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🌟 Vilnius-Based BoBo Secures €6.5 Million for Instant Large Volume Cross-Border Transactions 🌍💸 Bourgeois Boheme (BoBo), a fintech company for modern entrepreneurs, has raised €6.5 million in a seed round led by Graphit Lifestyle. 🎉💰 BoBo is revolutionizing family cash flow management by enabling secure, seamless high-value transactions with advanced AI-enhanced security systems. Unlike other digital banks, BoBo focuses on: Unlimited wire transfers Card transactions up to €1,000,000 Managing geographically dispersed assets for high-net-worth families (UHNWI) 🌟 Key Features Secondary-Account Management: Authorized third parties can handle transactions, manage invoices, and reconcile expenses. Embedded Payment Chips: Integrate payment chips into accessories like watch straps, car gloves, key fobs, and jewelry. Membership Packages: Debutant, Star, or Legend, offering premium metal or 18k gold cards, lifestyle assistance, and a dedicated relationship manager. 🌟 BoBo's Mission Co-founder and CEO Hugo Gomez stated, “Our goal is to provide a modern payment solution for the new generation of wealthy individuals, ensuring they can execute large transactions easily and securely through an app.” 🌟 Expansion Plans The funds raised will enhance functionality for managing high-volume payments, introduce an administrative panel for third-party management, and expand into the MENA region. BoBo operates under EEA and UK EMI licenses and is approved by Mastercard, ensuring compliance and security with AI-powered fraud detection and sophisticated monitoring systems. #BoBoFintech #CrossBorderTransactions #HighNetWorth #FintechInnovation #AI #Investment What do you think about this? 🤔

🟧🟩🟦 UK FinTech Leads Despite Drop in Deals Across Europe in Q2 2024 European FinTech saw a major contraction in Q2 2024, but the UK continues to lead the market. Here are the key takeaways: ◾ FinTech deal activity in Europe dropped 77% YoY ◾ UK dominated the market with 32% of all deals (87 total), despite fewer transactions than Q2 2023 ◾ France and Germany also saw significant declines, with only 43 and 26 deals, respectively ◾ Finmid, a Berlin-based embedded FinTech provider, secured the largest German deal with $25m Series A funding #FinTech #UKFinTech #Investment #EmbeddedFinance #Funding #BusinessExpansion #FinanceTech #RokaSearch #FinTechGlobal

📣 ROCKIT Vilnius Fintech Map 2024 and The Fintech Landscape in Lithuania 2023-2024 report by Invest Lithuania have been issued.   Despite a significant decrease in funding, Lithuania’s fintech sector continues to thrive, evidenced by revenue growth and market expansion. Key findings include:   277 fintech companies operating in Lithuania 🇱🇹 Lithuania maintaining its position as the #1 Fintech hub in the EU for licensed companies 📈🇪🇺 5.5 million euros raised by local fintechs 🤔 7.4k people employed in the Fintech sector 👩💻👨🏻💻 27 million customers served by companies licensed in Lithuania 👨👩👧👦   Noteworthy trends include an increase in fintech companies handling software development functions in-house (rising from 42% in 2022 to 51% in 2023) and a self-sufficiency trend, with around 39% of fintechs primarily reliant on revenue funding in 2024. To learn more, check out the report by Invest Lithuania here: https://lnkd.in/dRaS2RUq #fintech #fintechindustry

It's #FintechFriday Global giants are betting big on Africa's fintech boom! Telcos, payment processors, even entertainment giants - they're all eyeing Africa's untapped potential. Why? Read more here to learn how 4C Group can help you capitalize on the African Fintech Solutions gold rush: https://lnkd.in/dXDZtxKq What B2B opportunities excite you in Africa's fintech future? How can fintech solutions enhance your business strategy? #4CGroup #FintechAfrica #B2B #MobilePayments #FinancialInclusion

UK continued to dominate the European FinTech market with a third of all deals in the region: European FinTech investment stats in Q2 2024: FinTech deal activity in Europe dropped by 77% YoY UK continued its domination of the European ...

