Photo by Vlad Hilitanu / Unsplash
Hello TWIF UK & Europe friends,
Join us on Monday April 14th for the next edition of the London Fintech Breakfast, with our friends Vanta and CMS!
RSVP now to secure your spot! ☕🥐
Please find another week of fintech news, financings and exits below.
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Tweet of the week 🦉🏆
Excited to announce that I closed on a $31.38 transaction to secure a burrito and side of chips
20-year senior fixed rate financing was provided by Klarna
DoorDash provided delivery of the asset
Congratulations to all involved pic.twitter.com/u0DPMHlS8K— Chase Passive Income (@chasedownleads) March 20, 2025
Funding 💸
Highlights below of deals since the last post in the fintech space across the UK & Europe. Deal data powered by Dealroom.
🇪🇺 Wealthtech RockFi raised a $18m Series A from Partech and angels.
🇪🇺 Alternative investment platform Openstone raised a €2m seed round.
🇬🇧 Lender Level raised a £105m combined debt and equity round from Capricorn Capital and Pollen Street Capital.
🇬🇧Wealthtech Firenze raised a £2.5m seed round led by Outward VC.
🇬🇧 Consumer lender Abound raised a £250m debt facility from Deutsche Bank.
🇬🇧 Payment solution Burbank raised £5m from Anthemis Group, Mouro Capital and Portfolio Ventures.
🇬🇧 AI agent payments solution Paid AI raised a €10m seed round from Sequoia and EQT Ventures.
🌍 Card issuing platform Rain raised a $24.5m round led by Norwest Venture Partners.
🌍 Business neobank Mercury raised a $300m Series C.
Challenger Banking 🚀
🇪🇺 B2B lender Liberis has partnered with payment provider Teya to offer SME funding in Czech Republic and Slovakia.
🇪🇺 Neobroker eToro has publicly filed to IPO.
🇪🇺 Insurance provider AXA has partnered with neobroker Shares.
🇬🇧 Neobank Monzo introduced a split payments feature.
🇬🇧 Experian has launched an open banking powered Cashflow Score.
🌍 US neobank Chime has launched Instant Loans.
🌍 Neobroker Robinhood has launched wealth management services.
Digital Assets ₿
🇪🇺 BlackRock is launching a bitcoin ETP in Europe.
🇬🇧 Revolut launched a mobile crypto exchange app, Revolut X, for UK and EU users.
🌍 Crypto exchange Kraken is considering a $1bn debt raise ahead of a potential IPO.
🌍 BlackRock and tokenization platform Securitize have expanded its tokenised money market fund BUIDL to Solana.
🌍 Custodia Bank and Vantage Bank completed the tokenization of U.S. dollar deposits on the Ethereum.
🌍 Latam neobank NuBank has expanded its crypto platform's portfolio.
🌍 Fidelity Investments is rolling out a stablecoin.
🌍 Exchange parent group ICE is exploring how it can use Circle's USDC and tokenised money market funds.
🌍 Interactive Brokers expands crypto trading to include SOL, XRP, ADA and DOGE.
Traditional Banking 🏦
🇬🇧 Lloyds Banking Group has extended its partnership with Oracle to push its multi-cloud strategy. It also partnered with Taulia for virtual cards.
🌍 JPMorgan Chase and Walmart have partnered to provider the retailers marketplace sellers with banking services.
Fintech Infrastructure 🚧
🇬🇧 Debt capital markets analytics provider 9fin acquired Bond Radar.
🇬🇧 Wealthtech infrastructure provider WealthKernel partnered with Round Treasury to automate treasury and banking.
🌍 Private company marketplaces EquityZen and Forge Global are partnering with Yahoo to launch a private market hun.
Payments 💰
🇪🇺 Klarna signed food delivery platform DoorDash as a customer for its payment options.
🇪🇺 Open banking payment provider Trustly introduced biometric log-ins.
🇬🇧 Open banking provider Noda launched offline QR code payments.
🇬🇧 Payment provider myPOS acquired UTP Group.
🇬🇧 Payment orchestrator Primer has integrated JPMorgan Payments into its platform.
🇬🇧 Open banking payment provider Atoa integrated with Xero.
🌍 Visa and World Network, Sam Altman's crypto project, are discussing a stablecoin payment wallet.
🌍 Affirm is deepening is agreement with JPMorgan Payments and will see Affirm's solutions be made available to JPMorgan's Payments network.
💡
Have a thought/question/comment about anything we covered?
Start a discussion in the comments section below!
Longer reads/listens 📜
The Kill-or-Be-Killed Fight for Crypto’s Future - Angus Berwick, WSJ
The Death of Crypto and the Beginning of Onchain Finance - Simon Taylor
Gimme Credit - Oaktree
The Long Shadow of LTCM: An Interview with Eric Rosenfeld - Marc Rubinstein
The value of technological progress - Matt Clancy, Works in Progress
Is Polymarket Legal? How Shayne Coplan’s Bet Is Paying Off. - Jen Wieczner
How Airbus took off - Alex Chalmers, Works in Progress
How to break the Planning and Infrastructure bill - Sam Dumitriu, Notes on Growth
👍 👎 Have feedback for us? Let us know
