Tagged: europe

February 22, 2023 @ 11:00 pm By Omar Faridi  |  

SmartSave Bank, the savings brand of UK digital bank Chetwood Financial, has today announced a new partnership with Flagstone, the UK’s cash deposit platform. Flagstone claims it is “the UK’s largest smart cash platform for corporate, charitable and individual clients.” It offers “a choice of… Read More

February 22, 2023 @ 8:08 am By Omar Faridi  |  

Klink Finance, a crypto startup based in London, has received its initial authorization to offer its cryptocurrency services across the European Union. Klink is “building a Prize Linked Wallet that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top… Read More

February 22, 2023 @ 8:06 am By Omar Faridi  |  

Socotra announces a major drive into the European insurance markets, with an initial focus on the UK, DACH, France, and others, “following strong growth in 2022, including a 71% revenue increase, a 75% growth in customers, and a 117% YoY increase in policies managed on… Read More

February 21, 2023 @ 11:17 pm By Omar Faridi  |  

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

February 21, 2023 @ 9:55 am By Omar Faridi  |  

Smart, the London-headquartered fintech disrupting the global retirement savings market, has published its annual Future of Global Retirement report. This year’s report “looks at how knowledge, attitudes and concerns about retirement savings have progressed.” The report “includes findings from more than 8,000 savers across the… Read More

February 21, 2023 @ 8:06 am By Omar Faridi  |  

Berlin-based Pliant claims it is looking back at a very successful year 2022. While entering seven additional European markets, it also “recorded a sixfold growth of its customer portfolio.” With the closing of this Series A investment round, the company is “now setting itself up… Read More

February 21, 2023 @ 8:05 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) is seeking views on “what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.” The UK is a leading center for asset management, “with over £11 trillion of assets managed… Read More

February 20, 2023 @ 11:47 pm By Omar Faridi  |  

PensionBee, a online pension provider, has calculated that “moving £1 trillion, the approximate value of UK defined contribution pension funds of around 28 million UK savers that are mostly held in ‘default’ investment plans, to ‘positive impact’ funds, could reduce the carbon footprint of UK… Read More

February 20, 2023 @ 11:18 pm By Omar Faridi  |  

Following its prior issuances in 2021 and 2022, auxmoney has “placed its third ABS transaction with a record amount of EUR 350 million.” With this transaction, auxmoney has “been re-opening the European market in 2023 with the first consumer ABS deal.” Strong investor demand has… Read More

February 20, 2023 @ 8:41 am By Omar Faridi  |  

Noëmie Rosala Rivera joins Lendable as Associate Director of Investor Relations. Mary Kahng, Head of Investor Relations, said: “We are very excited to have Noëmie join the IR team. Her deep passion for impact, combined with her multifaceted experience in gender smart investing and blended… Read More

February 20, 2023 @ 8:35 am By Omar Faridi  |  

In order to provide the complete set of features that many of their customers know and love, Plutus works with various third parties including a banking partner. Their banking partner “provides and manages your Plutus current account.” Plutus is “moving from one of its current… Read More

February 19, 2023 @ 9:12 pm By Omar Faridi  |  

Eleving Group reports steady growth and “robust” profitability figures in 2022. The company highlights that it “increased its net portfolio by 17.8% compared to 2021, while adjusted net profit before FX reached €27.3m.” The company has provided the following operational and financial information: Eleving Group… Read More

February 19, 2023 @ 10:58 am By Omar Faridi  |  

Taurus SA, the digital asset infrastructure provider for financial institutions in Europe, is pleased to announce a $65 million Series B capital raise from strategic investors. Taurus’ Series B investment round is “led by Credit Suisse and includes participation from new institutional investors such as… Read More

February 18, 2023 @ 9:10 am By Omar Faridi  |  

London-based Fintech Sikoia has successfully “raised $6m in seed funding, bringing its total capital raised to over $8.3m, including a pre-seed round from the previous year.” This milestone caps a solid year for Sikoia, which “saw the company grow its international client list, make key… Read More

February 17, 2023 @ 10:27 am By Omar Faridi  |  

Fluid Finance, a Fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, “to enhance user onboarding and ensure bulletproof fraud protection.” Fluid’s aim is “to create a new financial model by combining traditional and digital finance.” Strict compliance, Know Your… Read More

February 17, 2023 @ 8:25 am By Omar Faridi  |  

As online purchases have soared in the last few years, so has the level of online fraud. In 2021, e-commerce fraud in the UK “jumped to GBP 1.3 billion.” As many merchants make the transition to online stores, “ensuring their transactions are protected is crucial.”… Read More

February 17, 2023 @ 8:21 am By Omar Faridi  |  

Siemens is one of the first companies in Germany to issue a digital bond, “in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG).” Worth 60 million, it has “a maturity of one year and is underpinned by a public blockchain.” According to… Read More

February 16, 2023 @ 9:10 pm By Omar Faridi  |  

Enfuce, the European card issuing and processing Fintech, has been selected by  Finnish e-commerce aggregator start-up Starcart in order “to offer its retailers and shoppers the speed, security and convenience of embedded virtual card payments.” The partnership is set “to transform the way in which… Read More

February 16, 2023 @ 1:38 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for businesses, announces that it has broadened its partnership with FREE NOW, Europe’s mobility platform, “to offer card issuing for mobility.” This financial services addition “builds on Adyen and FREE NOW’s long-standing relationship, which previously… Read More

February 16, 2023 @ 9:27 am By Omar Faridi  |  

Demand for finance from the UK’s 5.5m small and medium-sized businesses1 is on the rise at the same time as banks are “reducing their lending appetite,” according to iwoca’s latest SME Expert Index. More than eight in ten SME finance brokers (82%) agree “that major… Read More