The Weekly Wrap: all you need to know by Friday COB | Sept 9th

By Gaia Lamperti

September 09, 2022

The Weekly Wrap

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

Queen Elizabeth II, the UK’s longest-serving monarch, died on Thursday afternoon at Balmoral. She has died peacefully, aged 96, after reigning for 70 years in which she witnessed enormous social change.

Most recently, in May 2022, the late Queen announced new legislation affecting financial services and the FinTech industry at the State Opening of Parliament with the traditional Queen’s Speech. Among these, the Financial Services and Markets Bill and the Online Safety Bill, both of which focus on APP fraud and the Data Reform Bill, which will work to reform GDPR and reduce the burden on businesses.

We are saddened by the news and our deepest condolences go to the British royal family as we remember Her Majesty The Queen’s commitment to service.

Deals of the week

Wayflyer secures $253 million debt financing from Credit Suisse
Clip secures a $50 million credit facility to strengthen Mexico’s economy
SteelEye raises $21 million to meet the demand for holistic compliance solutions
Chargezoom raises $10 million Series A led by Panoramic Ventures
FinAGG raises $3 million in Pre Series A led by BLinC Invest
Inswitch and Binance Pay partner to boost crypto payment adoption in LatAm
Axis Bank announces partnership with PayNearby

Be on the lookout for

A new challenger bank in the UK! Cardiff-based StreamBank has a specialist focus on the property market and intends to provide savings and financing solutions, such as bridging and development finance, to property professionals. The bank was founded by Alex Pusco, who is also the founder of ActivTrades, a UK-based brokerage firm that provides an electronic trading platform to trade FX, contracts for difference, and spread betting.

Events & Appointments

IBS Intelligence is a proud Research Partner at FinovateFall – with the theme Tech Meets Finance in the World’s Financial Capital from 12th to 14th September at The Marriott Marquis Times Square, New York. This is your chance to reconnect face-to-face with the FinTech community and plot a course for the future.
The 11th NextGen Payments & RegTech Forum will take place in Athens, Greece, from 21st to 22nd September. Grab the opportunity to meet the key decision-makers that excel in this rapidly changing payments world.