The Weekly Wrap: all you need to know by Friday COB | November 29th

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

Financial service provider Mollie has partnered with PayPal to deliver secure and easy payment solutions for marketplace platforms across Europe.

Mollie will be able to offer PayPal to marketplaces in the European Union and the UK. Thanks to PayPal, Mollie’s full payment solution offering will further enhance, providing a wide range of payment options, including credit/debit cards, digital wallets, bank transfers, and local payment methods.

Additionally, Mollie supports Buy Now Pay Later (BNPL) options and is the only provider to accept gift cards at multi-seller checkout. This enables the monetisation of gift cards in a marketplace setup.

With Mollie Connect, marketplaces can help drive revenue growth and reduce operational costs simultaneously. Mollie’s managed support and onboarding streamline operations and reduce overhead, allowing platforms to focus on growth without the operational costs or technical burden.

Paul van der Boor, Group Product Manager for Partnerships at Mollie, said, “By collaborating with PayPal, we are advancing our mission to simplify payments for platforms. Marketplaces can now offer PayPal to their customers without requiring a separate integration and re-onboarding of all of their sellers. Instead, they can outsource all technical complexity and operational workload to Mollie. This allows the marketplace to focus on its core strengths while Mollie handles all payment-related tasks, empowering marketplaces and SaaS platforms with seamless payment integration and monetisation.”

Deals of the week

• WadzPay secures $37.3m investment commitment from GEM
• AI WealthTech Range raises $28m in Series B led by Cathay Innovation
• Partior raises $80m in Series B with Deutsche Bank as Strategic Investor
• FinBox launches Account Aggregation based data platform
• Habitto bags $11.7m in Series A round from QED Investors & DG Daiwa Ventures
• Pi-xcels raises $2.7m to offer One-Tap NFC digital receipts
• dLocal secures PISP certification for Pix to streamline payments in Brazil
• Mashreq and British International Investment partner to boost cross-border trade

Be on the lookout for

FinTech Happy Hour is coming to Mumbai with its 6^th Edition! 🍸 ✨

Our past Happy Hours brought together over 250+ industry leaders, including FinTech & BankTech Founders, Investors, CXO Executives from BFSI, and Cedar-IBSi FinTech Lab Members. These gatherings buzzed with innovation and entrepreneurial spirit, resulting in new FinTech collaborations.

If you are keen on joining in, please register here.

Join us to:

​🤝Connect with Cedar-IBSi Capital’s VC team for fundraising insights

​🧠 Learn about our 7-year-old BankTech Lab and strategies to enhance your GTM strategy.

​🔗 Connect with Financial Services technology buyers and collaborators

​🌐 Explore partnership opportunities with other BankTech and FinTech companies

Please note this is an exclusive invite-only networking event:

🗓️ Tuesday, Dec 17, 2024

🕕 6 PM onwards

📍 Mumbai