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Newsletter, 08 August – 15 August 2014

Funding for FinTech Forum DACH alumni BitBond and moneymeets 

moneymeets, which presented at our first event in Nov. 2013, and BitBond from our second event announced funding rounds this week. Moneymeets and BitBond were also among the 15 startups selected to present at the Innotribe Startup Challenge London showcase in May 2014. Congratulations and all the best to them as well as to our partner Innotribe!

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FinTech Innovation Launches In Continental Europe

…Next month in Barcelona, Next Bank Europe will announce the winner of the European BBVA Open Talent contest. BBVA’s three contests, in Europe, Central/South America and North America and Rest of World, drew 870 entries this year, up 80% over the previous year.

http://www.forbes.com/sites/tomgroenfeldt/2014/08/14/fintech-innovation-launches-in-continental-europe/

Meet us in Barcelona on 18-19 September! FinTech Forum DACH is a partner of Next Bank Europe and a judge of the BBVA Open Talent contest.

„Terra Credit Systems“ Samwer-Brüder planten eigene Bank – und stoppten das Projekt 

Wer kaufen will, braucht Geld, wer sich welches leihen kann, kauft mehr: Eine eigene Samwer-Bank würde Sinn ergeben. Doch entsprechende Pläne wurden gestoppt.

http://www.gruenderszene.de/allgemein/samwer-bank

Studie: Junge Bundesbürger schenken PayPal mehr Vertrauen als Privatbanken

Nur 30 Prozent der Bundesbürger zwischen 18 und 34 Jahren vertrauen einer Privatbank, zwei Drittel dagegen dem Internet-Zahlsystem PayPal. Dessen Bekanntheitsgrad bei jungen Deutschen liegt inzwischen bei 96 Prozent. Diese Zahlen zeigen: Die Kunden von morgen drohen zu Internetfirmen oder -Plattformen abzuwandern, wenn diese ihre Angebote ausbauen und weitere Finanzdienstleistungen wie Kredite oder Geldanlagen anbieten.

http://cofinpro.de/news/studie-junge-bundesbuerger-schenken-paypal-mehr-vertrauen-als-privatbanken/

US venture fund Nyca Partners seeks fintech edge

US venture fund Nyca Partners seeks fintech edge – FT.com http://on.ft.com/1yjugnT via @FT

What These Banks Learned About Wearable Devices, Augmented Reality

When Westpac New Zealand recently took its Google Glass app on a road show to branches up and down the country, customer reactions took the bankers by surprise.

http://www.americanbanker.com/issues/179_153/what-these-banks-learned-about-wearable-devices-augmented-reality-1069301-1.html

Pockit.com Selects Wirecard as Their Prepaid Card Issuer

Wirecard  Card  Solutions  Limited, a Wirecard  AG company, is card issuer of the new Pockit Prepaid MasterCard® programme, offered by Programme Manager Pockit Limited.

http://www.prnewswire.co.uk/news-releases/pockitcom-selects-wirecard-as-their-prepaid-card-issuer-270872291.html

Interview: Michael Berthold, President and Founder of KNIME, on Data Mining, Startups, and Visual Workflow

Prof. Dr. Michael Berthold is the founder and president of KNIME.com AG, makers of the popular KNIME open source data mining and processing platform.

http://www.kdnuggets.com/2014/08/interview-michael-berthold-knime-data-mining-startup-visual-workflow-part1.html

Cryptocurrency Round-Up: Argentina Embraces Altcoins, Bitcoin Boosts Overstock Shares and Bitbond Funding

The price of bitcoin has continued to slide, dropping in value by a further 5% over the last 24 hours. This takes its price down to $525 (£315), around $100 less than it was one month ago.

http://www.ibtimes.co.uk/cryptocurrency-round-argentina-embraces-altcoins-bitcoin-boosts-overstock-shares-bitbond-funding-1461084

A Former Yahoo Interim CEO Is Giving StockTwits A Boost

The finance world’s social network is getting some major upgrades. Ross Levinsohn is now on the board of Stocktwits, a  social media platform for investors, traders, and entrepreneurs.

