Newsletter: 29 April 2018

Clark collects 29 million dollars

In its second round of financing of the Frankfurt Insurance Clark collects 29 million dollars – a record for a Series-B in Insurtech area in Europe! Investors include the Finnish investor Portage3Ventures and White Star Capital. Clark aims to help clients manage insurance contracts, identify insurance gaps, and close deals with mutually beneficial offerings from cooperating insurance companies. In addition, the user can deposit his insurance data and, in the event of damage, manage and execute corresponding notifications via the app.


German fintech startup NDGIT raises €4 million in Series A

Open banking platform NDGIT has raised €4 million in Series A funding round led by Capnamic Ventures and PROfounders Capital.

The Munich-based fintech startup develops APIs for the sharing of financial and customer data in compliance with PSD2 and open banking regulations. Its customers include banks like Hypothekarbank Lenzburg (Switzerland) and Bank für Sozialwirtschaft (Germany).


VCXO Briefing with Maxime Mandin, BlackFin Capital Partners

1. Tell us a bit about yourself and your focus areas, overall and within FinTech. 

BlackFin is the largest fintech focused independent VC investor in Europe with a 150M€ fund. We invest 1-10M€ in series A-B fintech, insurtech, regtechs headquartered in Europe. Funded by lots of strategic investors (banks and insurance cariers) we have a strong but not exclusive focus on B2B business models. BlackFin is an entrepreneurial investment platform solely focusing on financial and insurance services in Europe. Blackfin is managing 600M€ in the buyout space and 150M€ in the venture space. BlackFin has been founded and is owned by ex-founders of Fortuneo, one of the first French online bank in 2000 sold to French bank Credit Mutuel Arkea.


Tillhub receives 4 million Euros in funding

A provider of cash register softwares is the Berlin startup Tillhub , which develops cloud-based POS systems for iOS devices. For its technology, Fintech has now received just under four million euros in its Series A. The money comes from Elavon, provider of electronic payment systems and subsidiary of the banking company US Bancorp, from the yellow pages publisher Müller Medien and the Main Incubator of Commerzbank.


Billypay’s Nelson Holzner, Jan Wehrs and Sven Brauer create a new Fintech Startup – Modifi

The Ex-Billpay team founder Nelson Holzner is building a new Fintech Startup. The project runs under the name Modifi.  He states: “At MODIFI, we empower Small and Medium-Sized Businesses to trade with digital trade financing. We believe that international trade is a key driver for development around the globe. But many small and medium sized enterprises simply can not afford to do business without reliable access to finance “. Rocket financier Global Founders Gapital is already on board as an investor (28%).


Axel Springer hy and KPMG launch the “Rethink Insurance Hub”

Axel Springer hy and KPMG launch the “Rethink Insurance Hub” in April, a competence center for the digitization of the insurance industry. There, both companies bundle their digital and industry expertise on this topic. A total of 60 experts from the two partners are available to customers from the insurance industry to develop and implement individual digital strategies and business models. This gives insurers the opportunity to examine the opportunities of digitization at the heart of Berlin’s digital economy and actively help shape the transformation of their industry.


Plug and Play and TechQuartier Announce The First Five Corporate Partners to Join The Fintech Europe Innovation Platform in Frankfurt

Plug and Play, the largest global innovation platform, and TechQuartier, the one-stop startup hub in the heart of Frankfurt, Germany, announce Aareal Bank, BNP Paribas, Deutsche Bank, DZ Bank and NETS Group as the first five corporate partners to join their fintech program based out of Frankfurt. The partnership, known as “Fintech Europe,” will act as a home away from home for some of the most disruptive and innovative startups in the banking industry as they pilot their solutions with leading financial institutions.


Global fintech funding hits record $5.4bn in Q1

VC-backed fintech firms raised a record $5.4 billion in the first quarter of 2018, boosted by a dozen mega-rounds of at least $100 million, according to the latest figures from CB Insights…Europe fintech deals dipped to a five-quarter low but funding hit a five-quarter high driven by $100 million plus investments to later-stage digital banking startups N26 and Atom Bank.


Millions of dollars flowing into crowdlending

Lendity, the specialist for investment solutions in alternative lending and in the private debt area, issues a bond with which investors can invest in SME and consumer loans from various crowdlending platforms, among other things. There are more and more investment products on crowdlending loans

Several investment products containing securitized crowdlending loans have already come onto the market in recent months. 1741 Fund Solution – the former Raiffeisen subsidiary Vescore – offers a fund on crowdlending loans of the platforms Lend and Creditgate24.