Category: FinTech
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Klarna CEO Welcomes Apple’s Entry Into Buy-Now-Pay- Later!
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Klarna CEO Sebastian Siemiatkowski called the entry of Apple into the Buy-Now-Pay-Later space is an “amazing” development that underlines the value of the business model. He added that the business model itself is “extremely recession-proof” because it relies on smaller balances for consumers and has an underwriting structure that is…
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The German Trade Republic Joins The Layoff Train!
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Just a week ago, the German online trading unicorn Trade Republic raised another €250 million in Series C funding in a depressed market environment. Now, Trade Republic announced layoffs, the German online Business Insider reports. According to the company, more than 700 people were last employed by the Berlin-based startup.…
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Paysafe Partners With APEXX Global For International Acquiring Growth
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Paysafe (PC42 profile) announced a partnership with APEXX Global, a global payments orchestration platform, to offer Paysafe’s payment processing services to APEXX Global’s merchant base. Through the new collaboration, APEXX Global will support its merchants to scale globally by increasing their international payment acceptance with Paysafe, enabling them to process…
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African Payments Company MFS Africa Acquires U.S. Fintech!
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MFS Africa, a digital payments company, will acquire Oklahoma-based Global Technology Partners in a rare instance of an African group closing a technology deal in the US. The acquisition, which will allow MFS to issue prepaid cards to customers, marks another development in Africa’s fast-growing fintech scene. MFS had paid…
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Yapily Partners With OpenPayd To Expand Its Open Banking Platform.
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Global payments and banking-as-a-service (BaaS) platform OpenPayd and open banking platform operator Yapily have announced a partnership to deliver innovative payment solutions for businesses in the UK and Europe. OpenPayd will integrate Yapily’s open banking platform into its embedded finance offering unified service in instant payments through a single API.
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German Online Broker Trade Republic Receives €250 Million
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Just over a year since raising $900 million in a Sequoia-led round, Berlin’s Trade Republic secured another €250 million in a Series C extension at a valuation of €5 billion. The round was led by Ontario Teachers’, one of the world’s largest pension funds and institutional investors, along with the…
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Jamaica: First Global Bank CEO Mariame McIntosh Robinson Leaves For Fintech Job!
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Mariame McIntosh Robinson is leaving First Global Bank (FGB) next month to take a new position as managing director of a fintech company. The job she is taking up is with an undisclosed US fintech, but she will continue to operate from Jamaica. Since 2016, she has served as President…
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FinTech Crisis – Crypto Exchange Coinbase Extends Hiring Freeze!
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Two weeks ago, the Nasdaq-listed crypto exchange Coinbase paused hiring in an effort to slow its headcount growth amid the dawning fintech & crypto crisis. In one of its latest blog posts on 2 June 2022, Coinbase said that it will extend the hiring pause for the foreseeable future and…
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German-British SumUp Cuts Jobs In Brazil While Expecting Fresh Money!
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According to the #DealMonitor of Deutsche Startups, the German-British FinTech SumUp is about to close a finance round for $400 million at a value of $6.5 billion. The Fintech was founded in 2011 by Daniel Klein, Marc-Alexander Christ, Stefan Jeschonnek, and Jan Deepen. It positions itself as a mobile point-of-sale…
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Peter Thiel And Other Investors Provide Mondu $40 Mio
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Competition in the “buy-now-pay-later” segment is fierce. While Swedish pioneer Klarna has just laid off hundreds of employees, Berlin-based Mondu secured another investment. Malte Huffmann, Philipp Povel, and Gil Danziger founded the fintech in Aug 2021 and secured €13 Mio in a seed financing round. Now they successfully raised around…