Hello TWIF UK & Europe friends,

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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.

🇪🇺 Payment solution Satispay raised a €60m round from Greyhound Capital, Lightrock and Addition VC.

🇪🇺 SME treasury management solution Agicap raised a €45m Series C led by AVP.

🇪🇺 Digital wallet Money Walkie raised a €4m Series A from Groupe M6, Caisse d'Epargne and Groupe BPCE.

🇪🇺Trading technology for digital assets Wyden raised a CHF 14.5m Series B from Truffle Capital, PostFinance, FiveT Fintech, Sygnum and C3 Venture Capital.

🇪🇺 Investment research tool Omaha Insights raised a €3.5m seed round from Ventech and Axeleo Capital.

🇬🇧 B2B lender iwoca raised a £200m debt facility from Citi and Waterfall Asset Management.

🇬🇧 Wealthtech Vega Investments raised a $20m Series A from Motive Partners and Apollo.

🇬🇧 Consumer lending fintech Ooodles raised a $2.7m round from Traditum and altitude.

🇬🇧 Asset finance lender Tranched raised a $3.4m round.

🌍 Argentinian neobank Uala raised a $300m Series E led by Allianz at a $2.75bn valuation.

🌍 MENA open banking infrastructure provider Lean Technologies raised a $67.5m Series B led by General Catalyst.

🌍 MENA spend management company Pemo raised a $7m round led by Augmentum Fintech.

🌍 Cryptocurrency compliance solution Notabene raised a $14.5m Series B.

Challenger Banking 🚀

🇪🇺 Polish FX exchange Conotoxia plans to convert into a joint-stock company alongside getting an EU banking licence.

🇬🇧 CreditLadder and Munny are partnering to bring a credit-building service to UK workers.

🇬🇧 Revolut has launched a debit card vending machine in Singapore.

🌍 Latam fintech giant Nubank announced it hit 100 million customers in Brazil.

Digital Assets ₿

🇪🇺 UBS has piloted a blockchain-based cross-border payment solution.

🇪🇺 Revolut is expanding its crypto exchange, Revolut X, to 30 European markets.

🇪🇺 Italy is considering a less severe crypto tax of 28% instead of 42% it previously proposed.

🇬🇧 Crypto exchange Bitget has restarted its UK operations now that it is compliant with FCA guidelines.

🇬🇧 Digital asset custodian Copper is to offer custody services for tokenized money market funds.

🌍 FTX is suing Binance and its founder for nearly $2bn in "fraudulent" transfers back in 2021.

🌍 Latam neobank Nubank has launched a crypto swap tool in its app.

🌍 The SEC delayed its decision on spot Ethereum ETF options.

🌍 Coinbase launched COIN50 index that is tradable as a perpetual future with up to 20x leverage. It also acquired stablecoin payment processor Utopia Labs,

🌍 BlackRock have expanded its BUIDL token to Aptos, Arbitrum, Avalanche, Optimism and Polygon.

Traditional Banking 🏦

🇪🇺 The private banking arm of Intesa Sanpaolo Group is to launch a digital wealth proposition in Europe with BlackRock.

🇬🇧 Metro Bank was fined £16m by the FCA for AML failings.

🌍 PNC Bank is increasing its number of branches.

Fintech Infrastructure 🚧

🇪🇺 BaaS provider Solaris has sold its Engage business to Suits Me.

🇪🇺 Swiss stock exchange group SIX has acquired challenger exchange Aquis Exchange.

🇬🇧 Payment infrastructure provider Modulr has been appointed as the supplier of Confirmation of Payee technology to HMRC,

🌍 Open banking aggregator MX has inked a data sharing deal with American Express.

Payments 💰

🇪🇺 Klarna has filed for an IPO in the US.

🇪🇺 Payment provider Mollie has enabled Tap to Pay on iPhone in Netherlands, France and Germany. It also expanded to Italy.

🇪🇺 Mobile payment operators Bancomat (Italy), Bizum (Spain), MB Way/SIBS (Portugal) have demonstrated their interoperable instant cross-border P2P transactions.

🇬🇧 Cross-border transfer solution Wise reported H1 earnings; Profit +55% yoy, revenue +19% yoy.

🇬🇧 The UK set out its National Payments Vision.

🌍 Visa is expanding the rollout of its Flexible Credential to the US with Affirm and the UAE with Liv.

🌍 PayPal is rolling out a tool to make it easy for customers to pool money for shared expenses.

Longer reads/listens 📜

• Bridging the gaps with APP fraud - Kartik Dabbiru
• The secrets to pricing payments in vertical software - Matt Brown
• Trump's Banks - Marc Rubinstein
• The Ideal Payment System and More on iDEAL - Jeremy Light

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See you next week!