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Global FinTech News - 01 April 2022

Global FinTech News - 01 April 2022
By Holland FinTech  • Issue #144 • View online
Dear reader,
This week Vladimir Putin has indicated that Russia could rip up contracts to supply gas to Europe unless “unfriendly” states drop their refusal to pay in rubles from Friday. European buyers would pay in foreign currency and then authorize Gazprombank to make the conversion into rubles, which would then be used to formally purchase the gas.
Further, in fintech, you can ​discover the latest developments and news, and stay current on global fintech perspectives. You can find information about upcoming events, new investments, research and breakthroughs within the industry. In addition, find more ways to support Ukraine here. Happy reading!
From the Holland FinTech team, we wish you a great weekend.

Connect with the fintech ecosystem at some of the upcoming events.
Connect to Fintech: Connecting the Dutch & Ukrainian Ecosystems - 6 April
Join us for this special Meetup-like event, where we welcome the Ukrainian and Dutch (Fin)Tech ecosystems to share and connect.
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Livestream event | Marketplaces: Growth Model of the Future - 7 April
On Thursday 7 April, NextChapter eCommerce, ChannelEngine, Active Ants and Buckaroo will organize the livestream event: Marketplaces: growth model of the future.
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Holland FinTech Hybrid Meetup - 8 April 2022
Our Holland FinTech Online Meetups allow the international Fintech ecosystem to gather together and allow for the companies of our Network to stay at the Forefront of Innovation. If you are looking for exposure, new customers, investors, team members, or cool startups, you will surely meet them here!
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Highlights from last weeks news related to fintech
Stay up to date with the latest news from fintech! This week, we bring you updates and developments on partnerships, lending, banking, crypto, NFT and more.
  • Goldman Sachs has agreed to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants.
  • Apple sees enough long-term potential in fintech that it’s working on a multiyear plan to bring much of what it outsources in-house, according to a Bloomberg report.
  • Pace Enterprise (Pace) announced today that is has signed an agreement to aqcuire the assets of Rely a competing fintech startup offering BNPL services for an undisclosed sum.
  • Cloud banking platform Temenos announced a collaboration with Mastercard that will help banks to accelerate their introduction of Request to Pay services in the UK.
  • i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with Visa, the world’s leader in digital payments, as fintech processor in the MENA (Middle East and North Africa) region.
  • Israeli payroll and HR software company Papaya Global is set to acquire London-based money transfer company Azimo
  • Amsterdam-based neobank Bunq will be fully integrated into the Mobilexpense Declaree platform, providing companies and employees with the means to reduce out-of-pocket spending by managing company cards directly from the expense solution
Read more about this week’s news here.
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The largest funding rounds we found from across the world
Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including fintech, payments, NFT, and more.
  • Cross River Bank (Fort Lee, NJ, US) has closed a $620 million funding round at an undisclosed valuation.
  • Yokoy (Zürich, Switzerland), an expense management platform has landed an $80 million Series B funding round.
  • Capitolis (NYC, US), a capital markets fintech has raised $110 million in a Series D funding round, valuing the company at $1.6 billion
  • Finally (NYC, US) – a fintech startup whose mission is to help small businesses automate their accounting and finance functions – recently announced a $95 million Series A, including both equity and debt.
  • Pine Labs (Noida, India) , an e-payment and financial services platform raised $50 million in funding, giving it a $5 billion valuation, as it eyes going public in the US soon.
  • Other notable funding of this week include: Khazna (Cairo,Egypt), a FinTech app has raised $38 million in equity and debt, Moonfare (Berlin, Germany), a fintech company has raised a $35 million funding, and Lucky (Egypt), a fintech, has raised $25 million in a Series A funding round, the country’s largest fintech Series A to date.
Read more about funding here.
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A selection of recent research reports and papers worth reading
For this week’s research article, we dive into new insights on fintech market, banking, insurance, payments, trends, diversity in fintech and more.
  • “Open finance set to benefit New Zealand consumers” via (ITbrief) - Open finance is expected to become the standard for consumers’ financial welfare and empowerment, according to an Aotearoa fintech research report.
  • “How Does SEO For Fintech Work? – Things To Consider” via (Finextra) - Competition and rapid change characterize the fintech sector. To succeed in the financial market, a new company must be able to distinguish itself from the established players and maintain an advantage over them.
  • “APAC Has a Huge Appetite for Banking as a Service, Finastra Research Shows” (Fintech News) - Financial services software and cloud solutions provider Finastra’s research found that APAC’s appetite for Banking as a Service (BaaS) exceeds that of EMEA and the Americas.
  • “More Than 90% Of European Fintechs Will Adopt AI-Enabled Risks Decisioning To Combat Fraud” via (Mondovisione) - According to the latest study from Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, fraud prevention is the biggest driver for investments in AI-enabled risk decisioning this year.
  • “The systemic risks and vast opportunities in fintech” via (Fintech Futures) -Technology has made the world a smaller place. In the ‘Global Village’, netizens in one country can influence the stock market in another, national regulations can choke international innovation and nimble tech start-ups can usurp legacy financial institutions.
Read more about research here.
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Background information and insights from opinion leaders and experts
And we’re ending the week with new details on crypto, money transfer, fintech funding, payment process, debt crisis and more.
  • “How Welcome Tech is working to drive financial inclusion for immigrants in the US” via (Fintech Futures) - Amir Hemmat, co-founder and CEO of Welcome Tech, a Los Angeles-based financial technology solutions provider focused on the Hispanic community, explains what his company is doing to tackle this.
  • “A VCs guide to the Web3/Crypto galaxy” via (Medium) - At some point, on every crypto journey, one has to put aside the memes and the fun and the games and dig into what this ecosystem really is.
  • “The evolving cyber threat landscape in 2022 and how fintechs can mitigate risk” via (Fintech Futures) - At the end of 2021, it was estimated that cyberattacks cost the global economy a staggering $6 trillion.
  • “What Caused The Future FinTech (FTFT) Stock To Rise Pre-Hours?” via (Setenews) - At last check in pre-market trading, shares of Future FinTech Group Inc. (FTFT) were up 8.53% at $0.845.
  • “Banking for net-zero homes” via (Fintech Futures) - It seems that after decades of studies followed by numerous warnings, the UK has finally awoken to the threat of climate change.
Read more about analysis and opinion here.
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