Hello TWIF UK & Europe friends,

Don’t miss out on our next London Fintech Breakfast, which is an AI edition with friends Gradient Labs and CMS.

Executive or Investor? Join our London Executive Dinner in collaboration with CMS and Rothschild & Co next month at the wonderful St. John.

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

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Funding 💸

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

🇪🇺 SME lender Teylor raised a €150m credit facility from Fasanara Capital.

🇪🇺 Payments platform Xmoney raised a $21.5m round from MultiversX and Sui Foundation.

🇬🇧 Core banking provider Thought Machine raised a £45m round.

🇬🇧 Alternative investment platform Bite Investments raised a $25m round from NewSpring Capital.

Challenger Banking 🚀

🇬🇧 Revolut is exploring a dual listing in London and NYC.

🌍 Wealth management platform Wealthfront has filed for an IPO.

🌍 Spend management solution Brex is adding stablecoins as a payment methods and also allowing customers to pay their card balances with USDC.

🌍 Latam neobank Nubank has applied for a US national bank charter.

🌍 Neobroker Public has launched a customizable direct indexing service.

Digital Assets ₿

🇪🇺Digital asset custodian BitGo received a BaFin licence as it will expand its crypto trading services in Europe.

🇪🇺 Deutsche Bank has carried out a euro-denominated cross-border payment.

🇪🇺 Deutsche Borse is partnering with Circle to integrate stablecoins into Europe's market infrastructure.

🇪🇺 The CME is to introduce "always on" trading of crypto futures next year.

🇬🇧 Stablecoin infrastructure solution BVNK has surpassed $20bn in transaction volume.

🌍 Citi's Token Service has been integrated its cross-border payment service to allow 24/7 clearing.

🌍 Crypto exchange OKX launches a stablecoin payment solution in Singapore.

🌍 Visa is to pilot pre-funding stablecoins through its Visa Direct solution.

🌍 Cloud connectivity provider Cloudfare is to introduce US dollar stablecoins for agentic payments.

🌍 Digital asset market maker GSR acquires a FINRA broker dealer, Equilibrium Capital Services.

🌍 Coinbase is pursuing for an OCC federal charter.

🌍 Walmart-backed fintech OnePay is adding BTC and ETH trading to its app/

Traditional Banking 🏦

🇪🇺 Santander has launched a BNPL product, Zinia, in Spain for Amazon purchases.

🇬🇧 HSBC has added a real-time liquidity tool for its treasurer clients.

🇬🇧 JPMorgan is dropping its Nutmeg wealth management brand and replacing it with JP Morgan Personal Investing.

🌍 Bank of America have rolled out a AI assistant for its Global Payment Solutions business.

🌍 The Fed has dropped Morgan Stanley's stress capital buffers requirement.

Fintech Infrastructure 🚧

🇪🇺 Open banking provider Plaid has expanded its partnership with MoneyGram in Europe.

🇬🇧 Financial software solution Finastra unveiled an Intelligent Routing Module.

🌍 Financial software provider Fiserv is to acquire cash manager StoneCastle.

🌍 Modern credit bureau Infact has partnered with Zopa Bank to improve customer credit information.

Payments 💰

🇪🇺 Global payments solution Airwallex has added support for Nordic currencies for its issuing product.

🇬🇧 Payments firm Checkout.com is allowing employees to cash in their shares at a $12bn valuation. The firm is also seeking a Georgia banking charter.

🇬🇧 Worldpay has launched an embedded finance engine.

🌍 Global payments messaging service Swift announced it is to integrate a blockchain-based ledger to its infrastructure stack.

🌍 Stripe signed OpenAI to enable payments for purchases within ChatGPT.

🌍 PayPal is to add Honey to its new agentic commerce features.

👍 👎 Have feedback for us? Let us know

See you next week!