Newsletter: 18th June 2018

Check out the startups and partners for FinTech Forum’s 5th Anniversary Edition

We are pleased to announce the first set of startups selected to present at #5YFTF,

FinTech Forum’s 5th Anniversary Edition taking place on 22nd Nov. 2018: ForexFix,BITA,CrowdDeskImburse Payments and Neon Banking. We are also proud to welcomeMiles & More to the FinTech Forum partner community. Read more about them and their FinTech initiatives here.

Coya raises $30 million to launch its insurance service in Europe

Coya, a Berlin-based insurance startup, has raised $30 million in new cash as investors around the world continue to see opportunities in modernizing the insurance industry.

The company has raised a total of $40 million for its service from investors, including Valar Ventures (the Peter Thiel-backed investment firm), eVentures, La Famiglia and a slew of angel investors.

With the money, Coya hopes to establish its footprint in its first market — Germany — before expanding to the rest of Europe.


Vienna-based fintech startup cashpresso closes €3.5 million in a Series A funding round

Vienna-based fintech startup cashpresso raises €3.5 million to expand its e-commerce consumer financing service. The three founders convinced the existing investors plus Hevella Capital as new investor with their vision to further develop its sustainable growth path.

cashpresso links customers, merchants and banks to offer consumer finance. 
The startup gives customers choice in how to pay for purchases, be it in full or in instalments, now or later. For merchants, cashpresso helps to convert more traffic to buy more.


VCXO Briefing with Julian Mattes of Digital+ Partners

1. Tell us a bit about yourself and your focus areas, overall and within FinTech

I’m an Investment Manager at Digital+ Partners, a USD 400mn growth equity fund. We invest in B2B technology companies with a particular focus on FinTech and IndustrialTech start-ups. We differentiate ourselves through our vertical domain expertise and deep corporate network, particularly in the European financial services market. Before joining Digital+ Partners, I worked 6 years for McKinsey and 3 years in leadership positions at Deutsche Bank and Commerzbank, previously as head of payments & deposits at Commerzbank.


Millionenfinanzierung für Carl: Startup für Unternehmensverkäufe sammelt siebenstelligen Betrag in Finanzierungsrunde ein

Carl, Plattform für Unternehmensverkäufe und Nachfolgen, hat in seiner Seed-Finanzierungsrunde Anfang 2018 einen niedrig-siebenstelligen Betrag eingesammelt. Zu den Investoren zählen die Business Angel-Gruppe SB21, German Ventures sowie weitere führende Szene-Köpfe. Damit sind die Weichen für ein fortbleibend starkes Wachstum gesetzt.


Alior, solarisBank, Raisin And Mastercard Partner On European Digital Bank

The Poland-based Alior Bank is teaming up with solarisBank, Raisin, and Mastercard to roll out a digital bank in Europe open to all European Union residents. Alior Bank will provide multicurrency accounts with international transfers and deposits, while solarisBank will provide the banking infrastructure; Raisin, via its network of partner banks, will provide savings and investment products for the digital bank.


Insurtech-Startup Wefox auf der Suche nach mindestens 180 Millionen Dollar

Mit viel Geld soll der Sprung ins europäische Ausland gelingen: Die Maklerplattform sucht neue Investoren. Es wäre die bislang größte deutsche Insurtech-Finanzierung.


Cologne-based fintech startup nextmarkets raises €6 million and launches ‘real-money offer’

The Cologne-based fintech startup nextmarkets today announces the closing of its Series A financing round, in which, in addition to existing shareholders FinLab, Peter Thiel and Falk Strascheg, new investors Axel Springer, Cryptology Asset Group and British hedge fund manager Alan Howard are investing in total €6 million.


Solarisbank AG seeks to reach a monthly break-even

Berlin-based Solarisbank AG wants to reach a break-even on a monthly basis by the end of next year, CEO Roland Folz said in an interview with Bloomberg News.

“Until then, we do not plan any further rounds of financing to keep all options open for our shareholders, including a profitable ‘keep it up’, additional investments or also an IPO,” he said.


N26 lands in Barcelona to open a second European office

N26 announced that they will open a second European office in Barcelona – in order to accelerate the international growth while also better consolidating the company’s presence across the Eurozone. N26 is Europe’s mobile banking pioneer and was founded in 2013. The initial product was launched in 2015. Today, N26 operates in 17 European countries and already employs over 400 people. The Berlin-based fintech heavyweight has raised more than $215 million in venture capital.


N26 launches a revised metal card

Fintech startup N26 is updating its N26  Metal product and launching it. At an event in Berlin, the company announced a revised version of N26 Metal. For around €15 per month, you get all the advantages of N26 Black as well as partner offerings. These offerings include the basic $45 per month WeWork subscription so that you can access a WeWork office for free for one day per month and pay for extra days.


Garmin Pay ab sofort in Deutschland verfügbar

Kooperation mit VIMpay und Mastercard bringt kontaktloses Bezahlen per Garmin-Smartwatch nach Deutschland. Einfache, sichere und bankenunabhängige Lösung via Garmin Connect und VIMpay App.


Zinsland will mit Henning Frank 30% mehr einwerben

Der Online-Immobilienfinanzierer Zinsland hat mit Henning Frank einen dritten Geschäftsführer verpflichtet. Er soll helfen, die bisher eingeworbene Gesamtsumme von 36 Mio. Euro binnen der kommenden sechs Monate um 30% zu steigern – etwa mit Anleihen. Frank wurde auf dem jüngsten Crowdfunding-Projekt vorgestellt: dem Hamburger Hafenkran Hideaway.