Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below:
Welcome to your daily FinTech news!
In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.
NEWS HIGHLIGHT
Nuri terminates its business after failing to find an acquirer. They had not been able to find investors to continue their mission. Customers have been asked to withdraw their funds by December 18. Link here
BREAKING NEWS
bunq wins appeal case against DNB. Earlier this year, the neobank sued DNB over a disagreement over the use of technology to combat money laundering. Link here
INSIGHTS
€269m was raised across 9 European FinTech deals. Crypto custodian Copper raised €186m in a Series C, followed by GoHenry raised a €57m Growth round, and Net Purpose raised €11m in Series A funding. Link here
FINTECH NEWS
Paycell begins its European journey. They are making significant international investments to achieve their goal of becoming an inclusive financial service provider. Link here
Creditclan rebrands as Clan. Also, they’ve introduced swap now pay later to accommodate the growing segment of item upgrade finance across Africa. Link here
DIGITAL BANKING NEWS
New PayPal rewards program. When checking out with PayPal, consumers in the US can now earn points towards cash back with the ability to redeem. Link here