Newsletter: 9 April 2018

Event Summary: FTF On Tour | UK FinTech meets Germany

In partnership with the Department of International Trade, the British Embassy Berlin and Frankfurt Main Finance, TechFluence organises the FTF On Tour | UK FinTech meets Germany, bringing together top-notch UK FinTech startups addressing “real and present” challenges and opportunities for German banks.

Read the event report


Employee benefits startup Spendit secures a million dollar financing

The startup Spendit receives four million euros as part of a current round of financing, said the company based in Munich today. With the help of growth financing, it wants to expandthe international business. Spendit specializes in digital employee benefits. In other words, the startup founded in 2014 develops products for tax-privileged benefits such as digital food stamps.


Düsseldorfer online asset manager increases capital by US investor

The online asset manager Fundamental Capital from Willich near Dusseldorf wins the US company Crypto-VC IOB as an investor in order to strengthen the further development of the technology and the market presence of the startup with the capital increase.


Paydirekt wins as a client

Paydirekt has won another renowned major customer, namely the fourth largest German online shop “”. The mail order company, which specialises in consumer electronics, recently generated annual sales of over 700 million euros – according to figures from the EHI Retail Institute, only Amazon, Otto and Zalando were larger in this country.


Wirecard’s cooperation with Crédit Agricole opens up access to the e-commerce sector in France

The Wirecard AG has agreed to the Unit Credit Agricole Payment Services (CAPS) of the French bank Credit Agricole cooperation for digital payments.


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Midaxo Raises $16M in Series B Funding

Midaxo, a Helsinki, Finland-based developer of a cloud M&A platform, raised $16m in funding. The round – which brings total funding to $23m – was led by Idinvest Partners, with participation from existing institutional investors Tesi (Industry Investment) and EOC Capital.

Genossenchaftsbanken (German cooperative banks) let Alexa speak

“How do I block my Girocard?”, “What is a mobile Tan?” Customers of the Volks- und Raiffeisenbanken can soon ask Amazon’s language assistant Alexa such questions by initiating the inquiry with “Alexa, frag Volksbank”. German banks discovered Alexa early for themselves and want to use it to connect to their customers – if the customers no longer come into the branch, the bank comes into the living room.