Newsletter 18 June 2019

FinTech Forum @Money2020 Europe | Amsterdam 2019

Now in the fourth year of our media partnership, FinTech Forum was at Money2020 Europe, 3-5 June in Amsterdam. Apart from bumping into friends and acquaintances on Day 2 we talked to some of the attendees to get a pulse of European FinTech and financial services. Happy watching and hope you enjoy the conversations!


Getsafe Raises $17M in Series A Funding

Getsafe, a Heidelberg, Germany-based insurtech company, closes a USD 17M Series A funding. The round was led by Earlybird, with participation from CommerzVentures and other existing investors.


platform Reederei Maersk invests in Berlin Fintech Modifi

Maersk Growth, the corporate venture arm of A.P. Moller-Maersk, the world’s largest container shipping company, and international investor Global Founders Capital led a funding round of €5.5m for the expansion. Picus Capital completed the round alongside existing shareholders.


7 Questions with Andrey Kryvosheiev, MPT PAY

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

My name is Andrey, I am the founder of MPT PAY digital bank for business.

I have assembled a team of specialists with experience of more than 10 years in banks and intech companies to develop and implement such an ambitious project.

Industry Sector: Payment Institution, Bank, digital escrow, retail, e-commerce, acquiring, debit  cards.


SevenVentures invests in cashback startup Getmore

SevenVentures, the equity investment of ProSiebenSat.1, invests in the Cologne-based cashback startup Getmore . The so-called “Social Selling Community”, which was launched in 2014, was founded by Harald Meurer. Through its own online store, Getmore users can recommend their “community products or services” and receive commission on sales. SevenVentures now holds 20% in Getmore.


Axel Springer takes stake in Robo Advisor Oskar

Ex-“Bild”-Zeitungschef Kai Diekmann bekommt mit seinem „Zukunftsfonds” Konkurrenz vom Ex-Arbeitgeber. Axel Springer hat sich über seine Tochter an dem digitalen Vermögensverwalter Oskar beteiligt. Der RoboAdvisor schielt vor allem auf Familien, die für ihre Kinder Geld ansparen wollen. So können hier monatlich Geldbeträge von 25 Euro investiert werden.


Bux raises additional $12.5M as it gears up to launch ‘zero-commission’ investing app

Bux, the Amsterdam-based trading app that wants to make investing fun, has picked up an additional $12.5 million in new funding. Venture capital firms Velocity Capital and Holtzbrinck Ventures led the round, which also includes debt financing from Kreos Capital. It brings total funding to $35 million since being founded over five years ago.


Estonian AI startup Realeyes raises €11 million

Realeyes, the Estonian AI solution for measuring emotions, has raised €11 million in funding, which will be used for the company to expand to the Asian market. Founded in 2007, the company has sourced a total of €28.1 million from investors in its lifetime.


Dutch fintech company Owlin inks $3.5 mln Series A

Owlin, a Dutch fintech company, has secured $3.5 million in Series A funding. The investor was Velocity Capital Fintech Ventures.


RangeForce Raises $1.5M in Seed Funding Round

RangeForce, an Estonia and New York-based cybersecurity startup, raised $1.5m in seed funding.

The round was led by Paladin Capital Group with participation from Trind Ventures. In conjunction with the funding, Gibb Witham from Paladin Capital Group will join RangeForce’s board of directors.


Open Payments Raises €1.2M in Seed Funding

Open Payments, a Stockholm, Sweden-based fintech startup, raised €1.2M in seed funding.

Backers included Brightly Ventures, Luminar Ventures, and selected angel investors, which joined Vidici Ventures.


Allianz-backed robo-adviser launches in Germany

Allianz Global Investors is backing the German launch of Moneyfarm, a UK robo-adviser, deepening the partnership between the two companies.

Currently active in the UK and Italy, Moneyfarm will give German investors access to Allianz’s actively managed funds, as part of an exclusive partnership. Beginning with a testing period, customers in Germany will have full access to the product from September.


Lemonade enters price war for German tenants and homeowners

Mit Unterstützung von Axa Deutschland nimmt das 2016 in New York an den Start gegangene Unternehmen die seit geraumer Zeit in Aussicht gestellte Expansion nach Europa in Angriff. Via App oder Website sollen Versicherungen verbraucherfreundlich abgeschlossen und Schadenmeldungen schnell und unbürokratisch bearbeitet werden – und das auch noch kostengünstig: Die Palette der Beitragsraten soll bei weniger als fünf Euro pro Monat starten und orientiert sich an den tatsächlich zu versichernden Werten.


Marko Wenthin (formerly CCO SolarisBank) is the new boss of Penta

Marko Wenthin hat die solarisBank vor mehr als sechs Monaten verlassen, bei der er als Chief Customer Officer (CCO) tätig war. Damals entschied er sich aus gesundheitlichen Gründen kürzerzutreten und sich zu erholen – nun ist er wieder da und übernimmt als neuer CEO das Banking-FinTech Penta (Website), das die KWG-Zulassung der SolarisBank nutzt (beide Finleap). Die Position des Penta-CEO war vakant, seit Lav Odorovic – seit der Akquise von Penta durch Finleap – nicht mehr im Amt war.


Upcoming Events:

Looking to connect to the European FinTech & InsurTech ecosystem? Here is a selection of events we are speaking at or attending:

Digital Insurance Agenda: 25-27 Jun. 2019, Amsterdam


FinTech Forum partners: