Compliance Corner: Week 9 News Rundown

𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴

Fintech investment remains strong, with major funding rounds fueling growth in payments, lending, and financial management. Companies like Flowdesk, Lenkie, and Flex secured significant backing, while JPMorgan Chase and myTU made strategic moves to expand services and address industry challenges. But there’s more:

• Flowdesk 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟱𝟮𝗺, bringing its Series B to $102m, with backing from BlackRock and HV Capital.
• Lenkie 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 £𝟰𝟵𝗺 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 to address the UK’s £22bn SME funding gap.
• Flex 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟮𝟱𝗺 to build an all-in-one financial management platform for businesses.
• JPMorgan Chase invests in FairPlay’s $𝟭𝟬𝗺 𝗿𝗼𝘂𝗻𝗱 to reduce algorithmic bias in lending.
• Lithuanian banking platform myTU 𝗿𝗮𝗶𝘀𝗲𝘀 €𝟭𝟬𝗺 to expand services and pursue a full banking license.
• Cino 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 €𝟯.𝟱𝗺 to bring its bill-splitting app to the UK.
• Split payments fintech 𝗿𝗮𝗶𝘀𝗲𝘀 £𝟭𝗺 to enhance its payment solutions.

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𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀

The fintech and crypto sectors continue to see rapid expansion, with key acquisitions, licensing milestones, and product launches shaping the landscape. Here are some of the latest industry developments you should know about:

• Fiserv 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲𝘀 𝗶𝘁𝘀 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 Payfare, integrating the team into its operations.
• Ramp 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝗮 $𝟭𝟯𝗯𝗻 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 after investors buy $150m in secondary shares.
• Currenxie 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 𝗮𝗻 𝗘𝗠𝗜 𝗹𝗶𝗰𝗲𝗻𝘀𝗲 from the Central Bank of Ireland.
• BVNK 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗮𝗻 𝗲𝗺𝗯𝗲𝗱𝗱𝗲𝗱 𝘄𝗮𝗹𝗹𝗲𝘁 to unify fiat and stablecoin payments globally.
• Wirex 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺, Wirex Pay, to the U.S.
• Deus X Pay 𝘂𝗻𝘃𝗲𝗶𝗹𝘀 𝗡𝗲𝗫𝘂𝘀, a real-time, zero-cost stablecoin transfer network.
• Coinhako 𝗷𝗼𝗶𝗻𝘀 𝗨𝗞 𝗰𝗿𝘆𝗽𝘁𝗼 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲, Fusion Digital Assets (FCA registered)
• Ondo Finance 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝘀 𝘁𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗿𝗲𝗮𝗹-𝘄𝗼𝗿𝗹𝗱 𝗮𝘀𝘀𝗲𝘁𝘀 into Mastercard’s multi-token network.

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𝗢𝗽𝗲𝗻 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲

For compliance professionals looking for new opportunities, here are some great open roles at leading companies:

• OpenPayd - Head of AML Compliance & MLRO
• Aspire - Head of Compliance, Netherlands
• Admirals - Head of Compliance, Estonia
• Lidion Bank - Senior Legal and Compliance Officer
• Planet - Senior Compliance Officer
• Bybit - Market Abuse & Compliance Manager
• Yoursafe - Compliance Officer
• Pockit - Compliance Manager

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A lot is happening in the fintech and crypto world right now. From big funding rounds and major acquisitions to new product launches and exciting compliance opportunities, the industry is buzzing with activity. Follow us to stay tuned for more updates. See you soon!