Tagged: europe

February 16, 2023 @ 8:39 am By Omar Faridi  |  

Obligate, formerly known as FQX, is a Switzerland-based company that provides a blockchain-based bond platform. The Obligate platform is designed to streamline the debt issuance process and make it more accessible to businesses of all sizes. The platform provides a secure and transparent way of… Read More

February 16, 2023 @ 7:58 am By Omar Faridi  |  

NewDay, a provider of consumer credit in the UK, has appointed Checkout.com as its payments provider for debit card payments. The new partnership will see NewDay “streamlining its payment process, operations and reporting.” NewDay has “close to five million customers in the UK and processes… Read More

February 16, 2023 @ 6:52 am By Omar Faridi  |  

Zopa has announced the acquisition of buy now – pay later (BNPL) platform  DivideBuy. Terms of the transaction were not immediately available. Zopa recently raised £75 million as it gears up for the possibility of more acquisitions. The acquisition is expected to complete in the… Read More

February 15, 2023 @ 11:33 am By Omar Faridi  |  

Wahed has acquired iWill Solicitors, the UK pioneers “in Islamic wills, in a seven-figure transaction.” iWill Solicitors will “become a pillar of Wahed’s financial platform—helping ethical investors to secure the next generation.” Wahed also “acquires True Wills, a pioneering online Islamic will-writing service.” Wahed, a… Read More

February 15, 2023 @ 6:54 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) has used its powers “to enter and inspect several sites around Leeds suspected of hosting illegally operated crypto ATMs.” The FCA gathered evidence from several sites “around the city as part of a joint operation with West Yorkshire Police’s Digital… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 14, 2023 @ 11:37 pm By Omar Faridi  |  

Financial technology company Saldo Bank UAB, formerly Saldo Finance UAB, has announced “the launch of banking operations in Lithuania in February 2023.” Having built regulatory readiness after obtaining a specialized bank license from the European Central Bank, Saldo Bank will “introduce term deposits and continue… Read More

February 14, 2023 @ 11:27 pm By Omar Faridi  |  

In this month’s Mintos Insight, the team at Mintos takes a look at how major asset classes performed in 2022 and how this has “impacted growth in January 2023.” For multiple asset classes, it was a year of “record lows.” Sanctions against Russia (due to… Read More

February 14, 2023 @ 9:05 pm By Omar Faridi  |  

In January, PeerBerry investors funded EUR 52.44 million of loans and received EUR 734 689 in interest. 1495 new investors joined the platform last month, the team at PeerBerry reveals. The average annual ROI (without loyalty interest) on PeerBerry in January “was 11.11%.” At the… Read More

February 14, 2023 @ 3:13 pm By Omar Faridi  |  

Cushon’s primary products are its workplace ISA and master trust pension – which offers an investment strategy “designed to drive down the financed CO2 emissions of customers’ investments.” It also offers Junior and Lifetime ISAs, as well as “a general investment account.” The intended acquisition… Read More

February 14, 2023 @ 3:08 pm By Omar Faridi  |  

T-Systems and Commerzbank have signed a cooperation agreement “for collaboration in the industrial sector.” Together, the two companies are “developing a solution for fully automated supply chains with integrated financial services.” The Telekom subsidiary and the Frankfurt-based bank are “employing technologies such as 5G campus… Read More

February 14, 2023 @ 10:47 am By Omar Faridi  |  

Atlantic Money announced the completion of its pan-European launch. The service is now officially “available across 29 countries and allows users to send up to £/€1mn for a fixed fee of £/€3.” The completion of the EU launch “comes hot on the heels of its… Read More

February 14, 2023 @ 9:01 am By Omar Faridi  |  

The Nordic fintech company Lunar, which is a modern alternative to traditional banks, raises 35 million EUR “to invest in and develop the business and reach profitability even faster.” Founder and CEO of Lunar Group, Ken Villum Klausen, says: “The capital markets that we and… Read More

February 14, 2023 @ 7:55 am By Omar Faridi  |  

Landytech is pleased to announce the completion of its Series A funding of $6m. The funding has been “raised primarily from Adelie Capital and Greenwood Way Capital, a number of family offices and financial influencers also participated in the funding round.” Landytech is a fintech… Read More

February 13, 2023 @ 2:12 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment, and eKYC solutions, has partnered with international gaming operator Sisal “to streamline KYC for its players online.” Based in Italy, Sisal currently “operates in Italy, Morocco, and Turkey, with a range of offerings that includes… Read More

February 13, 2023 @ 12:28 pm By Omar Faridi  |  

The new digital identity framework would provide EU citizens “with digital access to key public services across EU borders,” according to Members of European Parliament (MEPs). The Industry, Research and Energy Committee adopted its position “on the proposed update of the European digital identity framework… Read More

February 13, 2023 @ 11:37 am By Omar Faridi  |  

Archax, the first FCA-regulated digital securities exchange broker and custodian, announced a partnership with ScribeStar, the digital capital markets documentation and compliance platform, in order “to create a fully digital issuance and admissions experience for companies accessing the Archax markets.” Archax’s institutional-grade, regulated exchange and… Read More

February 13, 2023 @ 6:20 am By Omar Faridi  |  

London-based, green Fintech ekko is gearing up for a year of “sustained growth.” The company revealed “a series of unique product updates, and has opened up its service to employers, banks and payment providers for the first time.” These announcements come ahead of “the imminent… Read More

February 11, 2023 @ 3:27 pm By Omar Faridi  |  

2023 starts where 2022 ended, with a “strong wave” of loan originations and investments. Investors added a total of €17,087,257 to their accounts, according to an update from Bondora. And loan originations also launched into the new year “with an impressive €17,137,703.” In January, 2,179… Read More

February 11, 2023 @ 12:45 pm By Omar Faridi  |  

October has been providing financing to Qonto, Europe’s financial management company, for almost two years now. Integrated directly via API with the Qonto platform, October “analyzes customer requests in a few clicks to provide them with an instant loan offer.” With over 40,000 active retail… Read More