Tripling Fintech, Zeta is New Unicorn, BNPL in Middle East, UK Talent Competition & Other News



Happy Thursday!



In this edition:


  • Fintech Valuations Keep Tripling, Is It A Trend or Just A Coincidence?

  • Softbank Invests $250m In New Fintech Unicorn Zeta

  • UK Fintech Salaries Integral to Attracting Competitive Talent.

  • Buy Now, Pay Later Players Tackle Credit Conundrum in Mideast’s Gulf.

  • Ant Shelves Sales of Debt Backed by Online Loans After Crackdown.





Fintech Valuations Keep Tripling, Is It A Trend or Just A Coincidence?



With more than five fintechs tripling their valuations in recent months, is it safe to say that once is chance, twice is a coincidence and the third time is a pattern?


This year so far has seen some of the biggest fintech funding rounds in history, with some of the biggest names in fintech picking up billions of dollars’ worth of VC funding


Read More




Softbank Invests $250m In New Fintech Unicorn Zeta.



The Vision Fund has made its latest fintech play with a $250m stake in retail banking tech provider Zeta.


Europe has a new fintech unicorn. Zeta, a London-based, banking tech startup has secured $250m (£177m) in Series C funding from the SoftBank Vision Fund 2, valuing the company at $1.45bn (£1bn).

Read More



UK Fintech Salaries Integral to Attracting Competitive Talent.



In an increasingly competitive tech landscape, top talent will often go where the money is.


New statistics have revealed the average range of salaries offered to UK fintech executives, a key factor in attracting and retaining talent.


Read More



Buy Now, Pay Later Players Tackle Credit Conundrum in Mideast’s Gulf.



Financial technology start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential growth as the coronavirus pandemic drives a shift in consumer spending online.


Digital buy now, pay later (BNPL) purchasing is relatively new to the region where consumers have traditionally been sceptical of paying for goods before getting them.

Read More



Ant Shelves Sales of Debt Backed by Online Loans After Crackdown.



ANT Group Co has suspended issuance of securities backed by online loans as Jack Ma's financial technology giant overhauls its business to meet stringent new rules for the sector, people familiar with the matter said.


Ant has no immediate plans to issue asset-backed securities (ABS) this year, the people said, asking not to be named since the matter is confidential.

Read More





Thank you for the time!




Fasanara Fintech Weekly