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FinTech News Summary

Thunes Nets $60M

Cross-border payment network Thunes has raised $60 million in a Series B funding round led by Africa-focused Helios Investment Partners.

Since Helios failed to settle his own blockchain project successfully and raised during the ICO hype in 2017 a lot of money it was a little bit quiet about the company. This announcement is another trial to gain capital stocks on the Africa market. But more as a short pump we do not expect. Crypto and DLT are going to outplace Thunes.

Klarna is about to raise another $500M Fresh Fundraise and claims $10B Valuation.

This would put Klarna as one of the most valuable FinTechs in the world, being behind only Stripe ($36B), Paytm ($16B) and Robinhood ($11.2B).

Klarna is a regulated service accepting bank wire transfers and delaying payment process. It is more like a shortage lender and financial broker with an end customer product for merchants secure their financial services to their own customers.

Mollie Raises €90M

Dutch payments services provider Mollie has raised €90M in growth financing in a Series B round led by venture capitalist TCV.

Adriaan Mol, founder of Mollie, said:
Other PSPs are purely focused on price and volume. But medium sized merchants are finding they need their relationship with their PSP to be more than transactional. They need a partner to help them grow.

With more than 100,000 merchants across Europe Mollie is one of the biggest PSP providers and is still acting to expand. As they claimed is not a money only focussed business rather more a network supporting the business models of the merchants to keep them growing. The Dutch company has a lot of experience but still will lose sooner or later strategic partnership to DLT systems.

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DeFi is near end ?

Cred Files for Bankruptcy Following Fraud Incident The suspended deposits and withdrawals were related to the company’s popular service called CredEarn, which allows crypto holders to deposit their cr


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