http://www.businessinsider.com/former-yahoo-interim-ceo-joining-stocktwits-2014-8#ixzz3AU6zhRa9

Fashion-Trends per Kreditkarte: PAYONE übernimmt die Zahlungsabwicklung für den ORSAY Online-Shop 

PAYONE übernimmt europaweit die Zahlungsabwicklung für den Online-Shop von ORSAY. Das bekannte deutsche Modeunternehmen mit Sitz im baden-württembergischen Willstätt entwirft junge, modische und preiswürdige Outfits für insgesamt 27 Länder.

http://www.payone.de/unternehmen/presse-news/pr…

Newsletter, 02 August – 08 August 2014

Hacking Finance @  Next Bank Europe, Barcelona 17. Sep. 2014

Hacking Finance Tech @  ist ein Fintech-Hackathon, der Programmierer, Designer und Geschäftsleute am 17. September in Barcelona versammelt, um Software-Ideen im Bereich Retail Banking, Kapitalmarkt, Payments und Big Data zu entwickeln.

Hacking Finance Biz @  ist ein Business Innovationsworkshop, der sich zum Ziel gesetzt hat, neue Wertbeiträge für die Transformation der Finanzindustrie zu schaffen.

Der Sieger wird eingeladen, seine Idee auf der Next Bank Europe Konferenz am 19. September in Barcelona zu präsentieren.

http://www.nextbankeurope.com/#hacking-finance

The FTFD Class of 2013: partnership opportunities, open positions, investment etc.

We turned a year old in July, and decided to celebrate with our community of startups- this week we showcase the FTFD Class of 2013: with plenty of opportunities for partners, investors, banks, new hires etc. Drop us a line if you would like to connect to any of our fintech rising stars.

http://fintechforum.de/News_%26_Blogs/Eintrage/2014/7/27_Newsletter%2C_12_July-18_July_2014_2.html

German Crowdinvesting Threatened by Retail Investor Protection Law Draft

The German crowdfunding platform Companisto reported that due to current events, the German government has prepared a draft of a retail investor protection law released this week…According to Companisto, “After initial inspection, it is clear that the draft law significantly threatens the continued existence of crowdinvesting in Germany.

http://www.crowdfundinsider.com/2014/08/45855-german-crowdinvesting-threatened-retail-investor-protection-law-draft/

VISA, V.me, Checkout und Apple — im Herbst gehts los?

Es wird ernst: VISA kooperiert mit Apple, Apple greift Pay Pal an, VISA steigt derweil auf Check out um — und — ach ja: „Google wird zur Bank“? Fehlt eigentlich nur noch: „Google kauft VISA Check out um das Apple-​​Wallet auf PayPal-​​Basis zu ver hin dern“.

http://www.it-finanzmagazin.de/visa-v-me-checkout-und-apple-im-herbst-gehts-los-2087/

FinTech – Die Konkurrenz der Finanzdienstleister

FinTech-Unternehmen wollen die Finanzdienstleistung revolutionieren. Eine Studie beschreibt, warum sie eine ernstzunehmende Konkurrenz für Banken und Versicherer sind.

Studie „FinTechs – Angriff auf das Geschäftsmodell von Banken“

http://www.finanzen.net/nachricht/fonds/FinTech-Die-Konkurrenz-der-Finanzdienstleister-3777779

UK fintech given Osborne blessing

The Chancellor of the Exchequer today vowed to create the „best environment“ for fostering new financial technologies, as the UK’s burgeoning fintech sector welcomed the launch of a new body backed by the country’s biggest banks.

http://www.efinancialnews.com/story/2014-08-06/uk-fintech-sector-gets-government-blessing-innovate-finance-launch

Traxpay among “8 Under the Radar FinTech Startups you should know”

In case you hadn’t notices, FinTech startups are blowing up. But there are still some that have managed to fly “under the radar” — they either haven’t been talked about as much as they should, or their full potential has been overlooked. Here are eight we’ve noticed so far this year.

