Newsletter: 6 Aug 2018


FinTech Forum’s 5th anniversary edition- announcing further startups and partners

We are proud to welcome Börsen Zeitung (media partner), advinda Investor Cloud and Innogy Innovation Hub to the FinTech Forum partner community! Congratulations to five new startups selected to present at the 10th FinTech Forum on 22nd Nov. 2018: XTECH, Fractal, RYSKEX, finbc and a startup in stealth mode. Learn more about them / register here:


Grover raises €37M Series A to offer latest tech products as a subscription

Grover, the Berlin-based startup that offers “pay-as-you-go” subscriptions to the latest consumer tech as an alternative to owning products outright, has raised €37 million in funding.

The Series A round is led by Circularity Capital LLP — a VC that specialises in the so-called “circular economy” — with participation from fintech investor Coparion, Samsung NEXT, and Varengold Bank.


Munich-based Fintech Givve sold for 20 Million Euro

Das Münchner Fintech Givve hat einen neuen Besitzer: Die Up Group, die in Deutschland als Up Cadhoc auftritt, kauft 100 Prozent der Unternehmensanteile. 20 Millionen Euro hat die Up Group für das Unternehmen gezahlt.


Sparkasse to take on Google Pay with new app

Germany’s huge network of public sector Sparkassen savings banks will on Monday launch its own mobile payment app, taking on Google Pay in a country where cash is still king.

The service, which lets customers make contactless payments using just their smartphones, will initially be available only on Android, not iPhones, and comes a month after rival app Google Pay made its debut in Europe’s top economy.


FinLeap establishes Fintech platforms for expansive financial cooperation

FinLeap establishes the B2B2X platforms Finreach Solutions and Infinitec Solutions for contextual finance. The new platform systems enable FinLeap’s cooperation partners to combine bundled solutions and all-in-one solutions with Fintechs, financial products and value-added services in a modular building set to form a digital financial company.


7 Questions with Oliver Werneyer, Co-Founder & CEO of Imburse

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

Imburse is a motivated team of 5 from Zurich, Switzerland…Imburse has one focus “Empower our clients to transact with clients with minimal IT integration work”. We provide a single integration point for corporates to connect with to be able to collect and pay out money in any market, any currency, via any technology with any partner

Imburse is among the startups selected to present at the 10th FinTech Forum / 5th Anniversary Edition on 22nd Nov. 2018 in Frankfurt. Learn more here.

VCXO Briefing with Ragnar Jongen, DN Capital

1. Tell us a bit about yourself and your focus area(s) within FinTech?

Dutch, lived across Europe. Done academic research on blockchain and crowdfunding.DN investments in remittances, instalment loans, factoring.


Exchange-listed Italian firm Banca Sistema cooperates with Open-Banking Platform Deposit Solutions

Banca Sistema, ein börsennotiertes Finanzinstitut, das sich auf die Finanzierung und Verwaltung von Handelsforderungen der öffentlichen Verwaltung Italiens spezialisiert hat, arbeitet nun mit Deposit Solutions, dem führenden Anbieter von Open-Banking-Lösungen für Einlagenprodukte, zusammen.


Dutch Fintech Five Degrees Announces Acquisition of Iceland-based Core Banking IT Systems Provider Libra

Five Degrees, a Netherlands-based fintech, announced on Thursday it has acquired Libra, a provider of core banking IT systems in the financial sector in Iceland. Five Degrees reported that the acquisition boosts its international growth ambitions, enabling the company to offer its full-service proposition of digital banking solutions, supporting financials worldwide to meet modern standards.