Compliance Corner: Week 15 News Rundown

𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴

Investor interest is surging across fintech and crypto, with a wave of funding pouring into the crypto infrastructure and payments space - driving innovation and expansion across the board.

• UK-based insurtech Marshmallow 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟵𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in a mix of debt and equity at a $2 billion valuation to scale its insurance offerings.
• Luma Financial Technologies 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 $𝟲𝟯 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗖 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 with backing from major banks to expand its structured products and annuities platform.
• South African payments startup Stitch 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟱𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 led by QED Investors to scale its API-first payment infrastructure.
• London-based e-trading platform TransFICC 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟮𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 to grow its fixed income and derivatives market solutions.
• BaaS provider BKN301 𝗿𝗮𝗶𝘀𝗲𝘀 €𝟮𝟭.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 to accelerate its embedded finance expansion across emerging markets.
• Mexico-based Belvo 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟭𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to strengthen its position as a leading open finance platform in Latin America.
• UK’s Plum 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 £𝟭𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘃𝗲𝗻𝘁𝘂𝗿𝗲 𝗱𝗲𝗯𝘁 𝗳𝗿𝗼𝗺 𝗕𝗕𝗩𝗔 after a high-growth year for its smart money management app.
• SSV SmartPay 𝗿𝗮𝗶𝘀𝗲𝘀 £𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻, valuing the open banking payments startup at over £30 million to fuel its next stage of growth.
• London’s Damisa 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 £𝟮.𝟮𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗽𝗿𝗲-𝘀𝗲𝗲𝗱 to build out its cross-border stablecoin payments infrastructure.

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𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀

The fintech space continues to move fast, with major players announcing new acquisitions, strategic partnerships, and market expansions. Here’s a quick look at some of the latest developments shaping the industry:

• Global Payments Inc. 𝗮𝗴𝗿𝗲𝗲𝘀 𝘁𝗼 𝗮𝗰𝗾𝘂𝗶𝗿𝗲 Worldpay 𝗳𝗼𝗿 $𝟮𝟮.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 while selling its Issuer Solutions unit to FIS in a reshaping of the payments landscape.
• Banked : 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝘀 VibePay to fast-track consumer and merchant adoption of Pay by Bank with a unified value proposition.
• Corpay 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝘃𝗶𝗿𝘁𝘂𝗮𝗹 𝗰𝗮𝗿𝗱𝘀 𝗳𝗼𝗿 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗽𝗮𝘆𝗮𝗯𝗹𝗲, enhancing its unified payment platform with modern virtual capabilities.
• Dutch neobank bunq 𝗳𝗶𝗹𝗲𝘀 𝗳𝗼𝗿 𝗮 𝗯𝗿𝗼𝗸𝗲𝗿-𝗱𝗲𝗮𝗹𝗲𝗿 𝗹𝗶𝗰𝗲𝗻𝗰𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗦, aiming to expand stateside following strong profit growth.
• Bleap 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 Mastercard to launch a stablecoin-linked debit card, bridging crypto and traditional payment systems.
• Nilos 𝘁𝗲𝗮𝗺𝘀 𝘂𝗽 𝘄𝗶𝘁𝗵 Circle to power the Circle Payments Network, improving liquidity access in emerging markets.

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𝗢𝗽𝗲𝗻 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲

If you're exploring new opportunities in compliance, here are some of the latest roles open at top fintech and crypto companies:

• Belmoney - Chief Compliance Officer – Belgium
• KuCoin EU - Head of Compliance
• Swan - Compliance Manager - Southern Europe
• Nexpay - Senior AML Officer in Transaction Monitoring
• Assetera - AML / Compliance Officer
• DaoPay - Compliance / AML Officer
• FundBank - KYC/AML Officer
• Funanga AG - Compliance Officer
• Liberis - Compliance Officer

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A lot is happening in the fintech and crypto world right now. From big funding rounds and major acquisitions and partnerships and fantastic compliance opportunities, the industry is buzzing with activity. Follow us for more updates and insights. See you soon!

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