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Hello fintech friends,
This week we look at the rapid growth of climate-focused fintech products, a new wave of hyper-personalised fintech products and services for niches, Klarna 31bn valuation, TransferWise becoming Wise, 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.
Ron Shevlin on Forbes: while banks struggle to personalize their sales messages, a new group of fintech are entering the market, personalizing their products and services for Black Americans, LGBT+ consumers, environmentally-conscious consumers, and even truckers.
Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it’s raised another $63 million in new funding. The round was led by NBA star Russell Westbrook, who will also join the startup as an advisor focused on the direction of Varo Bank’s programs aimed at underserved communities, including communities of color.
RecargaPay, a Sao Paulo, Brazil-based payments and mobile money company, raised $70 in Series C funding. The round was co-led by IDC Ventures and Fuel Venture Capital, with participation from ATW, LUN Partners, and Experian.
Anchorage has raised an $80 million Series C funding round led by GIC, also known as Singapore’s sovereign wealth fund. Andreessen Horowitz, Blockchain Capital, Lux and Indico are also participating in today’s funding round.
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. firstname.lastname@example.org
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