Tagged: europe

May 17, 2023 @ 8:22 am By Omar Faridi  |  

Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC, a private investment firm based in New York and London. Existing investors participating in the investment… Read More

May 16, 2023 @ 10:38 pm By Omar Faridi  |  

DelfinGroup reports that the company increased its revenue by 46% in the first quarter of 2023, reaching €11.1 million compared to the same period last year. Furthermore, the company’s profit before taxes “increased by 16% to reach 1.8 million euros.” The company further shares “that… Read More

May 16, 2023 @ 10:35 pm By Omar Faridi  |  

Debitum partners from Poland and UK – financing company Flexidea Polska and Triple Dragon – have released 3 new ABS programs. Debitum is “a digital debt marketplace that aggregates business loans from SMEs across Europe for diversified investment.” Debitum enables investors “to access an alternative… Read More

May 16, 2023 @ 10:33 pm By Omar Faridi  |  

The first quarter of 2023 started and ended with “a bang,” according to Bondora. After February had some of the highest origination and investment figures Bondora has seen post-pandemic, March statistics reportedly surpassed “all previous records to set new all-time highs. Investments and originations topped… Read More

May 16, 2023 @ 3:17 pm By Omar Faridi  |  

The European Union (EU) brings crypto-assets, crypto-assets issuers, and crypto-asset service providers under a regulatory framework. Last month after several delays, the European Parliament adopted MiCA or Markets in Crypto-Assets regulation. This legislative development aims to allow all EU member states to provide digital asset… Read More

May 16, 2023 @ 11:17 am By Omar Faridi  |  

The team at TWINO notes that they have launched a Cashback bonus campaign. As noted in a blog post by TWINO, you can  “enroll in the campaign and earn a 2% cashback bonus for investments in Polish Loan Securities during the Cashback period.” The campaign… Read More

May 16, 2023 @ 10:17 am By Omar Faridi  |  

Nordea has completed the acquisition of the Swedish digital pension broker platform Advinans, following receipt of the regulatory approvals. The acquisition reportedly “strengthens Nordea’s life and pension offering in Sweden and accelerates the bank’s strategic ambitions within savings.” The acquisition of Advinans fits well with… Read More

May 16, 2023 @ 9:40 am By Omar Faridi  |  

The digital bank N26 announced the launch of its new N26 Instant Savings account in Spain, offering eligible customers “with a Spanish IBAN 2.26% AER (2,26% NIR) on deposits with no conditions of permanence, no minimum deposit amounts required, no additional fees, and no need… Read More

May 16, 2023 @ 7:59 am By Omar Faridi  |  

Austrian digital asset firm Bitpanda is reportedly planning to invest $10 million in order establish a dedicated AI unit. Bitpanda explained that the new unit will aim to provide a suite of AI-enhanced products and investing solutions, including personalized investment ideas, automated portfolio strategies, as… Read More

May 15, 2023 @ 11:04 pm By Omar Faridi  |  

P.F.C. (Personal Finance Co.), a Stockholm-based fintech, announced that its customers can now take out personal loans directly in the app, extending the range of financial services it provides on Mambu’s cloud banking platform. Mambu’s rapid deployment capability enabled P.F.C. “to configure the personal loan… Read More

May 15, 2023 @ 10:35 pm By Omar Faridi  |  

SkySparc, an independent solutions provider, has implemented its OmniFi solution for German energy company Uniper on a software-as-a-service (SaaS) basis, via Microsoft Azure. Under this new outsourced service model, SkySparc reportedly “provides clients with all aspects of OmniFi’s functionality and maintenance remotely via the cloud,… Read More

May 15, 2023 @ 5:33 pm By Omar Faridi  |  

Nilos, a financial platform for businesses operating with crypto-currencies, has launched its new Virtual EU IBANs aimed at companies dealing with crypto in Europe. The move has been made possible by their new partnership with Modulr, a payment and card-issuing platform. The solution allows businesses… Read More

May 15, 2023 @ 8:59 am By Omar Faridi  |  

Founded in 2013, Assetz Capital claims it has become a leading alternative finance provider to SMEs in the UK. Now, as the business marks its ten years of doing business. The firm announced “that over the course of its history its supported the construction of… Read More

May 14, 2023 @ 2:07 pm By Omar Faridi  |  

Freepay has announced a collaboration with Finaro to strengthen its position in the Danish market as a payment provider (payment gateway). Through this collaboration, Freepay can now “offer a broader solution within online payments on various technical platforms, both physically and online, where card payment… Read More

May 13, 2023 @ 4:07 pm By Omar Faridi  |  

Last year, it was reported that late-stage tech backer Liquidity Group had raised $775M for its Fintech platform from Apollo (private equity) and MUFG (a Japanese bank). Liquidity is “part tech platform and part lender, using its technology to make decisions on deploying debt facilities… Read More

May 13, 2023 @ 3:48 pm By Omar Faridi  |  

Underpinning its ambitious plans to build a super-correspondent bank for global B2B payments, Banking Circle has joined the UK Faster Payments Service (FPS) as a Direct Participant for GBP. This latest initiative means clients now “have access to real-time direct clearing and settlement for both… Read More

May 13, 2023 @ 2:47 pm By Omar Faridi  |  

Revolut announced its strategy for France over the next few years, including the launch of customer credit products towards the end of May 2023. At a recent press conference held in Paris hosted by Antoine Le Nel, VP of growth at Revolut, Le Nel said… Read More

May 13, 2023 @ 2:41 pm By Omar Faridi  |  

LendInvest PLC (AIM: LINV) has revealed that BNP Paribas SA joined its £300 million financing syndicate with HSBC Holdings PLC and Barclays PLC in order to support the ongoing growth of its short-term mortgages. LendInvest is a London-headquartered  non-bank mortgage lender, and BNP Paribas is… Read More

May 12, 2023 @ 5:17 pm By Omar Faridi  |  

Aspiring homeowners can improve their chances of getting on the housing ladder thanks to Open Banking and “to extra evidence of a borrower’s good financial track record being factored into mortgage checks by a leading lender.” Leeds Building Society has reportedly “become the first UK… Read More

May 12, 2023 @ 5:14 pm By Omar Faridi  |  

Swissquote, which claims to be among Switzerland’s leading online banks, has chosen NetGuardians in order “to enhance fraud mitigation and comply with the AML requirements.” The NetGuardians AI-based financial crime solutions will “monitor all transactions at the bank and on the digital finance app ‘Yuh’,… Read More