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? News Highlight: PayPal CFO John Rainey disclosed that 4.5 million accounts had been shut down after “bad actors” took advantage of incentives and rewards programs, resulting in shares falling by 25%.
⚡ Just in Sokin is the latest UK fintech to embark on a mission to corner the US market.
⭐ Also, Masthaven Bank is withdrawing from the UK banking market.
?? Furthermore, Americans can now download the Monzo app and set up an account within 10 minutes, getting access to money management features and a contactless debit card.
? Crypto - Bahrain-headquartered CoinMENAobtained a second cryptocurrency license from the European Union
? M&As: Walmart has upped the ante on its SuperApp ambitions, with the recent acquisitions of two FinTechs –Ever Responsible Finance and One Finance
? Partnerships -

dLocal announced its expanded partnership with Rappi, a Colombian multi-vertical company headquartered in Bogotá, and with main offices in São Paulo and Mexico City.
SumUp and PrestaShop announced a partnership that will give hundreds of thousands of merchants on the PrestaShop platform access to SumUp’s extensive product suite of tailor-made business tools.
Rewire has partnered with Qover – a leading InsurTech in seamless embedded insurance solutions.

? Funding rounds & investments:

Last week, €344m was raised across 17 FinTech deals. Geography-wise, a lot of ground was covered, however, most of the deals came from France.
Seven Seven Six announced that it has closed on $500 million across two vehicles for its second fund.

? New Launches & Features:

Qatar Islamic Bank has launched a limited-edition FIFA World Cup Qatar 2022 Visa Signature credit card, Visa debit card, and Visa prepaid card.
RiverBank launched a fully digital loan application for advisors and intermediaries in the professional real estate sector.

? Movers & Shakers: Kueski announced the appointment of Krishna Venkatraman as the company's chief data officer.
? Opportunities: Monzo Bank will allow its employees to take three months’ paid leave as it joins a growing number of businesses that are overhauling their working practices to become more flexible after the Covid-19 crisis.