Kavak raised $810 million in financing; & more!
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Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by Burgopak. Burgopak delivers award-winning innovative packaging solutions for some of the world's leading companies in Fintech. Discover how tangible physical touchpoints are crucial in digital banking with the Burgopak 'Welcome to the club' book; Request your free copy, contact [email protected] Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Kavak raised $810 million in financing. Kavak signed structured financing agreements worth USD $810M with HSBC, Goldman Sachs, and Banco Santander. Kavak operates as a buying and selling platform for used cars. The startup also reconditions the vehicles for sale in its own centers. Link here. FINTECH NEWS #BreakingNews Klarna to make the second round of job cuts. The Swedish BNPL firm confirmed the new round of job cuts to Sifted and said fewer than 100 employees would be affected globally. Link here Shares of Robinhood were little changed giving up early gains, after a report that U.S. regulators would not ban payment for order flow, a key part of the company's business model. Link here #FinTechIndustry M&A activity accelerates in DACH. Over the last ten and a half years, DACH’s fintech industry has seen US$23.1 billion worth of transactions taking place. Link here Lidio joins FinTech industry. The new Turkish player seeks to provide a multi-channel and independent payment experience to millions of consumers. Link here
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Published 11/29/22
Today’s episode is sponsored by Klarna Kosma. Klarna Kosma is giving you essential open banking connectivity, not to 1 or 2, but 15.000 banks across 27 countries. Providing the base for you to build new payment services and better user experiences your customers will love. Visit kosma.com today,...
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