FINTECH FRIDAYS With Gadgette
Welcome to FinTech Fridays with Gadgette. For most of us that are on-the-go Monday through to Friday; being busy with our careers, families are other commitments, FinTech Fridays is your dedicated weekly one-stop-shop for all the latest news within the world of Financial Technology and tips on Digital Banking which you may have missed out on.
The U.K.-based financial education app and prepaid debit card provider for kids, has expanded into Europe for the first time with the acquisition of French startup Pixpay. Terms of the deal were not disclosed. Pixpay was founded out of Paris less than three years ago, and is a similar proposition to GoHenry but with more of a focus on slightly older children, starting from 10 years of age.
This week, Klarna announced the closing of a new $800m financing at a $6.7bn post valuation. The financing attracted strong support from both existing and new investors and will primarily be used to expand Klarna's leading market position in the United States.
The London Stock Exchange Group (LSEG)
LSEG has thrown its weight behind a new review of the fintech funding landscape this week, as venture cash dries up and valuations plunge in the face of a looming recession. The new review will look to bring together regulators, investors, and finance firms to address the rapid deterioration of the venture capital landscape for fintech.
The founder and former CEO of Lanistar, an aspiring banking challenger that found itself in hot water with the UK regulator in 2020, has launched a new business providing crypto and fintech companies’ content to media brands.
Revolut is taking another step forward toward its mission of bringing customers the best financial products and services to manage their money. Revolut’s new ‘Learn & Earn’ courses have been created to help customers improve their knowledge of cryptocurrencies and related topics, including blockchains, and the most popular tokens and protocols.
Till Payments has announced its partnership with Alipay+ to provide a payment solution for Australia’s higher education sector, Till Education, which will enable international students to use their Alipay+ wallet.
Goldman Sachs Group Inc. (GS) has agreed to loan $233 million to Latin American ecommerce giant Mercado Libre Inc.’s (MELI) fintech arm as the firm plans on expanding its credit offering in two key markets.
Apple X Ayden
The global financial technology platform of choice for leading businesses, has officially launched Tap to Pay on iPhone, which allows businesses to use iPhones to accept contactless payments without the need to purchase or manage additional hardware.
Spain’s largest bank, Santander held an awards ceremony in the Decentraland metaverse this week for its Santander X Global Challenge | Blockchain.’
This ends Your Gadgette FinTech Friday Digest.
Until the next!
Elon Musk, the richest man in the world, has lost his request for a postponement after a US court ruled that Twitter's case against him go to trial in October.
A resentful party has been keeping quiet until recently, but there were some worries when Facebook changed its name to Meta in October that the firm was trying to rule the developing metaverse.