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Global FinTech News - Ebury, Santander, ING, Revolut, Gojek

This week in fintech: All was not quiet on the western front as banking giant Santander partnered wit
Global FinTech News - Ebury, Santander, ING, Revolut, Gojek
By Holland FinTech  • Issue #44 • View online
This week in fintech: All was not quiet on the western front as banking giant Santander partnered with Holland Fintech Member Ebury to acquire 51% of its shares in a move valued at $453 Million USD - allowing both parties to expand their customer base. Unicorn and media darling Revolut partnered with Adzooma to bring exclusive benefits to their customers. RBS refused to be left behind in the customer centricity competition spawned by the covid-19 pandemic and has launched a spare debit card for vulnerable groups that can be topped up remotely - much like Starling Bank’s earlier offering. The Eastern hemisphere was not to be outdone with big news coming out of Indonesia - key player Gojek acquiring payments startup Moka to produce its own POS system! Eastern success continued with Hong Kong based firm Oriente raising a cool $50 million USD. In other funding news, Holland Fintech Member ING Bank joined forces with HSBC and pumped 5.7 Million GPB into Transficc, a low latency trading platform, whilst b2b challenger bank Finom took home $7 million USD in seed funding. Special mention to fast mover Snoop - a UK based FinTech that launched a month ahead of schedule in April and has already raked in an extra 3.2 million GBP in funding!
Take a look at all things FinTech&COVID-19 on our resource page here.
We hope you had a good week and are staying safe & healthy! Eager to learn more? Check out the insights section on our website!
- The Holland FinTech Team

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Highlights from last weeks news related to fintech
Banco Santander has officially acquired a 50.1 percent stake in Ebury, a payments platform that has been growing at a brisk pace, for $453 million (~€412.8 million).
www-pymnts-com.cdn.ampproject.org  •  Share
Revolut partner with Adzooma to bring exclusive services to their customers
Leading financial technology company, Revolut, the fastest-growing FinTech in Europe, today announced their partnership with international online advertising platform, Adzooma, to bring exclusive benefits to their customer base.
thefintechtimes.com  •  Share
RBS mimics Starling Bank with spare debit card for Covid-19 vulnerable
Called the ‘companion card’, the card can be topped up by up to £100 (€114.5) every five days.
www.altfi.com  •  Share
Gojek Acquires Payments Startup Moka for $130 (~€118.5) Million
Indonesia’s ride-hailing and food-delivery giant Gojek has acquired a mobile point-of-sale startup called Moka for about $130 (~€118.5) million, according to people familiar with the deal.
www.bloomberg.com  •  Share
Challenger Zelf to launch banking offering solely through messenger apps
Zelf, a Latvia-headquartered fintech, is gearing up for the imminent launch of its no-card, no-app banking account in France and Spain.
www.fintechfutures.com  •  Share
FIS sets up $150 (~€136.6) million Fintech venture fund
Financial technology company FIS has set up a venture arm with a goal of investing up to $150 (~€136.6) million in promising fintech startups over the next three years.
www.finextra.com  •  Share
The largest funding rounds we found from across the world
Hong Kong-based Fintech firm Oriente has secured $50 (~€45.6) million in capital through a Series B investment round.
www.crowdfundinsider.com  •  Share
ING and HSBC join £5.7 (~€6.5) million funding round in TransFicc
Low latency trading and workflow outfit TransFicc has closed a series A investment round of £5.7 (~€6.5) million led by Albion VC with participation from new investors ING and HSBC.
www.finextra.com  •  Share
B2B challenger bank Finom raises $7M (~€6.5M) Seed from Target Global and General Catalyst
Just as challenger banks have appeared in the B2C space, so to have B2B startup banks aimed at small businesses, among them startups like Qonto (Fr), Tide (UK), Penta (GER) and CountingUp (UK). Today another such firm, Finom, has closed a €6.5m ($7M) seed funding round led by Target Global, with participation from General Catalyst.
techcrunch.com  •  Share
Wise Raises $5.7M (~€5.2M) to Embed Banking in Modern Business Ecosystems
Wise, a FinTech startup that offers banking and payments services to modern businesses, announced today that it has that it has raised $5.7M (~€5.2M) in a seed round led by Base10 Partners’ Rexhi Dollaku.
www.prweb.com  •  Share
JP Morgan leads $4.3 (~€3.9) million funding round in cash management startup Trovata
Trovata, a US startup specialising in automating cash reporting and forecasting through wholesale, multi-bank API data aggregation, has scored $4.3 (~€3.9) million in funding led by JP Morgan.
www.finextra.com  •  Share
Dame Jayne-Anne Gadhia’s new FinTech Snoop closes £3.2m (~€3.6m) funding round
The fintech only launched earlier in April, a month ahead of schedule, and has already doubled its customer base.
