Dear Subscriber,

We were out at The Europas this week and in today’s newsletter, we cover a panel on which Mangrove Capital Partners VC Mark Tluszcz, TransferWise co-founder Taavet Hinrikus and the UK government’s special envoy for fintech Eileen Burbidge talked about the challenges of disrupting financial services.

Elsewhere in the newsletter, a bank in Finland is using payments to tackle climate change by introducing a new bio-degradable credit card that also tracks your carbon footprint and allows you to do something about it. Down under, PromisePay, a company that offers fully managed payments to online marketplaces and platforms, has raised $10m in new funding. And we also bring you an infographic that looks at the future of donations!

Enjoy!

Fintech is talked about as one of the most exciting segments of technological disruption right now, but after the implosion of so-called UK unicorn Powa Technologies and trouble at high profile US online lenders Lending Club and Prosper there’s been something of a sobering in the space.

Australian payments startup PromisePay has raised $10m in new funding.

Finland’s Bank of Aland is taking a payments approach to tackling climate change by introducing a biologically degradable credit card that not only let users see the average carbon footprint of their consumption, it also gives them the option to make up for the footprint of their purchases.

The infographic below from the team over at iATS Payments looks at the future of cash donations and nonprofit market growth.