The Weekly Wrap: all you need to know by Friday COB | March 10th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements. For Prime subscribers only.

The Big Story

The FinTech Investment Market size is estimated to be worth $49920 million in 2022 and is forecast to a readjusted size of $113670 million by 2030 with a CAGR of 14.7% during the forecast period. Financial technology is a new technology that aims to compete with traditional ways of doing business in the financial sector. FinTech is a new industry that improves financial events by using technology.

The P2P lending segment made up more than 56% of the market, and it is expected to keep being the leader in the market. P2P lending is one of the most popular ways for borrowers to get loans. It includes borrowers, P2P lending platforms, and investors in the market, so investors can see exactly how risky their investments are.

One of the main things that are helping the FinTech investment market grow is that banking services are becoming more and more independent. During the forecast period, it is expected that the top banks will come up with strategic ways to deal with competition from fintech platforms, such as developing payment technologies for smartphones. Searching for equity investments is now done online, where many venture capitalists are making investments in the market.

Deals of the week

• Vivriti Asset Management allocates INR 500m of debt to Zaggle
• Till Payments secures $70m in Series D funding
• African-focused digital escrow service Truzo launches in the UK
• PwC and FintechOS launch digital banking solution on Microsoft Cloud
• Sora Finance raises $3.9m to offer credit management as a service
• Nuvei launches in Australia as the next step in its global expansion plan
• Papaya Global launches embedded payments platform, Papaya Global Payroll Payments
• UK FinTech Tintra selects Temenos to power AI-led Inclusive Banking
• Budgeting app Buddy partners Klarna Kosma for transaction monitoring
• Pismo introduces digital lending functionality to its banking and cards platform
• PayPugs and Muniy team up to launch FinTech as a Service offering
• Budgeting app Buddy partners Klarna Kosma for transaction monitoring

Be on the lookout for

Informa PLC (Informa), a London-based events production, digital products, and academic research services agency will host FinovateEurope. A cutting-edge fintech conference catering to the digital future of financial institutions, the event will be held in person between March 14th and 15th, 2023, at the Intercontinental O2 Hotel in London, England.

Finovate events are world-class fintech happenings drawing attendees from across the globe. 1,000+ senior financial and fintech thought leaders are expected to be in attendance at FinovateEurope alongside 100+ globally renowned speakers. Each event is geared to help navigate the changing environment and discover new opportunities.

Invited speakers are sought-after analysts and innovators from the world of fintech, digital finance, and financial institutions who will outline their unique perspectives on emerging technologies, regulatory trends, and the evolving landscape via specially designed sessions that amplify knowledge sharing and encourage networking. The audience is highly intellectual and incredibly well-versed in the financial space, with C-suite leaders, senior executives, new-age financial innovators, and financial journalists in attendance.

Speakers will participate in numerous formats including keynotes, general sessions, special addresses, executive briefings, interactive workshops, fireside chats, panel discussions, and thematically focused streams.