Newsletter: 25 June 2018

Check out the startups and partners for FinTech Forum’s 5th Anniversary Edition

We are pleased to announce the first set of startups selected to present at #5YFTF,

FinTech Forum’s 5th Anniversary Edition taking place on 22nd Nov. 2018: ForexFix,BITA,CrowdDeskImburse Payments and Neon Banking. We are also proud to welcomeMiles & More to the FinTech Forum partner community. Read more about them and their FinTech initiatives here.


Insurtech Platform Digital Insurance Group Raises $15M in Funding

Digital Insurance Group, an Amsterdam, The Netherlands-based insurtech platform, raised $15m in funding. The round was co-led by Zurich Insurance and Finch Capital.

Digital Insurance Group is an insurtech company providing a data-driven insurance platform that enables insurers, banks and other companies to offer fully integrated insurance solutions to their customers.


Geospin Raises Seven-Figure Seed Funding Round

Geospin, a Freiburg, Germany-based machine learning software startup, raised a seven-figure seed funding round. Backers included High-Tech Gründerfonds and Thüga AG.

The platform enables companies to objectively identify geographical success factors and apply them in a targeted manner.


7 Questions with Victor Hugo Gomez, Founder of BITA

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

A Venezuelan native, I’m one of those perhaps “irrational minds” that decides to change a good career in the corporate space, and most recently the VC space, for the excitement and intellectual challenge of entrepreneurship. I’m currently spreading my time between managing BITA (from which I will discuss in the next questions) and giving advisory to several startups in the Fintech space. Privately, I’m an avid globetrotter, food passionate, and sports follower. Give me a glass of wine, good cheese and a nice setting and you will find me in happiness.


Six million for Cologne Fintech Nextmarkets

The Cologne fintech startup Nextmarkets concludes a further round of financing of six million euros. In a second part of the Series A, the old investors of the fintech incubator Finlab, the controversial financier Peter Thiel and the Austrian entrepreneur Falk Strascheg shoot after. Newcomers include Axel Springer Media for Equity and crypto-investor Cryptology Asset Group and UK hedge fund manager Alan Howard.

The Nextmarkets app gives professional traders investment advice.


UBS comes back for seconds in $50 million SigFig raise

UBS has joined a group of cash-rich VCs in a $50 million funding round for robo-advisory outfit SigFig.

The round was led by General Atlantic, with participation from existing investors including Bain Capital Ventures, DCM Ventures, Eaton Vance, New York Life, Nyca Partners, UBS, and Union Square Ventures.


Intesa Sanpaolo takes stake in Oval Money

Intesa Sanpaolo has invested in Oval Money, the budget management app launched by the former CEO of Uber Italy, and sourced a new distribution network at tobacconists across the country.

The Italian bank will take a stake in the company following a “significant investment” by its innovation venture fund Neva Finventures.

Congratulations to Oval Money who presented at the FinTech Forum On Tour | InvestTech2 (Apr. 2017, London)


Truecaller acquires India-based mobile payments company Chillr

Sweden’s Truecaller has announced that it has acquired an Indian startup called Chillr, which offers a multi-bank payments app since 2014, to complement the Truecaller Pay service it had launched more than a year ago. The terms of the acquisition were not disclosed at this time.


Deutsche Bank, Allianz and Auto1 create car financing platform

Deutsche Bank has teamed up with Allianz and used car marketplace Auto1 to set up a new firm offering financing and insurance to vehicle dealerships. Having built up a successful online marketplace where dealers can buy used cars, Auto1 is looking to move into the fintech arena to make it easier for buyers to purchase on its site.


ING-Diba und Clark gehen getrennte Wege

Die deutsche Direktbank ING Diba und der Online-Versicherungsmakler Clark wollen ihre Kooperation beenden. Hintergrund ist die jüngst geschlossene Kooperation zwischen dem französischen Versicherer Axa und der niederländischen ING Group. So ganz wollen Clark und die ING Diba dann aber dennoch nicht voneinander lassen.


Alexander Libor becomes Chief Human Resources Officer of the Concardis Payment Group

The Concardis Payment Group is continuing to expand its management team: Alexander Libor, previously Executive HR Manager at the Zurich Beteiligungs AG insurance company in Bonn and Frankfurt, will be taking up his new role as Chief Human Resources Officer from 1 July 2018.


wefox Group Adds Fintech Expert Spiros Margaris to Advisory Board

wefox Group announced the addition of Spiros Margaris, the leading global Fintech and Insurtech expert with more than two decades of management experience, to its global Advisory Board. wefox Group, which owns and operates Insurtech companies wefox and ONE, has raised approximately $55 million to date.