Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
Hello fintechers!
This week we take a look at Visa and Robinhood investigations by the European Commission and the SEC, Netherlands-based payment provider Mollie becoming the latest fintech unicorn, a new series of mega funding rounds, interesting news from PayPal and Google, and much more.
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The company faces a civil fraud investigation over its early failure to fully disclose its practice of selling clients’ orders to high-speed trading firms, people familiar with the matter said.
Netherlands-based payment services provider becomes a unicorn after a raise backed by US VC firm TCV whose portfolio includes Revolut, Netflix and Spotify.
Auxmoney, a German credit marketplace that claims to be the largest in continental Europe, has raised €150 million in growth capital in a round led by Centerbridge Partners, a private equity firm with a history of taking majority stakes.
Thunes, a Singapore-based startup developing a cross-border payments network to make financial services more accessible in emerging markets, announced today it has raised a $60 million Series B. The round was led by Africa-focused firm Helios Investment Partners, with participation from Checkout.com and returning investors GGV Capital and Future Shape.
Nerdwallet, which provides resources for people looking for a new credit card, loan, insurance or other financial product or just financial advice, is making a move today to spearhead a move into international markets.
Point of sale financing, the modern layaway that lets you pay for a new TV in installments, has been rising steeply in popularity over the past two years. Now PayPal is entering the market.
People in Austin, Texas, can now pay for parking through Google Pay directly in the Google Maps app. The feature will roll out to more areas in the coming weeks.
Santander, the Spanish multinational banking giant, is announcing that its fintech venture arm is to be spun out and will be managed more autonomously going forward. Previously known as Santander Innoventures and first established in 2014, the VC is being re-branded to Mouro Capital.
Alessandro Ravanetti- Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW. alessandro.ravanetti@startupdigestmail.com
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