{"id":25632,"date":"2021-08-31T14:23:00","date_gmt":"2021-08-31T14:23:00","guid":{"rendered":"https:\/\/codeandpepper.com\/?p=25632"},"modified":"2021-09-07T07:52:10","modified_gmt":"2021-09-07T07:52:10","slug":"fintech-wire-44-weekly-news-24-30-august-2021","status":"publish","type":"post","link":"https:\/\/codeandpepper.com\/fintech-wire-44-weekly-news-24-30-august-2021\/","title":{"rendered":"FinTech Wire #44: PayPal Users in the UK Get Access to Crypto, W1tty Secures License from FCA"},"content":{"rendered":"\n<p>New week, new startups covered in FinTech Wire. Today, you can read about <strong>Shares.io<\/strong>, a social investment platform, and <strong>W1tty,<\/strong> a challenger bank soon to be launched in the UK. We will also hear from their more experienced counterparts that have some exciting news to share: <strong>PayPal, Nubank, and TrueLayer<\/strong>.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44.jpg\" alt=\"Weekly FinTech news digest: 24\u201430 August 2021\" class=\"wp-image-25633\" width=\"1200\" height=\"628\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44.jpg 1200w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-300x157.jpg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-1024x536.jpg 1024w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-768x402.jpg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-80x42.jpg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-118x62.jpg 118w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-361x189.jpg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-433x227.jpg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-191x100.jpg 191w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-720x377.jpg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-864x452.jpg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/09\/FintechWire_1200x628_44-432x226.jpg 432w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-weekly-fintech-news-digest-24-30-august-2021\"><strong>Weekly FinTech news digest: 24\u201430 August 2021<\/strong><\/h2>\n\n\n<article\n    id=\"fintech-news-block-block_612f9c54928a6\"\n    class=\"fintech-news-block block \"\n>\n    <h1 class=\"fintech-news-block-title\">PayPal users in the UK can now buy, hold and sell cryptocurrency<\/h1>\n    <div class=\"row\">\n        <div class=\"column tablet-4 fintech-news-block-image-column\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"361\" height=\"203\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/12\/paypal-logo-361x203.jpg\" class=\"attachment-case-study-thumbnail size-case-study-thumbnail\" alt=\"PayPal logo\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/12\/paypal-logo-361x203.jpg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/12\/paypal-logo-300x169.jpg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/12\/paypal-logo-178x100.jpg 178w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/12\/paypal-logo-432x243.jpg 432w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/12\/paypal-logo.jpg 640w\" sizes=\"auto, (max-width: 361px) 100vw, 361px\" \/>        <\/div>\n        <div class=\"column tablet-8\">\n          <h2 class=\"fintech-news-block-subtitle\">Cryptos available in the app include Bitcoin, Ethereum, Litecoin and Bitcoin Cash<\/h2>\n        <\/div>\n    <\/div>\n    <div class=\"fintech-news-block-content\">\n        <p>The company <a href=\"https:\/\/techcrunch.com\/2021\/08\/23\/paypal-expands-the-ability-to-buy-hold-and-sell-cryptocurrency-to-the-u-k\/\" rel=\"noopener nofollow\" target=\"_blank\">announced the launch of a new service<\/a> available to all customers in the UK: the possibility to purchase four <a href=\"https:\/\/codeandpepper.com\/innovation-in-crypto-economy-ask-me-anyfin-with-zion-schum\/\">cryptocurrencies<\/a> (BTC, ETH, LTC, BCH) using a bank account or debit card connected to the PayPal account. It will be possible to buy crypto for as little as \u00a31, however there will be a \u00a315,000 limit for a single transaction, and the maximum yearly amount for purchase is \u00a335,000. It\u2019s worth noticing that such a service was already rolled out <a href=\"https:\/\/newsroom.paypal-corp.com\/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency\" rel=\"noopener nofollow\" target=\"_blank\">in the US in October 2020<\/a>. After the initial phase, the transaction amounts were upped, and the yearly limit was lifted, so we may expect this to happen also in the UK.