Compliance Corner: Week 7 News Rundown Compliance Corner: Week 7 News Rundown

Compliance Corner: Week 7 News Rundown

Staying up-to-date with the latest in fintech and crypto doesnโ€™t have to be overwhelming. In this roundup, we cover key developments across fundraising, industry trends, and compliance opportunities to keep you informed. Letโ€™s get started.

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๐—™๐˜‚๐—ป๐—ฑ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ถ๐—ป๐—ด

Investor enthusiasm remains strong in the fintech and crypto space, fueled by IPO speculations from a major fintech player and significant investments driving growth and innovation across the sector:

  • Klarna, the Swedish buy-now-pay-later fintech, is reportedly ๐—ฝ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ถ๐—ป๐—ด ๐—ณ๐—ผ๐—ฟ ๐—ฎ๐—ป ๐—œ๐—ฃ๐—ข ๐—ถ๐—ป ๐—”๐—ฝ๐—ฟ๐—ถ๐—น.
  • Rapyd, a Payments-as-a-Service platform, is ๐—ถ๐—ป ๐—ฑ๐—ถ๐˜€๐—ฐ๐˜‚๐˜€๐˜€๐—ถ๐—ผ๐—ป๐˜€ ๐˜๐—ผ ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ $๐Ÿฏ๐Ÿฌ๐Ÿฌ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป at a $3.5 billion valuation
  • Tabby, a MENA-based financial services and shopping app, ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐—ฑ $๐Ÿญ๐Ÿฒ๐Ÿฌ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฎ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€ ๐—˜ ๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ, reaching a valuation of $3.3 billion.
  • Zeta, a global next-gen banking tech provider, ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐—ฑ ๐—ฎ $๐Ÿฑ๐Ÿฌ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ, bringing its valuation to $2 billion.
  • Finmo, a treasury operating system, ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐—ฑ $๐Ÿญ๐Ÿด.๐Ÿฑ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป in a round supported by Citi and PayPal's venture arms.
  • Nigerian fintech Raenest ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐—ฑ $๐Ÿญ๐Ÿญ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€ ๐—” ๐—ณ๐˜‚๐—ป๐—ฑ๐—ถ๐—ป๐—ด, while Ghanaโ€™s Affinity secured $8 million.
  • Berlin-based Integral ๐—ฟ๐—ฎ๐—ถ๐˜€๐—ฒ๐—ฑ โ‚ฌ๐Ÿฒ.๐Ÿฏ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ฝ๐—ฟ๐—ฒ-๐˜€๐—ฒ๐—ฒ๐—ฑ ๐—ณ๐˜‚๐—ป๐—ฑ๐—ถ๐—ป๐—ด to simplify accounting, payroll, and taxation for SMEs.
  • London-based Rho Labs ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐—ฑ โ‚ฌ๐Ÿฏ.๐Ÿด ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐˜€๐—ฒ๐—ฒ๐—ฑ ๐—ณ๐˜‚๐—ป๐—ฑ๐—ถ๐—ป๐—ด to enhance its crypto derivatives market.

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๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ก๐—ฒ๐˜„๐˜€

The fintech and crypto landscape is evolving rapidly, with major players making strategic moves to expand their market presence and enhance services. Here are some of the latest industry developments you should know about:

  • Bitpanda ๐—ฟ๐—ฒ๐—ฐ๐—ฒ๐—ถ๐˜ƒ๐—ฒ๐—ฑ ๐—ฎ๐—ฝ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฎ๐—น ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜๐—ต๐—ฒ ๐—™๐—–๐—” to expand its operations in the UK.
  • Bitget ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐—ฑ ๐—ฎ ๐—ฉ๐—”๐—ฆ๐—ฃ ๐—น๐—ถ๐—ฐ๐—ฒ๐—ป๐˜€๐—ฒ ๐—ถ๐—ป ๐—•๐˜‚๐—น๐—ด๐—ฎ๐—ฟ๐—ถ๐—ฎ to strengthen its crypto services.
  • Gemini is in discussions with advisors ๐˜๐—ผ ๐—ฝ๐˜‚๐—ฟ๐˜€๐˜‚๐—ฒ ๐—ฎ๐—ป ๐—œ๐—ฃ๐—ข.
  • Froda and Lunar have ๐—ฒ๐˜…๐—ฝ๐—ฎ๐—ป๐—ฑ๐—ฒ๐—ฑ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ into Sweden, offering embedded SME lending solutions to Lunar's Swedish customers.
  • Paysafe has entered into a definitive agreement ๐˜๐—ผ ๐˜€๐—ฒ๐—น๐—น ๐—ถ๐˜๐˜€ ๐—ฑ๐—ถ๐—ฟ๐—ฒ๐—ฐ๐˜ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜๐—ถ๐—ป๐—ด ๐—ฝ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜ ๐—ฝ๐—ฟ๐—ผ๐—ฐ๐—ฒ๐˜€๐˜€๐—ถ๐—ป๐—ด ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€.

โ€

๐—ข๐—ฝ๐—ฒ๐—ป ๐—ฃ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ถ๐—ป ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒ

For those of you seeking opportunities in compliance, here are some of the latest open roles at leading companies:

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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 regulations and exciting compliance opportunities, the industry is buzzing with activity. Follow us for more updates and insights. See you soon!

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