http://www.bankinnovation.net/2014/08/8-under-the-radar-fintech-startups-you-should-know/

Jamaica National Building Society’s small business loans subsidiary chooses Mambu

JN Small Business Loans Limited (JNSBL), the small business loans subsidiary of Jamaica’s third largest financial institution, Jamaica National Building Society, has selected Mambu as its new core banking platform.

http://www.finextra.com/News/Announcement.aspx?pressreleaseid=56216

Das Payment-Startup, das wie WhatsApp funktionieren will

Das Mobile-Payment-Startup Payfriendz hat eine Lösung entwickelt, mit der Freunde schnell und einfach untereinander Geld verschicken können.

http://www.gruenderszene.de/allgemein/payfriendz-interview

Wirecard Introduces its mPOS Solution to the Indian Market

Wirecard AG is providing the technology for Skilworth Technologies Private Limited to introduce its innovative white-label mPOS solution to the Indian market under the brand „Bijlipay“. The Nationwide distribution of Bijlipay will start in September, following a successful initial rollout at selected retailers in Southern India over the past few weeks.

http://www.marketwatch.com/story/wirecard-introduces-its-mpos-solution-to-the-indian-market-2014-07-31

cloudControl Signs Definitive Agreement to Acquire dotCloud PaaS Business

cloudControl, Inc., the US subsidiary of the Berlin, Germany headquartered PaaS pioneer cloudControl GmbH, today announced that it has entered into a definitive agreement to acquire the dotCloud PaaS business from Docker, Inc. the company behind the eponymous open source container platform, for an undisclosed amount.

http://www.broadwayworld.com/bwwgeeks/article/cloudControl-Signs-Definitive-Agreement-to-Acquire-dotCloud-PaaS-Business-20140804#.U-JlhqOrbTo

RapidMiner and CRMT Partner to Bring Advanced Analytics to the Adriatic Market 

Pioneering predictive analytics leader RapidMiner today announced a strategic partnership with CRMT, escalating RapidMiner’s momentum within the EMEA market. The partnership combines RapidMiner’s expertise in advanced analytics, especially in predictive analysis, with CRMT’s reputable client success in the Adriatic region.

http://www.consumerelectronicsnet.com/article/RapidMiner-and-CRMT-Partner-to-Bring-Advanced-Analytics-to-the-Adriatic-Market–3423349

7 Questions with Benedikt and Philipp of Biometric Credit Bureau

1. Who are you?
We, Benedikt Kramer and Philipp Neub are the founding team of BCB Biometric Credit Bureau.
BCB Biometric Credit Bureau offers services tailor-made to microfinance institutions and Savings and Credit Co-operatives in sub-Saharan Africa. BCB collects and analyzes personal loan/credit information using a unique, low budget IT solution. BCB is the pioneer efficiently and comprehensively covering the bottom-of-pyramid population.
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Newsletter, 26 July – 01 August 2014

FinTech Forum D-A-CH turns one! Presenting the FTFD Class of 2013.

We turned a year old in July, and decided to celebrate with our community of startups- this week we showcase the FTFD Class of 2013: with plenty of opportunities for partners, investors, banks, new hires etc. Drop us a line if you would like to connect to any of our fintech rising stars.

Top 10 European FinTechs attracting Funding 

Kreditech among the top 5 in this list of the ten largest European FinTech funding rounds in 2014 so far – apart from Klarna (GBP 67.8 mn), borro (GBP 65.4 mn), Funding Circle (GBP 65 mn) and iZettle (GBP 36.3 mn)

http://issuu.com/runwildmedia/docs/the_city_issuu_august/45?e=12964288/8799659

7 Questions with Benedikt and Philipp of Biometric Credit Bureau

BCB Biometric Credit Bureau offers services tailor-made to microfinance institutions and Savings and Credit Co-operatives in sub-Saharan Africa. BCB collects and analyzes personal loan/credit information using a unique, low budget IT solution.

