Hello TWIF UK & Europe friends,

Join us for our sunny summer edition of our London Fintech Breakfast at the end of July!

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.

🇪🇺 Lender re:cap raised a €125m credit facility from HSBC and Avellinia Capital.

🇬🇧 Revolut is looking to raise new capital at a $65m valuation.

🇬🇧 Insurtech Wrisk raised a £12m Series B from Mundi Ventures, Volution Group, Opera Tech Ventures and QBN Capital.

🌍 Fixed income trading solution Moment raised a $36m Series B.

🌍 Rent rewards provider Bilt raised $250m.

🌍 Accounting solution Nominal raised a $20m Series A.

Challenger Banking 🚀

🇬🇧 Neobank Revolut is still waiting on a licence to launch consumer credit products in the UK. It launched stocks and shares ISA and ETFs.

🇬🇧 Credit building platform Loqbox has integrated its solution with Jaja Finance, a credit card provider.

🇬🇧 Neobank Monzo received a £21m fine for AML failings from the FCA. Wise was also hit with a $4.2m fine from US states for AML deficiencies.

🇬🇧 Wealthtech WealthKernel was acquired by US fintech Alpaca.

Digital Assets ₿

🇪🇺BBVA has launched a retail bitcoin and ethereum trading and custody business in Spain.

🇪🇺 The European Securities and Markets Authority is reviewing Malta over its fast-track MiCA authorisations.

🌍 Digital asset custodian Copper has added crypto exchange Coinbase to its off-exchange settlement solution ClearLoop.

🌍 Stablecoin issuer Circle has partnered with exchange OKX to remove fees for USDC conversions.

🌍 Ripple has selected BNY to custody the reserves for its RLUSD stablecoin.

🌍 Global payments firm Airwallex is hiring for a stablecoin team,

Traditional Banking 🏦

🇪🇺 Banco BPM has launched transaction enrichment through a partnership with Snowdrop.

Payments 💰

🇪🇺 Five Belgian banks have joined the European Payments Initiative and will roll out its Wero digital wallet..

🇪🇺 Adyen launched its Capital financing solution in Canada.

🇬🇧 Payments platform Finmo secured a UK EMI licence.

Longer reads/listens 📜

• Amazon’s Stablecoin Strategy (and other Channel Masters) - Tom Noyes
• Waymo’s Self-Driving Future Is Here - Time
• The details of Jane Street’s alleged ‘sinister scheme’ in India - FT
• Quick thoughts – Stablecoins Vs Cards - Tom Noyes

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See you next week!