5 big FinTech acquisitions announced in Europe in August 2023

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1. 5 big FinTech acquisitions announced in Europe in August 2023

Here are 5 big FinTech acquisitions announced in Europe in August 2023:

• Param acquires Twisto, a CEE BNPL provider

• Deutsche Börse acquires FundsDLT, a digitised fund distribution platform

• Basware acquires Glantus Holdings, an Irish FinTech

• Alpha Bank Romania acquires Orange Money Romania

• Allfunds acquires Iccrea Banca's local paying agent business
  Link to read more

2. 7 industries with the most fintech financing so far this year

Here are the 7 industries with the most fintech financings so far in 2023:

• Payments: $19.8 billion in financings

• Banking and lending tech: $13.8 billion

• Insurtech: $11.4 billion

• Crypto and blockchain: $9.1 billion

• Healthcare fintech: $7.7 billion

• Wealthtech: $6.1 billion

• Regtech: $4.7 billion
  Link to read more

3. SEC charges fintech investment adviser with violating marketing rule

The SEC has charged a fintech investment adviser with misleading investors with advertisements about performance metrics. The adviser, Titan Global Capital Management USA, made misleading statements on its website regarding hypothetical performance, including by advertising “annualised” performance results as high as 2,700% for its crypto strategy.
Link to read more

4. Robinhood Reveals $3 Billion in Bitcoin, Crowned Third-Largest Holder

Robinhood, the popular trading app, has emerged as the third-largest Bitcoin holder with over 118,000 BTC worth $3 billion.
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5. The fintechs in YC's summer 2023 cohort

The fintechs in the group include Capi Money, a London-based payments processor for African companies, and Fragment, a French startup helping fintechs automate their compliance operations.
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