Still waiting for "September" to resume deals?
local news 📰
🇬🇧 New PM - who dis? Sunak is the hot favourite to make it onto the shortlist of two contenders, but the other contenders are battling for the second spot.
Sunak, a former hedge fund manager, has approved billions of dollars in public investment in start-ups and cutting-edge tech companies. Some of Sunak's biggest supporters are in the tech industry, and he has been praised for his efforts to make the UK a more attractive place for tech companies to do business.
However, let's not ignore the other side of the coin. Critics say that Sunak's policies are too friendly to the wealthy and that he is not doing enough to help the poor and middle class.
Embedded finance and BaaS have attracted billions of dollars in funding and grew 3x last year. Embedded finance is a new model of financial services that are becoming increasingly popular. This model involves embedding financial services into third-party apps and platforms so that users can access them more easily and conveniently. One of the main advantages of embedded finance is that it can make financial services more accessible to users.
The embedded finance customer journey typically involves the following steps:
The user downloads a third-party app or platform that offers embedded finance.
The user signs up for the app or platform and provides their personal and financial information.
The user uses the app or platform to make a purchase or transaction
cash flow 🤑
Incident.io looks to beef up its Slack-based incident response platform with $34M in fresh cash in a round led by Index Ventures
London-based buy now, pay later (BNPL) platform Zilch has closed a $160 million Series C extension, adding $70 million in equity and $90 million in debt from OakNorth, the U.K.’s largest fintech lender.
Cleo, a fintech startup that offers a money management app for millennials and Gen Z, has raised $80 million in Series C funding to help its users whether the cost-of-living crisis.
London-based fintech startup Griffin has raised a €15 million ($18 million) Series A funding round as it looks to expand its self-service banking-as-a-service (BaaS) platform.
twitter spotlight 🔦
Americans traveling in Europe this summer with the EUR/USD at parity
— litquidity (@litcapital)
Jul 12, 2022
hot startup jobs🔥
Rooser - frontend-engineer
Topi - backend-engineer
Gitpod - senior-engineer
Hook - senior-software-engineer