Daily Fintech Podcast 2022.2.4

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💫 News Highlight: PayPal CFO John Rainey disclosed that 4.5 million accounts had been shut down after “bad actors” took advantage of incentives and rewards programs, resulting in shares falling by 25%.

⚡ Just in Sokin is the latest UK fintech to embark on a mission to corner the US market.

⭐ Also, Masthaven Bank is withdrawing from the UK banking market.

👉🏻 Furthermore, Americans can now download the Monzo app and set up an account within 10 minutes, getting access to money management features and a contactless debit card.

🪙 Crypto - Bahrain-headquartered CoinMENAobtained a second cryptocurrency license from the European Union

🤝 M&As: Walmart has upped the ante on its SuperApp ambitions, with the recent acquisitions of two FinTechs –Ever Responsible Finance and One Finance

🚢 Partnerships -

• dLocal announced its expanded partnership with Rappi, a Colombian multi-vertical company headquartered in Bogotá, and with main offices in São Paulo and Mexico City.


• SumUp and PrestaShop announced a partnership that will give hundreds of thousands of merchants on the PrestaShop platform access to SumUp’s extensive product suite of tailor-made business tools.


• Rewire has partnered with Qover – a leading InsurTech in seamless embedded insurance solutions.

💰 Funding rounds & investments:

• Last week, €344m was raised across 17 FinTech deals. Geography-wise, a lot of ground was covered, however, most of the deals came from France.


• Seven Seven Six announced that it has closed on $500 million across two vehicles for its second fund.

🪂 New Launches & Features:

• Qatar Islamic Bank has launched a limited-edition FIFA World Cup Qatar 2022 Visa Signature credit card, Visa debit card, and Visa prepaid card.


• RiverBank launched a fully digital loan application for advisors and intermediaries in the professional real estate sector.

😎 Movers & Shakers: Kueski announced the appointment of Krishna Venkatraman as the company's chief data officer.

💼 Opportunities: Monzo Bank will allow its employees to take three months’ paid leave as it joins a growing number of businesses that are overhauling their working practices to become more flexible after the Covid-19 crisis.