This week in Financial Technology: A week full of big names and big moves. First off - globally popular and facebook owned mobile messaging platform
WhatsApp has launched its hotly anticipated payments functionality - choosing Brasil as its maiden market. What we like about this? the ability to link the feature to your regular accounts - no extra mobile wallets needed. Another big player found itself in hot water this week, as it was announced that
Apple is under investigation by the European Commission for potentially anticompetitive behaviour in it’s Apple Pay platform and restricted access to NFC technology on it’s mobile devices. It wasn’t a pretty week either for transaction platforms
VISA and MasterCard as the UK’s top court found them both in breach of antitrust laws regarding price collusion. This week in funding: all across the funding landscape we saw interesting deals taking place - with
credit and security providers taking home the highest amounts - and in interesting turn for former investor darling neobank
Monzo - who settled for 60 million GBP - which is still a good investment, but 40% less than they aspired to bring in. Take a look at these and more rounds in our funding roundup below! Want to make sure you stay on top of the global movement for diversity and anti-racism? Check out our analysis and opinion section for a great piece on
white privilege in fintech. That’s all for now and wishing you a great and hopefully sunny summer weekend!
We sat down today with Maurits Zwart from
Ebury to discuss the recent news from the FinTech sector, check it out
here
- The Holland FinTech Team
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