Author: Subarna Singh

Newsletter: 21 May 2018

PayPal agrees $2.2 billion deal for iZettle PayPal has reached an agreement to acquire Stockholm-based iZettle in an all-cash deal valued at $2.2 billion, it’s biggest ever transaction in a dynamic and fluctuating payments environment. The timing of the agreement comes just weeks after iZettle announced plans to float on Nasdaq Stockholm in a bid […]

Newsletter: 14 May 2018

Simplesurance raises $24 million in Series C funding Berlin-based startup simplesurance, a leader in the InsurTech industry developing an insurance service platform, receives 24 Million Dollars in the final Series-C Round. Rheingau Founders, Rakuten Capital, the investment arm of Rakuten, Inc., and Allianz X have announced further investment. Lead investor is Allianz, who has started a […]

Newsletter: 7 May 2018

Kreditech appoints David Chan as CEO Kreditech announced the appointment of David Chan as Chief Executive Officer. Alexander Graubner-Müller will stay with Kreditech in his role as founder and Deputy CEO. Alongside with Chan, Kreditech has also been appointing top talent across several other roles in its leadership ranks. Mariusz Dabrowski, former CFO and financial […]

Newsletter: 29 April 2018

Clark collects 29 million dollars In its second round of financing of the Frankfurt Insurance Clark collects 29 million dollars – a record for a Series-B in Insurtech area in Europe! Investors include the Finnish investor Portage3Ventures and White Star Capital. Clark aims to help clients manage insurance contracts, identify insurance gaps, and close deals with mutually […]

Newsletter: 20 April 2018

Apply for the 10th FinTech Forum / 5th Anniversary Edition! Apply to pitch at the 5th Anniversary Edition of the event that kicked-off the FinTech scene in Germany / D-A-CH: exactly 5 years since the inaugural FinTech Forum held on 22nd Nov. 2013. http://www.fintechforum.de/apply-for-the-10th-fintech-forum/ Second largest German stock exchange brings its own app for crypto […]

Newsletter: 13 April 2018

Swiss fintech startup Contovista makes banking data driven – now also internationally Contovista is renowned in the Swiss banking industry. The startup’s solid reputation meanwhile reaches across borders with Raiffeisen Banking Group, Austria counting on Contovista technology when launching their finance portal Mein ELBA. Already for years the startup successfully collaborates with different banks helping […]

Newsletter: 9 April 2018

Event Summary: FTF On Tour | UK FinTech meets Germany In partnership with the Department of International Trade, the British Embassy Berlin and Frankfurt Main Finance, TechFluence organises the FTF On Tour | UK FinTech meets Germany, bringing together top-notch UK FinTech startups addressing “real and present” challenges and opportunities for German banks. Read the event report   Employee benefits startup […]

Newsletter: 2 April 2018

Event Summary: FTF On Tour | UK FinTech meets Germany In partnership with the Department of International Trade, the British Embassy Berlin and Frankfurt Main Finance, TechFluence organises the FTF On Tour | UK FinTech meets Germany, bringing together top-notch UK FinTech startups addressing “real and present” challenges and opportunities for German banks.  Read the event report Giroxx collects capital The Frankfurt […]

Event Summary: FTF On Tour | UK FinTech meets Germany

22nd March 2017, Haus Metzler, Frankfurt am Main   In partnership with the Department of International Trade, the British Embassy Berlin and Frankfurt Main Finance, TechFluence organized the event FTF On Tour | UK FinTech meets Germany on 22nd March 2017 at Haus Metzler in Frankfurt am Main. The event in pictures The event brought together 10 top-notch UK FinTech startups addressing “real […]

Newsletter: 27 March 2018

Building FinTech bridges between London and Frankfurt  On March 22, 2018, promising entrepreneurs, investors, financial institutions and others interested in FinTech, gathered in Frankfurt for the FinTech Forum on Tour. The future cooperation between FinTechs and banks, as well as the UK and Germany were at the core of the event. Snowy weather and delicious earl grey tea created a […]

Newsletter: 19th March. 2018

Kreditech and PayU launch instant cardless EMI with PayU Monedo in India Global online payment service provider PayU and Kreditech, the leading group for digital consumer lending using machine-learning based underwriting, launched the beta phase of PayU Monedo in India. PayU Monedo will provide cardless EMIs (equated monthly installments) to finance the online purchases of consumers in India. The new offering […]

Newsletter: 12th March. 2018

Banking platform SolarisBank closes €56.6M Series B from BBVA, Visa, Lakestar, and others SolarisBank, the Berlin-based “banking platform” co-founded by fintech company builder Finleap, appears to be on quite a roll. The company, which now claims nearly 60 corporate clients who offer various financial services powered by solarisBank,  has closed €56.6 million in Series B funding in […]

