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Fintech & Banking Industry Newsletter

13.02.2026Admin Adminich

Аsia



Indian fintech Olyv raises $23m series B

Tech in Asia, Posted February 11, 2026

Olyv, a Bengaluru-based digital financial platform targeting India’s emerging middle class, has raised US$23 million in series B funding led by Fundamentum, with participation from SMBC Asia Rising Fund.

Olyv offers products such as personal loans, gold savings, and credit health management, serving nearly 2 million monthly active users across India.

The company has disbursed millions of loans and has been profitable for 11 consecutive quarters.


Kazakhstanis to Gain QR Payment Access Abroad: Singaporean Fintech Giant 8B Enters the Market

QR News Posted February 9, 2026

The process of implementing a unified QR code shared by all banks has officially launched in Kazakhstan’s payment market. In this context, the Singapore-based international fintech company 8B, which specializes in developing payment infrastructure based on national fast-payment systems and QR solutions, has announced its entry into the Kazakhstan market.


Korea, Indonesia to Launch Cross-Border QR Payment Link in April 2026

Crowdfund Insider, Posted February 8, 2026

South Korea and Indonesia plan to launch a cross-border QR-code payment service in April, allowing visitors to pay at merchants in either country using their domestic QR payment apps, Indonesia’s central bank said.

The planned linkage underscores how central banks are increasingly treating retail payments connectivity as economic infrastructure: QR interoperability can shave costs off everyday cross-border spending, reduce reliance on cash, and complement local-currency settlement initiatives.



Europe



UK’s FCA confirms new protections for BNPL borrowers

Fintech Futures, Posted February 12, 2026

The UK’s Financial Conduct Authority (FCA) has confirmed the start date for new rules covering buy now, pay later (BNPL) products.

In a release posted to its website this week, the regulator states: “BNPL borrowers will benefit from stronger protections from 15 July 2026, following the Government’s decision to bring the sector under the FCA’s regulation.”

The release continues: “BNPL provides an important source of credit for many, but there are no protections in place currently for those who use it repeatedly and may not be able to afford it. The aim of the new regulation is to help consumers navigate their financial lives, with appropriate support for consumers.”


UK Fintech Funding Declined YoY, Other Regions Experience Rebound in Overall Funding : Research

Crowdfund Insider, Posted February 12, 2026

The global fintech landscape in 2025 as well as early 2026 reveals a state of contrasting developments across regions. In the United Kingdom, once a powerhouse of financial innovation, investment experienced a notable downturn. Funding for UK fintech companies dropped 21% in 2025, reaching approximately $11 billion (or precisely $10.96 billion according to KPMG‘s Pulse of Fintechreport).

This marks the lowest level funding since 2020, when the sector raised around $7.6 billion amid the onset of the Covid-19 pandemic.

The decline saw deal volume fall from 527 in 2024 to 418 last year, reflecting broader investor caution driven by macroeconomic uncertainties, including persistent interest rates and geopolitical tensions.



USA



Oklahoma’s Blue Sky Bank adopts Jack Henry tech to modernise banking services

Fintech Futures, Posted February 12, 2026

Oklahoma-based Blue Sky Bank has teamed up with banking technology provider Jack Henry to upgrade its commercial and retail banking services.

Under the leadership of CEO Brian Schneider since 2019, Blue Sky Bank focuses primarily on commercial banking, which reportedly accounts for around 80% of its business. The bank’s offerings include business and savings accounts, credit cards, loans, treasury management, and investment services. It also offers personal and private banking, as well as mortgage products.


MrBeast’s company buys Gen Z-focused fintech app Step

Tech Crunch, Posted February 9, 2026

YouTube megastar MrBeast announced on Monday that his company, Beast Industries, is buying Step, a teen-focused banking app.

Step, which raised half a billion in funding and has grown to over 7 million users, offers financial services geared toward Gen Z to help them build credit, save money, and invest. The company has attracted celebrity investors like Charli D’Amelio, Will Smith, The Chainsmokers, and Stephen Curry, in addition to venture firms like General Catalyst, Coatue, and the payments company Stripe.



