Newsletter 16 July 2019

Frankfurt-based fintech BITA raises €1.25 million for its index-based investment software

One of Germany’s fastest growing fintech companies, BITA has raised €1.25 million from a group of local and international investors to accelerate sales and invest in R&D. The funding came from the newly founded German VC fund Futury Ventures, Dutch VC fund Volta Ventures, and Belgian investor Michel Akkermans.

Congratulations to FinTech Forum alumnus BITA, who presented at the 10th FinTech Forum (Nov. 2018). 


Check out the first set of startups and investors at 11th FinTech Forum (21st Nov. 2019 im Frankfurt) and register/ apply:


7 Questions with Kai H. Kuljurgis,

1. Please tell us a bit about yourself, both at work and leisure.

I am 30 years old and I am born and raised in OWL, where we are also located with coindex® now. I started off in a family-run business and worked in management consultancy for 8 years. For around 6 years I am involved with startups, but I never lost my connection to the corporate world. I wouldn’t see myself as the insurgent disruptor, but rather interested in bringing together big corporations with small and agile startups. I am married and I love beautiful things such as books, movies, self build bikes, gadgets as well as doing various forms of sports.


France’s Joko FinTech Gets €1.6M To Help Consumers Earn Credit Card Rewards

French startup Joko announced that it has raised €1.6 million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop its loyalty program integrated into credit or debit cards.


Smartphone bank N26 starts in the USA

Die Berliner Smartphonebank N26 hat am Donnerstag den Start ihres US-Geschäfts bekannt gegeben. Zunächst soll das Angebot nach und nach für 100.000 Personen geöffnet werden, die sich auf einer Warteliste eingetragen haben. Für den Spätsommer sei die Öffnung für weitere Kunden geplant.


Wirecard Announces Strategic Partnership With CreditPilot to Drive Digital Financial Services to Mobile Network Operators & Retailers

Germany-based global provider of digital payments and commerce solutions Wirecardannounced on Thursday it has formed a new partnership with banking and B2B2C-focused fintech CreditPilot to continue growth and development of digital financial services for mobile network operators and retailers.


Lidl builds its own payment system

Der Discounter Lidl will ein eigenes Bezahlsystem über Smartphones aufbauen. Unter dem Namen „Lidl Pay“ soll das System in ganz Europa eingeführt werden. In Deutschland ist noch kein genauer Termin bekannt. In Spanien ist Lidl damit schon gestartet. Dort soll zunächst getestet werden, wie gut das Bezahlsystem bei den Kunden ankommt.