Newsletter 30 April 2019

Bankin’ raises $22.6 million for its financial coach

French startup Bankin’ is raising a new $22.6 million funding round (€20 million). The company has managed to attract 2.9 million users in France and wants to become the only app you need to manage your money.

Overall, Bankin’ has raised more than $32 million (€28.4 million). Investors include Omnes Capital, Commerz Ventures, Génération New Tech, Didier Kuhn, Simon Dawlat and Franck Lhuerre.

6.5 million euros from Silicon Valley Bank for TIS from Walldorf

Silicon Valley Bank lends a total of 6.5 million euros to the cloud-based corporate payments platform TIS . The company, which offers a solution for processing, analyzing and documenting all payment transaction and account processes via the implementation of its SaaS solution, was founded in Walldorf in 2010 by Jörg Wiemer and Erol Bozak.

RYSKEX selected to the 2nd cohort of Lloyd’s Lab

FinTech Forum alumnus Ryskex is one of the twelve selected members of the Lloyd´s

Further reading: Lloyd’s Lab second cohort features AI, gig economy and language tech

Congratulations to RYSKEX, an alumni of 10th FinTech Forum! Apply/ register for the 11th FinTech Forum on 21st Nov. 2019 in Frankfurt:

Nethone Closes Over $1M First External Financing

Nethone, a Warsaw, Poland-based KYU (Know Your User) company which uses artificial intelligence to detect fraud in online transactions, raised over $1m in the first round of financing. Innovation Nest made the investment.

First investment of the Swiss blockchain fund Blufolio

Yapeal AG is developing a blockchain-inspired, cloud-based banking infrastructure. Specifically, this means that the Zurich start-up is working on a digital bank. The offer primarily addresses Swiss people who live from payday to payday. This target group wants to support Yapeal in dealing better with their own finances.

N26 opens tech hub in Vienna with a focus on security

Fintech startup N26 is opening an office, its fourth, in Vienna. Eventually, the company plans to hire 300 software engineers, product managers and IT specialists.

N26  is building a mobile bank and has managed to attract 2.5 million users over the past few years. It raised a $300 million round back in January.

Consorsbank launches Apple Pay

Vier Monate nach dem Start von Apple Pay in Deutschland steigt die Zahl der Banken, die hierzulande den Bezahldienst des iPhone-Herstellers unterstützen. Am Mittwoch meldete die Direktbank Consorsbank, dass ihre Kunden ab sofort mit Apple Pay bezahlen können.

Ebay sets new payment system in Germany

Ebay kündigte zudem an, die Zahlungsabwicklung auf seinem deutschen Online-Marktplatz zu erweitern. Geplant sei, deutschen Käufern im Rahmen des neuen Services eine Vielzahl an Bezahloptionen anzubieten – darunter Paypal Börsen-Chart zeigen, Lastschrift und Kreditkarten sowie Apple Börsen-Chart zeigen und GooglePay.

Upcoming Events:

Looking to connect to the European FinTech & InsurTech ecosystem? Here is a selection of events we are speaking at or attending:

InsurTech Week Cologne: 20-24 May 2019, Cologne

Money2020 Europe: 3-5 Jun. 2019, Amsterdam

Digital Insurance Agenda: 25-27 Jun. 2019

6 weeks to go for Money2020 Europe – use M19FIFOR to save €200

This June the most powerful and proactive elements across the global Financial Services community will combine at #M2020Eu, and we will be there! Join us to discover the elixir set to futureproof your business using the FinTech Forum discount code M19FIFOR  to save €200 on your pass

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