Venture News

Newsletter 8 Oct 2019

Germany: Kreditech Gains €20 Million in Equity Financing, Plans Global Expansion

Online lender Kreditech has raised €20 million in its latest funding round, according to a note from the company. Apparently, the additional capital will help the Fintech scale globally in its goal to provide credit to near-prime customers. The funding was co-led by Runa Capital and a German private investor, with participation from long-time existing shareholders, HPE Growth and Amadeus Capital Partners.

https://www.crowdfundinsider.com/2019/09/152032-germany-kreditech-gains-e20-million-in-equity-financing-plans-global-expansion/

 

Acquisition of Cash Payment Solutions (Barzahlen), a German Fintech company

On October 2, 2019, GLORY LTD. (GLORY) announces that it has entered into a share purchase agreement(‘SPA’) to acquire 53% of shares in Cash Payment Solutions GmbH (‘CPS’), which develops and provides online cash settlement platforms under the brands ‘Barzahlen’ and ‘viacash’.

https://corporate.glory-global.com/groupinfo/news/detail/id=963

 

7 Questions with Ralf Heim, Fincite & Fincite Ventures

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

I am Ralf, Co-Founder, and CEO of Fincite and Fincite Ventures. At Fincite, I have the privilege to run our Grow-Team. Our goal is to increase the company´s revenue with Marketing, Business Development, and Sales.

At Fincite Ventures, we are looking for promising, early stage start-ups in order to boost their growth with our Technology, HR services and financing network.

In my spare time, my 1-year-old son keeps me busy in the best way possible. Apart from that, I am a big fan of setting new sport challenges every year to experiment, challenge myself and of course enjoying life.

http://www.fintechforum.de/7-questions-with-ralf-heim-fincite-fincite-ventures/

 

7 Questions with Emrah Basic of Seed X Liechtenstein AG

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

  1. Originally Swiss, banking background, spent the last 2.5 yrs in Berlin doing early-stage investments at Axel Springer

  2. Passionate basketball player and biker

http://www.fintechforum.de/7-questions-with-emrah-basic-of-seed-x-liechtenstein-ag/

Emrah is among the leading early-stage investors covering European FinTech innovation areas and investment trends at the 11th FinTech Forum, 21st Nov. 2019 in Frankfurt: https://ftf11.eventbrite.com

 

Berlin fintech smith Finleap takes stake in Crosslend

Finleap bleibt in Deal-Laune. Nach Informationen von „Finanz-Szene.de“ hat sich die Berliner Fintech-Schmiede mit knapp 10% am ebenfalls in der Hauptstadt ansässigen Verbriefungs-Fintech Crosslend beteiligt.

https://www.finanz-szene.de/fintech-mainteaser/fintech-inkubator-finleap-steigt-bei-crosslend-ein/

 

Savedroid has a new owner

Das Frankfurter Finanz-Start-up Savedroid hat einen neuen Eigentümer: Das börsennotierte Unternehmen Advanced Bitcoin Technologies AG (ABT) teilte mit, es habe das Fintech übernommen. Die ABT AG war erst am 4. Juli mit einem Stammkapital von 250.000 Euro gegründet worden und seit dem 2. August an der Börse notiert.

https://www.faz.net/aktuell/rhein-main/wirtschaft/advanced-bitcoin-technologies-ag-uebernimmt-savedroid-16414742.html

 

Moneyfarm Raises £36M in Series C Funding

Moneyfarm, a Milan, Italy and London, UK-based digital wealth management company, raised £36M in Series C funding.

The round was led by Poste Italiane with participation from Allianz Asset Management.

http://www.finsmes.com/2019/09/moneyfarm-raises-36m-in-series-c-funding.html

 

ePassi Raises €41.5M in Funding

ePassi, a Helsinki, Finland-based mobile payment solution for subsidised employee benefits, raised €41.5m in funding.

Backers included Bregal Milestone, a pan European private capital firm which will take an active role in the Board, and Risto Siilasmaa’s investment firm First Fellow Partners. Risto Siilasmaa will act as an advisor to the Board.

http://www.finsmes.com/2019/09/epassi-raises-e41-5m-in-funding.html

 

Spanish startup Elma gets $3.2M for a digital-first health insurance play

Insurtech startup Elma has closed a €3 million (~$3.2M) Series A funding round led by Mangrove Capital partners to build out a digital-first health insurance business starting with Spain, its domestic market.

https://techcrunch.com/2019/09/25/spanish-startup-elma-gets-3-2m-for-a-digital-first-health-insurance-play/

 

Dutch fintech scaleup Onegini gets €5M for international expansion

Fintech scale-up Onegini has received a capital injection of €5 million from venture capitalist and lead investor Walvis and the existing investors The Hatch Firm and InnovationQuarter.

https://siliconcanals.com/news/dutch-fintech-scaleup-onegini-gets-e5m-for-international-expansion/

 

Madrid-based Minsait acquires Spanish fintech Afterbanks to connect with open banking data

Madrid-based Minsait, a business management consultancy, has acquired 100% of the Spanish fintech startup Afterbanks.

https://www.eu-startups.com/2019/09/madrid-based-minsait-acquires-spanish-fintech-afterbanks-to-connect-with-banking-data/

 

Revolut to deploy BearingPoint regulatory reporting system

UK challenger bank Revolut has signed up German regulatory reporting firm BearingPoint for its Abacus360 platform, designed for European Banking Authority (EBA) and AnaCredit reporting.

https://www.fintechfutures.com/2019/09/revolut-to-deploy-bearingpoint-regulatory-reporting-system/

 

Meet us at: 

South Summit, Madrid, 2-3 Oct. https://www.southsummit.co

InsurTech Rising, Paris, 8-9 Oct. https://finance.knect365.com/insurtech/

Intelligent InsurTech, London, 14 Oct. https://newtonmedia.swoogo.com/insurtech2019

The Hard Fork Summit, 16-17 Oct. Amsterdan https://thenextweb.com/hardfork-summit

FinTech Junction Europe, Berlin, 10-12 Dec. 2019 https://www.fintechjunction.com

FinTech Forum partners:

www.heussen-law.de

www.europe.money2020.com

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