Building FinTech bridges between London and Frankfurt
On March 22, 2018, promising entrepreneurs, investors, financial institutions and others interested in FinTech, gathered in Frankfurt for the FinTech Forum on Tour. The future cooperation between FinTechs and banks, as well as the UK and Germany were at the core of the event. Snowy weather and delicious earl grey tea created a fruitful atmosphere for discussions, startup pitches and much more.
N26 raises $160 million from Tencent and Allianz
German startup N26 just raised a $160 million Series C round led by Tencent and Allianz — some of N26 ’s existing investors are also participating. The company has attracted 850,000 customers and raised $215 million in total. N26 is building a retail bank from scratch.
Raisin Launches ETF Portfolios in Cooperation with Vanguard
Raisin adds ETF portfolios to its German product offering. Starting today German customers can access the new products online – and thus participate in the performance of capital markets in a diversified manner. With the product launch Raisin enters the retail investment segment as a second pillar beside its leading savings products offering.
7 Questions with Alex Malyshev, CEO SDK.finance
1. Please tell us a bit about yourself, both at work and leisure.
I was born in Saint-Petersburg and hold a Master’s Degree in Sociology from Saint Petersburg State University. I have more than 10 years experience in management and marketing as well as 6 years in Digital Payments. I am a fan of Zenit St.Petersburg FC and prefer to play football when I have a time for this.
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Helaba digitizes promissory note issue with Fintech (Value Concepts)
Helaba wants to use the Value Concepts fintech to improve the placement of promissory notes. The Austrian energy provider Verbund is the first company to issue a promissory note on the new platform.
Fintech Giromatch supports Degussa Bank
Robin Buschmann turns his start-up Giromatch from a credit marketplace to a technology provider. His new client is Degussa Bank.
Cryptocurrency Dash opens representative office in Germany
The US start-up behind digital currency Dash now has an office in Lübeck. From there, the German-speaking market should be rolled up.
Church of England taps iZettle and SumUp for contactless collections
The Church of England announced today that it is making contactless, virtual terminal, and SMS mobile payments available throughout England, in a bid to make transactions faster and easier for the Church’s congregations. This will be done through a partnership with SumUp and iZettle.
Innolend – funded by Rocket – is at the end
The FinTech Innolend, which was launched in 2016, failed completely silently. The company, which positioned itself as a “financing solution for SMEs”, is currently being liquidated.
Nordic Capital to Acquire European Online Payment Provider Trustly
European online payments provider Trustly announced this week it will be acquired by Nordic Capital Fund IX (Nordic Capital). According to Trustly, Nordic Capital will support the payment platform in its mission to become the leading global online banking payments provider. Trustly also reported that its largest shareholder Bridgepoint Development Capital will dispose of its full equity interest but management, founders and investment company Alfvén & Didrikson will remain significant shareholders in the company.