Hello TWIF UK & Europe friends,

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

👍 👎 Have feedback or news to share? Let me know Twitter and LinkedIn.

Sign up to TWIF Premium Join us on WhatsApp Join our Slack

Funding 💸

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

🇪🇺 Fraud prevention fintech Acoru raised a €10m Series A from Adara Ventures, Athos Capital and 33N Ventures.

🇪🇺 Home insurtech Enzo raised a €6.2m round from Equity Pitcher, Silence VC and others.

🇬🇧 Revolut raised $3bn at a $75bn valuation.

🇬🇧 AI software for financial services Finster AI raised a $12m Series A from Fintech Collective.

🌍 Digital asset focused neobank Pave raised a $39m Series A from Accel, Wintermute, Tether, Quona Capital and Financial Technology Partners.

Challenger Banking 🚀

🇬🇧 Neobank Revolut received a Mexico banking licence, giving it the greenlight to start operations.

🇬🇧 Neobank Zopa launched an easy access savings account.

🇬🇧 Business bank Allica Bank acquired SME lending firm Kriya.

Digital Assets ₿

🇪🇺 Revolut secured a MiCA licence in Cyprus enabling it to expand its crypto trading service across the EEA.

🇪🇺 Swiss bank Sygnum launched a bitcoin-backed loan platform.

🇬🇧 21Shares, Bitwise and WisdomTree got FCA approval for Bitcoin and Ethereum ETPs.

🇬🇧 Zepz, formerly WorldRemit, launched a stablecoin-backed wallet.

🇬🇧 The FCA has sued crypto exchange HTX.

🌍 Coinbase is opening up its bitcoin rewards card to all Americas on its waitlist. It also acquired crypto investment platform Echo.

🌍 Crypto exchange Gemini launched a Solana credit card with auto-staking rewards.

🌍 Three Japanese banks are jointly launching a stablecoin.

🌍 President Trump has pardoned former Binance founder CZ.

🌍 Digital asset technology platform Fireblocks acquires developer platform Dynamic.

🌍 Money transfer service Zelle is to utilise crypto for international payments.

🌍 Digital asset prime broker FalconX is to acquire ETP issuer 21Shares.

🌍 Crypto exchange Deribit has joined Komainu's off-exchange settlement solution.

🌍 Payments firm Modern Treasury acquired stablecoin startup Beam.

🌍 JP Morgan is to allow clients to pledge BTC and ETH as collateral for lending.

🌍 Crypto exchange Crypto.com has applied for an OCC National Trust Bank Charter to allow it to expand its institutional custody business.

Traditional Banking 🏦

🇬🇧 Lloyds has partnered with hospitality provider Lolly on a Pay by Bank system.

Fintech Infrastructure 🚧

🇪🇺 Open banking provider Tink extended it's partnership with bill splitting app SplitWise.

🇬🇧 Open banking provider Plaid signed BNPL provider Zilch as a customer.

🇬🇧 Open banking provider TrueLayer is to acquire Nordic rival Zimpler as it expands its Pay-by-Bank offering.

Payments 💰

🇪🇺 Payment orchestration provider Gr4vy partnered with Mastercard.

🇬🇧 POS payment provider SumUp has launched in Mexico.

🇬🇧 Klarna launched a debit-first card in the UK.

🇬🇧 Payments provider GoCardless signed AI credit and debt-as-a-service company Clay as a customer.

🌍 Payments solution Shift4 is to acquire the North American business of Worldline.

👍 👎 Have feedback for us? Let us know

See you next week!