German fintech firm Smava scores $34 million to bolster its credit comparison business
German fintech pioneer Smava has raised $34 million in fresh funding. The Berlin-based company, which has been around for nearly a decade, has raised the round from Runa Capital, Verdane Capital, mojo.capital and prior backers such as Earlybird.
IDnow Secures Several Million Euros in Series A Funding
IDnow, a Munich, Germany-based provider of identification and eSigning solutions in Europe, secured several million Euros in Series A funding. Backers included Seventure, BayBG Bayerische Beteiligungsgesellschaft, and business angels.
The company intends to use the funds for the European expansion and the further development of the identification and eSigning platform.
German insurance giant Allianz invests in online wealth manager MoneyFarm
Allianz has taken an undisclosed minority stake in Italian digital wealth manager MoneyFarm as it seeks to keep track of the fintech sector. MoneyFarm, founded in Milan in 2011, gives people access to low-cost wealth management services online. It is one of a number of so-called “robo advisors” — digital services to help people invest and manage their money.
Line-up of startups for 8th FinTech Forum (10th Nov. 2016) announced
The startups include firms offering “A Tinder for Insurance customers”, “All your car financing & leasing at your fingertips”, “Cyber Security, Risk Management und Compliance as a Service” etc. Having launched as the first community for FinTech in Continental Europe in Nov. 2013, this is the “3rd Anniversary Edition” and the seats are limited!
Singapore Startup WB21 to Leave London for Berlin After Brexit
WB21, which launched late last year as a payment service provider, said it would create 200 jobs in Berlin that were initially slated for London…Three months after the vote, six companies have decided to move operations to Berlin, besides WB21, said Stefan Franzke, head of Berlin Partner, the agency that runs the London office. Among them are real-estate investment platform BrickVest Ltd, web-design company MBJ London Ltd., and finance firm Swissbank Ltd., he said.
Raisin is the First European Investment Fintech to reach EUR 1.7 billion as the 20th Partner Bank joins
Just 5 months after becoming the first European Fintech in the investment area to reach 1 billion Euro, Raisin proudly announces to have reached more than EUR 1.7 billion in invested volume. As of today and thanks to the availability of its platform across the entire European Union, over 50.000 customers have trusted Raisin and invested this milestone amount with Raisin’s partner banks.
Commerzbank partners Wirecard to offer financing to e-commerce merchants
The Wirecard Group, a leading supplier of electronic payment and risk management solutions, has entered into a partnership with Commerzbank AG. Wirecard enlarges the portfolio of Commerzbank with easy to integrate online payment solutions for e-commerce, as well as risk management.
Deutsche Bank opens digital factory in bid to become tech firm
As part of its effort to become a “technology company”, Deutsche Bank has opened a digital factory in Frankfurt to house 400 staffers – as well as fintech startups – working on products and services for the mobile age.
Sibos Day 2: Are robo-advisors the ultimate provider of financial choice?
In a session called Enabling the Investment Management’s Next Era: The Rise of the Robo-Adviser, we heard from Nicolas Mackel, CEO of Luxembourg House of FinTech, Matteo Cassina from Saxo Bank, Edward D. S. Glyn from Calastone, Michael Mellinghoff from Techfluence, Silvan Schumacher from Swanest and Paolo Sironi from IBM.
SaaS Anbieter Bilendo hilft Unternehmen im Mahnwesen
Bilendo wurde im April 2015 von Markus Haggenmiller, Jakob Beyer und Florian Kappert mit Sitz in München gegründet. Bilendo ist ein B2B SaaS Anbieter zur Optimierung der Liquidität von Unternehmen und Automatisierung des gesamten Mahnwesens.
Robo-Adviser Growney bietet Geldanlage für Privatkunden
Mit Growney ist in Berlin ein neuer Robo-Adviser online gegangen. Das Unternehmen bietet eine einfache, renditestarke und kostengünstige Geldanlage für Privatkunden an. Growney bietet fünf Anlagestrategien mit dem Namen grow20, grow30, grow50,grow70 und grow100.
