🌊The Fintech Wave(#15)

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Nov 25, 2021

Happy Thanksgiving🦃to everybody. Although it’s a holiday we still decided to send the 15th edition of the Fintech Wave, to keep you updated. TLDR; You can now subscribe to Bitcoin purchases. A new app that allows parents to invest on behalf of their kids. MoonPay raises $555M in Series A.

If you like this newsletter please share with friends and encourage them to SIGN UP HERE. All details are below👇

Europe News and Funding

Expense management platforms are on 🔥🔥

Every week some expense management platform raises above $100M. This week its’s Payhawk with $112M in Series B. London-based Payhawk is actually a European version of Brex. Their clients can easily issue corporate credit cards to their employees, track all the expenses and create reports or reimburse employees.

It’s great to see that companies are using new fintech products to make life easier for employees. If a new employee needs a card, the company can just issue a virtual credit card. Just a few years before, the process of getting a corporate card took a few weeks - after a card is approved, you needed to wait 2 weeks to get an Amex card in your mail. Also, expenses on the card were not connected with the reporting tool, so the employee had to manually list the expenses in an Excel table.

Hopefully, tools like Payhawk will become standard software in every company.

Americas News and Funding

“Stocks📈as a gift” app

EarlyBird just raised $4M to allow parents to purchase stocks for their kids and start investing on their behalf. It is really great idea to create generational wealth. Parents can set up an investment account, choose some of the already built portfolio options and invest for their kids. Also, other family members can send stock gifts. This is really a great use case for fintech products.

If you want to buy the stocks for somebody, you can do it here.

Crypto ₿ites

Set up automatic recurring purchases💳 of Bitcoin

If you are looking to accumulate Bitcoin on a regular basis we found an app that could help you do that.

SwanBitcoin is an app designed to help you stack more Bitcoins. Users just choose the amount and buying frequency and the app is doing everything automatically. The main selling point is a lower fee than other apps such as Coinbase - the fee is lower than 1%. If you are buying BTC on regular basis this is for you (available only in the USA)

MoonPay🌙raises $555M

This is one of the biggest Series A ever. Crypto payment infrastructure startup is now valued at $3.4B. The company is funded in 2019 with the simple mission: “increase cryptocurrency adoption”. They had 1700% growth in the last year - a crazy number.

MoonyPay’s platform allows its users to buy and sell cryptocurrencies and digital assets using debit and credit cards. They support crypto-to-fiat transactions for 30 fiat currencies and more than 90 cryptocurrencies. Apart from crypto, MoonPay recently entered the NFT market where they provide infrastructure for buying and selling NFT. The largest NFT marketplace, OpeaSea, is their customer.

Within 1 year this company will be worth $10B (decacorn)