Today’s newsletter is all about funding, European expansions and American roll-outs.
In the UK, Crowdcube, which recently powered challenger bank Mondo’s crowdfunding campaign, has raised in £8 million in a mixture of venture capital and money raised from 3,700 investors through its own crowdfunding platform.
Turning to Europe, Chinese mobile payments giant Alipay is continuing its expansion into the continent with a partnership with Ingenico that will allow the 450 million Alipay users to use the app in more stores.
Across the pond in the US, MasterCard is saying that it is finally making progress with the roll out of chip cards as now 80% of consumer credit cards in the country have chips installed. However, recent card fraud data suggest there is still quite a way to go.
We round off the newsletter with a blog about the question that is on everyone’s minds recently: Is financial regulation holding back innovation in the UK?