Author: Team PCN

fintech funding payments PCN pulse

PCN Pulse

Staying on the beat. – August 10 – August 16

From Startups to Funding

WorkMotion announces a $24m Series A

German startup WorkMotion plans to scale its platform for hiring and managing employees abroad. Following on the general trend for VCs continuing to bet big on remote working as a cure for talent shortages. 

Upgrade hits $3.3bn valuation

The lending platform, launched by former LendingClub Chief Renaud Laplanche, has closed a $105 million Series E.

FalconX achieves $3.75 billion valuation

A one-stop shop for institutional cryptocurrency market participants has closed a $210 million Series C financing round.

Big Beats

JPMorgan launches new payments service

The US-based banking conglomerate JPMorgan Chase has launched a new real-time payments option catering to surging payment volumes in the industry. 

India launches new digital payment system

The Indian Government has recently announced the launch e-RUPI, an electronic voucher promoting digital payment solutions.

Global fintech investment rebounds to hit $98bn in H1

Global investment in fintech bounced back strongly in the first half of 2021, hitting $98 billion with a record number of deals, according to KPMG.

Following a sticky, Covid-19-hit 2020, funding across VC, PE and venture capital for H1 2021 was up $12 billion from $87 billion in the same period the previous year, with deal volume hitting a record of 2456. 

Regulatory

Courts crack down on Gig-economy algorithms. 

A new frontier is opening in the debate around gig economy worker rights — and how the algorithms that govern their time and wages work. Foodinho and Deliveroo both fell under scrutiny from Italy’s data watchdogs.

More from PCN: 

Catching up with our Grads! 

A one-month check-in with our PCN Academy

Over the past few weeks, our 5 Graduate Recruitment consultants have had an exciting introduction to the industry. 

They’ve familiarised themselves with key tasks as they learn the ropes from their mentors. By diving into candidate calls, familiarising themselves with our tools, and getting to know the rest of the team, we couldn’t have asked for a better start to our programme!  

Before branching out into their specialisations, we caught up with Kevin, Gilles, Tafara, Sophie and Tahnee to share more about their experiences at PCN.

PCN: 

PCN has the connections in the industry that can push you forward in our specialisms of FinTech, Saas, eCommerce & Cyber Security. Whether you’re a candidate looking to take the next step in your career, a client looking for the best talent or interested in our media and exposure services – we’ve got you completely covered.

People Create Networks.

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