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🤑The Top 10 European FinTech Deals

🤑The Top 10 European FinTech Deals

As the Crypto Asset Markets Regulation (MiCA) looms on the horizon, leading FinTech players such as Revolut, PayPal, and various crypto businesses are seeking more time to adapt to the forthcoming changes. MiCA, set to take effect across all European Union countries in December 2024, aims to establish a unified

Goldman wants out of Apple deal and Adyen to go live with Tap to Pay on iPhone in Australia

Goldman wants out of Apple deal and Adyen to go live with Tap to Pay on iPhone in Australia

Apple Card and Apple Savings are performing so poorly for Goldman Sachs, one executive has reportedly said that "we should never have done this f****** thing." Goldman Sachs invested heavily in its consumer lending projects, most notably on the Apple Card but also in others such as a

Navigating the Storm: FinTech's Uncharted Waters

Navigating the Storm: FinTech's Uncharted Waters

The FinTech landscape is buzzing with the echoes of disruption, change, and a certain tumultuousness that has investors on edge. A cascade of events has unfurled in the sector, starting with Adyen's palpable $13 billion evaporation in market cap last month, a swift reaction from stakeholders when it

The Battle for Payment Processing Dominance

The Battle for Payment Processing Dominance

Last year, in a bid to counter competitors like Dutch firm Adyen, PayPal cut prices in its payment services sector. This move seems effective, but its implications remain in question. In the realm of payment processing, margins are slim. In 2022, PayPal's net revenue was $27.5 billion,

Klarna’s AI-powered shopping update + Apple’s Open Banking feature launched in the US🇺🇸

Klarna’s AI-powered shopping update + Apple’s Open Banking feature launched in the US🇺🇸

Good morning FinTech Fanatic! Let's start the day with news from the US where Apple Wallet now allows Discover US credit card customers to view their card balance and transaction history, following a functionality already launched in the UK. The feature is part of the iOS 17.1

Revolut's Rebrand and FTX's Night of Battling a $1 Billion Crypto Robbery Attempt

Revolut's Rebrand and FTX's Night of Battling a $1 Billion Crypto Robbery Attempt

Good morning! As the trial of FTX's disgraced founder Sam Bankman-Fried enters its second week, I'll start todays news update with two related crypto stories: The same chaotic day FTX declared bankruptcy, someone began stealing hundreds of millions of dollars from its coffers. FTX's

Brazilian Instant Payments system Pix is setting mind blowing records🤯

Brazilian Instant Payments system Pix is setting mind blowing records🤯

Good morning! In a vital financial maneuver, UK "challenger" bank Metro Bank has secured its future amidst unsettling reports and share slumps by acquiring £325m in new funding and refinancing £600m of its debt. Jaime Gilinski Bacal, the Colombian billionaire, becomes a pivotal player, holding a 52% stake