Hello TWIF UK & Europe friends,

Join us and our friends at ZeroHash for the Amsterdam edition of The Stable Salon during Money20/20. Spaces are limited, registration required.

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

Programming note: There will be no TWIF UK & Europe next week

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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.

🇪🇺Lending marketplace Income raised a €1.5m round.

🇪🇺Crypto platform Blockrise raised a €2m round.

🇪🇺 Payments provider Bezahl.de raised a €23m Series C from Seaya, PayPal and BlackFin Capital Partners.

🇬🇧 Trade credit fintech Ontik raised $3.7m.

🇬🇧 Pension provider Penfold raised a £3.9. round from Gresham House Ventures.

🇬🇧Insurtech Kota raised a €12.8m Series A from Northzone, EQT Ventures, Frontline Ventures, Plug and Play and Eurazeo.

🌍 Global payment solution Airwallex raised a $300m Series F at a $6.2bn valuation.

🌍 Trading platform True Markets raised an $11m Series A from RRE Ventures, PayPal, Accomplice and Reciprocal Ventures.

🌍 Neobank for entrepreneurs Slash raised a $41m Series B from Goodwater Capital.

Challenger Banking 🚀

🇪🇺 B2B lender Qonto has integrated a payment acceptance solution into its app.

🇪🇺B2B lender YouLend has partnered with eBay Germany to offer capital to its sellers.

🇬🇧 Neobank Revolut has selected Paris for its Western Europe HQ and has applied for a French banking licence, investing €1bn in France.

🇬🇧 LHV Bank launches a new fee-free current account.

🇬🇧 Financial management app Snoop launched VRPs to automate savings.

🇬🇧 US neobroker Robinhood is to launch fee-free ISA's in the UK.

Digital Assets ₿

🇪🇺 Crypto exchange Bitstamp has secured a MiCA licence.

🇪🇺 Crypto exchange Kraken is rolling out its regulated derivatives trading business in Europe. The exchange is also to list tokenized US stocks.

🌍 Circle has engaged with informal talks about being acquired by Ripple and Coinbase as it considers its IPO.

🌍 JPMorgan Chase is to let clients buy bitcoin.

🌍 Stablecoin legislation in the US advanced from the US Senate.

🌍 Robinhood has filed a regulatory proposal to the US SEC to create a framework for real world tokenization.

🌍 Crypto exchange Bybit launched direct trading of stocks with USDT.

🌍 Major US banks are exploring issuing a joint stablecoin.

Traditional Banking 🏦

🇪🇺 BBVA has overhauled its app in Spain with a version that is scalable to all countries the bank operates.

🇪🇺 The Dutch government reduced its stake in ABN Amro to 30%.

🇪🇺 Santander's US digital banking platform gained 100,00 customers in six months.

🌍 JPMorgan launched an AI-generated Account Confidence Score for corporate payments to assess fraud risk.

🌍 Citi has launched an A2A payment tool for its institutional clients.

Fintech Infrastructure 🚧

🇬🇧 BaaS provider Griffin signed TransferGo as a customer and will power their GBP wallets and savings.

🇬🇧 BaaS provider ClearBank signed fintech Payabl as a customer. It also signed One Trading.

🌍 Financial technology provider Galileo launches payment switch to enhance bill payments.

Payments 💰

🇪🇺 Nuvei has joined the European Payments Initiative (EPI) which will see the Wero digital wallet integrated into ecommerce checkouts.

🇪🇺 Klarna reported a profitable Q1 2025 with revenue +15% and GMV +$25bn and now reaches 100 million active consumers but losses widen. It announced its also approaching $1m in revenue per employee.

🇬🇧 The UK unveiled its BNPL rules, which sees the sector fall under FCA scrutiny and requires affordability checks.

🌍 Capital One has completed its acquisition of Discover.

🌍 BNPL provider Affirm has partnered with travel platform Kayak in Canada.

Longer reads/listens 📜

• Open Finance is hanging by a thread - Simon Taylor
• AI Agents as adversaries for building fraud models - Ayokunle

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See you next week!