Fasanara Fintech Weekly

Fasanara backed Scalapay raises $155m, Revolut's own BNPL, China Tightens Supervision & Other News




Happy Wednesday!



In this Special edition:


  • Italian BNPL Scalapay raises $155m Series A from Tiger Global

  • SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’

  • When Fintech Meets Healthcare: How can cryptocurrencies and blockchain improve access to healthcare?

  • Revolut set to take on Klarna with its own BNPL offering

  • The Brains and Brawn Company: How Leading Organizations Blend the Best of Digital and Physical

  • China Finance Regulators Pledge to Tighten Supervision




Italian BNPL Scalapay raises $155m Series A from Tiger Global.



Buy Now, Pay Later (BNPL) startup ScalaPay has today announced it’s raised a $155m Series A led by Tiger Global. The round marks the first time the American VC firm has ventured into the European BNPL market, which is already dominated by huge players like Klarna (Europe’s most valuable private company).


ScalaPay’s $48m seed round in January was led by London-based Fasanara Capital. Yet it started thinking globally almost immediately, with its funding talks with Tiger known to have begun as early as March.


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SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’.



SEC Chairman Gary Gensler promoted cooperation between Europe and the United States in seeking to regulate decentralized financial technologies.


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When Fintech Meets Healthcare: How can cryptocurrencies and blockchain improve access to healthcare?



Cryptocurrencies and blockchain technology are used in a wide array of new applications – including in healthcare. Fintech start-ups are the catalyst for many of these recent market innovations – and they aren’t just focused on the banking and financial services sector. While finance is necessary for individuals and organisations of all sizes, both can struggle to access it. Yet recent advances in Fintech suggest this disparity can be addressed by capturing the market value of data and repurposing it as payable “currency”. This radically new decentralised finance (DeFi) concept is one that many, including healthcare administrators, are starting to take seriously.

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Revolut set to take on Klarna with its own BNPL offering.



The new credit product will take Revolut one step closer to becoming a financial ‘super app’.


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The Brains and Brawn Company: How Leading Organizations Blend the Best of Digital and Physical.




Siegel shows how to create lasting profits and growth in the smartest way possible: by creating a solid partnership between digital innovation and traditional business operations ― in other words, by marrying brains and brawn.

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China Finance Regulators Pledge to Tighten Supervision.



Chinese officials pledged to tighten supervision in the financial services industry, suggesting a recent regulatory onslaught on the private sector that sent shock waves globally is not over yet.

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