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The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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UK open banking payments grow 100% year-over-year (TWIF 9/2)

UK open banking payments grow 100% year-over-year (TWIF 9/2)
The little-known Einstein: An ardent defender of black Americans against racism

Hello Fintech Friends,

Happy long weekend to our US readers!

Please find another week of fintech financing events below. (PS: Have feedback for us? 👍👎 Let us know!)


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If you’re an early-stage startup founder raising equity or debt, we may be able to help - come check out our fund, The Fintech Fund (including a link to pitch us). Are you a fintech angel investor? Come join our syndicate.


📊 Stat of the Week

UK open banking payments are slowly creeping up - hitting a record high in July this year, at 11.4 million payments - a 102% year over year increase.

African fintech startups raised $2.7 billion in the last two years, with the number of fintech startups in the region growing 17.7%. (Source)

💸 Venture Financing
  1. Ivy, an international open banking payments provider, raised a $20 million Series A.
  2. Cerby, a comprehensive access management platform for nonstandard financial applications, raised a $17 million Series A.
  3. Qashier, a payments system provider based in Singapore, raised a $10 million Series A.
  4. MFast, a Vietnamese financial services provider, raised a $6 million Series A.
  5. Rextie, a Peruvian foreign exchange platform, raised strategic funding from Citi.
  6. Cumbuca, a company building joint bank accounts in Brazil, raised $3 million.
  7. Parallel, a headcount and financial forecasting app, raised a $1.85 million pre-seed.
  8. OneID, a UK provider of bank-verified digital identification, raised £1 million.

💰 Venture Funds
  • FinTech Collective of New York is looking to increase its fund size by 50% in a new fundraise of up to $300 million for its sixth fund.
  • Crypto payments firm MoonPay launched a new venture arm to invest in web3, gaming, and fintech.

🎧 Podcast: Hey Fintech Friends ft Jennifer Arnold (MinervaAI)
“My dream future in anti-money laundering compliance is that it is almost invisible to the organisation and works so very well and so seamlessly and isn’t a constantly growing cost centre that we actually get to focus on why we do that work” - Jennifer Arnold


Pssst - if you like early-stage fintech investing, come join our angel syndicate.