What was fun in fintech this week? Well for starters - Fintech powerhouses Klarna and Raisin teamed up for a brand new savings offering in Germany, whilst that exact same increased savings demand lead Goldman Sach’s Marcus to temporarily stop accepting new customers as it teeters dangerously close to it’s 25 billion GBP deposit cap. Insurance Fintech Lemonade has filed with the SEC for an IPO, seeking to raise 100 Million USD (~€88.5M). TransferWise is celebrating 2 billion GPB in deposits as a result of the success of it’s new account functionalities and core banking platform Thought Machine shone a light on financial literacy: If you want to keep your kids busy this weekend, head over to Nestlums - a gamified app experience that teaches children the basics of personal finance. Our friends in VC didn’t sit still either this week - Sharia compliant investment portal Wahed scored $25 million USD, IbanFirst brought home 23.8 million for its borderless financial service, with fintechs Cobase and Codat each scoring 10 million to ramp up their offering. For those who are following the news in the US and around the world regarding systemic racism, fortune.com has a welcome expose with hard hitting questions on this issue in finance. Happy reading and check out our research and opinion sections for more exciting weekend reads!
We sat down today with Eugenie Casier, Director of Funding Options Netherlands, to discuss the recent news from the FinTech sector, check it out here
Vivid Money is a mobile banking startup spinoff owned by Russian Tinkoff Bank - and will soon be launching in Germany based on a partnership with Solarisbank and VISA
Popular money transfer service Transferwise, which recently launched account services in multiple currencies has announced that it now holds 2 billion GBP in deposits.
Stepping into the financial literacy and education space, core banking platform Thought Machine has partnered up with app developer glitchers to produce a gamified money education experience targeted at children, called Nestlums.
When it was launched in 2018, Goldman Sach’s retail saving provider Marcus offered an industry beating 1.5% interest rate, which has slowly been staggered down to the current 1.05%.
The World Retail Banking Report 2020 from Capgemini and Efma explores how retail banks are facing pressure to transform, as new entrants focused on customer experience gain significant market traction while the current pandemic environment drives consumers to digitally interact more with their banks.
We missed this one last week, but remains interesting to highlight. Statista has created a landing page with loads of COVID-19 statistics, the impact on GDP, macro economic impact, ipact on stock marktes and impact on regions.
It appears that despite everything going on - Fintech is still the dominating force in the UK startup scene, raising $5.4 billion until the end of May in the UK alone.
This series of interviews and exposés led by fortune.com shows some very urgent and hard facts of racial issues across financial sectors, with many different experts weighing in.
With Africa set to receive $50 billion USD towards economic recovery over the next 15 months, primarily from the World Bank, the way the market will respond is subject to much debate.
Banks are often seen as benchmarks for other industries because of their high levels of regulation and compliance burdens as central pillars of our economic systems. However - they aren’t necesarily always ahead.
Our Holland FinTech Online Meetups allow the international Fintech ecosystem to gather together and allows for the companies of our Network to stay at the Forefront of Innovation. If you are looking for exposure, new customers, investors, team members or cool startups, you will surely meet them here!
MoneyNext Summit Online is the leading virtual event to address the current financial landscape and offer insight and opinion into the future of money.
180 visionary speakers and 5,000 finance and technology decision makers debate the latest industry trends and future innovations alongside tech giants and the latest startups.
Europe’s biggest FinTech event is back. The relationships that are built here will shape the future of money. See what will drive the industry before it hits the industry. Enjoy three days of networking-rich opportunities that bring together the most brilliant minds to deliver the next frontier of Financial Services.
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