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Today in FinTech: Brazil Unveils FinTech Regs

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In today’s FinTech news, Lunar digital bank eyes growth in the Nordic region, while Brazil’s central bank hands down new FinTech regulations. Plus, Revolut’s CRO resigned to launch a cryptocurrency startup.

Digital Bank Lunar Raises $76M

Digital bank Lunar secured $76 million in funding to continue expanding across the Scandinavian region. The company recently launched a blockchain division and crypto platform for its Nordic customers and enabled card payment acceptance for business clients.

Brazil Imposes Stricter FinTech Rules

New FinTech regulations being imposed by Brazil’s central bank will subject digital platform banks to rules that are similar to those followed by traditional financial institutions. The updated laws are expected to start being introduced as law beginning January 2023, with full implementation by January 2025.

Denmark’s FinTech Cardlay Closes $6M Financing Deal

Danish FinTech B2B firm Cardlay is using a $6 million investment boost from current backers to hire additional talent and expand the capabilities of its payments platform and customer…

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