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Please find another week of fintech news, financings and exits below.

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Funding 💸

Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom.

🇪🇺 Wealthtech Flanks raised a €14m round led by Motive Ventures.

🇪🇺 Wealth management platform Unique raised a $30m Series A led by CommerzVentures and DN Capital.

🇪🇺 Credit decision automation platform Taktile raised a $54m Series B from Balderton Capital, Index Ventures ,Tiger Global and others.

🇪🇺 Payment platform Orain raised a €6m Series A from Acurio Ventures and Leadwind.

🇪🇺 Funding platform MytripleA raised a €30m round from BBVA Spark.

🇬🇧 B2B lender Capital on Tap has secured a $750m funding facility from Citi, BNP Paribas and Blue Owl Capital.

🇬🇧 Neobank Monument is seeking to raise £200m in funding as it prepares for to IPO by 2027.

🇬🇧 Financial reporting and reconciliation tool Kani raised a Series A from Maven Capital Partners.

🇬🇧Credit score provider ClearScore raised a £30m debt round from HSBC.

🇬🇧 B2B lender 365 Finance raised a £150m debt facility from Pollen Street Capital.

🇬🇧Wealthtech Firenze secured a £160m funding line from Monument Bank.

🇬🇧 Payment splitting fintech Hands In raised a €1.2m round.

🇬🇧 Pet insurtech Napo raised a £12m Series B from DN Capital, Mercia Asset Management and others.

🌍 Debt fintech CredCore raised a $16m Series A.

🌍 Lender Flow48 raised a $69m Series A.

₿ Crypto asset manager Bitwise raised$70m led by Electric Capital.

Challenger Banking 🚀

🇪🇺 Treasury management fintech Embat has acquired US API connectivity specialist Necto.

🇬🇧 SME finance platform Finom launched an AI accounting agent.

🇬🇧 Allica Bank has launched buy-to-let mortgages.

🇬🇧 Neobank Revolut is being pushed by investors to do a secondary share sale at a $60bn valuation.

🇬🇧 Loyalty platform Lux Rewards was acquired by competitor Enigmatic Smile.

🌍 Spend management solution Brex is set to hit $500m in annual revenue this year.

Digital Assets ₿

🇪🇺German investment bank DekaBank launches crypto trading and custody.

🇪🇺 Clearing firm Euroclear announced a tokenized collateral initiative with DLT firm Digital Asset

🌍 Crypto exchange Bybit, who recently experienced a hack, has made liquidation data accessible via a new API.

🌍 The SEC has called off its probe into Robinhood's crypto business. It has also ended its OpenSea probe, dropped Uniswap and Gemini investigations and is looking to to resolve its case with Justin Sun.

🌍 Franklin Templeton is seeking approval for a Solana ETF that includes staking.

🌍 Ethena raised $100m in a private ENA token sale to build new institutional products.

🌍 Crypto exchange OKX has settled US DOJ charges and will pay over $500m as a penalty.

🌍 Citadel Securities is seeking to become a market maker for crypto exchanges.

🌍 Dubai has approved USDC and EURC for use within the Dubai International Financial Center.

🌍 PayPal announced at its investor day it plans to use stablecoins for merchant payments.

🌍 Bank of America CEO has publicly commented that they will get into the stablecoin business.

Traditional Banking 🏦

🇪🇺 Bank of Ireland is reducing staff numbers in a drive for efficiency.

🇬🇧Citi, HSBC, Morgan Stanley and RBC will pay more than £100 in fines to settle charges over their pricing of UK government bonds.

🌍 JP Morgan Chase is to start blocking payments to social media contacts through Zelle over fraud concerns.

🌍 Singapore's DBS Group is to slash its workforce by 10%.

Fintech Infrastructure 🚧

🇪🇺Card issuer Marqeta is to acquire BIN sponsor TransactPay as it makes a push in Europe.

🇬🇧 NatWest's BaaS business Boxed signed The AA as a customer and will power its instant access savings accounts.

🇬🇧 Savings platform Flagstone reported record profits with revenues +46% yoy.

🌍 Payment technology firm Orum is to launch Faster Payments with Visa Direct.

Payments 💰

🇪🇺 Payment solution Nexi is to connect German merchants to the new Wero digital wallet in Q3. Payment provider PPRO is also partnering with Wero.

🇪🇺 ING Belgium is rolling out Mastercard's Click to Pay to optimise online payment flows.

🇪🇺 Italian PSP Bancomat is to acquire a controlling stake in FlowPay.

🇬🇧 A UK court has approved Mastercard's £200m settlement.

🇬🇧 The UK government is considering plans to scrap the Payment Systems Regulator (PSR) and to merge its functions into the FCA.

🇬🇧 Payment fintech GoCardless has partnered with SME lender Pipe to embed direct access to capital.

🌍 Shift4 has signed a partnership to provide payment processing to Alterra Mountain Resorts.

🌍 Restaurant payment solution Toast is looking to partner with more food and beverage retailers this year.

🌍 Payment company Block is to rollout Afterpay on its Cash App debit card in eligible states.

🌍 PayPal is pushing into in-person payments through a partnership with Verifone.

🌍 Stripe posted its annual letter reporting $1.4T in payments volume (+38%). It also launched an employee tender at a $91.5bn valuation.

Longer reads/listens 📜

• Visa Investor Day – The 7 Reasons Why I Invest in Visa - Tom Noyes

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See you next week!