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THE NEWS HIGHLIGHT OF THE DAY IS
Solarisbank AG and Contis Group Ltd have brought their previously formed partnership to completion. The firms have decided to enter into a definitive business combination agreement. Contis and Solarisbank will now operate as a joint entity, bringing an unrivaled Banking-as-a-Service offer to the European market.
JUST IN:
Monzo Bank failed to publish the MMC in its Fee Information document between 25 October 2018 - 19 November 2021. Monzo has taken steps to end the breach and prevent a recurrence.
ALSO:
Funding accelerated during 2021. Banking and lending tech raised a total of $40 billion across 1,061 deals, representing here around 30% of total FinTech funding, almost as much as the previous three years, combined.
WHAT ABOUT CRYPTO?
The U.S. Securities and Exchange Commission (or SEC) approved the country's 17th stock exchange, a subsidiary of Boston-based BOX Exchange LLC, which will incorporate blockchain technology.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
MyCointainer raised $6 million in a Seed Round. The event was led by Mapleblock Capital and co-led by Shima Capital & Bybit - one of the dominant cryptocurrency exchanges worldwide
Onramper raised $6 million in seed funding to accelerate the product roadmap and quadruple headcount over the next six months
OZÉ, a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products, has raised a $3 million pre-Series A round
Kilde Financial Technologies closed a pre-Seed funding round of US$350,000 bringing its total funding to date to US$830,000.
NOW, LET’S COVER NEW LAUNCHES AND FEATURES.
Fintech start-up destream is launching a bank card for streamers and internet content creators.
AS FOR OPPORTUNITIES
Monzo Bank is to launch an investment and wealth business and is recruiting for an executive to head up the unit.
Worldline is to hire more than 5000 staff over the next few months to cement its position as a global paytech.