Commerzbank und Sutor Bank machen ernst in Sachen Start-ups

Die Commerzbank, die bereits den Main Incubator startete, plant den Aufbau eines eigenen Risikokapitalablegers. Details sind noch nicht bekannt. Eine weitere Bank, die sich derzeit an Start-ups ranmacht, ist die Sutor Bank. Sie stellt Jungfirmen eine Start-up-Plattform zur Verfügung.

http://www.deutsche-startups.de/2014/08/01/commerzbank-sutor-bank-startups/

Rethinking fintech innovation at Next Bank Europe – Barcelona 18-19 Sep 

Re-think the future of finance at our Partner Event, Next Bank Europe in Barcelona on 18 and 19 September: innovators from within and outside financial services institutions come together at Next Bank Europe to explore the digital transformation of the industry.

More information at http://www.nextbankeurope.com/

German Equity Crowdfunding Platform Bergfürst Gets Banking License

Bergfürst, a German investment crowdfunding platform that also incorporates an electronic trading platform as a secondary market, has received a banking license from  Finanzdienstleistungsaufsicht (BaFin).

http://www.crowdfundinsider.com/2014/07/45345-german-equity-crowdfunding-platform-bergfurst-gets-banking-license/

Amazon Could Be Working On A Square Competitor

Rumors have been coming in that Amazon is readying a mobile payments product that could compete with Square, Intuit GoPayment and PayPal Here.

http://techcrunch.com/2012/09/27/amazon-could-be-working-on-a-square-competitor/

FinTechs zwingen Banken zum Umdenken

Marktanalyse von Horváth & Partners stellt die Top 12 Geschäftsmodelle vor

http://www.horvath-partners.com/de/publikationen/studien/detail/publication/fintechs-angriff-auf-die-geschaeftsmodelle-von-banken/

Die Bankfiliale der Zukunft wird das Handy sein: Number26

Mit dem Slogan „Banking aber besser“ startete im vergangenen Jahr Number26, eine Anwendung, die das verstaubte Image der Bankgeschäfte aufpolieren will.

http://www.deutsche-startups.de/2014/07/29/die-bankfiliale-der-zukunft-wird-das-handy-sein/

Payfriendz seeks to innovate P2P payments with messaging, social features

Newcomer Payfriendz wants to innovate mobile peer-to-peer payments with a unique messaging feature, but whether social is enough to compete against the likes of PayPal is questionable.

http://www.mobilecommercedaily.com/could-payfriendz-outplay-paypal-with-messaging-social-features

Exclusive Q&A with Traxpay CMO & SVP of Product Management, David Descharnais

Traxpay uses data and logic to facilitate real time payments for the enterprise business.

http://paymentweek.com/2014-7-24-exclusive-qa-with-traxpay-cmo-svp-of-product-management-david-descharnais-5210/

Hacking Finance @ business innovation and technical workshops at Next Bank Europe (17 Sep.)

Hacking Finance Tech @ is a technical workshop aimed at developers & designers and Hacking Finance Biz @ is a business workshop for fintech innovators in general.

Sign up to co-create innovative fintech solutions: http://www.nextbankeurope.com/buy-your-ticket/

FinTech Forum D.A.CH turns One!

We turned a year old this month and were named to the Financial News FinTech 40 40 Leaders in FinTech  / Wall Street Journal 40 Innovators Shaping the Future of Finance in June.

We thought a small celebration along with the startups in the FTFD community was in order, so we asked the startups from our first event (Nov. 2013) what they have been up to, their plans for the coming months, and what they are looking for. We also setup a fintech showcase (currently in beta) courtesy our sponsor BankITX.

Below are the startups from our first event in the order in which they presented at the event – watch this space for a second edition with the startups from our second event!

We hope you enjoy catching up with the FTFD Class of 2013: do go through their “wants / looking for” – there are plenty of opportunities for partners, investors, banks, new hires etc. – and drop us a line if you would like to connect to any of these fintech rising stars!

Startup Achievements Wants / Looking for
United Signals

Invest directly in trading strategies of successful traders.

  • United Signals Top 5 strategies gained an average of more than 21% in 2013. All available strategies together had an average performance of 8% in the same time span.
  • Looking for asset managers/ partners in US/ UK/ Asia.

