Announcing the first set of startups & partners for #5YFTF FinTech Forum
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: BITA, CrowdDesk, Imburse Payments and Neon Banking. We are also proud to welcome LH Miles & More to the FinTech Forum partner community: more about them in the next few days!
BondIT Raises $4 Million in New Funding, Adding to Series B
With $4 million in new funding, BondIT has added to the Series B investment it announced last fall and taken the round’s total to $18.2 million. Series B round has been led by major investor Fosun Group, a division of Fosun International Limited, a Hong Kong-based investment holding company. BondIT uses machine learning algorithms and data science to enable fixed income advisors to make superior recommendations, improve client engagement, manage risk better, speed trade execution and meet compliance regulations easier.
ID Now receives millions in investment
The investment arm of Giesecke + Devrient (G + D), also based in Munich, has invested a single-digit million euros in the start-up. The Munich-based company is developing digital products that allow users to be authenticated on the mobile or computer, such as the N26 digital bank.
European FinTech’s grown-up year?
As we head to another edition of Money2020 Europe, a look at the Top 10 Funding Rounds and investors in Q1-2018 says we are headed into European FinTech’s first grown-up year. 6 of the Top 10 funding rounds (note: the chart above is based on Q1-2018 only) are over $100m, with recent mega-rounds like Revolut’s $250mn continuing the onslaught.
Send money via smartphone: Volksbanken join Kwitt
So far, savings banks as well as the Volksbanks and Raiffeisenbanks offer separate services to quickly send money to other users via smartphone or to request it. From June, the banking groups now want to team up and offer their services under the common brand name Kwitt , which the savings banks had already introduced in 2016.
niiio finance group AG: completes capital increase of EUR 4 Million
niiio finance group AG has successfully implemented the cash capital increase resolved at the Annual General Meeting on December 1, 2017, and has now completed the placement of shares as part of the capital increase. The company estimates the gross proceeds from the public offering at € 4,224,657.00.
Dusseldorfer shopping startup sold to Klarna
The Rhenish shopping startup Shopco was taken over by the Swedish payment giants Klarna. The startup, founded by Jay Habib and Manuel Schoebel in 2014, has developed a software that is supposed to simplify shopping on the net considerably. Unlike comparable solutions from Visa or Paypal, Shopco does not rely on a programming interface, but on artificial intelligence that automatically scans the products in the online shops visited by the user.
Banking app Numbrs reaches a milestone
Numbrs Personal Finance has won Axa Deutschland as a distributor for its financial app. This means that the insurance giant will in the future offer its products in the digital “financial supermarket” of the Numbrs app.
GenoFestgeld: Neues Einlagenprodukt der MünchenerHyp für die Genossenschaftliche FinanzGruppe
Die Münchener Hypothekenbank erweitert mit dem GenoFestgeld ihre Angebotspalette um ein zinsattraktives Einlagenprodukt. Erstmals bietet die Bank damit exklusiv für die Privatkunden der Genossenschaftsbanken eine festverzinsliche Kapitalanlage an. Umgesetzt wurde das neue Produktangebot mittels einer Open-Banking-Lösung des FinTech- Unternehmens Deposit Solutions, über die Privatkunden der teilnehmenden Genossenschaftsbanken Geldanlagen bei der MünchenerHyp tätigen können.