Weavr Partners with Visa for Embedded Card Solutions; How Ireland is Shaping the Circular Future of European Fintech

Digital Finance

How Ireland is shaping the circular future of European fintech

As Europe’s digital finance ecosystem matures, innovation alone is not enough to ensure scalability, future growth and longevity. Regulation, customer expectations, user experience (UX), and social responsibility are raising the bar for all companies, including in financial services and amongst fintech firms.

Firms capable of balancing growth with inclusion, speed with oversight, and innovation with integrity are the ones most likely to thrive going forward.

Berlin fintech re:cap expands to UK with $170m credit facility

The company aims to streamline capital management, planning, and execution into a single system with its UK expansion and new funding structure.

Innovation

Dutch fintech unicorn Mollie sees 28% revenue jump, gross profit up 30% in 2024

Amsterdam-based Mollie, a financial services provider, announced its financial results for 2024.

The Dutch fintech unicorn achieved strong financial performance. According to the report, Mollie’s gross profit rose by 30 per cent to €115M, and revenue saw a significant increase of 28 per cent, totaling €214M.

Global Fintech Platform ICapital Forms Alliance With BNY

Building on the alternative investment experience “for BNY Pershing clients who access iCapital through Wove, this alliance will create streamlined access to investment products and further support growth across alternative asset managers and the wealth channel.”

Bitchat: Jack Dorsey’s offline payments app tests the boundaries of fintech innovation

Block CEO Jack Dorsey’s weekend project, Bitchat, enables offline Bitcoin payments via a Bluetooth mesh network, presenting a potent new paradigm for financial resilience while introducing complex questions for cybersecurity and regulatory compliance in fintech.

AI

Clarity AI Acquires Sustainability Fintech ecolytiq

German Sustainability-as-a-Service innovator ecolytiq has agreed to be acquired by Clarity AI. The company helps financial institutions, public organizations, and individuals boost sustainability by calculating the environmental impacts of payment transactions.

Terms of the acquisition were not immediately available. As part of the acquisition, Visa—which has had a longstanding strategic partnership with ecolytiq—has become an investor and strategic partner of Clarity AI.

Payments

Weavr Partners with Visa for Embedded Card Solutions

The partnership allows HR technology platforms to integrate Visa card issuance capabilities directly into their existing systems. This enables employers to provide staff with prepaid cards for discretionary benefits spending, replacing traditional reimbursement processes.

Venture Capital

Amsterdam’s AI fintech scale-up Conpend secures funding

Amsterdam-based Conpend, an AI fintech scale-up, has secured a majority investment from Cape Investment Partners (CIP), an investment firm headquartered in the same city. The financial details of the deal, however, were not disclosed.

The funds will support Conpend’s expansion across global markets, strengthen its product development efforts, and increase its reach among banks and financial institutions.

Amsterdam’s fintech Figo Mobility secures backing from ex-Adyen payments head Edgar Verschuur

Amsterdam-based Figo Mobility, a fintech that simplifies mobility management and travel expenses for employers, secures an investment from Edgar Verschuur, former Global Head of Payments at Adyen.

Verschuur joins the Figo team as an investor and will support the company’s next phase of growth as a strategic advisor.

Ninety One backs Avista with $10m for inclusive lending

The company has raised $10m through an international private securitisation, with the funding provided by global investment manager Ninety One via its Emerging Market Private Credit Platform.

Utrecht-based fintech startup SurePay secures growth investment

Utrecht-based SurePay, a payment verification software company, has secured a new strategic growth investment from Carlyle Europe Technology Partners (CETP), in partnership with Rabo Investments.

Carlyle is investing through its CETP V fund, a €3.2B vehicle focused on growth-stage technology businesses in Europe.

Fintech firm iCapital secures $820m in funding

Fintech firm iCapital has raised more than $820m in a financing round co-led by T. Rowe Price Associates, T. Rowe Price Investment Management, and SurgoCap Partners, boosting its valuation to over $7.5bn.

Fixed income fintech Moment raises $36m Series B

The New York-based start-up plans to use the funding to expand its team and secure additional industry partnerships.

Data

JPMorgan tells fintech firms to start paying for customer data

The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.

Research

Here’s how fintech is reshaping finance

In recent years, fintechs have become integral to the financial system and today the industry is transitioning into a phase of sustainable growth, new data shows.

Open Banking

Bringing consumer trust to open banking is key to unlocking growth

Open banking must go mainstream to unlock economic growth and as Nicole Green explains, urgent reforms would make it more useful and trustworthy for consumers and merchants and unlock a new era of fintech innovation