Scalable Capital to break through the one billion mark
Digital asset management in Germany is about to break out of the niche. According to calculations by “Finanz-Szene.de”, the market leader Scalable Capital is approaching the € 750 million mark and is expected to break the billion mark in the spring. This is mainly due to the cooperation with ING Diba, which started in September, and has been providing its customers with targeted Scalable offerings since then – and in November had already contributed 150 million euros to the Scalable AuMs.
N26 has more than 200,000 customers in France one year after its launch
N26 is after the lightning start in Germany on the threshold of the mass market in France. As founder Valentin Stalf revealed yesterday in a conversation with “Finanz-Szene.de”, Berlin-based Mobile Bank has already gained more than 200,000 customers in the neighboring country one year after its launch.
Paris-based Spendesk raises €8 million
Spendesk, a fintech solution that helps businesses manage their spending, has raised an €8 million Series A round led by Index Ventures, with participation from existing investors. Spendesk rethinks the way employees make company purchases and the way businesses manage all expenses. The young company has developed an innovative solution that gives businesses all the control they require and employees the autonomy they need to get the job done.
Money2020 Europe 2018: agenda shaping up fast!
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Deutsche Bank to offer insurance
Now a new, powerful player is pushing into the market of insurance optimizers: Deutsche Bank. It no longer wants to give users of its banking app just the account overview, transfers and investment. From mid-2018, an “insurance manager” is to be found there, through which customers can not only manage and optimize their property insurance, but can also conclude new contracts quickly and securely, as the bank announced.
Bitcoin boom: 720 million euros additional tax revenue in 2017
According to conservative estimates of the Blockchain Center of the Frankfurt School (FS) of Finance & Management, the German government will incur additional taxes of EUR 726 million in 2017 through trading in cryptocurrencies.
Facebook is banning cryptocurrency and ICO ads
Facebook has a new advertising policy pertaining to cryptocurrency, binary options and initial coin offerings. The policy specifically prohibits ads that promote those types of products and services “that are frequently associated with misleading or deceptive practices,” Facebook Product Management Director Rob Leathern.
“This policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook,” Leathern wrote.