Moneybox Joins the Billion-Dollar Club
Hey FinTech Fanatic!
If you've been reading my newsletter, you may remember that not long ago I covered Moneybox's latest annual results, where the company reported another year of strong growth across customers, assets under administration, and revenue.
Today, the company is back in the headlines.
Moneybox is preparing a secondary share sale that values the business at around £800 million ($1.1 billion), while also becoming one of the first FinTechs to use the London Stock Exchange's new PISCES framework.
Another familiar UK FinTech name is making news as well. Tom Blomfield, Monzo's co-founder, has joined Anthropic, highlighting how AI talent is increasingly flowing into the companies building the next generation of financial infrastructure.
There's much more waiting below.
You'll also find a comparison of Revolut vs Chime, looking at how two of the world's largest digital banking platforms are growing in very different ways, and why Revolut's US banking ambitions could make that competition even more interesting.
See what else is shaping FinTech. 👇 See you tomorrow!
Cheers,
#FINTECHREPORT
📊Revolut 🆚 Chime in 2025
Here's a comparison of key figures👇
FINTECH NEWS
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🇦🇪 Tabby launched Tabby Cash, a cashback spending account, as it expands beyond BNPL. The new account comes with the Tabby Cash Card, offering up to 3% cashback on selected categories and international spending for Tabby Plus members, while non-Plus users receive 1% cashback.
🇳🇱 Klarna faces a class action lawsuit in the Netherlands. Stichting Massaschade & Consument is preparing a class action lawsuit against Klarna, alleging its buy now, pay later services violate Dutch consumer credit rules. The claim seeks reimbursement of payments and fees, with potential liabilities estimated at more than €500 million.
🇦🇪 Remitly granted a Stored Value Facilities licence from the Central Bank of the UAE. With the SVF licence secured, Remitly will be able to bring new products, purpose-built to serve UAE customers. Keep reading
🌍 Payaza expands to Australia and New Zealand to tap cross-border trade corridors. These regulatory authorisations enable the company to facilitate remittances, cross-border payments, foreign exchange services, and certain virtual asset transactions, strengthening its ability to move money between businesses across multiple jurisdictions.
PAYMENTS NEWS
🇦🇺 Stripe has launched a beta version of Treasury in Australia, expanding beyond payments into business banking and treasury services. The offering includes business accounts, virtual cards, multi-currency support and stablecoin capabilities, strengthening Stripe's competition in cross-border financial services.
DIGITAL BANKING NEWS
🇺🇸 Revolut to launch a US bank in 2027, says US boss Cetin Duransoy, pending regulatory approval, with services including FDIC-insured deposits, loans, credit cards and access to cryptocurrencies. Continue reading
🇭🇰 ZA Bank has reported a net profit of HK$49 million while surpassing one million users. The bank attributed its growth to strong performance in wealth management, Web3 and AI, alongside expanding digital asset services and continued investment in AI-powered risk management.
BLOCKCHAIN/CRYPTO NEWS
🇺🇸 Kraken supports the Tempo blockchain, enabling native deposits and withdrawals of USDT0 and USDC.e. The integration gives FinTechs, payment companies and stablecoin issuers access to Tempo's sub-second settlement and stablecoin-based transaction fees through Kraken's platform.
🇺🇸 Kraken plans app relaunch with AI trading agents. The update positions autonomous AI agents as the core element of the trading experience, aiming to deliver personalized guidance and market monitoring that adapts to individual user objectives.
🌍 Stablecoin market cap has shrunk by $10 billion since May, but an analyst sees no reason to panic. The stablecoin market recorded its largest monthly contraction since 2022, with market capitalization falling by about $7.7 billion in June as crypto trading activity and on-chain liquidity weakened. Read more
🇪🇺 Webull receives approval to offer crypto in the European Union. With this approval, Webull will be able to provide regulated custody services for crypto assets to its European clients, with investor protection and operational standards guaranteed by MiCAR.
🇺🇸 Kalshi launches ‘Pro’ product for users trading multiple markets. Kalshi Pro is designed for speculators who trade multiple markets at the same time and move with speed during live events. The platform is also designed to support those who run resting orders, trades that don’t execute until certain prices are met.
🇰🇷 KakaoPay Securities wins a broker-dealer license and enters the Korean IPO market. With this license, Kakaopay Securities can now underwrite, trade, and sell marketable securities using its own capital in addition to its existing brokerage of marketable securities.