www.altfi.com  •  Share
A selection of recent research reports and papers worth reading
Launched in January 2020 by the Luxembourg House of Financial Technology (LHoFT), four Fintech Task Forces, composed of industry experts and Fintech innovators, have started initiating projects to accelerate innovation in these key areas: banking, asset management, insurance and blockchain.
www.itone.lu  •  Share
Gap Between Legacy Banks & Fintech Firms Has Shrunk Since COVID-19
Consumer needs driven by the coronavirus crisis have pushed traditional financial institutions to catch up with digital nonbank rivals.
thefinancialbrand.com  •  Share
Razorpay launches 5th edition of ‘The Era of Rising Fintech’ report
Razorpay, a full-stack financial solutions company, launched the 5th edition of ‘The Era of Rising Fintech’ report today.
ibsintelligence.com  •  Share
COVID-19 Insights by 11:FS
The 11:FS team has been examining what the current situation means for the financial services and fintech markets.
info.11fs.com  •  Share
Fintech Investment Industry 2020
Fintech Investment Market 2020 Industry research report represents the historical overview of current market situation and forecast 2026. Additionally, this report gives Fintech Investment Market size, trends, share, growth, and cost structure and drivers analysis.
latestherald.com  •  Share
Pintec Selected as 2020 Asia Pacific "FinTech Fast 101" by IDC
Pintec is included in the 2020 update of its FinTech Fast 101 research, released by IDC Financial Insights in March 2020, which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets.
www.aithority.com  •  Share
Background information and insights from opinion leaders and experts
COVID-19 is pushing companies to accelerate their innovations in a matter of weeks rather than years, such as accepting mobile payments or giving their brick-and-mortar store an online presence.
news.crunchbase.com  •  Share
Digital banking boom during coronavirus pandemic: How will it affect e-wallets’ demand in Germany?
The digital banks are set to boom in Germany, with 40% of adults expected to have an account by 2025 and here we have listed them.
siliconcanals.com  •  Share
How will Fintech drive the adoption of 5G technology?
Mobile and digital next generation financial services and other emerging technologies will drive 5G adoption, says Huawei’s Bill Genovese
The digital evolution of the financial services industry is unceasing. In a recent article for FinTech magazine, I spoke with Huawei’s Vice President Corporate Strategy - Banking & Financial Markets, Bill Genovese.
www.fintechmagazine.com  •  Share
7 VCs look into the future of Fintech
TechCrunch recently asked a number of venture capitalists who invest in fintech to share their thoughts about the state of the industry; they pulled us into the present moment, drawing from their portfolio companies, deal flow and inboxes. Today, we asked them to look into the future.
techcrunch.com  •  Share
Pandemic opens the door to a new Fintech era in Asia
In Asia, the great promise of Fintech was serving the underserved. Unlike Europe or the U.S., here was a mobile-first population with limited or no access to credit, and in many instances, even a bank account.
asia.nikkei.com  •  Share
Council Post: Five Technology Trends In The Insurance Industry
It is a brave new world in insurance, but it’s not as scary as you may have thought it would be. Below are five of the top technology trends I expect to disrupt the insurance industry — for the better.
www.forbes.com  •  Share
Connect with us at some of the upcoming events
Our Holland FinTech Online Meetups allow the international Fintech ecosystem to gather together and allows 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!
hollandfintech.com  •  Share
Fintech Insights May - 14th of May
During this breakfast session, you will get an in-depth understanding of the current FinTech developments and get the opportunity to debate their impact on your business in particular.
hollandfintech.com  •  Share
MoneyNext Summit 2020 - London, United Kingdom - 1st/2nd of July
#MoneyNext Summit is the leading event to address the financial landscape in 2020 and beyond – offering unparalleled access to decision makers, visionaries, influencers and disruptors from the world of finance. 200 inspirational speakers and 25 of the most innovative next-gen vendors discuss, demo and showcase the latest industry innovations.
20% Members-Only Discount available.
hollandfintech.com  •  Share
London Tech Week 2020 - London, United Kingdom - 2nd-10th of September
London Tech Week will be returning on the 2 – 10 September 2020, bringing our global tech audience the innovations, technologies and business partners they need for the next chapter of their growth.
hollandfintech.com  •  Share
Cognitive Finance AI - Berlin, Germany - 21st/22nd of September
The 2-day event is a unique combination of inspirational keynotes, well-moderated, interactive World Cafés, Challenge your Peers sessions, a pre-event Workshop, Icebreakers and much more.
Be part of our exclusive platform that explores business models, case studies, actions, and profitability and identify missing gaps that hide opportunities, chances and potential solutions for your technical and business challenges.
hollandfintech.com  •  Share
Ready to get involved? Click here to find out more.
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