Episode 271: NFF November Maz/Philip

In last month’s segment of #BBE, Elizabeth Kleinveld invited Lars Markull, founder of Embedded Finance Review, and Philipp Buschmann, CEO of AAZZUR. Celebrating the podcast’s sixth anniversary, the episode explores major trends across funding, regulation, partnerships, and the rapid rise of embedded finance. Key topics include the deep fintech–bank partnership between Allegro and PKO Bank Polski, Italy’s CDP blocking the sale of Nexi for strategic infrastructure reasons, and BaFin’s €45m fine against JP Morgan ahead of its 2026 Chase launch. Revolut expands with Booking.com via Revolut Pay, signaling its broader ecosystem ambitions. Funding trends show U.S. fintech investment slowing except for megadeals like Ramp, while Europe sees growth. The thematic deep dive highlights embedded lending’s breakout year, expanding across marketplaces, SaaS platforms, and traditional enterprises, with Germany’s embedded finance market projected to surge through 2030.

About the Author
Elizabeth Kleinveld is an ecosystem builder linking various parties in the Financial Services value chain from startups and scale-ups to regulators, investors and large corporates. She spent twenty years in the tech and banking sectors in the Netherlands, working first with ABN AMRO and then Holland Fintech before joning Startupbootcamp's Global Fintech Accelerator in 2016. There she’s helped over 150 international startups scale their business from Payments, RegTech, InsurTech, PensionTech, Investing, and Trade Finance companies etc. She is passionate about helping female and minority founders and likes to see solutions that increase financial inclusion, giving the underbanked opportunities that they didn’t have before. Kleinveld is very active in the ecosystem and has hosted a number of panel discussions at various conferences, including Money2020, Fintech South, European Women in Tech, and Financial Services Cybertech Forum. Kleinveld has invested in over 40 startups, is on the Board of the Israeli-Dutch Innovation Center and is a Founding Partner of Great Stuff Ventures. Linkedln: https://www.linkedin.com/in/elizabeth-kleinveld-1493ab X: https://twitter.com/EkleinveldSBC Website: www.greatstuffventures.com Provoke: https://provoke.fm/author/elizabeth-kleinveld/
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