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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
Digital Bank Volt Bank shuts down. The chief executive of failed neobank Volt still believes there is merit in trying to disrupt Australia’s banking oligopoly, saying his firm’s technology and products were competitive, but it just couldn’t raise the capital to keep growing.
JUST IN:
Atlantic Money has secured a license with the National Bank of Belgium to operate in Europe and access all 30 EU and EEA member states.
ALSO:
Amount, a fintech that reached unicorn status last year, has laid off 18% of its workforce..
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Paris-based cybersecurity insurtech Stoïk has raised €11m in a Series A round led by US investment giant Andreessen Horowitz.
Greenfield Partners, a Tel Aviv, Israel-based investment firm, closed new investment funds totaling $350m.
Blockchain fintech firm PolySign, Inc. has raised $53 million in a Series C funding round.
WHAT ABOUT CRYPTO?
Wirex announced that it is operational in the UK again, following “discussions” with the UK Financial Conduct Authority (FCA).
LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS:
Delhi-based merchant commerce platform Pine Labs announced that it is acquiring Bengaluru-based API start-up Setu.
NOW, LET’S COVER NEW LAUNCHES AND FEATURES.
StellarFi ? has announced the launch of its credit-building web app in the US.
Starling Bank launched the first-ever Fantasy Football game for the UEFA Women’s EURO ahead of the official tournament kick-off on Wednesday 6th July.
Nubank announced this Tuesday (28) its new credit and debit card aimed exclusively at CNPJ accounts.
AS FOR AWARDS
ZEN.COM, an innovative European fintech, has been awarded the Digital First certificate by Mastercard.