Event Summary: FTF On Tour | UK FinTech meets Germany
In partnership with the Department of International Trade, the British Embassy Berlin and Frankfurt Main Finance, TechFluence organises the FTF On Tour | UK FinTech meets Germany, bringing together top-notch UK FinTech startups addressing “real and present” challenges and opportunities for German banks.
Giroxx collects capital
The Frankfurt company Giroxx has achieved another milestone: FinTech successfully concluded a financing round of EUR 900,000. “With this investment, we can further expand our products, our sales and IT”, say the founders Klaus Hoffmann and Jörg Sonnenschein. “Transfers in foreign currencies have been complex and expensive, especially for small and medium-sized companies. We will change that with our offer “.
VCXO Rapidfire with Aman Ghei of Finch Capital
Tell us a bit about yourself. I am an investor with Finch Capital (formerly Orange Growth Capital). Previously I’ve spent time at Facebook where I was involved with their audience network and distribution platforms.
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Blockchain for Deutsche Börse
Deutsche Börse AG plans to use a blockchain solution in the future. To this end, the company wants to develop a system with which the securities processing can be carried out more efficiently. With the new system, the processes should be faster, more transparent and therefore more efficient.
220-year-old Hamburg bank checks Robo consulting for companies
The 220-year-old Hamburg-based bank M.M.Warburg & CO, which has also been addressing private customers with a smaller purse with its online asset management service for several months now, will probably expand this offering to semi-institutional customers in 2018. This is what investment director Christian Jasperneite says.
Börse cooperates with fintech companies
The Stuttgart Stock Exchange is the largest floor trading venue for Exchange Traded Funds (ETFs). The investment volume of ETFs has risen steadily in recent years. The digitalization of the financial industry is accelerating this trend. Now, the Stuttgart Stock Exchange wants to expand the service offering by a service as part of a cooperation. They are now offering access to Ginmon’s digital asset management. It is the first cooperation of a stock exchange and a digital asset manager.
Saga lands $30 million to create a new breed of stable cryptocurrency
Saga, landed $30 million to fund the creation of a new, stable cryptocurrency. It is aiming to be the first non-anonymous, non-volatile cryptocurrency. The Switzerland-based company believes there needs to be a balance struck between the privacy of its users and the responsibilities of regulators. Saga will use a formal Know Your Customer (KYC) banking process for every participant, which immediately makes it unique. To remove the volatility associated with other cryptocurrencies, Saga is backed by a variable fractional reserve that is anchored to the International Monetary Fund’s Special Drawing Right (SDR).
Finland-based Valohai secures $1.8 million to help industries accelerate progress in machine learning
Valohai, a machine learning (ML) platform-as-a-service company, has raised $1.8 million in funding to help international companies accelerate machine learning development and scale their model deployment. The round was led by Nordic seed stage investment company Superhero Capital, with participation from Reaktor Ventures and Business Finland, the Finnish Funding Agency for Innovation.
Zinsportal launches ETF portfolios
To date, Fintech Weltsparen has brokered overnight and time deposit accounts for EU banks. With the help of Vanguard, ETF depots are now also available.