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Welcome to your daily FinTech news!
NEWS HIGHLIGHT
Report advising banking institutions in Australia of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. The report has been commissioned after concerns that banks may be “debanking” or simply not agreeing to offer such services to Fintechs, crypto startups, and other industry participants. Link here.
FINTECH NEWS
#BreakingNews
Zopa is in talks to raise $100m ahead of IPO. This round would add to the huge $300m the bank raised last October in a “pre-IPO” funding round led by Japanese telecoms giant Softbank. Link here
Xendit lays off 5% of its staff in Indonesia “due to the uncertain macroeconomic situation.” Founded in 2015, Xendit offers a payment gateway service that allows startups and SMEs to process digital payments. Link here.
#Insights
Global payments revenues still rising. The industry has displayed remarkable resilience throughout the pandemic and current macroeconomic challenges," said Dr. Markus Ampenberger. Link here
The most promising FinTechs of 2022. This year’s winners are shaping the future of B2B and B2C financial services, from payments and banking to investing and insurance. Link here