eToro soars - TWIF UK & Europe (19/05)

Hello TWIF UK & Europe friends,

Please find another week of fintech news, financings and exits below.

👍 👎 Have feedback or news to share? Let me know Twitter and LinkedIn.

Sign up to TWIF Premium

Check out our sponsorship information

Upcoming TWIF Events

Check out our upcoming events and join us for our next London fintech breakfast!

Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom.

🇪🇺 AI insurtech MarvelX raised a $6m round led by EQT Ventures.

🇪🇺 Budgeting app GoDutch raised a €1.2m round from angels.

🇪🇺 Corporate pension solution Penzilla raised a €3.2m round from Motive Partners, Delin Ventures, Arcadian Ventures and others.

🇪🇺 Credit risk management solution Tinubu Square raised a $45m round from Morgan Stanley.

🇬🇧 Primary capital markets fintech RetailBook raised a £4.5m round led by Augmentum Fintech.

🇬🇧 Zopa Bank raised £80m through a bond listing.

🌍 Investing app Stash raised a $146m round led by Goodwater Capital.

🇪🇺 B2B lender Froda partnered with business bank Wamo to launch card based lending.

🇬🇧 Monzo is lining up bankers for its upcoming IPO. It also launched a new tool to allow customers to cancel a mistaken bank transfer.

🇬🇧 Allica Bank has integrated with QuickBooks.

🌍 Spend management solution Jeeves has launched a tool to combat corporate travel payment fraud in Brazil.

🌍 Latam neobank Nubank has rolled out tap-to-pay Pix in its app.

🌍 Neobroker eToro raised $620m in an upsized IPO, jumping nearly 30% on its debut.

🌍 US neobank Chime files for its US IPO.

🇪🇺 Crypto exchange Gemini received an Investment Firm Licence from Malta.

🇪🇺 Germany shut down and seized $38m assets from crypto exchange eXch.

🌍 Meta is looking into stablecoins for payouts and is in talks with digital asset firms.

🌍 Crypto exchange Coinbase is to be included in the S&P 500. It also announced that criminals bribed contractors and stole some customer data.

🌍 Robinhood is to acquire Canadian crypto service WonderFi for $180m.

🌍 Digital asset prime broker FalconX selected Standard Chartered to provide banking services.

🌍 Crypto exchange Crypto.com has obtained a restricted dealer registration in Canada.

🌍 Crypto custodian Anchorage Digital is to acquire stablecoin issuer Mountain Protocol.

🌍 US digital asset custodian BitGo has secured a MiCA custody licence.

🌍 Tokenization provider Ondo announced that it completed a transaction for its OUSG token using Kinexys Digital Payments by JP Morgan.

🇪🇺 Italian bank Unicredit has signed a 10 year deal with Google Cloud for a digital transformation project.

🇪🇺 Goldman Sachs is considering expanding its Marcus retail bank to Ireland and Germany.

🇪🇺 BBVA has almost quadrupled the number of ChatGPT Enterprise licences it uses. The bank also processed the first Request to Pay between European banks with CaixaBank

🇪🇺 ING Belgium has launched a "check the call" fraud feature, following in the footsteps Monzo.

🇪🇺 Swedbank received SEK 12.5m in fines from SFSA for security shortcomings.

🇬🇧 Lloyds Bank has selected Moneyhub as their data enrichment partner.

🌍 Bank of America is investing in 150 new branches by 2028.

🌍 Citigroup is to offload its wealth alternatives platform to iCapital.

🇬🇧 BaaS provider ClearBank has partnered with open banking platform Ozone API.

🇬🇧Cross-border transfer platform Wise has signed Raiffeisen Bank as a customer.

🇬🇧 Infrastructure provider Konsentus launched its fully managed VoP service.

🇬🇧 BaaS provider Bank of London faces regulatory probe after its auditor raised concerns about its future.

🇪🇺 Payment solution Mollie has expanded into Portugal.

🇪🇺 Payment provider Adyen and JCB launched card-on-file tokenization.

🇪🇺Payment provider Enfuce rolled out a new compliance and security standard.

🇬🇧 Payments solution GoCardless has signed Giacom as a customer as is integrating with its billing platform,

🇬🇧 BNPL payment solution Zilch has surpassed 5 million customers.

🇬🇧 JPMorgan has withdrawn its UK lawsuit against Greek fintech Viva Wallet.

🇬🇧 Payment solution myPOS has partnered with YouLend to offer financing solutions to its SME customers.

🌍 BNPL provider Affirm is to become a payment option for Costco customers online.

🌍 Stripe has partnered with Verifone to offer unified commerce with Verifone hardware.

🌍 Block reported disappointing profit growth in Q1 for Cash App.

🌍 The CFPB has rescinded its NBR Rule.

💡

Have a thought/question/comment about anything we covered?

‌Start a discussion in the comments section below!

👍 👎 Have feedback for us? Let us know

Follow me on Twitter and LinkedIn for more fintech contentSee you next week!