Compliance Corner: Week 6 News Rundown

Fundraising

The fintech and crypto sectors continue to attract significant investor interest, with several companies securing substantial funding to fuel their growth and innovation:

• Klarna, the Swedish buy-now-pay-later fintech, is reportedly 𝗽𝗿𝗲𝗽𝗮𝗿𝗶𝗻𝗴 𝗳𝗼𝗿 𝗮𝗻 𝗜𝗣𝗢 𝗶𝗻 𝗔𝗽𝗿𝗶𝗹.
• Rapyd, a Payments-as-a-Service platform, is 𝗶𝗻 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻𝘀 𝘁𝗼 𝗿𝗮𝗶𝘀𝗲 $𝟯𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 at a $3.5 billion valuation
• Tabby, a MENA-based financial services and shopping app, 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟭𝟲𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗮 𝗦𝗲𝗿𝗶𝗲𝘀 𝗘 𝗿𝗼𝘂𝗻𝗱, reaching a valuation of $3.3 billion.
• Zeta, a global next-gen banking tech provider, 𝘀𝗲𝗰𝘂𝗿𝗲𝗱 𝗮 $𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗿𝗼𝘂𝗻𝗱, bringing its valuation to $2 billion.
• Finmo, a treasury operating system, 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟭𝟴.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in a round supported by Citi and PayPal's venture arms.
• Nigerian fintech Raenest 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟭𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 𝗳𝘂𝗻𝗱𝗶𝗻𝗴, while Ghana’s Affinity secured $8 million.
• Berlin-based Integral 𝗿𝗮𝗶𝘀𝗲𝗱 €𝟲.𝟯 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗽𝗿𝗲-𝘀𝗲𝗲𝗱 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 to simplify accounting, payroll, and taxation for SMEs.
• London-based Rho Labs 𝘀𝗲𝗰𝘂𝗿𝗲𝗱 €𝟯.𝟴 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘀𝗲𝗲𝗱 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 to enhance its crypto derivatives market.

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Industry News

Key developments in fintech, crypto, and financial services are shaping the industry's landscape. Acquisitions, partnerships, expansions, and more. Here are some of the most noteworthy updates:

• Bitpanda 𝗿𝗲𝗰𝗲𝗶𝘃𝗲𝗱 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗙𝗖𝗔 to expand its operations in the UK.
• Bitget 𝘀𝗲𝗰𝘂𝗿𝗲𝗱 𝗮 𝗩𝗔𝗦𝗣 𝗹𝗶𝗰𝗲𝗻𝘀𝗲 𝗶𝗻 𝗕𝘂𝗹𝗴𝗮𝗿𝗶𝗮 to strengthen its crypto services.
• Gemini is in discussions with advisors 𝘁𝗼 𝗽𝘂𝗿𝘀𝘂𝗲 𝗮𝗻 𝗜𝗣𝗢.
• Froda and Lunar have 𝗲𝘅𝗽𝗮𝗻𝗱𝗲𝗱 𝘁𝗵𝗲𝗶𝗿 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 into Sweden, offering embedded SME lending solutions to Lunar's Swedish customers.
• Paysafe has entered into a definitive agreement 𝘁𝗼 𝘀𝗲𝗹𝗹 𝗶𝘁𝘀 𝗱𝗶𝗿𝗲𝗰𝘁 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀.

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Open Positions in Compliance

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

• Uber Payments BV - Head of Compliance
• CoinsPaid - Head of Compliance Department
• Ria Money Transfer - Deputy Compliance Officer Belgium
• Planet - Senior Compliance Officer
• Fintopia - Senior Compliance Officer
• IMC Trading - Compliance Officer
• Ratepay - Compliance Manager
• Floryn - Compliance Officer
• CoinMart - Compliance Officer
• Wamo - AML and Onboarding Specialist
• Mamo - Risk Operations Associate
• Uncapped - Junior KYC Analyst

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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!