16 % Art

43 CHALLENGER BANKS LAUNCHED IN 2022 Despite the global marketplace experiencing a downturn , the launch of 43 new challenger banks globally sees a rise of 17.5 % on 2021 figures

VODENO ’ S HEAD OF PAYMENTS TALKS BAAS Krzysztof Hoffman , Head of Payments at Vodeno , discusses the future of BaaS in an unstable economy and its impact on fintech

UAE-BASED PYYPL RAISES $ 20MN

FOR ITS MOBILE FINSERV PLATFORM UAE-based fintech Pyypl has raised US $ 20mn in Series B for its mobile payments platform and may consider extending the round due to strong interest

� WISE The international money transfer company , previously known as TransferWise , bagged a US $ 3.4mn debt facility , making it one of the biggest funding round winners of 2022

� COPPER TECHNOLOGIES The London-based cryptocurrency custodian Copper Technologies secured $ 196mn in a Series C funding round in Q4 of 2022

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� FTX The leading cryptocurrency exchange experienced a serious blow following allegations of financial mismanagement , resulting in the failure of a buyout and the bankruptcy of the company

� KLARNA AUSTRALIA The former industry-leading BNPL Klarna Australia has reportedly haemorrhaged AU $ 56mn in losses last year .

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