Daily Fintech Podcast 2022.2.4

Check out my latest podcast episode: 💫 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.