Success Stories: Fintech – 05 May 2021

We’re passionate about Fintech and Paytech. In Success Stories, we profile some of the clearest ‘wins’ in Fintech and payments, focusing on organisations and individuals who’ve demonstrated growth, resilience and innovation.

Included in this edition: a Fintech topping the FT’s fast-growth list; an innovative environmental tool from Klarna; and the UK / US government’s successful fintech partnership.

Fintech lender Upgrade tops FT ranking of fast-growth companies

“The online lender, founded by former Lending Club chief Renaud Laplanche, doubled revenues last year.” Read via FT

Venture investments returning multi-billion-dollar profits

“For years, the venture sector was a place where huge rewards on tech investments were often overshadowed by substantially more unsuccessful bids. But as The Wall Street Journal reported on Wednesday (April 28), the past few months have seen “an unusually large” number of venture investments reaping multi-billion-dollar profits, “setting many firms up for their greatest returns since the dot-com boom of the late 1990s.” Read via PYMNTS

Fintech for all launches tech solution to monitor harassment

“The FinTech For All initiative has rolled out technology to monitor and gather feedback on harassment and diversity issues within the sector.” Read via P2P Finance News

Plans for digital euro start to take shape post ECB public consultation

“Plans for the much vaunted digital euro have started to take shape this week after the findings from the ECB’s public consultation and signals from Frankfurt that offer some relief to paranoid commercial banks worried about being sidelined by the latest disruptive technology.” Read via Payments Cards & Mobile

Klarna launches carbon footprint insights for 90 million consumers

“Buy now, pay later giant Klarna is to provide shoppers with carbon footprint calculation tools from Mastercard-backed Doconomy to measure the emissions generated by their purchases.” Read via Finextra

Landing a successful bank-fintech partnership in the US

“In 2019, representatives from the US Department of the Treasury and the UK’s HM Treasury formed the FIP to identify potential regulatory synergies, share lessons, and develop closer working relationships. Both countries will build on existing regulatory cooperation by discussing regulatory developments and sharing experiences on technical issues related to financial services innovation.” Read via UK Gov Department For International Trade

---

To learn more about The Conexus Group's suite of services for fintech and payments businesses, visit theconexusgroup.com/industries/fintech