Hello TWIF UK & Europe friends,

A quick favour

Please continue to reply to this email, check your spam folders and mark TWIF as important to help us with our deliverability.

Thanks in advance!

We’ve got a few super exciting events coming up over the next 3 months - mark your calendars and RSVP early!

• July 31st - London Fintech Breakfast
  - Start your day right with great coffee, even better conversations, and top fintech minds in London.
• August 21st - Edinburgh Fintech Drinks
  - Fintech meets festival vibes. Join us for relaxed drinks during the Fringe!
• September 21st - Fintech in the City with 13books
  - An unforgettable night of networking and celebration at Nobu, co-hosted with 13books.

Programming note: There will be no newsletter next Monday 4th August.

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

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

Funding 💸

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

🇪🇺 Credit infrastructure platform Credibur raised a $2.2m pre-seed round.

🇪🇺 Neobroker Lightyear raised a $23m Series B from Lightspeed and angels.

🇬🇧 Finance platform Monet raised a £17m round from Force Over Mass Capital and angels.

🇬🇧 Finance automation solution Xelix raised a $160m Series B from Insight Partners, Passion Capital and LocalGlobe.

🌍 Tax solution April raised a $38m Series B from Nyca Partners, QED, Team8 and others.

🌍 Alternative investment platform YieldStreet raised a $77m round from Edison Partners, Mayfair Equity Partners, RedBird Capital and others.

Challenger Banking 🚀

🇪🇺 Spend management provider Mynt is to partner with Nordea and offer SMEs its spend management solution.

🇬🇧 Neobank Monzo has migrated its wealth products to be powered behind the scenes by wealthtech Seccl.

🇬🇧 The FCA has proposed new rules around mortgages to make it easier to remortgage and save time and money.

🇬🇧 Wise's plans to relist in the US have faced pushback from the firms co-founder.

🌍 QuickBooks has added agentic AI to its enterprise suite.

🌍 Equifax and Mastercard are using open banking to increase access to credit in Australia.

Digital Assets ₿

🇬🇧 The UK government is mulling selling £5bn in bitcoin that it holds.

🇬🇧 The Bank of England is considering shelving its digital pound project over skepticism over the projects benefits.

🇬🇧 UK digital assets firm Archax is to acquire Deutsche Digital Assets as its expands into Europe.

🌍 Crypto custodian BitGo has filed for an IPO.

🌍 JP Morgan is planning on launching crypto-backed loans.

🌍 Coinbase has partnered with PNC Bank to offer its customers crypto trading services.

🌍 BNY is working with Goldman Sachs to utilise its blockchain platform to tokenise money market funds.

🌍 A trade group representing US banks is pushing back on crypto firm's pursuit of bank charters.

🌍 Tradfi giant Citadel Securities has warned the SEC against rushing tokenised securities.

🌍 Crypto exchange Binance has integrated Circle's USYC asset as collateral for derivatives.

Payments 💰

🇪🇺 Adyen signed SMB fintech Vivid as a customer for its payouts solution.

🇪🇺 PayPal is hiring 100 AI and data science jobs in Dublin.

🇬🇧Payment provider GoCardless signed Cashless as a customer for payouts.

🌍 PayPal has introduced scam alerts powered by AI for friends and family payments. It also announced global partnerships to connect many of the largest payment systems and digital wallets in a single platform, dubbed PayPal World.

🌍 Stripe has acquired payment orchestration provider Orum.

🌍 Workforce payment platform Branch has partnered with Lead Bank.

🌍 Block has agreed to pay $12.5m to settle a Cash App spam text violation in Washington state.

Longer reads/listens 📜

• In A World of 1000 Stablecoins? 4 Key Questions - Tom Noyes
• The Dollar’s Global Role and the Financing of the U.S. External Deficit - Brad Setser
• Stablecoin Winners and Losers - Tom Noyes
• Internet of Payments - EQT Ventures
• APIs – More Banks to Follow JPM – Pricing Implications - Tom Noyes
• The Wero Wallet: A Solution in Search of a Problem? - Tom Noyes
• The mechanics of a Tokenization Engine - Giorgio Giuliani

👍 👎 Have feedback for us? Let us know

See you next week!