Key Financial Technology Headlines in June:
In June 2025, the fintech landscape continued to evolve, with various companies making strides in their respective domains. However, a notable absence was seen in key funding rounds or major developments for N26, Revolut, Scalable Capital, Payrails, and Mollie, according to available data.
While these European fintech giants held steady, the fintech funding activity was dispersed across other regions and sectors. Indian fintechs collectively raised approximately USD 157 million, with leading deals such as FlexiLoans securing USD 45.2 million and Popclub securing USD 30 million.
New York-based AI-driven fintech startup Aiera closed a $25 million Series B round to advance generative AI in finance, while Israeli tech startups raised over $1.6 billion across 18 deals, predominantly in sectors other than fintech. In Europe, deep tech and energy startups received significant funding, with no mention of major European fintech companies like N26 or Revolut.
Amidst the funding landscape, some European fintech companies were making headway. DealCircle aimed to expand its matching platform for M&A transactions with €5 million in fresh capital. Digital native neobanks continued to gain traction, with challenger banks leading the way with lean, digital-first platforms. Raisin, the Berlin-based Fintech, phased out the "Weltsparen" brand in Germany to better position itself internationally under its original name.
Mollie increased its gross profit by 30% in 2024, reaching €115 million. The Dutch payments company also launched the "Tap" Terminal, an Android-based device for contactless payments via NFC or QR code. Italian banking platform Fabrick acquired Munich-based PSD2 specialist FinAPI, creating one of the largest European players in the open banking space.
Lemonway, a French payments company, added a specialized provider of eco-friendly payment options to its portfolio by acquiring PayGreen's business. Mollie, Payrails, and Scalable Capital also raised funds for European expansion and platform development, with Scalable Capital securing €155 million and Payrails raising $32 million.
Meanwhile, N26 expanded its offering with new travel features and introduced a new premium account model. Klarna, the Swedish buy-now-pay-later giant, entered the mobile wallet market, offering QR code payments, loyalty features, and in-app credit. Klarna also integrated its buy-now-pay-later model into everyday payment situations via Google Pay.
Revolut, another challenger bank, announced plans to build a crypto derivatives trading platform for its 50 million global users. The company also entered the mobile phone business, offering an unlimited eSIM data volume for €12.50 per month. Revolut additionally launched its own stablecoin, aiming to provide more stability in payments and savings.
In a strategic move, Revolut is reportedly in talks with investors about a potential funding round of €400 million for international expansion and profitability. ABN Amro is launching a new digital bank, Buut, targeting tech-savvy users, while Spanish megabank BBVA is launching a new digital bank in Germany, promising three percent interest on checking accounts.
SumUp plans to process Girocard payments directly through the German payment system without relying on co-badges like Maestro or V Pay. The strategic cooperation between EPI and EuroPa aims to bundle existing national initiatives to create a European alternative to US services.
Amidst this dynamic landscape, a BCG study revealed that fintechs grew three times faster than traditional financial services in 2024, with a revenue growth of 21% compared to 6% for traditional financial services. The study also highlighted the potential for further growth and disruption in the sector.
As the fintech industry continues to evolve, the focus on digital innovation, customer experience, and regulatory compliance remains crucial for the success of companies like N26, Revolut, Scalable Capital, Payrails, and Mollie. Despite the absence of major funding rounds in June 2025, these companies are expected to maintain their competitive edge and contribute to the ongoing fintech revolution.
- Despite the absence of major funding rounds for N26 and Revolut in June 2025, other European fintech companies like DealCircle, Raisin, and Lemonway continued to make headway and contribute to the ongoing fintech revolution.
- As the fintech landscape continued to evolve, companies made strategic moves such as Revolut planning a €400 million funding round for international expansion and profitability, and Klarna integrating its buy-now-pay-later model into everyday payment situations via Google Pay.
- The focus on digital innovation, customer experience, and regulatory compliance remains crucial for the success of fintech companies, as shown by the growth of fintechs three times faster than traditional financial services in 2024, with a revenue growth of 21% compared to 6% for traditional financial services.
