FTF alumnus Qumram acquired by Dynatrace, Monzo raises $93M, N26 announces expansion to US and UK, WeWork Frankfurt exclusive offer etc.
Check out the latest German FinTech Scorecard (status: 31st Oct. 2017) http://www.fintechforum.de/scorecard/
Digital performance firm Dynatrace acquires Qumram
Digital performance management company Dynatrace has acquired Qumram, a digital interaction audit solutions provider, for an undisclosed amount. With the addition of Qumram’s technology and intellectual property, Dynatrace says it will provide the ability to visually replay a user session within its existing platform.
Monzo raises $93 million in funding
Monzo, a U.K.-based startup building a mobile-first banking service, has raised £71 million ($93 million) in a round of funding from Stripe, Goodwater Capital, Sequoia’s Michael Moritz, Passion Capital, Thrive Capital, and Orange Digital Ventures.
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Berlin startup bank N26 announces expansion to US and UK
The Berlin startup bank N26 announced just expansion into the US and the UK. However, in order to be able to take off in the two new markets, N26 will need such high investments. Because in the US, the startup is still unknown even in the digital scene. And in Britain, several bankers are fighting for the favor of a young, digital affinity audience.
Cringle cooperates with the Consorsbank
Fintech start-up Cringle presents Consorsbank, a new cooperation partner for its mobile P2P payment system. Cringle facilitates the transfer of smaller amounts of money in everyday life between friends and acquaintances. For a transfer only the phone number of the recipient is required, provided that he has registered with his bank details.
Fintech Fundamental Capital to be online asset manager after acquiring the Bafin license for financial portfolio management.
Fintech Fundamental Capital will be an online asset manager with immediate effect after acquiring the Bafin license for financial portfolio management. From 50,000 euros, interested parties can access the digital value investment strategies.
Silicon Valley Bank (SVB) to enter German market
Silicon Valley Bank (SVB) is about to enter the market in Germany. Silicon Valley Bank (SVB)’s main business is lending. According to SVB figures, about 94 percent of the funds flow into larger high-growth companies and six percent into start-ups.
UK Fintech Cashplus Announces Banking License Plans
UK-based fintech Cashplus announced on Thursday it is currently seeking to receive its banking license. The company, formerly known as Advanced Payments Solution, now seeks to evolve the current banking system. It offers financial services, prepaid cards and accounts, business accounts and consumer debit accounts.