Tagged: europe

March 16, 2024 @ 3:04 pm By Omar Faridi  |  

Worldline [Euronext: WLN], a global enabler of payments services, has been chosen by the Cassa Centrale Group to pursue exclusive negotiations for a long-term partnership in the acquiring world. The collaboration involves the provision of services “along the value chain of digital payment acceptance and… Read More

March 15, 2024 @ 8:32 am By Omar Faridi  |  

Levenue, a revenue-based financing company, has acquired MidFunder, a Zurich-based Fintech that provides financing for companies with recurring revenue. The acquisition marks a strategic move to enhance its Swiss operations. As entrepreneurs and early-stage investors, Patrick Frei, Founder of MidFunder, and Pascal Schumperli, Co-Founder, identified… Read More

March 14, 2024 @ 8:44 am By Omar Faridi  |  

The European Banking Authority (EBA) published the final draft Regulatory Technical Standards (RTS) that set out the requirements, templates, and procedures for handling complaints received by issuers of asset reference tokens (ARTs). The draft RTS fulfilled a mandate conferred “on the EBA in the Markets… Read More

March 13, 2024 @ 8:21 am By Omar Faridi  |  

Tide, the UK’s business financial platform, is to launch in Germany, with the country becoming Tide’s second market outside of the UK, following the successful start of its operations in India in 2022. In the UK, Tide offers small businesses “that don’t have a finance… Read More

March 12, 2024 @ 3:45 pm By Omar Faridi  |  

Nexi and Mastercard (NYSE: MA) have teamed up to advance Open Banking Payments Across Europe. Mastercard’s open banking technology to “enable more choice and power seamless, secure digital payments across Europe in partnership with Nexi.” Nexi has chosen Mastercard as its strategic partner “across Europe… Read More

March 11, 2024 @ 8:00 am By Omar Faridi  |  

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

March 8, 2024 @ 5:23 pm By Omar Faridi  |  

xpate, a frontrunner in the e-commerce payment solutions sector, announces its migration to Mambu’s cloud banking platform, marking an advancement in its service offerings across Europe. This transition signifies xpate’s commitment “to deploying a robust, scalable architecture that promptly adapts to evolving market demands and… Read More

March 8, 2024 @ 7:46 am By Omar Faridi  |  

Lloyds Banking Group has signed a corporate Power Purchase Agreement (PPA) with global renewable energy company, Low Carbon. Through the 10-year agreement, the Group will “purchase 50 GWh of clean electricity annually, the equivalent of powering more than 14,000 homes.” The energy will be generated… Read More

March 7, 2024 @ 1:43 pm By Omar Faridi  |  

eBill has reportedly surpassed three million users for the first time. More and more people in Switzerland are said to be “opting for the eBill digital invoice.” At the end of February, SIX recorded “more than three million registered users for the first time.” This… Read More

March 7, 2024 @ 8:57 am By Omar Faridi  |  

Fuel Ventures SEIS Fund says it was recently recognized as the UK’s best SEIS Investment Manager. Investments in the fund may qualify for 50% tax-relief potential. Fuel Ventures SEIS Fund has raised £187,306 from 59 investors (with 32 days left in the campaign at the… Read More

March 7, 2024 @ 8:27 am By Omar Faridi  |  

wefox, an Insurtech firm, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer. Julian Teicke will be transitioning into “the non-executive role of President, and remain Vice Chair of the Board of Directors after nine successful years of steering… Read More

March 7, 2024 @ 8:17 am By Omar Faridi  |  

In the latest Spring Budget, the Chancellor of the Exchequer Jeremy Hunt announced that, following a highly competitive bidding process, the British Business Bank intends to award “a total of £250m under the Long-Term Investment for Technology and Science initiative.” The Chancellor also announced “the… Read More

March 6, 2024 @ 8:36 am By Omar Faridi  |  

IDEX Biometrics and Accomplish Financial, an international payment solution provider, are bringing to market a biometric payment program to help the visually- and memory impaired. The program will first launch in the UK, “where a global fintech will bring to market an accessible payment solution… Read More

March 6, 2024 @ 8:31 am By Omar Faridi  |  

Innovate Finance, the independent industry body for UK Fintech, has launched the Unicorn Council for UK Fintech (UCFT), a coalition of UK-based Fintech unicorn founders to accelerate and unlock promised growth in the UK FinTech sector. The Council will be “co-chaired by Janine Hirt, CEO… Read More

March 5, 2024 @ 11:53 am By Omar Faridi  |  

THIS, which claims to be the UK’s “fastest growing” food brand (Feb ’23), making ridiculously meaty plant-based alternative, has secured over £1  million on Seedrs topping its funding target of £750,000. The securities offering has almost a month left in its campaign. THIS is offering… Read More

March 5, 2024 @ 11:44 am By Omar Faridi  |  

PensionBee Group plc, an online pension provider, recently announced it has entered into an exclusive, non-binding term sheet “with a large, US-based global financial institution in order to expand into the United States of America.” The US has the world’s largest Defined Contribution pension market,… Read More

March 5, 2024 @ 11:41 am By Omar Faridi  |  

ESProfiler, the British cybersecurity start-up, announces a £2.8 million Seed round, led by Nauta Capital. This milestone builds on the momentum from angel investments received in 2023. Founded to tackle the inefficiencies in enterprise cybersecurity investments, ESProfiler is emerging as a key player in the… Read More

March 5, 2024 @ 8:57 am By Omar Faridi  |  

Eric Demuth, CEO at Bitpanda, reveals that they’re launching LeadBlock Bitpanda Ventures (focused on Venture Capital and Private Equity Principals). When the team first created Bitpanda, there wasn’t much help available to them. There also wasn’t enough funding and there wasn’t expertise they could draw… Read More

March 5, 2024 @ 8:52 am By Omar Faridi  |  

UK’s challenger bank Monzo has finalized a heavily-trailed $400 million investment round, which has increased the firm’s valuation to $5 billion. The funding round, an incentive for pushing the banking platform towards profitability, was reportedly led by Alphabet-owned Capital G, along with contributions from Google… Read More

March 4, 2024 @ 11:12 pm By JD Alois  |  

EuroCrowd, the pan-European assocation that represents investment crowdfunding platforms across the continent, has announced a partnership with InnovUP,  or the Italian Innovation & Startup Ecosystem association. According to a note from EuroCrowd, the partnership means that EuroCrowd will help represent Italian platforms. This is said… Read More