PARTNERSHIPS
🇵🇰 Mastercard and Bank of Punjab expand strategic partnership to boost Pakistan’s Digital Economy. The collaboration will focus on transit payments, government disbursements, cross-border remittances, and expanding the adoption of secure digital payment solutions across the country.
🇻🇳 Vikki Digital Bank becomes the official bank in Vietnam in the first domestic market partnership for AUFC. The partnership will promote the bank's digital financial services through fan engagement initiatives and integrate its banking platform with VietJet's ecosystem to combine travel, payments and loyalty benefits.
🇪🇺 European Dynamics and Viva.com have been selected by the European Commission's DG TAXUD to develop and operate the central payments platform for the EU's Carbon Border Adjustment Mechanism. The platform will manage certificate payments for businesses across all 27 EU member states.
🇧🇴 Bolivia weighs adding Tether's USDT to its national payments system as part of a broader effort to modernize digital payments. The proposal follows the country's easing of crypto restrictions and a sharp increase in digital asset adoption, though the framework remains under regulatory review.
DONEDEAL FUNDING NEWS
🇬🇧 Moneybox Valuation climbs to £800M as it prepares a PISCES-enabled secondary share sale for long-serving employees. The transaction follows continued growth, with the company surpassing £115 million in annual revenue, achieving its third consecutive year of profitability, and growing to more than 1.9 million customers with over £23 billion in assets under administration.
🇺🇸 Gauntlet lands $125m Series C from SBI Holdings. The start-up says it has earmarked the funding to support scaling the infrastructure that broadens its role across traditional capital markets, including expanded stablecoin coverage beyond USD and EUR to MXN, JPY, and more foreign stablecoins to follow.
🇮🇩 JULO raises US$5 million from existing investors. The Indonesian digital lender, which uses machine learning to power its credit platform, has disbursed more than 28 trillion rupiah in loans to over 3.3 million users since its launch. Read on
🇮🇳 Indian Microfinance Firm Arohan Financial secures $30m investment commitment. The proceeds would be used to further grow Arohan’s lending portfolio, particularly in underserved rural and semi-urban markets in northern and eastern India.
🇮🇳 OneCard to raise Rs 72 Cr in its ongoing Series D round led by Peak XV. The capital will support the mobile-first credit card platform as it continues discussions with regulators to resume new co-branded card issuance. Continue reading
🇲🇦 ORA Technologies extends Series A to $10m, betting on Morocco’s consumer FinTech market. The new funding will help to accelerate the growth of its digital payments business and food delivery platform while strengthening last-mile logistics and the cash collection network that still underpins much of Morocco’s delivery economy.
🇦🇪 ADI Chain secures $50m strategic investment to scale sovereign blockchain infrastructure. The funding supports institutional-grade Layer-2 solutions for governments and enterprises, powering live projects like the DDSC dirham-pegged stablecoin and the official FIFA World Cup prediction market, Predictstreet.
🌍 Lissi GmbH secures 3.5 Million Euros. With this new round of funding, Lissi aims to become the market leader in EUDI wallet integrations in the financial sector and to strengthen its position as a provider already trusted by numerous large financial companies.
M&A
🇬🇧 Mastercard examines the sale of UK payments subsidiary Vocalink. The potential deal comes amid concerns over foreign ownership of critical payments infrastructure and increased regulatory scrutiny of the UK payments market. Keep reading
🇫🇮 Finland’s S-Bank enters a €571m deal to acquire Oma Savings Bank, offering €17.20 per share in cash. The proposed acquisition, backed by shareholders representing nearly 60% of Oma Savings Bank, would strengthen S-Bank's retail banking presence and expand its customer base in Finland.
MOVERS AND SHAKERS
🇺🇸 Anthropic recruits Monzo cofounder Tom Blomfield for AI compute team. The move comes as Anthropic expands its engineering talent and European operations to support the next generation of AI infrastructure. Read more
🇺🇸 Bullish appoints Thomas Cowan as Head of Tokenization. The company aims to expand its market infrastructure offering by combining its regulated digital asset platform with CoinDesk's data services and Equiniti's transfer agency capabilities, pending the completion of its acquisition.
🇺🇸 Ally Financial names Mark Mathewson Chief Information and Data Officer. In this role, Mathewson will lead the company's technology and data organization across all functions and lines of business, advancing Ally's technology and data capabilities and driving the next phase of technology transformation for the nation's largest all-digital bank and leading auto lender.
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