Nov 23, 2020

Cash Cards for Kids, the FCA vs Lanistar, Another Bitcoin Bubble?

Issue #82 — View online — Suggest a link

Fintech

A weekly newsletter covering all things fintech.
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Hello fintechers,

This week we cover the digital banks race to capture the next generation, the strange story of Lanistar - a hyped new London fintech with big ambitions and €15m already raised - that is now in troubles with the financial regulator, Google plans for its Pay app, Bitcoin new price spike that is triggering fear of missing out once again, plus much more.

As always, if you like this newsletter, remember to share the love and tell your fellow fintech enthusiast friends to sign up here.

Happy reading : )

Alessandro

This Week in Fintech

Cash Cards for Kids: Digital Banks Race To Capture the Next Generation

When John Hibbs’ daughter Xanthe received her first bank card in the mail, the six-year-old spent the next week Googling how to buy a horse.

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Regulator Issues Warning on Hyped Fintech Lanistar

The FCA has warned that Lanistar, a London-based fintech that raised £15m this year, needs authorisation to operate.

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Google Redesigns Pay App, Opens Waitlist for Bank Accounts With Citi

Alphabet Inc’s Google on Wednesday relaunched its U.S. payments app, introducing paid promotions to the service and opening a waitlist for bank accounts being launched next year with Citigroup Inc and 10 other institutions.

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Funding, Merger & Acquisitions

Square and Tencent Join €93m Raise in Italy's Satispay

Italian mobile payments outfit Satispay has raised €93 million in funding from a share sale to a clutch of international investors, including Square, Tencent, LGT LIghtsone and TIM Ventures.

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African Fintech Startup Chipper Cash Raises $30m Backed by Jeff Bezos

African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos.

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Latvian Loan Investment Marketplace Mintos Crowdfunds €6m

Mintos, a Latvian-founded marketplace where consumers can invest in loans and earn passive income, has raised more than €6 million in securities.

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Santander Acquires Wirecard Merchant Technology Assets in a €100m Deal

Banco Santander has acquired technology assets from the European merchant payments business of disgraced German payments processor Wirecard.

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Something More for You to Read

Analysis: Another Bitcoin Bubble? This Time It's Different, Backers Hope

With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around.

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The European Commission Is Seeking Advice for a Public-Sector Blockchain

The European Commission will issue a call for tenders for legal advice to help with its public sector blockchain project.

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Cashless Economy: How Fintech Is Approaching the Future of Finance

Challenger banks are on the rise, and crypto is gaining steam in Washington.

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Techstars Startup Digest Fintech is curated by:

Alessandro Ravanetti - Fintech writer, copywriter & content strategist. Working in the fintech industry since 2011, previously as a founder and now as a consultant. Independent expert with the European Commission and SXSW advisory board member.
alessandro.ravanetti@startupdigestmail.com

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