LatAm



Brazil’s Agibank slashes US IPO size by over 50%, slices price range

Reuters, Posted February 10, 2026

Brazilian fintech Agibank has downsized its U.S. initial public offering by more than 50% and slashed the proposed price range, according to a regulatory filing on Tuesday.

The Sao Paulo-based company now plans to sell 20 million shares between $12 and $13 apiece. It had earlier offered roughly 43.6 million shares between $15 and $18 apiece.

The downsized offering marks a setback for the Brazilian IPO market, which had shown early signs of a revival in 2026 after a years-long downturn.


Peru’s Mibanco selects Temenos SaaS for core upgrade

Fintech Futures, Posted February 13, 2026

Banco de la Microempresa (Mibanco) in Peru has tapped Temenos’ Software-as-a-Service (SaaS) suite to update its legacy core banking platform. The Lima-headquartered microfinance bank has selected the Temenos Core and Temenos Data Hub solutions, running on Microsoft Azure, under a new modernisation deal signed with the Swiss vendor.

With $5.4 billion in total assets, Mibanco operates as part of Credicorp Group, which also owns BCP, the largest bank in Peru by market share, and Credicorp Capital, an investment banking unit which went live with the Multifonds platform under Temenos in 2024. Multifonds was later sold to UK private equity firm Montagu for around $400 million.


Kaszek, Endeavor Back Series B for tapi’s Expansion in Mexico

Bloomberg, Posted February 3, 2026

Fintech startup tapi raised $27 million in a Series B round led by Kaszek Ventures as it looks to deepen its role in Mexico’s payments ecosystem and expand a network that allows consumers and businesses to move money across banks, digital platforms and physical retail locations.

The funding brings tapi’s total capital raised since 2022 to more than $60 million. Endeavor Catalyst and Latitud also participated in the round. Founded in Buenos Aires, the company plans to use the proceeds to invest primarily in Mexico by hiring more staff, rolling out new payment and collection services and potentially pursuing acquisitions if suitable assets become available, Chief Executive Officer Tomás Mindlin said in an interview.


E-commerce: UPI sparks a credit card boom in India while Pix overtakes card dominance in Brazil, EBANX finds

PR Newswire, Posted February 12, 2026

In the home of UPI, the world’s most-used instant payment system and the backbone of how Indians shop online, the fastest-growing e-commerce payment method is credit cards. Led by domestic networks like RuPay, local cards are expected to expand at a CAGR of 23% through 2028, outpacing UPI itself (15%) and international cards (6%).

The projections are featured in the new edition of Beyond Borders, EBANX’s annual comprehensive study on digital market and payment trends in emerging economies, published today, and are based on Payments and Commerce Market Intelligence (PCMI) data. The business intelligence report offers an in-depth analysis of payment trends in India, Southeast Asia, Latin America, and Africa, with data and expert perspectives on Alternative Payment Methods (APMs), cards, shopping behaviors, B2B e-commerce, and the rise of stablecoins and AI agents as personal buyers.


Clara renews $150M credit line with Goldman Sachs

latamlist, Posted February 6, 2026

Mexican fintech Clara renewed a $150M credit line with Goldman Sachs, increasing its total debt capacity to more than $250M.

Clara provides corporate spend management solutions across Latin America. Its products include corporate credit cards, bill payments, cross-border transactions, and Clara TravelPay, a platform that manages business travel end-to-end.

Clara will use the funds to expand its payment solutions portfolio and continue scaling products for mid-market and large enterprises. Previous backing from Goldman Sachs helped Clara shift its focus from small businesses to larger corporate clients.


Revolut Launches Full Banking Operations in Mexico

Fintech Magazine, Posted February 9, 2026

The global fintech has exited its Beta phase in Mexico, marking its first banking launch outside Europe with a US$100m capital injection.

Revolut has officially announced the end of its Beta phase in Mexico, marking the formal launch of its full banking operations in the country.

Operating as Revolut Bank S.A. Institución de Banca Múltiple, the move represents the first time the fintech has established and launched a bank outside of the European continent.

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