• Fasanara Capital

Top Market Structure Trends in 2021, UK Fintech VS Visas, QR Codes, Walmart Start-up & Other News



Happy Wednesday!



In this blogpost:


  • Top Market Structure Trends for 2021

  • Mambu Raises €110 Million in Latest Funding Round Led by TCV

  • UK fintech review to propose changes to visa and listing rules

  • QR Code Payment Users to Hit 2.2 Billion Globally by 2025

  • Walmart to create fintech start-up with investment firm behind Robinhood

  • The fintech sector resists coronavirus and grows 12% globally




Top Market Structure Trends for 2021



While 2020 is (thankfully) over, it is most certainly not forgotten. Without a

doubt, 2020 brought with it the biggest set of market structure related events

since the global credit crisis of 2008–2009. Every market was impacted,

challenged, and closely examined throughout the year, and these events will

continue to be studied for the foreseeable future. While technology in general

and electronic trading more specifically proved resilient in the midst of crazy

market conditions, so too did the value of relationships between counterparties—

all of whom were trying to survive the unpredictable market.


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Mambu Raises €110 Million in Latest Funding Round Led by TCV



Mambu, a SaaS banking platform, has announced its latest funding round of €110 million in new capital. This round was led by TCV, whose investments include Netflix, RELEX, Spotify, and WorldRemit. Additional investment was received by

Tiger Global and Arena Holdings, as well as existing investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners. The new round brings the company’s valuation to over €1.7 billion. Mambu’s SaaS banking platform accelerates and simplifies the way financial products are built and serviced by any financial institution. Mambu’s platform is used by traditional banks, fintech startups, financial institutions, non-profits, and other businesses to power their financial products and services. Counting the likes of ABN AMRO, N26, OakNorth, Orange and Santander among its customer base, Mambu is powering both the building of new FinTech’s as well as the migration of existing financial institutions onto a tech stack fit for the fintech era. Mambu is continuing to expand both the breadth and depth of its platform and is planning to double the team to over 1000 by 2022.


2020 may have been the catalyst for businesses to improve their understanding of cyber threats and the vulnerabilities they exploit as they plan for the new normal, but how can they do this successfully?

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UK fintech review to propose changes to visa and listing rules



A government-backed review into the UK’s financial technology industry will recommend measures to support fast growing companies after Brexit including special visas for skilled workers and changes to the UK’s listing rules.


The government sees the industry as a key area of focus as it considers where to prioritise future industrial strategy efforts after Brexit. London has been the centre for much of the fintech industry in Europe, with so-called “unicorn” companies’ worth more than £1bn such as Revolut, Monzo and TransferWise setting up in the UK capital.


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QR Code Payment Users to Hit 2.2 Billion Globally by 2025



A new study from Juniper Research has found that the total number of QR code payment users will exceed 2.2 billion in 2025, up from 1.5 billion in 2020; equating to 29% of all mobile phone users across the world in 2025.


The report, ‘QR Code Payments: Key Opportunities, Regional Analysis & Market Forecasts 2021-2025 Research’ predicts that much of this growth will be within emerging markets, where weak card infrastructure creates a strong opportunity. However, the research also found that the US will see strong growth of 240% in user numbers between 2020-2025, as QR code payments tap into the need for cashless payments stimulated by the pandemic. The research identified PayPal’s roll-out of QR payments and its partnership with CVS as key drivers of the renaissance of QR payments within the US market.


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Walmart to create fintech start-up with investment firm behind Robinhood



Walmart said Monday that it will launch a fintech start-up with Ribbit Capital, one of the investment firms behind Robinhood.

Shares of Walmart were up 1.5% on the news in after-hours trading Monday. Walmart’s market cap is $416.7 billion.

The fintech start-up will be majority-owned by Walmart and its board will include several company executives, including Chief Financial Officer Brett Biggs and Walmart U.S. CEO John Furner. Walmart said it will also name independent industry experts to the board and may acquire or partner with other fintech companies.


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The fintech sector resists coronavirus and grows 12% globally



Overall, the fintech sector grew in 2020, with respondents reporting an average transaction volume growth of 11% and an average number of transactions growth of 13%. When looking at market performance indicators related to customer growth, all relevant indicators (including the number of corporate customers, the number of new customers, and the number of new borrowers) increased year over year. The most significant positive change was reported in customer retention or renewal, which increased by 29% compared to the first quarter and second quarter of 2019.


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Thank you for the time!




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