EPISODE · Sep 23, 2022 · 5 MIN
Kavak raised $810 million in financing; & more!
from Connecting the dots in FinTech... by Marcel van Oost · host Marcel van Oost
Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by Burgopak. Burgopak delivers award-winning innovative packaging solutions for some of the world's leading companies in Fintech. Discover how tangible physical touchpoints are crucial in digital banking with the Burgopak 'Welcome to the club' book; Request your free copy, contact [email protected] Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Kavak raised $810 million in financing. Kavak signed structured financing agreements worth USD $810M with HSBC, Goldman Sachs, and Banco Santander. Kavak operates as a buying and selling platform for used cars. The startup also reconditions the vehicles for sale in its own centers. Link here. FINTECH NEWS #BreakingNews Klarna to make the second round of job cuts. The Swedish BNPL firm confirmed the new round of job cuts to Sifted and said fewer than 100 employees would be affected globally. Link here Shares of Robinhood were little changed giving up early gains, after a report that U.S. regulators would not ban payment for order flow, a key part of the company's business model. Link here #FinTechIndustry M&A activity accelerates in DACH. Over the last ten and a half years, DACH’s fintech industry has seen US$23.1 billion worth of transactions taking place. Link here Lidio joins FinTech industry. The new Turkish player seeks to provide a multi-channel and independent payment experience to millions of consumers. Link here
What this episode covers
Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by Burgopak. Burgopak delivers award-winning innovative packaging solutions for some of the world's leading companies in Fintech. Discover how tangible physical touchpoints are crucial in digital banking with the Burgopak 'Welcome to the club' book; Request your free copy, contact [email protected] Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Kavak raised $810 million in financing. Kavak signed structured financing agreements worth USD $810M with HSBC, Goldman Sachs, and Banco Santander. Kavak operates as a buying and selling platform for used cars. The startup also reconditions the vehicles for sale in its own centers. Link here. FINTECH NEWS #BreakingNews Klarna to make the second round of job cuts. The Swedish BNPL firm confirmed the new round of job cuts to Sifted and said fewer than 100 employees would be affected globally. Link here Shares of Robinhood were little changed giving up early gains, after a report that U.S. regulators would not ban payment for order flow, a key part of the company's business model. Link here #FinTechIndustry M&A activity accelerates in DACH. Over the last ten and a half years, DACH’s fintech industry has seen US$23.1 billion worth of transactions taking place. Link here Lidio joins FinTech industry. The new Turkish player seeks to provide a multi-channel and independent payment experience to millions of consumers. Link here
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Kavak raised $810 million in financing; & more!
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