App Downloads x Unicorn, Kakao Pay's Investor Revolt, JP Morgan $12b Tech Spend

Europe’s fintechs are hitting the $1bn mark with fewer downloads than ever, a new analysis shows.

A charter is a plus for the fintech, but the impact for traditional institutions may depend on the status of their digital transformation.

Kakao Pay Corp.’s three most senior executives resigned Thursday as an investor revolt rocked its parent, the once high-flying leader in South Korean social media and fintech.

In JPMorgan’s earnings call last week, the largest US bank reported record profits and a plan to build 400 new branches. But it also said it was increasing its yearly technology budget to $12 billion to keep up with fintech newcomers. That’s up from $9.5 billion in 2020.

M2P Fintech, a payments infrastructure startup that has established market dominance in India, has raised $56 million in a new financing round, less than three months after closing its previous funding, as it works to deepen its footprints in several international geographies. Insight Partners led the financing round.

Fintech startup Moss has just closed its Series B funding round of €75 million and has now hit a valuation of over €500 million.

Riyadh and London-based Lean Technologies launched its platform in 2019, enabling third-party financial services providers to access their customer’s bank data.

Coinbase customers will be able to use Mastercard credit and debit cards to make purchases the crypto company’s upcoming NFT marketplace.

In the first annual 11:FS Pulse report, they review the best user experiences of 2021, showing opinions about the trends set to shape FS in 2022 from experts at leading fintechs like Plaid, Starling and Crowdcube.

Google is shuffling the proverbial deck on the payments front, tapping a former PayPal executive to lead that division and, as Bloomberg reports it, “set a new course.”

Crypto.com CEO Kris Marszalek has confirmed that the crypto exchange did suffer a security breach, as reported this week.

Beauhurst ranked the UK’s top 50 fintech companies by total amount of equity investment received to date, including through rounds that remain unannounced to the public.