Newsletter: 8 Oct 2018

LIQID announces €33 million financing round led by Toscafund

The digital wealth manager LIQID announced a series C financing round about €33 million led by the London-based investor Toscafund Asset Management LLP.

LIQID is one of the largest and fastest growing digital wealth managers in Europe that offers its clients access to investment strategies, asset classes and terms that were once the exclusive preserve of high-net-worth individuals.–33-million-financing-round-led-by-Toscafund-/3497960


Congratulations to LIQID, who presented at FinTech Forum On Tour | Robo Advice on 8th June 2016, Berlin. Check out the startups selected to present at FinTech Forum’s 5th Anniversary Edition, taking place on 22nd Nov. 2018 at the Airport Club, Frankfurt:


Bitwala Raises $4 Million to Merge Cryptocurrency with Banking Infrastructure

A startup wants to use the blockchain to merge traditional banking with cryptocurrencies has raised $4 million in new investment from several investors, including European venture capital heavyweights like Earlybird.


Berlin-based fintech startup Kontist secures 7-digit investment from Haufe Group

The Berlin-based fintech startup Kontist just secured a big investment by Haufe Group – a German market leader in enterprise management and accounting for SMEs and freelancers. The Series A investment of Haufe Group comes on top of €5 million seed financing that Kontist had previously secured from founders, a Danish company builder, and the Danish growth fund VœkstFonden.


7 Questions with Jamal El Mallouki, Co-Founder and Managing Director of CrowdDesk

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

Together with my co-founder Johannes Laub we are the managing directors of CrowdDesk. We’re a team of 15, creating the infrastructure for the future of capital markets with the vision to digitize how financial products are issued and brokered. Our HQ is in Frankfurt, Germany, which is a great place to be for us due to its high density of financial intermediaries, strong SMEs and – perhaps surprisingly – the proximity to financial regulators…

CrowdDesk is one of the startups selected to present at the 10th FinTech Forum, taking place on 22nd Nov. 2018 at the Airport Club, Frankfurt:


High-Tech Gründerfonds and Digital Hub Bonn join Code Intelligence funding

Code Intelligence will es Unternehmen ermöglichen, Sicherheit und Zuverlässigkeit ihrer Software zu erhöhen. Eine Technologie soll auf Angriffe überprüfen und Lücken aufdecken. Im nächsten Schritt will das Bonner IT Security-Start-up die eigene Lösung weiterentwickeln. Außerdem plant die Firma den Markteintritt. Diese Vorhaben kann das Team mit Hilfe einer Kapitalspritze in Höhe von 700.000 EUR angehen: High-Tech Gründerfonds und Digital Hub Bonn investieren.


Candis receives Series A funding from Lightspeed Venture Partners

Lightspeed Venture Partners, along with existing investors Point Nine Capital, Speedinvest, Fly Ventures, main incubator of Commerzbank and 42CAP, Have invested in our company in our Series A funding round. Candis offers a software that automates manual, recurring accounting processes in small and medium sized businesses


FinLab AG: The FinLab EOS VC Fund, managed by FinLab AG, invests a seven-digit amount into Instaffo and its decentralized Protocol VAEON based on EOS.IO

Through its EOS VC fund “FinLab EOS VC Europe I GmbH & Co. KG” , FinLab AG invests a seven-digit amount into Instaffo GmbH, developer of VAEON, to develop the autonomous EOS-based blockchain project, VAEON. With the investment, Instaffo is the first company to receive financial backing from the $1 billion EOS VC venture via one of their selected partners.


Seba Crypto Raises CHF100M in Funding

Seba Crypto AG, a Zug, Switzerland-based startup that aims to create its regulated crypto bank, secured CHF100m in funding.

The investment came from a mix of Swiss and international institutional and private investors including Summer Capital and BlackRiver Asset Management.


Stratio Raises €13M in Series B Funding

Stratio, a Madrid, Spain-based third generation big data platform provider, raised €13M in Series B funding. The round was led by Adara Ventures with participation from GP Bullhound.


Kayrros Secures $24M in Series B Funding

Kayrros, a Paris, France-based advanced data analytics company, raised €21m ($24.4m) in Series B funding.

The round, which brought total funding raised to date €32m ($37m), was led by Cathay Innovation with participation from Index Ventures, AtlasInvest (the investment company under the lead of Marcel van Poecke), the Primat Family Office (Primwest), and Korelya Capital.


Qonto Raises $23M in Series B Funding

Qonto, a Paris, France-based fintech company, raised $23m in Series B funding.

The round was co-led by existing investors Valar Ventures and Alven with participation from the European Investment Bank Group.

The company intends to use the funds to double the team size, create its own payment infrastructure, and expand to Germany, Italy and Spain in 2019.


