Q&As with Wequity and F10 Global; Early stage European FinTech deals this week include Enfuce

European FinTech deals this week include Enfuce

We feature Q&As with Gabriel Levie of Wequity and Gerrit Sindermann of F10 Global.

If you are an early stage startup in Europe building the next big thing in FinTech, reach out to us: Frank Schwab or Samarth Shekhar.

 7 Questions with Gabriel Levie of Wequity

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

I was born and raised in Belgium and was lucky to have a Dutch-speaking mother and French-speaking father, which means I speak both languages fluently. Before starting Wequity I completed my undergraduate studies in Economics and Philosophy in the UK. Since 2019 I have been back in Belgium.

With my cofounder Franck we launched Wequity in February 2021, and we have been working full time with a team of 5 people. On the side I run, climb, and play the piano.

7 Questions with Gerrit Sindermann of F10 Global

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

I am leading the Swiss business for F10 Global, a Fintech and Insurtech-focused open accelerator, headquartered in Zurich with further hubs in Singapore and Spain. I am also in the board of our investment company, which invests in F10 startups. Besides that, I am representing F10 in the Swiss Green Fintech Network, launched 2020 to support and leverage the Swiss government’s ambition to develop the country into a leading hub for sustainable finance. With the Green Fintech Network I co-drafted the Swiss Green Fintech Action Plan, and with F10’s partner New Energy Nexus I work on our new global Climate Fintech Accelerator programming.

Prior to F10, I worked 10 years in banking (mostly at ABN AMRO Bank) and 10 years in tech (mostly fintech), founded one and worked with several startups at different stages and on topics ranging from mobile and micropayments to data and analytics.

Off work, I love any kind of outdoor sports (Switzerland being a perfect spot for that…), love(d) traveling and learning about different cultures. Due to the latter and an adventurous mind/heart, I left Germany in 2006 and lived since in The Netherlands, Colombia, Morocco and Ireland. Climate change and environment are major topics of concern and interest for me, thus I am excited that Sustainable Finance is picking up broadly now!

Female-founded fintech Enfuce raises €45m

The Finnish fintech Enfuce has today announced its €45m Series C, the largest funding round for a female-founded fintech in the Nordics this year.

The round was led by UK-based VC firm Vitruvian Partners, known for having invested in startups like Marqeta and Wise — both now publicly listed at unicorn valuations. Enfuce is one of only a few female-founded fintechs in Europe, along with the likes of MoneyHub and Juno. The two founders, Monika Liikamaa and Denise Johansson, are both in their 40s and both come from a banking background.

Founded in 2016, the company describes itself as a CaaS (card-as-a-service) platform for card issuing. It has  plenty of customers in the non-banking community including Danish expense management startup Pleo, Swedish financial services companies Gee Finance and Qred as well as loyalty programmes like ST1.

Founded in 2006, UK based Vitruvian Partners is an international investment firm that supports the most ambitious and talented entrepreneurs and companies to achieve their goals. They target growth capital and management buyout deals, investing between €25m-€350m in companies typically valued between €75m-€1bn+.

Moody’s Corporation Acquires PassFort

Moody’s Corporation (NYSE:MCO) acquired PassFort Limited, a UK-based provider of onboarding and Know Your Customer (KYC) technology solutions.

The amount of the deal – funded with cash – was not disclosed.

The acquisition complement Moody’s technology, data, and analytical capabilities, and enhance its customer solutions for KYC, anti-money laundering, compliance, and counterparty risk. Moody’s will integrate the service into its KYC business within Moody’s Analytics, where they will augment the Orbis company database and the GRID database of risk profiles, adverse news, politically exposed persons, and sanctions.

Founded in the UK by Donald Gillies, PassFort is a U.K. SaaS-based workflow platform for identity verification, customer onboarding, and risk analysis. Its software delivers data from over 25 third-party providers and automates the collection, verification, and secure storage of customer and supplier due diligence documentation. The integration of PassFort’s platform into Moody’s suite of KYC and compliance offerings will create a more holistic workflow solution, allowing customers to incorporate Moody’s data, including credit, cyber, ESG, and climate analytics, directly into their proprietary processes.

The company raised $16m in September 2021.

Meet us at:

InsurTech Insights Europe, London: 15-16 March 2022

Finovate Europe 2022, London: 22-23 March 2022

South Summit 2022, Madrid: 8-10 June 2022

SuperVentures Berlin: 14-15 June 2022

Digital Insurance Agenda, Amsterdam: 29-30 June 2022

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