Im Stealth-Mode startet Sebastian Diemer ein neues Fintech
Sebastian Diemer ist nicht für leise Töne bekannt. Als er nach seinem Abgang bei Kreditech im Frühjahr neue Projekte anstieß, suchte er die Öffentlichkeit. Im Fokus stand sein Flugrechte-Startup Wirkaufendeinenflug, dort ist er Gründungsinvestor.
Candis – vom Bankathon-Sieger zum richtigen Start-up
“Heutzutage laufen Backoffice-Prozesse meist manuell oder softwaregestützt ab, jedoch nicht automatisiert. Candis erledigt diese Prozesse durch Künstliche Intelligenz und Machine Learning”, sagt Candis-Mitgründer Christian Ritosek. Das Start-up startete einst auf dem Bankathon.
Knip setzt auf europäische FinTech-Kooperation
Knip setzt auf neutralen Tarifvergleich. Dazu arbeitet der digitale Versicherungsbroker ab sofort mit dem niederländischen Softwarehaus Komparu zusammen. Komparu ist auf Vergleichssoftware spezialisiert.
Bafin warnt vor mobilem Bezahldienst
Die Aufsichtsbehörde weist darauf hin, dass Kunden vor dem Kauf der Aktie der Infin Innovative Finance AG genau hinschauen sollten. Es besteht der dringende Verdacht der Marktmanipulation bei dem Wertpapier…Die Behörde hat Anhaltspunkte dafür, dass im Rahmen der Kaufempfehlungen für die Aktien des ehemals unter dem Namen Cashcloud AG bekannten Unternehmens unrichtige oder irreführende Angaben gemacht werden.
InsurTech – Millionenspiel ohne echte Disruption
In mehrere InsurTech-Start-ups flossen zuletzt gewaltige Summe. Allein Clark, FinanceFox und Friendsurance sammelten zuletzt zusammen rund über 50 Millionen Euro ein. Alle Firmen haben eine Gemeinsamkeit: Die Unternehmen setzen im Versicherungsvertrieb an. Disruption sieht anders aus.
The Wayra Global Call is open. APPLY NOW!
Wayra Deutschland, the accelerator of Telefonica Open Future_ is pleased to announce that our Global Call is open now. In the next 30 days we are searching for early stage startups who can bring new ideas, entrepreneurial energy and innovation into our telecoms business.
Don’t miss the first FinTech Belgium Summit
One day to learn all about the latest trends in Fintech, ranging from PSD2 directives to Blockchain technology over Payment innovations to disruptive financing solutions. You’ll get to meet all the stakeholders in the Belgian Fintech ecosystem and easily network with your peers at the BNP Paribas Fortis Chancellerie conference location (next to Brussels Central Station). Discover upcoming startups during the FinTech Startup Pitch Battle.
SICTIC Fintech Angels partners with FINTECH Circle
During SIBOS 2016 in Geneva the investor club vertical SICTIC Fintech Angels announced a partnership with FINTECH Circle, the leading Fintech Community of Entrepreneurs, Investors and Intrapreneurs, based in London. The two parties aim at further strengthening the Fintech ecosystem.
Wealth management firms to embrace tech and see off fintech insurgents – report
Wealth management firms are falling short of client expectations when it comes to their use of technology, but established players in the field are likely to respond well to the digital revolution and will not be displaced by fintech insurgents, new research from Roubini ThoughtLab suggests.
One in six admit to poor understanding of investment risk – research
One-sixth (17%) of investors reckon they have a poor understanding of the risk held in their investment portfolios, research from Scalable Capital has found.
Banks rushing to collaborate with fintech startups
Collaboration with fintech startups is seen as a critical element in bank digital transformation strategies, according to a survey of financial executives conducted by IDC.