Week 23 in Global Fintech News:
NuBank roars ahead with 25 million customers - much more than successful challenger banks in Europe and the US have managed to score. Payments and functionality are high on the priority as e-commerce continues to grow and trade picks back up, and
Hong Kong based Airwallex has jumped on the bandwagon in several markets to offer a new payment acceptance service - heating up the battle for merchant acceptance. In Europe, the open banking revolution shows no signs of slowing down as global heavyweight
PayPal continues to pair rising superstar Tink to provide open banking services across the EEA.
GrabPay in South East Asia is not sitting still either and has launched an all digital banking solution complete with MasterCard powered debit card in the Philippines - where access to brick and mortar banking has traditionally been limited. Funding news is showing us some decent activity as well this week -
with Varo exceeding the competition by far, taking home $241 Million USD. Whereas US based provider of fraud protection and payment technologies
Vesta raised $125 million - followed by smaller but successful rounds for
Belvo and
Lili, bringing home $10 million USD each. Check out our research and opinion sections for more exciting weekend reads!
- The Holland FinTech Team
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