<\/p>\n<p><b>Read more about <a href=\"https:\/\/codeandpepper.com\/blockchain-cryptocurrency-fintech-market\/\">FinTech and the cryptocurrency market<\/a><\/b><\/p>\n    <\/div>\n    <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n<\/article>\n\n\n<article\n    id=\"fintech-news-block-block_613217edca4d2\"\n    class=\"fintech-news-block block \"\n>\n    <h1 class=\"fintech-news-block-title\">Shares.io social investment platform to launch in the UK this year<\/h1>\n    <div class=\"row\">\n        <div class=\"column tablet-4 fintech-news-block-image-column\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"361\" height=\"190\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-361x190.jpeg\" class=\"attachment-case-study-thumbnail size-case-study-thumbnail\" alt=\"Shares.io social investment platform to launch in the UK this year after raising $10M\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-361x190.jpeg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-300x158.jpeg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-1024x540.jpeg 1024w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-768x405.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-1536x810.jpeg 1536w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-2048x1079.jpeg 2048w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-80x42.jpeg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-118x62.jpeg 118w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-433x228.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-190x100.jpeg 190w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-720x379.jpeg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-864x455.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/shares_logo-432x228.jpeg 432w\" sizes=\"auto, (max-width: 361px) 100vw, 361px\" \/>        <\/div>\n        <div class=\"column tablet-8\">\n          <h2 class=\"fintech-news-block-subtitle\">The Paris-based startup raised $10M and is ready to expand<\/h2>\n        <\/div>\n    <\/div>\n    <div class=\"fintech-news-block-content\">\n        <p>The French startup will enter the UK market <a href=\"https:\/\/www.uktech.news\/news\/shares-io-social-investing-app-uk-launch-funding-20210825\" rel=\"noopener nofollow\" target=\"_blank\">this autumn<\/a>, and further rollout across Europe is planned for 2022. The <strong>investment app<\/strong> will bring users access to 1500 stocks with no fees and a community to engage with. The app will be available for both <strong>Android and iOS<\/strong>, and customers interested in using it can now join the waitlist ahead of the launch. This expansion comes after one of the largest seed rounds in Europe of $10 million. <a href=\"https:\/\/shares.io\/en\" rel=\"noopener nofollow\" target=\"_blank\">Shares.io<\/a> was backed by its CEO and founder Benjamin Chemla, Peter Thiel\u2019s Valar Ventures, and VC Singular.<\/p>\n<p><b>Read more about <a href=\"https:\/\/codeandpepper.com\/services\/fintech-mobile-app-development\/\" rel=\"noopener\" target=\"_blank\">FinTech mobile app development<\/a><\/b><\/p>\n    <\/div>\n    <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n<\/article>\n\n\n<article\n    id=\"fintech-news-block-block_61321fb1ca4d3\"\n    class=\"fintech-news-block block \"\n>\n    <h1 class=\"fintech-news-block-title\">TrueLayer launches a new European headquarters in Dublin<\/h1>\n    <div class=\"row\">\n        <div class=\"column tablet-4 fintech-news-block-image-column\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"361\" height=\"203\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-361x203.png\" class=\"attachment-case-study-thumbnail size-case-study-thumbnail\" alt=\"TrueLayer raises $130 million in a Series E round, reaching the Unicorn status\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-361x203.png 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-300x169.png 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-80x45.png 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-110x62.png 110w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-433x244.png 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-178x100.png 178w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo-432x243.png 432w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/truelayer-logo.png 640w\" sizes=\"auto, (max-width: 361px) 100vw, 361px\" \/>        <\/div>\n        <div class=\"column tablet-8\">\n          <h2 class=\"fintech-news-block-subtitle\">The company received authorisation from the Central Bank of Ireland<\/h2>\n        <\/div>\n    <\/div>\n    <div class=\"fintech-news-block-content\">\n        <p><a href=\"https:\/\/truelayer.