Lendix Receives €200M Debt Institutional Financing
Lendix , a Paris, France-based loan marketplace for European SMEs, received a €200m institutional debt financing. Backers included The European Investment Bank Group (EIB) via the European Investment Fund (EIF), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements.
Paris-based cryptoassets security startup Ledger closes €61 million Series B funding round
Today announced a €61 million Series B round, led by Draper Esprit. The funding round was led by Draper Esprit, with additional funding from Draper Venture Network funds, including Draper Associates, Draper Dragon Ledger The cryptocurrency and blockchain security startup and Boost VC, as well as FirstMark Capital, Cathay Innovation, and Korelya Capital.
Hellas Direct Raises €7M in Series B Funding
Hellas Direct, an Athens, Greece-based insurtech company, raised €7m in Series B funding. The round was led by IFC, a member of the World Bank Group, with participation from Third Point LLC, Endeavor Catalyst, former Goldman Sachs economist Lord O’Neill and private equity veteran Jon Moulton as well as Portag3 Ventures.
Two million euros for the InsurTech startup Covomo
The Frankfurt startup Covomo has collected two million euros from old and new investors. The portal compares special and niche insurance.
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S-UBG Group finances fintech start-up entrafin
Aachen-based S-UBG Group is investing together with Dieter von Holtzbrinck Ventures in Colognefintech start-up entrafin . Entrafin GmbH is a SME Financing Technology Financing Company. The start-up offers its B2B customers a digital financing alternative for their working capital and is said to be faster, simpler and usually cheaper than the house bank.
China regulator says fintech must serve real economy
Jiang Yang, vice chairman of China’s Securities Regulatory Commission (CSRC) while speaking at the Asian Financial Forum to an audience of fintech entrepreneurs, stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.
Thomas Cook partners with fintech firm Revolut
British travel company Thomas Cook has partnered with fintech firm Revolut to launch a “pay-per-day” travel insurance service which automatically provides users with medical cover by tracking their location through their mobile phones.
JDC to plan own cryptocurrency
JDC Group plans to introduce its own cryptocurrency. Among other things, this should motivate the 1.4 million JDC customers to share more information about their consumption and investment behavior with JDC. When JDC manages to provide all its customers with a so-called wallet and coin, JDC becomes one of the biggest players in the domestic crypto market overnight.
Qurion Lowers Rates
Qurion lowered rates for its Online Asset Management. The bottom line is that customers have to fork out 0.15 percentage points less. Reason for the discount is the market entry of index fund specialist Vanguard in Germany – and the tougher competition among the machine investors.
THE NAGA GROUP buys shares in easyfolio
The NAGA GROUP AG acquires 25 percent of the shares in easyfolio GmbH. Easyfolio GmbH is one of the first platforms for digital investment in Germany and currently manages more than EUR 50 million in assets under management. For easyfolio , the new partnership with NAGA means opening up new growth potential.
Figo wants BaFin license
Figo wants to expand its business model by a second pillar – namely to a license protection for accounting services, contract optimizers and other companies that fall under the PSD2 Directive.
Zuger Crypto Finance launches its first crypto fund
The company Crypto Finance, based in Zug, which was founded in summer 2017, wants to offer investors easy access to The fund is aimed exclusively at institutional investors and was launched offshore in a first step. Crypto Finance has applied for a distribution license for Switzerland.crypto currency investments in the three areas Crypto Fund, Crypto Broker and Crypto Storage. Against this background, the company has announced two funds.