Newsletter: 29 Oct 2018

Munich based Insurtech xbAV collects 21 Million Euro

Der Wagniskapitalgeber Armada Investment, der Xing-Gründer Lars Hinrichs und 20 weitere Kapitalgeber aus der VC-, Technologie- und Versicherungsbranche investieren 21 Millionen Euro in das Insurtech xbAV. Das 2007 von Martin Bockelmann gegründete Münchner Unternehmen zur Digitalisierung der betrieblichen Altersversorgung will mit der frischen Finanzierung seine Plattform weiter auszubauen. Laut eigenen Angaben wird diese von 20 Lebensversicherungen und mehr als 5.000 Vermittlern und 1.800 Arbeitgebern genutzt.
Lend Closes CHF6M Series A Financing Round

Lend, a Zurich, Switzerland-based fintech startup, closed a CHF6m Series A financing round.

Backers included Alpana Ventures and angel investors.

The company intends to use the funds to further advance the digitization of the platform, professionalize new business areas and secure institutional credit facilities to finance loan projects.


7 Questions with Robert Kröber, ForexFix

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

I am Robert, Founder and CEO. Before founding Forexfix I worked as a banker at KfW Bankengruppe and as a consultant. I founded by first company in 1996. I hold a diploma in Economics from Witten/Herdecke private university.

In my spare time I enjoy climbing and sailing


ForexFix is one of the 15 startups selected to present to top-notch investors like CommerzVentures, Earlybird, Finch Capital, Helaba Digital, HTGF, KfW Capital, XAnge, yabeo etc. at the 10th FinTech Forum on 22nd Nov. 2018 at The Airport Club, Frankfurt. More information/ registration:

Irish FinTech company PerfectCard confirms its sale to Australia’s EML for €6m

Irish FinTech company PerfectCard has been sold to Australian payment solutions provider EML Payments in a €6m deal.

PerfectCard provides incentive and corporate expense solutions including PerfectIncentive and the recently-launched Pecan Expense.


Belgian-founded fintech startup EMAsphere secures €4.5 million

Financial data management startup EMAsphere headquartered in Belgium has landed €4.5 million in funding from private investors and the company’s own employees. Now it plans to scale up its operations in Belgium and France.

EMAsphere’s financial insight platform connects to the management solutions, ERP, HR, CRM, and other specific systems or even Excel sheets. It provides online dashboards updated daily that show the progress towards customer-defined KPIs. The platform also offers analytics and prediction capabilities, making cash flow budget planning easier and more accurate.


Samsung Acquires Artificial Intelligence Company Zhilabs

Samsung Electronics acquired Zhilabs, a Barcelona, Spain-based provider of Artificial Intelligence (AI)-based network and service analytics solutions.

The amount of the deal was not disclosed.

The acquisition will allow the company to further enhance its 5G capabilities whereas AI-based automation will play a central role in Industrial Internet of Things (IIoT) and connected car applications, which will require advanced automated solutions and network analytics.

AI-based solutions can be used to analyze user traffic, classify application being used, and improve overall service quality which can no longer be addressed by existing solutions.
FinTech-maker Sebastian Diemer now focuses on cannabis

Das Startup mit Sitz in Frankfurt am Main soll sich laut Handelsregister um den “Großhandel mit Medizinpräparaten und alle damit im Zusammenhang stehenden Geschäfte” kümmern. Wie zu hören ist, geht es dabei um Cannabis. Startups, die auf den legalen Handel mit medizinischem Cannabis setzen, sind gerade extrem angesagt, weil extrem lukrativ. In Deutschland setzt etwa Cannamedical aus Köln bereits auf Cannabis. Rund 300 Kilogramm medizinisches Cannabis verkauften die Rheinländer alleine im vergangenen Jahr, ihrem ersten Geschäftsjahr.


Incoming payments thanks to Paypal Funds Now now available faster – but only for dealers

Paypal führt mit Funds Now eine neue Funktion ein, die gerade größeren Händlern schnelleren Zugriff auf ihr Geld ermöglicht. Innerhalb von Sekunden, also quasi in Echtzeit, sollen Händler, die dazu berechtigt sind, auf ihre angesammelten Beträge zugreifen können. Die Funktion, die jetzt in Deutschland startet, steht Kontoinhabern mit einer Händler-ID zur Verfügung, die eine entsprechende Mail bekommen haben, dass Funds Now für dieses Konto aktiviert wurde.


Fully digital conclusion of contracts via Alexa becomes possible for clients of insurtech firm Deutsche Familienversicherung

A German insurtech firm has taken the use of digital assistants to another level. Deutsche Familienversicherung has earlier today announced it is offering a fully digital conclusion of contracts using Amazon Echo.

Last year, the Frankfurt-based firm became the first German insurance company to launch their own Alexa Skill on the market. The idea of executing Alexa insurance contract conclusions was prevented at the time due to a lack of connections between Amazon Echo and Amazon Pay.


Berlin’s Emil launches pay-per-mile car insurance

Emil, a new startup from the founders of Movinga, has launched what it claims is Germany’s first pay-per-mile car insurance that measures miles in real-time. Aimed at drivers who do less than 6,200 miles per year on average (or roughly 120 miles per week) — which we’re told accounts for 49 percent of German drivers — mileage is tracked via the Emil app and the supplied dongle that plugs into your car’s diagnostics port.

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