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TrueLayer<\/a>, a company with corporate headquarters in London, opens a new European base in Dublin <a href=\"https:\/\/www.altfi.com\/article\/8261_truelayer-reveals-new-dublin-hq-for-european-expansion\" target=\"_blank\" rel=\"noopener nofollow\">after becoming authorised by the CBI<\/a> as a <strong>payments institution<\/strong>. The new base will help TrueLayer accelerate its expansion across the continent. Ireland is home to numerous FinTech startups, for example, Coinbase, Remitly, Stripe, Square, Revolut and Payoneer. The Dublin headquarters will be led by Joe Morley, VP &amp; general manager for Europe and Leigh-Anne Cotter, named COO for Europe. The CEO and co-founder Francesco Simoneachi commented on the decision: \u201cThe city has built an incredible reputation for financial services and offers the talent across <strong>engineering, product and payments<\/strong> that we will need to support our ambitious growth plans.&#8221;<\/p>\n<p><b>Read more about <a href=\"https:\/\/codeandpepper.com\/top-20-fintech-companies-startups-to-watch-in-2021\/\" rel=\"noopener\" target=\"_blank\">top FinTech startups to watch<\/a><\/b><\/p>\n    <\/div>\n    <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 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60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n<\/article>\n\n\n<article\n    id=\"fintech-news-block-block_6132229dca4d4\"\n    class=\"fintech-news-block block \"\n>\n    <h1 class=\"fintech-news-block-title\">The challenger bank W1tty secures a UK license from the FCA<\/h1>\n    <div class=\"row\">\n        <div class=\"column tablet-4 fintech-news-block-image-column\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"361\" height=\"203\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/w1tty-logo-361x203.jpg\" class=\"attachment-case-study-thumbnail size-case-study-thumbnail\" alt=\"Smart strategy by a new smart finance app W1TTY backed by former EU Commissioner\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/w1tty-logo-361x203.jpg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/w1tty-logo-300x169.jpg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/w1tty-logo-178x100.jpg 178w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/w1tty-logo-432x243.jpg 432w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/w1tty-logo.jpg 640w\" sizes=\"auto, (max-width: 361px) 100vw, 361px\" \/>        <\/div>\n        <div class=\"column tablet-8\">\n          <h2 class=\"fintech-news-block-subtitle\">The launch is planned for 2022<\/h2>\n        <\/div>\n    <\/div>\n    <div class=\"fintech-news-block-content\">\n        <p><a href=\"https:\/\/www.w1tty.com\/\" target=\"_blank\" rel=\"noopener nofollow\">W1tty<\/a>, a new FinTech founded by Ammar Kutait that plans to launch in the UK next year, <a href=\"https:\/\/www.altfi.com\/article\/8266_new-banking-challenger-w1tty-secures-uk-licence\" target=\"_blank\" rel=\"noopener nofollow\">has received its electronic money institution license<\/a> from the Financial Conduct Authority. The company is building a \u201cnew era financial app\u201d <strong>targeting students and Gen Z<\/strong>. The planned features include engagement programs, an educational platform, rewards, cashback, and a wide range of customised cards and plans. W1tty already has an <strong>EMI license in Lithuania<\/strong>, which will allow it to launch in this country, as well as in Poland this year, with other European countries to follow.