Newsletter: 17th Nov. 2017

EclectIQ raises €14M, Treasury Intelligence Solutions raises $12M, Last chance to avail WeWork’s 15% discount,  Interviews with FinCompare, Qumram etc.

Amsterdam-based EclecticIQ secures €14 million 

EclecticIQ, the global provider of Cyber Threat Intelligence technology solutions and Fusion Center operator today announced a Series B investment of €14 million. The current investment makes EclecticIQ one of the best-funded cyber security scale-ups in Europe.

Treasury Intelligence Solutions raises $12M

Treasury Intelligence Solutions GmbH (TIS), a Germany based provider of a cloud platform for managing corporate payments and cash flows, raised $12m in additional financing. The venture capital firm 83North has joined the previous investors with the current funding round.

Ad: WeWork Goetheplatz / Frankfurt: last chance to get 15% off for 12 months

WeWork Goetheplatz is going to open it’s doors on December 1st and change the way people work in Frankfurt. There are last spaces left starting from 3.700€ for an 8 person office with all amenities included. Only for FinTech Forum members WeWork offers an amazing deal: -15% off for 12 months if you sign before December 1st, 2017! Book a tour here.

Vade Secure Raises $12M in funding

Vade Secure, a Hem, France-based SaaS predictive email defense platform, closed a $12m funding round. The company intends to use the funds to accelerate international growth, particularly in North America and Japan, and continue innovation.

Berlin-based Neufund raises nearly $12 million in funding

Berlin-based Neufund said it has raised 10 million euros ($11.6 million) from private investors for its fund-raising platform. The company is the first ever to allow companies to issue a token or digital currency that will represent equity.

Verivox acquires Outbank

The comparison portal Verivox has acquired Outbank. Outbank cooperated with Verivox allowing users to deposit all recurring issues, and the Outbank app would use Verivox’s price comparison data to suggest savings. The company’s change of strategy did not prevent the bankruptcy, but made Outbank a logical takeover candidate for Verivox.

7 Questions with Stephan Heller, Founder of FinCompare GmbH

1. Who are you? I’m Stephan, Founder and CEO of FinCompare – a fintech platform for SMEs to find, compare and close financing options from over 200 lenders. This is my second startup. Previously I founded which is Europe’s largest online marketplace for luxury watches.

Journey to Exit: with Mathias Wegmüller of Qumram

Our new series “European FinTech Journeys” showcases European FinTechs’ journey to a funding, exit or closure – and the blood, sweat and tears in between! We are proud to launch this series with Qumram, a FinTech Forum alumnus which was acquired last week by Dynatrace.

Robo Advisor Ginmon to cooperate with Chinese financial institution Everbright

The Robo Advisor Ginmon has started a cooperation with the Beijing financial institution China Everbright. The company will offer its customers the digital asset management of Ginmon, making it the first German provider to expand its sales strategy to China.

N26 launches Apple Pay

Launch of Apple Pay in France took place at N26 in October.The services are not available to the German N26 customers. The cards of German customers can not be added, even if the App Store is switched to the country code France.

The Frankfurt Fintech Debitos to expand into other European markets

Debitos is the first European fintech to specialize in selling distressed debt. It has set up a new joint venture with independent Spanish investment bank Beka Finance to help banks, funds and companies in Spain and Portugal immediately sell their outstanding debts and illiquid loans through an auction-based online marketplace.

FinCompare introduces digital sales financing solution

FinCompare, the leading digital financing platform for German SMEs, is further expanding its sales financing business. FinCompare responds to the increased customer demand in the leasing of capital goods (eg commercial vehicles such as mini excavators, telescopic loaders, tractor units and machinery and equipment such as CNC milling and server equipment) and digitized the entire process, from comparison of offers to the online contract.

Daimler Financial Services establishes “Startup Intelligence Center” 

Daimler Financial Services has set up a “Startup Intelligence Center” (SIC) to promote cooperation and partnerships with start-ups from the mobility, fintech and insurtech sectors, as well as providing promising candidates with access to financial support.

Fintech startup Revolut applying for banking license

Revolut, a fintech startup is applying for a banking license in Lithuania. the startup expects to get its license at some point during the first half of 2018.