The Official FinTech Football Sticker Collection Is Out
Hey FinTech Fanatic!
The European Championship has kicked off, heralding an exciting summer filled with thrilling sports events. As a sports enthusiast, I'm eagerly looking forward to all the action!
In other funny news, Growth Gorilla has launched the Official FinTech Football Sticker Collection.
What's your favorite sticker in the collection? Share your thoughts in the comments below👇
Have a great start to the week and I'll be back in your inbox tomorrow!
Cheers,
BREAKING NEWS
🚨 Visa's and Mastercard's proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge signaled she was preparing to reject the accord. From a report: U.S. District Judge Margo Brodie in Brooklyn told lawyers for the card networks and objectors at a hearing on Thursday that she will "likely not approve the settlement," according to court records.
FINTECH NEWS
🇺🇸 Visa announced the relaunch of Visa SavingsEdge, aimed at delivering greater value to small businesses (SMBs) across the United States and Canada. The latest enhancements introduce a more dynamic platform with new offerings and features designed to support smarter spending and saving.
🇦🇺 Hello Clever & Tyro to offer instant cashback rewards to Australians. The Clever’s Instant Cashback Rewards platform, coupled with Tyro’s Loyalty API, is a solution that means customers get their money back within seconds vs up to 90 days for typical rewards programs.
PAYMENTS NEWS
💳 Global Payments on track to 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲, whilst investment 𝗱𝗲𝗰𝗿𝗲𝗮𝘀𝗲𝘀.
Let me explain (backed by recent stats):
🇫🇷 BNP Paribas and BPCE have announced a strategic partnership aimed at acquiring technology for processing payments for cardholders and merchants. This collaboration is poised to handle 17 billion transactions annually, covering all card payments from BNP Paribas and Groupe BPCE in Europe.
🇵🇾 Argentine FinTech PayGoal collaborates with Bancard for the launch of Tokefon in Paraguay. With Bancard's Tokefon, more than 70,000 establishments will be able to charge their customers directly from their mobile phones, turning them into portable points of sale (POS).
🇫🇷 FinTech Stripe announces updates for businesses in France. Stripe announced a range of product and partnership updates for businesses operating in France. This represents Stripe’s largest set of new products “for the French market since launching in the country in 2016.”
🇦🇪 Paytiko brings its payment management solutions to Dubai, UAE. This strategic move aims to serve merchants better and collaborate with payment processors in the Middle East. The Dubai office will serve as a hub for innovation within the region’s payments ecosystem.
OPEN BANKING NEWS
🇧🇷 Open Banking platform Pluggy receives Payment Initiator license in Brazil. The approval from the Central Bank is the first step for the FinTech to launch its payment initiation service. In the coming months, the firm will work on the homologation and certification process.
🇺🇸 Yardi has partnered with Obligo® to simplify the security deposit process between property managers and residents. This strategic partnership eliminates the need for traditional security deposits while maintaining full accountability for damages. Read full article
DIGITAL BANKING NEWS
Monzo reported results recently for FY 2024, (to March 2024) so Michael Jenkins updated his comparison:
BLOCKCHAIN/CRYPTO NEWS
Solana Pay Shopify plugin expands to support 100+ cryptos. Helio has announced an upgrade to its Solana Foundation Pay Shopify plugin, which now supports over 100 cryptocurrencies. ”This upgrade puts Solana Pay as a flexible and merchant-oriented solution for various forms of payments in the crypto economy,” stated Stijn Paumen, CEO at Helio.
🇺🇸 Coinbase CEO Brian Armstrong preaches bipartisanship as Trump touts crypto cred. Crypto in the US has become political. However, Brian Armstrong, the co-founder and CEO of Coinbase, declined to take sides last Thursday. Continue reading to learn more
DONEDEAL FUNDING NEWS
🇦🇺 Aussie bridging loans provider Bridgit raises $125m debt facility and closes $14.6m Series A capital raise. The new funding will unlock greater flexibility for Aussie homeowners looking to make their next property move, with a financing solution empowering them to buy before they sell their existing.
🇺🇸 Celebrity-backed Gener8 ‘to become unicorn this decade’. Gener8 – a free-to-use app empowering people to control and be rewarded from their data – has announced a £2 million funding round, valuing the company at £39m.
🇮🇪 CleverCards raises €8m. The company will use the capital raised to accelerate its expansion efforts and support the company’s ambitious growth plans to create the world’s most advanced digital payments platform. Read on
🇺🇸 Boston’s AI FinTech startup EnFi bags $7.5m from top investors. The newly acquired funds are earmarked for a strategic expansion of operations and ongoing development efforts. With these investments, EnFi aims to refine its technology and broaden its impact across the lending industry.
🇵🇭 Homegrown financial technology player BayaniPay raked in $3 million from a funding round intended to support the deployment of new global payment solutions that cater to enterprises. This brings the company’s total capitalization to $9.6 million.
🇺🇸 FinTech company Stream Innovations, Inc. secures $400M warehouse facility from Goldman Sachs. This facility will be used to expand STREAM’s rapidly growing portfolio of home improvement loans. It also has rebranded from "Stream Financial" to "Stream Innovations, Inc." to reflect its advanced technology and broader vision.
M&A
🇲🇽 FinTech Finsus acquires Distrito Pyme and launches new digital SME loan in Mexico. This operation allows it to venture into the digital lending business for small and medium-sized enterprises in the country. Continue reading
🇺🇸 Stake, a NY-based FinTech offering cashback and banking services to renters, has purchased rent payments platform Circa for $9.5 million in cash and stock. Completed earlier this month, the acquisition allows Stake to integrate rent incentives with end-to-end payments and delinquency management via Get Current.
🇦🇪 Mubadala Investment Co. has proposed selling troubled insurtech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. However, the deal faces opposition from Wefox's founders and some early investors, as it would put them at risk of losing their entire investment, according to people familiar with the situation.
MOVERS & SHAKERS
🇦🇺 ASX-listed FinTech pioneer Plenti appoints Adam Bennett as new CEO. Adam will replace Daniel Foggo who will retire as Plenti’s CEO, having been in the role for over ten years. Daniel will remain a Director and significant shareholder of Plenti and will continue to actively support the company’s growth initiatives.
🇺🇸 Remitly welcomes new Chief Compliance Officer, Spyro Karetsos. Spyro is responsible for leading the global compliance and enterprise risk programs, including oversight and management of financial crime, consumer protection, licensing and regional requirements, as well as enterprise risk and compliance operations.
🇬🇧 CAB Payments has confirmed that veteran banker Neeraj Kapur has taken over as its new Chief Executive after its previous boss quit just months after the FinTech’s disastrous London float last year. The company announced that Kapur had received the necessary regulatory approval and would immediately take over from Bhairav Trivedi, who will remain as a senior adviser to the board.
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