News

Newsletter, 22 Januar – 27 Januar 2017

Raisin raises €30 million

European financial deposit marketplace Raisin has closed a €30 million Series C financing with a goal of expanding into new markets and broadening its product based beyond savings accounts to encompass new investment opportunities. The round was led by US-based Thrive Capital …with participation of Raisin’s existing investors Palo-Alto-based Ribbit Capital and Index Ventures.

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CANDIS receives next seven digit financing for its automated accounting solution.

Venture Capitalist Speedinvest invests together with Commerzbank`s subsidiary main incubator, 42CAP and existing investors Point Nine Capital, Fly Ventures, 10x and Business Angel Sebastian Kotzwander in the Berlin-based SaaS-company CANDIS…The technology developed by CANDIS automates accounting processes through machine learning.

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European Telecoms‘ Financial Services moves in 2016

Following our first post „Why we are launching FinTech meets Telecom“ about deal activity and PSD2-driven opportunities at the crossroads of European Financial Services and Telecoms, we wrapped up the year with the above map of European Telecoms‘ financial services moves in 2016. We also announced the first set of startup and leading panelists from Lebara Financial Services, Telefonica and Telenor banka.

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Advent and Bain agree deal to buy Concardis

Advent International and Bain Capital Private Equity are to acquire German payment processor Concardis from its consortium of bank owners. Originally focused on connecting retailers to credit card systems, the thirty year old company has recently been expanding its suite of services across the payments value chain to cover new developments in mobile and e-commerce for its 110,00 merchant customers.

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Unbundling European Finance – Weekly FinTech Deal Map

Which are the investments, M&A and partnerships unbundling European financial services? Our FinTech Deal Map provides a quick overview.

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Traxpay to lead NORD/LB digitization strategy

B2B finance automation company Traxpay announced this week it will lead the digitization strategy for German wholesale bank NORD/LB. The collaboration allows NORD/LB to streamline its supply chain financing services via a direct plug-in to customer ERP systems and produce accelerated response times, transparency, flexibility, and administrative efficiencies.

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Siemens partners with Scalable Capital for employee benefits

… Siemens Private Finance (SPF), the German electronics giant’s financial division, has partnered with German- and UK-based robo-advisor Scalable Capital to offer the fintech’s services as an investment benefit to its current and former employees and their dependents, according to a press release seen by BI Intelligence.

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Deal falls through! Spanische Bank turns down Lendico

Lendico kommt offenbar weiter nicht in die Erfolgsspur. Wobei: Das FinTech-Start-up, ein Marktplatz für Privat- und Unternehmenskredite, lief in der Vergangenheit schon mühsamer als Rocket Internet und Co. gedacht haben. Jetzt soll eine Finanzierunsgrunde geplatzt sein.

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82,4 Millionen invested in 2016 in German InsurTech Startups

InsurTech war 2016 ein Boomthema. 82,4 Millionen Dollar flosen etwa in deutsche InsurTech-Start-ups. Die Geschäftsmodelle der InsurTech-Firmen lassen sich in folgende Kategorien einteilen: Marketplace/Aggregator, Insurance Management, Direct Insurer/Tied Agent, Peer-2-Peer/Cashback, (Indirect) Sales Tools/Software.

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Bundesbank-Präsident für Regulierung von FinTechs

Bundesbank-Präsident Jens Weidmann spricht sich für eine Regulierung der noch jungen Finanztechnologie-Branche (FinTechs) aus.

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Kreditvergleich mit starker Investoren-Riege

33 Millionen Euro. So viel Geld gab es im April 2016, sechs Jahre nach der Unternehmensgründung, für die Betreiber des Kreditvergleichsportals Finanzcheck. Eine stattliche Summe und die bislang größte Runde für das Fintech-Unternehmen.

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Neue Crowdfunding-Plattform für Immobilien

Die Ostschweizer Crowdli AG hat ein Online-Portal für Direktinvestitionen in Immobilienkapitalanlagen gelauncht. Crowdli.ch bietet seinen Nutzern die Möglichkeit, mittels Crowdfunding Miteigentumsanteile an Mehrfamilienhäuser oder Gewerbeliegenschaften zu erwerben.

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Deutsche Börse looks for collateral shift with ‚CollCo‘ digital coins

Deutsche Börse has filed a patent for a new way of shifting collateral among banks using tokenised digital coins.

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