Newsletter: 1st Dec. 2017

FinTecSystems raises €4.5M, Deposit Solutions closes $20M, PikcioChain raises $6M, Credit Suisse takes stake in TradePlus24, Journey to Funding with FinTecSystems etc.

FinTecSystems scores EUR4.5 million investment
FinTecSystems, specialist for digital credit assessments and banking API provider, completed its series B financing round with a transaction volume of 4.5 million euros. The round is led by the Family Office Reimann Investors, entering as an anchor investor. The existing investors Ventech (France) and LITTLEROCK will increase their investment significantly.

Congratulations to FinTecSystems, who presented at the 6thFinTech Forum (Nov. 2015). Read our interview Journey to Funding: with Dirk Rudolf of FinTecSystems.

Deposit Solutions closes $20 million investment round
Deposit Solutions, the Open Banking platform for deposits, today announces that it has closed an investment round led by existing shareholders and Greycroft.

PikcioChain Secures US$6M in Funding
PikcioChain secured over US$6m in funding. It provides a blockchain-based exchange for personal data for financial and medical services, insurance, and marketing companies to trade data in full compliance with the wishes of the data owner and the relevant regulatory environment.

Credit Suisse Buys Majority Stake in Fintech Firm Tradeplus24
The lender’s VC investment arm, has bought a majority stake in Tradeplus24. The start-up will use the new capital to further scale-up support and delivery of its automated lending solution.

Berlin TaxTech service receives 4.8 million dolars
Capnamic Ventures and PROfounders Capital invest 4 million euros in the Berlin start-up wundertax. The young company has several platforms that help users with their tax returns, which are targeted at specific people and occupational groups.

Deutsche Bank launches Robo advisor  “Robin”
Deutsche Bank becomes the first major bank in Germany to have its own Robo Advisor live. The digital asset manager, which was announced for the late summer , is called “Robin” and has been unlocked earlier this week.

Allianz’s incubator changing its startup strategy to invests only 
The Allianz X derivative, which emerged from the Allianz Digital Accelerator, completely abandons its incubator approach and will now only invest in startups. The focus of investment is across the five ecosystems of mobility, connected buildings, connected health, wealth management and retirement, and data intelligence and cybersecurity. 

FinReach expands to Austria and Spain
FinReach establishes itself as a leading software service provider on the international B2B financial market by expanding into Austria and Spain, other EU countries will follow in 2018.

LATTICE80, World’s Largest Fintech Hub, Partners with Germany’s IOTA on New Innovation Lab
LATTICE80, a Singapore based Fintech hub that is the largest of its kind, has partnered with IOTA Foundation to open up a new innovation lab in Singapore.

Dutch Private Equity Firm Robeco Launches Fintech Equities Fund
Dutch private equity firm Robeco announced on Monday it has launched the Robeco Global Fintech Equities Fund, which invests in stocks of listed companies that benefit from increasing digitization of the financial sector. Robeco claims it is one of the first asset managers to launch an actively managed fund that only invests in listed fintech companies and which is available to wholesale/retail investors.