Paris-based Shift Technology raises €53 million Series C for its AI solution to detect insurance fraud
Paris-based Shift Technology provides AI-based fraud detection and claims automation solutions for the global insurance industry. The startup has just raised a €53 million in a Series C round, bringing total investment in the company to €88 million. The round was led by Bessemer Venture Partners with participation from existing investors including Accel, General Catalyst and Iris Capital.
Calling European FinTechs: apply for the 11th FinTech Forum
Applications for the 11th FinTech Forum are now open! Over 19 events, 290+ startups on stage, 1200+ participanst frominvestors and financial institutions. FTF alumni have raised $310mn+ in funding and resulted in exits worth $300mn+ as of end-2017. Check out our alumni and completed events. Startups: please email email@example.com to apply. Others may register directly at https://ftf11.eventbrite.com
7 questions with Julian Mattes, Digital+ Partners
1. Tell us a bit about yourself and your focus areas, overall and within FinTech
I’m a Principal at Digital+ Partners, a USD 400mn growth equity fund. We invest in enterprise B2B technology companies with a particular focus on FinTech and IndustrialTech start-ups. We differentiate ourselves through our vertical domain expertise and deep corporate network, particularly in the European financial services market. Before joining Digital+ Partners, I worked at McKinsey and in leadership positions at Deutsche Bank and Commerzbank, previously as head of payments & deposits at Commerzbank.
figo and finreach solutions join forces
Banking service provider, figo, and fintech platform finreach solutions, laid the groundwork on March 4th for their plans to henceforth operate as one company, subject to the approval of the Federal Financial Supervisory Authority (BaFin). The planned merger of the fintech companies, both nationally and internationally successful, is proceeding as a merger of equals. The consolidation of figo and finreach solutions is the logical result of a pre -existing, long-lasting partnership. Both companies are pioneers in their respective sectors, as they have developed into leading service providers. Together, they will reach a new level in the European market.
FinTecSystems receives BaFin permission as an account information and payment initiation service
FinTecSystems hat am 01. März 2019 die BaFin-Erlaubnis als Kontoinformationsdienst sowie als Zahlungsauslösedienst erhalten. Im Wettstreit der FinTechs können die Münchner nun ihre Dienstleistungen von der digitalen Bankauskunft bis zur Zahlungsinitiierung reguliert anbieten.
Börse Stuttgart announces app for crypto-currency trading
Die Börse Stuttgart hat über ihr Tochterunternehmen Sowa Labs eine App angekündigt, die den Handel mit Kryptogeld ganz einfach machen soll. Im September soll die “Bison“ genannte App startbereit sein – es ist die “weltweit erste Krypto-App, hinter der eine traditionelle Wertpapierbörse steht“, heißt es in der Mitteilung. Zu Beginn werden Bitcoin, Ether, Litecoin und Ripple handelbar sein, weitere Währungen sollen folgen. Aktuell sei die App noch ein Prototyp.
Bauer Media Group Acquires CrediMarket
Bauer Media Group has acquired CrediMarket, a Spanish ecommerce platform for financial products. This acquisition is Bauer’s first move into the Spanish OCP (Online Comparison Platform) market.
Money2020 Europe is back in Amsterdam:
An unmissable event for the smartest visionaries and innovators, Money20/20 is the destination where the payments, FinTech and Financial Services communities come together to connect and build the future of money. From industry institutions to up-and-coming innovators, everyone is here, every time. Businesses come together to explore unique regional insight and trailblazing enterprise, seizing the opportunity to meet the person or land the deal that will change the trajectory of their business. Join us in Amsterdam this June.
RGAX Big Ideas competition- calling InsurTechs on 27th Mar. in Berlin
How would Europe’s top start-ups and boldest entrepreneurs transform the life insurance, health insurance, or retirement industry? We are on a mission to find out. The #RGAXBigIdeas competition is back and looking for ideas that will unlock new potential in our industry. Did we mention the winner will receive a cash prize of 10.000€? Now accepting submissions here: http://www.bigideas.rgax.com
FinTech Forum partners: