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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
Online brokerage eToro and the special purpose acquisition company that agreed to take it public are planning to let the deadline for their merger pass without closing the deal, according to a person familiar with the matter.
JUST IN:
KongaPay has signed a deal with Bibimoney, a UK-based firm, to expand access to financial inclusion in Nigeria.
ALSO:
Nutmeg CEO Neil Alexander has stepped down from his role a year after the firm was acquired by JPMorgan Chase & Co. AltFi article by Theo Andrew.
FURTHERMORE,
The boss of Revolut said his fintech startup has enough funding for at least two more years and would not be looking to raise money, as venture capital dries up across the technology industry.
LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS:
Funding Societies | Modalku Group, a Southeast Asian digital financing platform for small and medium enterprises (SMEs), announced that it is acquiring regional payments solution, CardUp, for an undisclosed sum. The acquisition is subject to regulatory approvals.
AS FOR PARTNERSHIPS
Minna Technologies announces partnership with financial health app Steven AB.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
British International Investment announces $20m investment in mobility fintech Moove.
Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm.
Givebutter, a remote provider of a free operating system for nonprofit fundraising, raised $7M in Seed funding.
Spot Insurance, an Austin, TX-based tech startup offering on-demand injury insurance, raised $33m in funding.
The UAE’s fintech YAP, a leading digital banking platform, has raised $41 million in a funding round led by Saudi Arabia’s AlJazira Capital, Abu Dawood Group, Astra Group and Audacia Capital