Hello TWIF UK & Europe friends,

We have two amazing Fintech Breakfasts coming up!

Join us next week in London at the Shoreditch Treehouse with Vanta and CMS, or be part of our first-ever Amsterdam Fintech Breakfast next month with DataSnipper and Beachhut.

Don't miss out RSVP now for London and Amsterdam to secure your spot! ☕🥐

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

👍 👎 Have feedback or news to share? Let me know on Twitter and LinkedIn.

Sign up to TWIF Premium Join our Slack

Tweet of the week 🦉🏆

Funding 💸

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

🇪🇺 BaaS provider Solaris raised a €140m funding round from SBI Group and Boerse Stuttgart.

🇪🇺 Regtech ZeroRisk raised a $4m round led by Elkstone.

🇬🇧 DeFi interest rate derivatives market Rho Labs raised a $4m seed round from Flow Traders, SpeedInvest, Coinfund and Auros.

🌍 Saudi Arabian debt crowdfunding platform Lendo raised a $690m warehouse facility from JP Morgan.

🌍 US wealthtech OneVest raised a $20m Series B.

🌍 Financial advisor software provider Jump raised a $20m Series A.

🌍 Token trading infrastructure provider Reservoir raised a $14m Series A led by Union Square Ventures and included Coinbase Ventures, Variant and others.

Challenger Banking 🚀

🇪🇺 SME lender Froda has secured an additional €100m in funding guarantees and expanded its collaboration with the European Investment Fund.

🇪🇺 Financial management solution Visma acquired French competitor Evoliz to expand into the country.

🇪🇺 Santander's US digital neobank Openbank reached $2bn in deposits.

🇬🇧 UK neobank Aldermore is to upgrade its savings platform with Temenos.

Digital Assets ₿

🇪🇺 Crypto exchange Kraken has secured a MiFID licence and will offer a regulated derivatives exchange.

🇪🇺 BlackRock is preparing a Bitcoin ETP to be listed in Europe.

🇪🇺 The Czech president has signed into law a capital gains tax exemption for crypto held for three years.

🇬🇧 Coinbase obtained a VASP registration in the UK.

🌍 Stablecoin issuer Tether reported $13bn in profits for 2024.

🌍 Defi protocol Goldfinch has launched Prime, a new pool to give onchain exposure to private credit.

🌍 Tokenisation platform Ondo Finance has launched a tokenisation platform and will bring stocks, bonds and ETFs onchain.

Traditional Banking 🏦

🇬🇧 Barclays suffered a prolonged , multi-day IT outage at the end of January.

Fintech Infrastructure 🚧

🇪🇺 Embedded finance provider Monite introduced an iFrame solution for AP/AR solutions.

🇬🇧 Payments infrastructure provider Banked is signed NAB as a customer for its Pay by Bank solution on Amazon.com.au.

🇬🇧 Open banking provider Yapily signed Adyen as a customer for its AIS product to streamline merchant onboarding and account verification.

🇬🇧 Payments technology provider Volt signed payment orchestrator Pay.com as a customer.

🇬🇧 Open banking platform Bud launched a transaction search feature using LLMs.

🇬🇧 Payroll provider Ciphr has launched real-time payroll in the UK.

🌍 Card issuer Highnote is partnering with Fasten Rewards to launch a new credit card rewards program.

Payments 💰

🇪🇺 Payment operations solution Numeral launched a fully managed Verification of Payee solution.

🇪🇺 Open banking payment provider Trustly is to provide Pay By Bank functionality to Spreedly merchants.

🇬🇧 UK taxpayers paid HMRC £13bn using Pay by Bank

🇬🇧 Payout solution Runa is expanding to India to provide cross-border and domestic payouts.

🇬🇧 GoCardless is cutting 20% of staff as it aims to reach profitability after halving its losses in 2024.

🇬🇧 Publicly listed payment provider Paysafe is exploring a sale.

🌍 Payment provider Worldpay acquired fraud prevention provider Ravelin.

🌍 Square chose loan manager Peach Finance to power its credit card program.

🌍 Two US senators introduced legislation to cap credit card interest rates.

Longer reads/listens 📜

• Growth is a policy choice - Sam Bowman
• Wallet Wars Pt 3 - Authentication for AI Agents - Simon Taylor
• The Solana Thesis: Internet Capital Markets - Multicoin Capital

👍 👎 Have feedback for us? Let us know

Follow me on Twitter and LinkedIn for more fintech content

See you next week!