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Join us for the next edition of the London Fintech Breakfast, this time at the wonderful Canva office in Hoxton Square!

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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.

🇪🇺 Restaurant payments service Sunday raised a $20.8m Series B from DST Global.

🇬🇧 BNPL provider Zilch raised $175m in debt and equity.

🇬🇧 Workflow automation solution Integrated Finance raised a £1.9m Series A.

🇬🇧 Multi-currency account solution ALT21 raised a £1m round.

🇬🇧 Wealth management infrastructure FNZ raised a $650m round fro Aviva, CPP Investments, Generation Investment, Motive Partners and CDPQ.

🇬🇧 Credit provider Jaja Finance raised a £23m round from KKR and TDR Capital.

Challenger Banking 🚀

🇬🇧 Treasury management provider TreasurySpring, Eurex and Clearstream have opened cleared repo markets to corporate treasury clients.

🇬🇧 Coinbase has pulled out of its proposed $2bn deal to buy stablecoin infrastructure platform BVNK.

🇬🇧 Cross-border payment provider Wise has integrated its Wise Platform infrastructure with Canadian fintech Wealthsimple.

🌍 Brokerage firm Charles Schwab is acquiring private markets platform Forge Global.

🌍 Venmo has launched a cash back rewards program for debit card users.

Digital Assets ₿

🇪🇺 Italian payment network Bancomat announced a EUR-BANK stablecoin.

🇪🇺 Citi has expanded its Citi Token Service to Europe.

🇬🇧 The Bank of England has published a consultation paper on its proposed regulatory regime for GBP stablecoins. It confirmed a temporary £20k limit on stablecoin holdings.

🇬🇧 Coinbase is launching a savings account in the UK, offering 3.75% interest through a partnership with BaaS provider ClearBank.

🇬🇧 Digital financial markets infrastructure ClearToken wins FCA approval.

🇬🇧 Revolut is to offer 1:1 fiat conversions for stablecoins at zero cost.

🌍 B2B blockchain payments company Paystand acquires cross-border payment network Bitwage.

🌍 Square has rolled out bitcoin payments at the POS for four million merchants.

🌍 US state regulators are seeking joint federal guidance on tokenized deposits.

🌍 Coinbase will offer its first retail token offering as part of its new platform.

🌍 Fireblocks and payments company Episode Six have joined forces to connect the world of fiat and digital assets.

🌍 Visa is running a pilot of USD stablecoin payouts to creators and gig workers.

🌍 SoFi has relaunched its crypto trading solution.

🌍 JP Morgan's Kinexys business is working with Singaporean bank DBS on an interoperability framework for tokenised deposit transfers. The US bank also issued its deposit token on Coinbase's Base blockchain, a first for a US bank.

🌍 Franklin Templeton has expanded its Benji technology platform to Canton Network.

🌍 BlackRock has expanded its BUIDL treasury fund onto the BNB chain as exchange Binance begins to accept the token as off-chain collateral.

Traditional Banking 🏦

🇪🇺 BNP Pariba is using AI to speed up its ESG assessments.

Fintech Infrastructure 🚧

🇬🇧 Payments technology provider OpenPayd has added virtual IBANs to its product offering.

Payments 💰

🇪🇺 Klarna enables recurring payments via VRP in Germany through partnership with Sparkassen.

🇪🇺 Dutch payment processor Adyen launched two new payment terminals.

🇪🇺 Payments company MyPOS has enabled Tap to Pay on iPhone in Spain.

🇪🇺 Mobile payment scheme Blik has conducted a first cross-border test transaction between users in Portugal and Spain.

🇬🇧 PayPal has relaunched in the UK with debit and credit cards which include rewards.

🌍 Visa and Mastercard have agreed a settlement over interchange fees and merchant choice.

🌍 PayPal is bringing its Pay in 4 BNPL solution to Canada.

👍 👎 Have feedback for us? Let us know

See you next week!