<\/p>\n<p><b>Read more about <a href=\"https:\/\/codeandpepper.com\/what-does-generation-z-spend-their-money-on\/\" rel=\"noopener\" target=\"_blank\">Gen Z\u2019s financial habits<\/a><\/b><\/p>\n    <\/div>\n    <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n<\/article>\n\n\n<article\n    id=\"fintech-news-block-block_613222d3ca4d5\"\n    class=\"fintech-news-block block \"\n>\n    <h1 class=\"fintech-news-block-title\">Nubank to go public via an IPO in the US<\/h1>\n    <div class=\"row\">\n        <div class=\"column tablet-4 fintech-news-block-image-column\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"361\" height=\"203\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/02\/nubank-logo-361x203.png\" class=\"attachment-case-study-thumbnail size-case-study-thumbnail\" alt=\"Nubank logo\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/02\/nubank-logo-361x203.png 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/02\/nubank-logo-300x169.png 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/02\/nubank-logo-178x100.png 178w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/02\/nubank-logo-432x243.png 432w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/02\/nubank-logo.png 640w\" sizes=\"auto, (max-width: 361px) 100vw, 361px\" \/>        <\/div>\n        <div class=\"column tablet-8\">\n          <h2 class=\"fintech-news-block-subtitle\">The Brazilian digital bank will be valued at $55.4bn<\/h2>\n        <\/div>\n    <\/div>\n    <div class=\"fintech-news-block-content\">\n        <p>The biggest neobank in the world, operating currently in Brazil, Mexico and Colombia, is planning its initial public offering that is rumoured to take place in late \u200b\u200b2021 or early 2022. <a href=\"https:\/\/www.reuters.com\/business\/finance\/buffett-backed-nubank-seek-ipo-valuation-over-554-bln-sources-2021-08-25\/\" target=\"_blank\" rel=\"noopener nofollow\">Sources cited by Reuters<\/a> claimed that its valuation will exceed $55.4 billion, the current market cap of Brazil\u2019s largest traditional bank Itau Unibanco Holding SA. This valuation would also make <a href=\"https:\/\/nubank.com.br\/\" target=\"_blank\" rel=\"noopener nofollow\">Nubank<\/a> one of the largest FinTechs in the world. The latest funding round led by Warren Buffett&#8217;s Berkshire Hathaway Inc valued the digital bank at $30 billion, <a href=\"https:\/\/codeandpepper.com\/fintech-wire-14-weekly-news-26-january-1-february\/\" target=\"_blank\" rel=\"noopener\">as reported in FinTech Wire #14<\/a>. The company hasn\u2019t confirmed the IPO valuation yet but is working with experts from Morgan Stanley, Goldman Sachs and Citigroup on the upcoming stock market debut.<\/p>\n<p><b>Read more about <a href=\"https:\/\/codeandpepper.com\/digital-transformation-in-banking-and-financial-services\/\" rel=\"noopener\" target=\"_blank\">digital banking<\/a><\/b><\/p>\n    <\/div>\n    <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n<\/article>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-get-your-weekly-news-review-every-tuesday\">Get your weekly news review every Tuesday<\/h2>\n\n\n\n<p>Do you want to stay informed? Would you like to receive more news like the above regularly? All you have to do is follow Code &amp; Pepper on <a href=\"https:\/\/twitter.com\/codeandpepper\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Twitter<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/codeandpepper\/mycompany\/?viewAsMember=true\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Linkedin<\/a> or <a href=\"https:\/\/www.facebook.com\/codeandpepper\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Facebook<\/a> and check your newsfeed every Tuesday for a fresh issue of #FinTechWire!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New week, new startups covered in FinTech Wire. Today, you can read about Shares.io, a social investment platform, and W1tty, a challenger bank soon to be launched in the UK. We will also hear from their more experienced counterparts that have some exciting news to share: PayPal, Nubank, and TrueLayer.<\/p>\n","protected":false},"author":20412,"featured_media":25633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1641],"tags":[1702,1633,1659],"class_list":["post-25632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech-wire","tag-cryptocurrencies","tag-fintech-investment","tag-neobanking"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FinTech Wire #44 - Weekly news digest 24-30 August 2021 | Code &amp; Pepper<\/title>\n<meta name=\"description\" content=\"In this issue, you can read about startups Shares.io and W1tty, as well as their more experienced counterparts: PayPal, Nubank, and TrueLayer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/codeandpepper.com\/fintech-wire-44-weekly-news-24-30-august-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinTech Wire #44 - Weekly news digest 24-30 August 2021 | Code &amp; 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