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In fintech news:

🏢 The Blockchain Job Report 2022. A guide on the skills and mindset necessary to thrive in the Blockchain job market - Centre for Finance Technology and Entrepreneurship (CFTE)

📹 I also had the pleasure to  record a course with CFTE “Funding Fintech: Latest trends in crypto, insurtech and Fintech.” Check it out 👈

🚨 JPMorgan, Morgan Stanley, and Goldman Sachs miss profit forecasts. Net income fell 30-50% in Q2 as IPOs and SPACs dried up - Financial Times

🥶 NFT marketplace OpenSea lays off 20% of its staff: ‘We have entered … crypto winter.’ The layoffs raise questions about the company’s aggressive growth tactics and how they approached the sustainability of the NFT sector’s breakneck growth. - Techcrunch

Latest fintech deals

The largest this week:

🇮🇳 ‘Green’ blockchain startup 5ire raised a $100M Series A, turning unicorn despite the crypto bear market.

🌳 5ire's business model is to embed the for-benefit paradigm by highly incentivizing practices that align with the United Nations Sustainable Development Goals (SDG).

🇺🇸 Pico, a provider of mission-critical technology services, software, data and analytics for the financial community, has raised a $200M Growth Equity round. The company saw its planned SPAC listing fall off in February.

🇮🇳 Credit card startup OneCard has become the latest entrant to the unicorn club after a $100M Series D led by Singapore’s sovereign fund Temasek. 

🇲🇽 Mexican fintech startup Stori also reached unicorn status with a $50M equity raise, coupled with a $100M debt financing. Stori offers credit cards to unattended populations in Mexico.

Other notable fintech deals from around the globe:

🇩🇪 ELEMENT Insurance, an insurtech startup that offers custom-made, white-label product solutions for digital insurance, raised a €21.4M Series B.

🏁 ELEMENT Insurance is a leading player in the embedded insurance space and is committed to fulfilling the highest standards across ESG, faster than anybody else in the sector.

Discover more on insurtech in our latest report. 👈

🇬🇧  Smart, a leading retirement technology provider, raised £40M in growth financing by CIBC Innovation Banking. Smart technology is already helping more than a million people save and plan for retirement across four continents. The startup plans to grow beyond ten million users. 

Read up on all the latest fintech deals in Dealroom.co

Tip of the week

🔎 Finding the right investor

The right investors backing can make or break startups. 40% of startups backed by top quartile investors at Seed go on to raise Series A, compared to just 7% for bottom quartile funds.

Dealroom.co's 2022 Investor Rank is the most comprehensive data-driven ranking of the best VC investors in EMEA. We just released a new report, uncovering new insights into the venture capital landscape, underlying data, trends, and methodology.

Download the full report today. 👈

Job opportunities

🇮🇹 Scalapay, a leading BNPL startup, is hiring for a Chief Risk Officer and other 35 roles.

🇺🇸 Fundbox, a provider of SME lending and trade and supply chain finance, is hiring for a Bankruptcy Specialist and other 26 roles.

 🇳🇱 At Dealroom.co we are looking to expand our Research Team with positions ranging from internships to junior and senior analysts, get in touch.

Discover 60,000+ job openings at fintech startups (login for full results)

Dive in

🌍 Fintech in MENA: a rising star

🔎 The State of European Insurtech 

💰 The corporate expense management war

Lorenzo Chiavarini

Innovation Analyst
Dealroom

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