 

Lendstar

Borrow, collect, prepay, split, send & spend money within one app

  • Looking for investors and (bank) partners in Europe, America and Asia

 

Moneymeets

Helps private clients make better financial decisions along their life goals.

 

  • Customer base +120%
  • Assets under management +280%
  • Closed Series A-funding with a renowned German media company (to be announced)
  • Semi-finalist at the SWIFT Innotribe Startup Challenge
  • Improving moneymeets for a complete tracking tool in private financial decisions.
  • Looking for skills in big data.
  • Looking for partners for distributing our services to banks
Wikifolio

Invest in the trading strategies of the best traders. Enables traders to turn their portfolios into fully-fledged financial products, called “wikifolios”.

 

  • Over €200 M invested into wikifolio certificates to date – €30 M in Jan. 2014 alone! (400% growth vs. Jan. 2013)
  • 1200+ investable wikifolios (with ISINs) listed on Börse Stuttgart
  • Published trades 1M+, trading volume € 3.3B+, 85000+ comments etc.
  • Closed a €6 M funding round in May 2014, led by Speedinvest to fund expansion
  • Expand current partnerships (which includes OnVista.de, Finanzen100.de, Börse Stuttgart, HSBC, SBroker.de, brokerjet etc.) with leading financial media websites, online brokers and banks.
  • Looking for Media, Brokerage and private banking partners in European markets e.g. France, Switzerland, Sweden, UK, etc.
  • Expand the unique business model of wikifolio – creating financial products out of Social trading ideas which makes it very easy for investors to participate – also to Asia and the US.
Open Bank Project

Open source API and App store for banks

  • First two bank customers signed
  • Mentioned in Gartner Open Banking Hypecycle
  • Looking for bank customers
  • Looking for investors
Debitos

Germany’s first online-exchange, for trading any type of receivable for cash.

  • In the last one year, acquired 450 new customers (Buyers: 100, Sellers: 350).
  • Grew revenues 10x (1000%)
  • Mentioned in several articles e.g. „Die Welt“, „Bankmagazin“
  • Looking for contacts in restructuring and workout departments in banks.
  • Looking for motivated and entrepreneurial-minded team members with 2-5 years’ work experience (in banking)
Sharewise

Stock market community with tips and trading advice.

 

  • More than 160.000 registered users
  • Part of an international fintech group since 2013
  • Looking for partners to expand our business all over Europe.
  • For instance, companies interested in content exchange or in adding a community to their service.
TraxPay

World’s first and only B2B Dynamic Payments platform capable of executing payments and final settlement with rich data in real-time, anytime, anywhere, safely and securely.

  • Currently hiring top talent in all functional areas of the company.
  • Actively seeking data center support for their US and Asian operations.
Naqoda

Withholding Tax Engine for calculation and reporting as per German tax law

 

  • Looking to extend the solution to cover withholding tax requirements in other countries

 

JustETF

Intuitive online portfolio management application and ETF model portfolios for retail investors and financial advisors

  • justETF cracked in 2014 €1bn in virtual user assets on its DIY platform.

 

  • Looking to expand its business in the short term across Europe and in the mid term to the US. For this, we are looking for partners in the US, UK, Italy as well as brokers across Europe who are looking for DIY ETF-based solutions for their retail clients.
FinPoint

Online marketplace connecting Mittelstand firms (SMEs) to banks and alternative finance providers.

  • in Germany ~ 2,000 new SMEs with funding requests in the amount of 1.1 Billion Euros and transaction in the volume of about 220 million Euros in the last 12 months
  • FINPOINT is now represented in the UK and Austria with domestic partners

 

  • Looking for partners in the US and Asia to establish the FINPOINT SME Finance Platform in these regions

 

MoneyGarden

Personal financial planning and wealth management

 

  • Founding phase
  • Partners who can deliver market data (FX rates, ETF data) at low cost
  • Looking for investment (about 1.2 to 1.5 Mio. EUR)
  • Searching for custodian bank partners (like DAB Bank)
  • Primarily focused on the German market

