SDK.finance supercedes Visa in terms of API endpoints
SDK.finance, the European Core Payment Platform, supersedes Visa and other major players in terms of API endpoints.
The company was established in 2013 in the Czech Republic. SDK.finance is the Core Payment Platform wrapped into 280+ APIs. It enables payment providers, FinTech entrepreneurs, and banks to launch payment or loyalty products 5-to-10 times faster compared to current industry standards — while decreasing CAPEX by 90%.
Congratulations to SDK.finance, who presented at the 5th FinTech Forum (June 2015) in Vienna!
Munich fintech startup Payworks gets $ 14.5 million
The Fintech -startup Payworks gets 14.5 million dollars from investors. Participants in the round of financing include Commerzbank’s venture capital firm CommerzVentures and the credit card company Visa. In addition, business angels such as the former CEO of the financial company MoneyGram, Pamela Patsley, and the old
investors Speedinvest and Finparx.
Payworks offers a technical infrastructure for the processing of mobile payments. The startup’s B2B solution is aimed at payment providers such as Stripe, who can use these payments to integrate credit cards into their customers’ apps via a reader or wallet.
Money2020 Europe 2018: agenda shaping up fast!
It’s less than 6 months until Money20/20 Europe launches into its 3rd year and new home in Amsterdam. The agenda is shaping up fast and is set to cover the hottest, must-know FinTech topics in-depth. Save an extra €200 off your #M2020Eu ticket using our code 18FIFO. Book now http://ow.ly/FRag30hfhZu
AnotherBrain Raises €10M in Funding
AnotherBrain, a Paris, France-based Artificial Intelligence startup, raised €10m in funding. Backers included Alpha Intelligence Capital, Daphni, Global Founders Capital, Cathay Capital and Aglae Venture.
AnotherBrain has designed an embedded artificial intelligence solution in the form of chips, which is directly inspired by the elementary functioning of the cerebral cortex. The solution, which promises to offer AI able to learn without human supervision, works in real time, with minimal energy and data consumption. Applications include those in such markets as automotive, IoT, robotics, security, defense or personalized medicine.
The German-Luxembourgish FinTech Investify receives a double-digit million-sum
Investify, the start-up has now received tens of millions in a Series A financing round. New on board is the Hamburg Family Office Kontora . The old investors Erzbistum Berlin, the pension fund of the Bar Association of Rhineland-Palatinate and several business angels put money back into the company.
Founded in 2015, Investify offers digital asset management in the form of index funds. However, Investify aims to differentiate itself from its competitors by giving it greater individualization by allowing customers to identify topics that are particularly important to them, such as sustainability, robotics or ethical investments.
Siren Closes €3M Funding Round
Siren, a Galway, Ireland-based provider of semantic data investigation technology, raised €3M in seed funding. The round was led by the Atlantic Bridge University Fund.
Siren has developed a platform that allows customers to leverage relationships across multiple data sets, enabling three distinct types of data intelligence: operational intelligence (e.g. system monitoring, cybersecurity, process monitoring), research intelligence (e.g. discovery of trading opportunities, life sciences drug research, KYC and counterparty risk management) and fraud intelligence (used by police, state security services, regulators and compliance teams).
BitPesa Acquires European Money Transfer Service TransferZero
BitPesa, a blockchain payments platform for Africa, announced on Wednesday it has acquired European money transfer service, TransferZero.
BitPesa then reported that under the acquisition, TransferZero will continue to operate under the same brand name and all of its employees will stay with BitPesa. The headquarter will remain in Madrid.
BinckBank and Raisin announce close corporation to disrupt Dutch savings market
BinckBank N.V. will be the first in the Dutch banking sector to offer its clients access to European savings products via its cooperation with Raisin, the leading provider of simple savings and investment products. BinckBank launched its new product “Binck Savings” (in Dutch: Binck Sparen), enabling Dutch savers to deposit funds with selected European partner banks that offer attractive interest rates on their term deposits.
Insurtechs: Friendsurance cooperates with several fintechs
In order to be able to offer its customers more user-friendly insurance solutions, the Berlin-based Insurtech company Friendsurance is cooperating with Bonify, Fino, and Savedroid.
As part of the collaborations, Friendsurance’s service will be integrated into the respective Bonify, Fino and Savedroid platforms, adding value.
Finleap launches next bank fintech Infinitec Solutions
The company, “Infinitec Solutions,” is a B2B vendor designed to support traditional financial service providers on a “software as a service” basis in digitizing their corporate business.
Infinitec itself is not a bank, but a technology platform that ordinary banks can integrate into their own online offering as a whitelabel solution.
Sascha Dewald becomes new CEO at FinReach
Sascha Dewald is now the new Chief Executive Officer (CEO) of the Europe-wide operating software provider FinReach. Dewald, who was previously CFO of FinReach with a focus on sales and internationalization, succeeds Dr. med. Matthias Eireiner, who leaves the company at the end of the month.
FinTecSystems launches “abrapay” for abracar
The second-hand car broker abracar (subsidiary of the Allianz Group) with the help of FinTecSystems, launched its own payment solution Abrapay. Abrapay is a fast and secure online payment when buying a car.
The buyer selects abrapay as a payment method and logs after entering bank code or bank name in his online banking account (with PIN). There, the already pre-filled online transfer slip is released with the TAN; and buyers and sellers get a real-time confirmation from abracar that the money is on their way. This payment initiation is handled technically by FinTecSystems.
Bankomo offers cash withdrawals via Barzahlen
Reisebank customers with a smartphone account Bankomo can withdraw and deposit money through a cooperation with Barzahlen for a fee in the retail sector.