Cobase Receives €7.5M Investment from ING Ventures

Cobase, an Amsterdam, the Netherlands–based fintech company, received a €7.5m investment from ING Ventures.

ING Ventures has also committed to further investment in the years ahead. Cobase will operate as a completely independent company, under its own name and management.

The company intends to use the funds to continue to expand its global network of banks and develop the functionalities of its platform.


Nosto Closes New $7.4M Funding Round

Nosto, a Helsinki, Finland-based provider of ecommerce personalization and artificial intelligence (AI) tools for retail, closed a USD $7.4m round of funding.

The round, which brought total funding raised to date to more than $25m, was led by Tesi, Open Ocean and Idinvest.

The company intends to use the new funds to invest in its machine learning core, omni-channel personalization and continued international expansion.


Société Générale Acquires Fintech Startup Treezor

Société Générale, France’s third-largest bank, announced on Thursday it has acquired French fintech startup, Treezor. Founded in 2015, Treezor is described as one of France’s pioneering Banking-as-a-Service platforms, providing services across the entire payment chain through API to many innovative financial-sector companies. The company has notably developed an innovative payment platform in collaboration with its clients, such as retailers, neo-banks, client to client and crowdfunding platforms, through APIs.


Carsten Maschmeyer invests record amount in Fintech Dwins

Carsten Maschmeyer invests in the financial application, which allows clients to get an overview of their finances and manage their contracts, with one million euros the largest sum, which once put one lion jury on the table. For twin brothers Alexander and Benjamin Michel of the founders, this is the second major coup within a year: in October last year Deutsche Bank had already invested a similar amount in the fintech – for 24.99 percent. joins forces with three former Batavia consortium banks, a leader of blockchain-based digital trade services, and three banks from the former Batavia consortium have joined forces. CaixaBank, Erste Group and UBS have joined as banking partners and shareholders alongside the platform’s existing banks: Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe Generale and UniCredit, bringing the number of shareholders to twelve.


Indexfonds profitieren von der technischen Revolution

 Im digitalen Zeitalter bieten ETFs viele Vorteile. Neue Geldverwalter betreten den Markt und werben um Online-Kunden…Solche Modelle sind als „Robo Advisor“ bekannt. Der Markt gilt als wachstumsstark. Einen Vorgeschmack auf die Zukunft geben die Verhältnisse in den USA. Der Indexfonds-Riese Vanguard verwaltet bereits über 100 Milliarden Dollar digital. „Das dürfte auch die Erwartungen bei den traditionellen Finanzinstituten in Europa beflügeln, glaubt Michael Mellinghoff, Leiter der Fintech-Beratungsfirma Techfluence.


Zwei Handy-Bezahlanbieter im Wettrennen um US-Start

Revolut und N2, die zwei Handy-Bezahlanbieter aus Deutschland und Grossbritannien, liefern sich ein Kopf-an-Kopf-Rennen um den Sprung in die USA.


Carsten Höltkemeyer wird neuer CFO von Concardis

Während die Fusion der Concardis Payment Group mit dem dänischen Finanzdienstleister Nets läuft, meldet Concardis einen Wechsel an der Spitze des Finanzressorts. Carsten Höltkemeyer übernimmt den CFO-Posten.


InsurTech Coya nimmt seinen Versicherungsvertrieb auf

Für den digitalen Sachversicherer Coya ist der Startschuss gefallen: Mit dem Launch seiner digitalen Hausratversicherung hat das Berliner InsurTech seinen Versicherungsbetrieb gestartet. Weitere Produkte seien laut Coya bereits in Planung, darunter auch sogenannte Micropolicen.


Deutsche Post stellt Bezahldienst Postpay ein

Die Deutsche Post zieht bei ihrem Online-Bezahldienst Postpay den Stecker. Die Post werde ihre Tochter Deutsche Post Zahlungsdienste GmbH, zu der auch Postpay gehört, zum 31. Juli 2019 einstellen, sagte ein Sprecher am Donnerstag. Der Schritt stehe im Zusammenhang mit dem Auslaufen des Internet-Shops


Pax-Bank und investify schließen Allianz in der digitalen Vermögensverwaltung

Das deutsch-luxemburgische Fintech investify  und die Kölner Pax-Bank haben einen Kooperationsvertrag unterzeichnet. Die Pax-Bank, ein genossenschaftlicher Finanzdienstleister mit christlicher Werteorientierung, wird künftig die Plattform-Technologie von investify  zusätzlich zu den Plattformen der Union Investment nutzen und ihren Kunden den Service einer ethisch-nachhaltigen digitalen Vermögensverwaltung anbieten.


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GrowthAlliance Fintech – AI Edition (26. – 30. November): Application Deadline: October 21