Newsletter: 24th Nov. 2017

AIB invests €30mn in TransferMate, Scalable Capital worth over €150mn, WeChat Pay starts in Germany, last chance to avail WeWork Frankfurt’s -15% discount,

AIB invests 30m Euros in TransferMate

AIB has invested €30m in cross-border B2B payments player TransferMate, in a move aimed at reducing international payments costs for business customers.

Scalable Capital worth over 150 million euros

Scalable Capital is one of the most valuable German fintech startups following the entry of US asset manager Blackrock.

WeChat Pay starts in Germany

Customers can now pay in 70 shops at Munich Airport with the app of the chat service from China. German retailers, who will accept WeChet Pay in the future, can expect strong sales growth. Every year, about two million Chinese tourists come to Germany.

Ad: WeWork Goetheplatz / Frankfurt: last chance to get 15% off for 12 months

WeWork Goetheplatz is going to open it’s doors on December 1st and change the way people work in Frankfurt. There are last spaces left starting from 3.700€ for an 8 person office with all amenities included. Only for FinTech Forum members WeWork offers an amazing deal: -15% off for 12 months if you sign before December 1st, 2017! Book a tour here.

CashCape relies on a data-driven model to compute creditworthiness

Frankfurt FinTech CashCape promises its users “a fair credit in a few minutes”. Within seconds, applicants will receive a loan approval or cancellation via an app based on an analysis based on the customer’s account data and socio-demographic factors.

Crowdfunding platform Innovestment goes bankrupt

The Berlin Startup Innovestment has filed for bankruptcy.

7 Questions with Stephan Heller, Founder of FinCompare GmbH

1. Who are you? I’m Stephan, Founder and CEO of FinCompare – a fintech platform for SMEs to find, compare and close financing options from over 200 lenders. This is my second startup. Previously I founded which is Europe’s largest online marketplace for luxury watches.

Journey to Exit: with Mathias Wegmüller of Qumram

Our new series “European FinTech Journeys” showcases European FinTechs’ journey to a funding, exit or closure – and the blood, sweat and tears in between! We are proud to launch this series with Qumram, a FinTech Forum alumnus which was acquired last week by Dynatrace.