Misrepresentation

25 %

Business identity theft

GOOGLE

AND COINBASE EXPAND WEB3 Google and Coinbase have announced a strategic partnership to launch a pilot programme for crypto payments , expanding the Web3 ecosystem

SERIES E FUNDING ROUND Australian fintech Airwallex , which provides payments and banking infrastructure , has secured US $ 100mn in its extended Series E funding round

NUBANK LAUNCHES ITS OWN CRYPTOCURRENCY Nubank has announced the creation of Nucoin , its own cryptocurrency on the Polygon blockchain network , as part

of its digital currency strategy

Bust-out

63 %

Payments fraud

� NORTHONE The mobile banking fintech has raised US $ 67mn towards its ambition of becoming “ the digital finance department powering every small business in America ”. The company has raised over US $ 90mn in total funding to date

� REVOLUT The fintech trailblazer can celebrate being the most searched for online bank in Europe , according to analysis by CMC Markets . Revolut attracts almost 1mn searches per month across the entire continent

� BREX The business spend management fintech has laid off 11 % of its workforce , equating to 136 people . Brex said it could not avoid the redundancies , having already attempted to redeploy some staff

� BANK NORTH The UK challenger bank startup has announced its closure , having failed to secure adequate funding . The fintech will hand back its banking licence as part of the insolvency process after incurring seven-figure losses

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