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 them to roll out their digital transformation strategy.
Congratulations to FinTech Forum alumnus Contovista, on the panel discussion “FinTech: Back to B2B?” of the 9th FinTech Forum (Sep. 2017). Also read our 7 Questions with Gian Reto à Porta from Contovista
FinTech Germany Awards: apply by tomorrow (16th April 2018)!
FinTechs can free to apply for an award in the categories of seed / early stage, late stage, Growth Stage and “Best Foreign New Entrant to Germany” until 16 April 2018th. The application form is available for download here.
Questions should be directed to firstname.lastname@example.org
Fidor and IFC partner to expand digital financial inclusion in developing markets
Fidor, an innovative provider of digital banking services, today signed a Memorandum of Understanding (MOU) with IFC (International Finance Corporation), a member of the World Bank Group, to identify opportunities to expand digital banking services in Africa and Latin America to boost financial inclusion.
Fintech companies MyBucks and Naga to form an alliance
Fintechs MyBucks SA and Naga Group AG are about to enter into a strategic partnership that would combine Naga’s crypto currency with the Luxembourg company’s mobile payment solutions for the African market.
British Fintechs ante portas: UK startups target the German market
Fintechs from the UK are exploring the framework conditions and opportunities on the German market, focusing on the Rhine-Main region and in particular the Frankfurt location.
Read the complete article here
Awamo runs their business in Uganda
Start-up wants to become the micro-finance SCHUF of Uganda. Microcredit serves the unbanked or under-banked markets of Africa, Asia or South America as the source for investments into innovation and entrepreneurship. Awamo is …
Henning vorm Walde (38) takes over savings bank joint venture GIZS
GIZS, which was founded by the Sparkassen-Finanzgruppe for participation in paydirekt, the online payment method of the German savings banks and banks, will be run by Henning vorm Walde (38) as of 1 May 2018. As the member of the management board, Henning vom Walde has already been part of GIZS since Jan. 2018…He succeeds Frank Schwab (48), who had led GIZS since January 2016. Schwab wants to face new challenges at its own request, it is said.
Robo consultant Growney cooperates with Signal Iduna
The Berlin-based Robo Advisor Growney works with Signal Iduna. The Hamburg-based insurance group is thus expanding its asset management arm by selling fund products via the fintech’s online platform in the future.
Ecological smartphone bank Tomorrow wants to launch in June
Tomorrow’s financial services and products are intended to promote renewable energies and organic farming, and to finance “social business” ideas. Simplified, you could say that Tomorrow is a mixture of N26 and the eco-institute GLS Bank. Tomorrow does not have its own banking license. All banking services are provided by Berliner Solarisbank, which is under the supervision of Bafin .
In June, customers should be able to access a mobile checking account and a debit card as a first step . Later, a comprehensive financial platform will emerge, offering, for example, the opportunity to invest in ecological funds.
FINANZCHECK.de opens the cheapest credit branch in Germany
The cheapest credit branch of Germany has opened and is a response to the keen interest of our own customers to be able to be advised locally by our loan specialists. The store at Bleichenbrücke 11 is indeed the cheapest lending branch, because compared to 2012, the interest rates we have received have fallen by an average of 50%. In addition, this year, with an average interest rate of 2.98%, we were able to broker loans already 48% cheaper than the national average. According to the interest rate statistics of the Deutsche Bundesbank in 2017, this was 5.77%.
An Average Record Quarter – German FinTech VC Q1 2018
Equity investments in Q1 reached a new record high at €295m, more than doubling qoq and up more 44% over Q1 2017, the quarterly average since 2012 is €162m, Q2 2016 was the previous record at €264m
Number of equity deals in Q1 came in at 28, one deal lower qoq but a steep 30% decline of 30% vs Q1 2017, the latter is, however, a tough comparable benefiting from some overlay of Q4 2016, the quarterly average since 2012 stands at 29 deals
Crypto-VC IOB Invests in German Robo Advisor Fundamental Capital
Fundamental Capital, based in Germany, is an online asset manager specializing in using algorithms to help individuals invest in securities. Today, the Robo-advisor has announced that IOB , a US based crypto focused VC, has invested in the platform.
IOB seeks to back regulated and compliant Blockchain based companies. Additionally, IOB is seeking to create a multi-jurisdiction-compliant, and secure financial blockchain, the ONE Finance Network (the Mesh). This will help promote an international ICO standard.
CyberDirekt gets 1.2 million donated to start
Berlin Technologie Holding (BTH) and several unnamed business angels are investing 1.2 million euros in CyberDirekt, a brand new platform for advising, comparing and completing cyber insurance. The startup was started by Hanno Pingsmann.
InsurTech Neodigital insurance launches white label solutions, among other things.
InsurTech Neodigital insurance was founded in December 2016 and took only eight months to obtain BaFin approval under section 8 I of the Insurance Supervision Act for property and casualty insurance. Now the digital insurer is launching the marketing of insurance products via independent sales partners. First, private liability, animal owners liability, household effects and accident should come.
Digitization of accounting: Holvi announces cooperation with eifas
Holvi, Europe’s first digital banking service for the self-employed, today announced its cooperation with eifas, the full-service provider for finance and administration. The aim of the cooperation is to offer small companies and freelancers an uncomplicated and simple all-in-one solution for banking and accounting processes.