital transformation. Lawyer brings 20+ years of experience advising Fortune 500 firms in regulated industries including financial services.
🇦🇹 IXOPAY appoints Ajoy Krishnamoorthy as CEO to accelerate growth and advance payments for the agentic age. Krishnamoorthy joins from a background in enterprise software and payments infrastructure. Read more
🇸🇬 Revolut taps banking and government veterans for its Singapore advisory board. Former GXS Bank CEO Charles Wong, ex-Minister of State Teo Ser Luck, and governance specialist Yvonne Aw join to support local growth.
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