Newsletter, 19 Juli – 25 Juli 2014

London-based fintech accelerator: a place for milliPay

Startupbootcamp has just announced the first cohort of 10 start-ups that will participate in the 2014 programme of its London-based fintech accelerator. The start-ups that have made the cut for the inaugural three-month mentoring program include teams from Europe, Africa and the US. From Switzerland, milliPay Systems will take part in the programme.

http://startupticker.ch/en/news/july-2014/london-based-fintech-accelerator-a-place-for-millipay?utm_source=newsletter99&utm_medium=email&utm_campaign=newsletter99#.U9LIO6OrbTo

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Newsletter, 12 Juli – 18 Juli 2014

Next Bank Europe bringt Finanzinstitutionen und Fintech Innovatoren zusammen, um die Zukunft der Finanzindustrie neu zu denken

Next Bank Europe  findet vom 18-19 September in Barcelona statt und bringt Innovatoren der Finanzindustrie zusammen, um die digitale Transformation der Branche zu thematisieren. Im Rahmen der Konferenz findet auch das europäische Finale des Startup Wettbewerbs BBVA Open Talent statt, bei dem die zwanzig Finalisten der Kategorien New Banking und Digital Life ihr Startup einem hochkarätigem Fachpublikum und der Jury präsentieren.

 

http://www.pressebox.de/pressemitteilung/round-earth-consulting/Next-Bank-Europe-bringt-Finanzinstitutionen-und-Fintech-Innovatoren-zusammen-um-die-Zukunft-der-Finanzindustrie-neu-zu-denken/boxid/690758

http://www.sourcewire.com/newsroom/RoundEarthConsulting/release/83735/financial-institutions-and-fintech-innovators-connect-at-next-bank-europe#.U8pifvmSxqW

(FinTech Forum DACH is a partner of Next Bank Europe and a judge at the BBVA Open Talent 2014.)

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Newsletter, 5 Juli – 11 Juli 2014

7 Questions with Eugene Danilkis from Mambu

  1. Who are you?

Mambu is a cloud banking platform provider. We enable innovative banking providers to rapidly create, launch and service loan and deposit products through our agile, flexible and affordable cloud banking platform. An alternative to legacy core banking software, our goal is to accelerate time to market for new consumer and SME banking products via innovative channels, at a fraction of the cost.

 

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Newsletter, 28 Juni – 4 Juli 2014

Two FinTech Startups among the eleven biggest Financing Rounds in Germany in 2014 so far

 

Auxmoney ($16 mio.) and Kreditech ($40 mio.) appeared in Gründerszene’s article covering 8-digit financing rounds in Germany in the first half of 2014, joining the likes of SoundCloud and Delivery Hero. Das waren die größten Finanzierungsrunden im ersten Halbjahr.

 

http://www.gruenderszene.de/allgemein/finanzierungsrunden-erstes-halbjahr-2014

 

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Newsletter, 21 Juni – 27 Juni 2014

FinTech Forum DACH Co-Founder Samarth Shekhar among Financial News / Wall Street Journal’s FinTech 40 “40 Leaders in FinTech”

 

Aimed to identify “the most important 40 people based in the broader European region who display influence or innovation in the emerging financial technology ecosystem”, the list includes “40 innovators shaping the future of finance” under the categories FinTech Firm, Investor, Financial Institution, Accelerator, Community and Lawyer.

The majority of the list is based in London, but includes representatives from Geneva (Sean Park, Founder & Chairman, Anthemis Group), Zürich (Oliver Bussmann, Group CIO, UBS; Manu Gupta, General Partner, Lakestar), Frankfurt (Samarth Shekhar, Co-Founder, FinTech Forum DACH), as well as Brussels, Dublin and Tel Aviv.

 

Read further: FN’s 40 Leaders in FinTech (Financial News) | 40 Innovators Shaping the Future of Finance (Wall Street Journal) | Financial News Publishes Inaugural List Of The Best And Brightest In Fintech With Fintech 40 (Dow Jones)

 

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