ZEN.COM Appoints Michał BOGUSŁAWSKI as CEO Europe to Drive Global Payment Innovation and Lead the Next Phase of Growth 📢 We are excited to announce the appointment of Michal Boguslawski as CEO Europe. This appointment represents the natural progression of our leadership team, highlighting Michal’s pivotal contributions since the company's inception and setting the stage for ZEN.COM’s next phase of dynamic growth in Europe and global expansion. Michal has played a key role in shaping our strategies from the very beginning. Under his leadership, ZEN.COM will continue to focus on enhancing product offerings, strengthening our presence in Europe, and delivering exceptional value to our customers. His relocation to Vilnius, Lithuania, underscores his commitment to maintaining a strong regional presence and fostering compliance and regulatory excellence. 🌍 A Vision for Global Expansion At ZEN.COM, we are at the forefront of reshaping global payments, seamlessly connecting buyers and sellers, empowering businesses to grow, and providing cost-effective solutions that save customers money. Following recent achievements, including securing an Electronic Money Institution license in the United Kingdom and a Major Payment Institution license in Singapore, we are driving forward together with our global team to expand our reach and continue delivering innovative payment solutions worldwide. We are incredibly proud of our progress, having become the second-largest Electronic Money Institution in Lithuania, a European fintech hub, and we look forward to further innovation and growth under Michal’s leadership across Europe. Celebrate with us as we embark on this exciting new chapter together! #ZENCOM #Fintech #Leadership #GlobalPayments #Innovation #Growth

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The FinTech Landscape Map Lithuania 🇱🇹 & report by Invest Lithuania is out. The Key Takeaways:   ► 277 FinTech companies are operating in Lithuania 🇱🇹 ► Lithuania maintaining its position as the nr.1 FinTech hub in the EU for licensed companies 🇪🇺 ► 5.5 million euros raised by local FinTechs. ► 7.4k people are employed in the FinTech sector. ► 27 million customers are served by companies licensed in Lithuania.   Noteworthy trends include an increase in FinTech companies handling software development functions in-house (rising from 42% in 2022 to 51% in 2023) and a self-sufficiency trend, with around 39% of FinTechs primarily reliant on revenue funding in 2024. Download the complete #fintechreport here:https://lnkd.in/eUBzmrKe Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #financialtechnology #lithuania #payments #paytech #fintechindustry 

Daily research from FinTech Global Lithuania's five-year FinTech plan fails to prop up the Baltics in Q1 2024 In 2024, the Baltic FinTech sector is experiencing a notable shift, with just 10 funding rounds completed in Q1 and deal activity expected to hit around 40 transactions, marking a 24% decrease from the previous year. Simultaneously, projections indicate that Baltic FinTech businesses raised $33m in Q1 2024 and are set to secure approximately $132m in funding collectively, reflecting a significant 38% reduction compared to the figures of 2023. Tumm, a cutting-edge core banking provider, had the largest Baltic FinTech deal in Q1 2023 after raising $27m (€25m) in their latest Series B funding round, led by CommerzVentures. The recently acquired funds are designated for a bold expansion strategy. Tuum's objective is to fortify its global footprint, focusing on key markets in the DACH region, Southern Europe, and the Middle East, with plans to acquire a new office as part of this endeavour. Additionally, the investment will enable Tuum to bolster its direct sales and marketing efforts and fortify its partner channel. Reflecting on the funding round, Tuum CEO Myles Bertrand shared his vision, stating, “I joined Tuum in the summer of last year because I saw the gap in the market for its proposition. Everyone knows that banks need to replace their aging core banking systems if they are going to successfully adapt their business models for digital banking. Estonia was the most active Baltic FinTech country with eight deals in Q1 2024, a 80% share of all funding rounds. Lithuania was second with two deals, a 20% share of total deals. Latvia recorded no FinTech deals in Q1 2024. Lithuania’s government is aiming for a 30% average revenue increase for FinTechs by 2028 through its new five-year strategy. Notable incentives including tax breaks for R&D, direct funding, and initiatives like the Green Finance Action Plan. Additionally, Lithuania prioritizes talent development through programs like the AML Centre of Competence and Knowledge Hub Programs, aiming to establish itself as a FinTech Centre of Excellence. #FinTech #Baltics #Deals