Tagged: berlin

Berlin’s Upvest Selects BNP Paribas Securities Services for Custody, Settlement Services

Upvest has selected BNP Paribas Securities Services to provide custody, clearing and settlement services. Recently, Upvest successfully “closed its $42m Series B financing with lead investor Bessemer Venture Partners – one of Germany’s biggest fintech fundings of the year.” The selection of BNP Paribas Securities… Read More

Berlin’s Compliance Firm heyData Finalizes €3.3 M Seed Round

Berlin-headquartered compliance firm heyData announced the closing of a €3.3 million seed round. The investment round has been led by Ten VC along with contributions from existing investors Patrice Deckert, Stefan Tietze, and investors Martin Ostermayer and Dirk Freise and Picea Capital, among several others…. Read More

epay Chooses Berlin’s Fraugster to Enhance Fraud Prevention Services for its Payment Processing

Fraugster, a payment intelligence company, has been selected by epay “to pilot AI payment fraud prevention services.” epay is “a full-service payment provider” and the digital payments processing business segment of the financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT). epay’s worldwide… Read More

Ageras Group Expands into Europe’s Largest Market, Acquiring German Neobank Kontist

Ageras Group—whose suite of financial and accounting software powers more than one million small businesses across Europe and North America—announced that it has acquired Kontist, a Berlin-based neo-bank “focused on the complex accounting and banking needs of Germany’s growing populations of microbusinesses and self-employed workers.”… Read More

Berlin’s Airbank to Utilize Klarna’s Open Banking Platform

Klarna Kosma, which is Klarna‘s financial technology platform for banking institutions, Fintech firms and retailers, announced its working relationship with Airbank, a digital financial management platform for companies. Klarna Kosma’s Open Banking platform offers Airbank with access to the largest international network of banks, considerably… Read More

Berlin based Insurtech ELEMENT Acquires €21.4M in Funding

The Berlin-headquartered Insurtech firm ELEMENT has secured €21.4 million via a Series B round. The total funding secured by the firm now amounts to 88 million euros. ELEMENT is also reporting its “best” YTD results. The investment round has been led by the Versorgungswerk Zahnärztekammer… Read More

UnitPlus, Vodeno, Aion to Make Direct Payments with ETF Investments Possible

Investing money and paying with the investment at any time, “free of charge?” It is now possible, according to an update shared with CI. Berlin-based startup, UnitPlus, has launched (what it claims to be) the world’s first ETF investment product “with a seamlessly integrated payment… Read More

Berlin based Fintech Upvest Acquires $42M via Series B Led by Bessemer Venture Partners

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

Berlin’s Insurtech wefox Appoints Former Klarna Chief Risk Officer to Board

wefox, the Berlin-headquartered digital insurance firm, has appointed Hanna Jacobsson to the Board. Jacobsson will be serving as a Non-Executive Director with immediate effect. Julian Teicke, CEO and Founder of wefox stated: “As we continue to double our revenues and maintain our focus on growth… Read More

European Savings Platform Trade Republic Finalizes €250M Series C Extension

Trade Republic, which claims to be Europe’s largest savings platform, announces a €250M Series C extension. The investment round is led by Ontario Teachers’, which is one of the world’s largest pension funds and institutional investors, “along with the participation of existing investors.” The extension… Read More

Sustainable Finance Provider ecolytiq Receives Investment from Visa, Others

Sustainable finance service provider ecolytiq has reportedly finalized a €13.5 million financing round that was led by Visa (NYSE: V) along with other blue chip investors. Consulting company PwC Germany also took part in the investment round via a fund that’s managed by Segenia Capital,… Read More

Mondu Acquires $43M via Series A to Support Product Dev, Global Expansion

  Mondu is pleased to announce an important milestone in their company’s history: their $43 million Series A round. Since being founded in August 2021, they’ve been focused on “delivering a highly attractive product, growing [their] merchant base and the number of businesses [they] serve,… Read More

Berlin’s Fraugster Launches Alternative Credit Decisions Solution to Support BNPLs, Enterprise Merchants

Fraugster, an AI payment intelligence company, has announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants “to approve more customers without increasing credit risk.” There is a pressing need for a new approach because… Read More

Berlin based Fintech Upvest Expands Leadership Team, Appoints Ex- UBS MD Markus Maier as COO

Upvest, the Berlin-based infrastructure Fintech, has expanded its management team and appointed Markus Maier as the new Chief Operating Officer. Maier has previously “worked at UBS and Deutsche Bank and brings more than 25 years of management experience in the securities services and derivatives business.”… Read More

Berlin’s Stock Trading Platform, lemon.markets, Acquires €15M via Seed Round

Lemon.markets, a Berlin-headquartered Fintech firm that helps companies embed trading services through APIs, has secured €15 million via a seed funding round that was co-led by Lakestar and Lightspeed. Creandum and System.one took part in the investment round, along with contributions from angels (like N26… Read More

High-Potential Tech Firms Chosen for Fintech Innovation Lab New York

Ten emerging tech firms have been chosen to participate in the 2022 Fintech Innovation Lab New York, which is a 12-week program “founded and run by Accenture (NYSE: ACN) and the Partnership Fund for New York City.” The program aims to assist early- and growth-stage… Read More

Aazzur and Treezor Enter Banking-as-a-Service Partnership

Aazzur has reportedly agreed to a sales partnership with European Banking-as-a-Service (BaaS) platform Treezor in order to allow both companies to expand their customer base and strengthen their BaaS offering. Treezor will offer its regulatory and technical expertise by providing its payment infrastructure for account… Read More

Berlin’s Konvi Secures $900K in Pre-Seed Funding to Make Rare Assets Accessible

Konvi, which claims to be first pan-European Crowd-Investment Platform for alternative asset classes, is confirming its $900,000 pre-seed round. Investors reportedly include APX and “value-adding” angel investors including former executives from tech giants like Snap Inc and Shopify. Konvi’s management noted that they are on… Read More

UAE Fintech Alaan Acquires $2.5M to Expand Multi-Currency Spend Management Platform

Dubai-headquartered Fintech firm Alaan has acquired $2.5 million in capital via an investment round. The firm is now coming out of stealth mode. The multi-currency spend management platform developers noted that they would use the proceeds to hire new talent and scale operations across the… Read More

Payhawk Now the First Bulgarian Fintech Unicorn After Securing $100M via Series B Extension

Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has secured an additional $100 million in order to extend its Series B round to $215 million. The Fintech firm’s Series B extension was reportedly “raised at a valuation of $1… Read More

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