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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by Uncover, the new podcast by ComplyAdvantage. Join CEO Charles Delingpole and his team as they interview compliance leaders, FinTech innovators, and financial crime experts to uncover the latest best practices and industry trends. Subscribe on Apple Podcasts or Spotify today
THE NEWS HIGHLIGHT OF THE DAY IS
Nium last year bought 2 companies - UK travel payments specialist Ixaris - a Niumcompany, for £15 million (S$26.69 million) in cash, and an Indian unit of fraud-hit Wirecard for an undisclosed sum. And it may not be done shopping. The company, which recently doubled its valuation to US$2 billion, is looking at 3 to 4 potential deals at any one time, co-founder and chief operating officer Pratik Gandhi told The Business Times (BT). Latin America is especially of interest for Nium, amid its plans for a US initial public offering (IPO).
JUST IN:
Nik Storonsky, the founder of cash-transfer app Revolut, approached a senior Bank of England official in a rare move last week amid his company's drive to become a bank. Storonsky, 37, is understood to have attended an event led by Sam Woods, deputy governor of the Bank, and City Minister John Glen, who dialled in virtually. Revolut has yet to receive a UK banking licence – partly owing to a backlog of applications at the Bank – despite applying for one early last year.
ALSO:
Ratepay, part of leading European PayTech Nexi Group, becomes the exclusive payment by invoice partner for "PayPal Checkout" in Germany.
FURTHERMORE,
Seedrs, Europe's leading private investment platform with over £1.8BN investments recorded to date, has integrated Banked’s Pay by Bank checkout solution into their platform, making investing easier.