Newsletter: 5th March. 2018

Billomat receives seven-digit investment The accounting start-up Billomat from Nuremberg receives a capital injection from  Online News Business (ONB). The company intends to use the money to expand into Scandinavia and Spain, among others. http://gruender.wiwo.de/billomat-siebenstelliges-investment-fuer-nuernberger-fintech/ BNP Paribas launches fintech investment fund BNP Paribas has launched a new investment fund to take direct minority stakes in innovative startups that are […]

Newsletter: 25th Feb. 2018

Zuger Startup is collecting $ 25 million in two days  The Zug startupProxeus has collected $ 25 million from 795 donors in just two days through an initial coin offering. The maximum amount per investor was limited to $ 80,000. Proxeus offers an extremely easy to use product, empowering anyone to create blockchain applications that are affordable and […]

Newsletter: 19th Feb. 2018

SDK.finance supercedes Visa in terms of API endpoints SDK.finance, the European Core Payment Platform, supersedes Visa and other major players in terms of API endpoints. The company was established in 2013 in the Czech Republic. SDK.finance is the Core Payment Platform wrapped into 280+ APIs.  It enables payment providers, FinTech entrepreneurs, and banks to launch […]

Newsletter: 10th Feb. 2018

Blockchain Project Raises $61 Million from A16Z, Polychain Capital A blockchain project based in Switzerland has raised $61 million from a group of investors that includes venture capital giant Andreessen Horowitz and token hedge fund Polychain Capital. DFINITY Stiftung said the funding would go toward development of its blockchain protocol, aimed to support a public decentralized […]

Newsletter: 4th Feb. 2018

Scalable Capital to break through the one billion mark Digital asset management in Germany is about to break out of the niche. According to calculations by “Finanz-Szene.de”, the market leader Scalable Capital is approaching the € 750 million mark and is expected to break the billion mark in the spring. This is mainly due to […]

Newsletter: 28th Jan. 2018

Lendix Receives €200M Debt Institutional Financing Lendix , a Paris, France-based loan marketplace for European SMEs, received a €200m institutional debt financing. Backers included The European Investment Bank Group (EIB) via the European Investment Fund (EIF), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements. http://www.finsmes.com/2018/01/lendix-receives-e200m-institutional-financing.html Paris-based cryptoassets security startup Ledger closes €61 million Series B […]

Newsletter: 19th Jan. 2018

Two million euros for the InsurTech startup Covomo  The Frankfurt-based FinTech Covomo focuses on the comparison of special and supplementary insurance for, for example, travel, pets, electronic devices and sports equipment. In a new round of financing, the startup has now taken more than two million euros. https://www.gruenderszene.de/allgemein/insurtech-covomo-finanzierung Millions in investment for Cologne Fintech startup Entrafin The fintech startup Entrafin gets […]

Newsletter: 8th Dec. 2017

Savedroid launches ICO to enable crypto savings for everyone The FinTech startup savedroid, which specializes in artificial intelligence,launches the first German ICO (Initial Coin Offering) for blockchain inclusion: in the future, savedroid users can easily exchange their savings amounts in Bitcoin or Ethereum and save them securely. In the future, savedroid will also allow Otto normal […]

Newsletter: 1st Dec. 2017

FinTecSystems raises €4.5M, Deposit Solutions closes $20M, PikcioChain raises $6M, Credit Suisse takes stake in TradePlus24, Journey to Funding with FinTecSystems etc. FinTecSystems scores EUR4.5 million investment FinTecSystems, specialist for digital credit assessments and banking API provider, completed its series B financing round with a transaction volume of 4.5 million euros. The round is led […]

Newsletter: 24th Nov. 2017

AIB invests €30mn in TransferMate, Scalable Capital worth over €150mn, WeChat Pay starts in Germany, last chance to avail WeWork Frankfurt’s -15% discount, AIB invests 30m Euros in TransferMate AIB has invested €30m in cross-border B2B payments player TransferMate, in a move aimed at reducing international payments costs for business customers. https://www.independent.ie/business/irish/aib-invests-30m-in-clune-payments-firm-transfermate-36332203.html Scalable Capital worth over […]

Newsletter: 17th Nov. 2017

EclectIQ raises €14M, Treasury Intelligence Solutions raises $12M, Last chance to avail WeWork’s 15% discount,  Interviews with FinCompare, Qumram etc. Amsterdam-based EclecticIQ secures €14 million  EclecticIQ, the global provider of Cyber Threat Intelligence technology solutions and Fusion Center operator today announced a Series B investment of €14 million. The current investment makes EclecticIQ one of the best-funded cyber security scale-ups in Europe. […]