Tagged: europe

January 9, 2023 @ 1:10 am By Omar Faridi  |  

XeroE, which provides emission-free deliveries, using their science-based software for impact-driven businesses, has acquired 56% (£256,076) of its £450,004 target from 86 investors (at the time of writing) through the firm’s crowdfunding campaign, carried out via Seedrs. Located in London, XeroE operates in the Automotive… Read More

January 8, 2023 @ 10:27 pm By Omar Faridi  |  

Student Rents,  an SaaS rental platform, allowing agents “to advertise properties, students to find them and both to manage tenancies,” has raised 116% (£464,084.10) of its £400,000 target from 157 investors (at the time of writing) via Crowdcube with 4 days left in the firm’s… Read More

January 8, 2023 @ 8:07 pm By Omar Faridi  |  

Starling Bank expects to “more than quadruple its pre-tax profits in its Annual Results for the year ending 31 March 2023.” According to an update shared with CI, the bank “generated annualized pre-tax profits of more than £250 million on the back of almost £600… Read More

January 7, 2023 @ 3:35 pm By Omar Faridi  |  

Vestd has introduced a new simplified version of its equity management platform to help startups, SMEs and investors with organizing, managing and tracking shareholders and ownership. Vestd Lite is currently available for UK-headquartered firms to quickly issue shares among staff, manage shareholders and view their… Read More

January 7, 2023 @ 12:27 pm By Omar Faridi  |  

Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced a definitive agreement “to acquire Imburse Payments, a Swiss-based modern payments platform.” Imburse’s cloud-native software-as-a-service (SaaS) payment solution is “built for the insurance industry.” The modern… Read More

January 6, 2023 @ 8:50 am By Omar Faridi  |  

International insurtech bolttech announced the appointment of Dr. Jens Schädler as Chief Executive Officer (CEO), Europe. Based in Switzerland, Jens will “provide strategic leadership across bolttech’s Europe operations, driving new and existing market and partnership growth.” Taking over from Andrew Cons, Jens’ role is “effective… Read More

January 6, 2023 @ 8:48 am By Omar Faridi  |  

This week Zopa Bank has crossed the £3 billion deposits milestone, while their customers have collectively “opened 150,000 accounts to grow their savings faster in today’s challenging environment.” Zopa’s ambition is “to make the hundreds of billions in “zombie money” sitting idle in UK current… Read More

January 5, 2023 @ 11:55 pm By Omar Faridi  |  

Coinmotion, a Finland-based cryptocurrency service provider, has obtained confirmation from the Bank of Spain as “a valid provider of virtual currency exchange services for fiat currency and custody of electronic wallets with the registration number D741.” This means that Coinmotion “reinforces its presence in the… Read More

January 5, 2023 @ 10:48 pm By Omar Faridi  |  

PPRO, which claims to be the leading provider of digital payments infrastructure, has announced that it has expanded its coverage of the Portuguese market by integrating MB WAY, Portugal’s leading mobile wallet provider, onto its platform. This development comes “as a result of PPRO’s long-standing… Read More

January 5, 2023 @ 10:17 pm By Omar Faridi  |  

Instead of dealing with different platforms and currencies, receipts and invoices, and arguing with banks over spend limits, you can consider using services provided via Juni. The company explains that with automatic receipt generation, real-time spend insights and Google Ads invoices auto-pulled into your account,… Read More

January 5, 2023 @ 9:43 pm By Omar Faridi  |  

Working with eleven international entities, CaixaBank has formed a European research consortium “to explore ways to improve cybersecurity by leveraging artificial intelligence (AI) and big data.” The project, AI4CYBER, is “part of the Horizon Europe program for research and innovation, funded by the European Union.”… Read More

January 5, 2023 @ 10:48 am By Omar Faridi  |  

Bondsmith, the UK’s provider of cash management and savings solutions to the wealth management industry, has become a principal member of Visa, a key player in digital payments, “to further its mission of improving the wealth management industry through embedded banking services.” “Super-apps” and fintechs… Read More

January 5, 2023 @ 10:26 am By Omar Faridi  |  

EY has today announced plans to establish a new Business Research Innovation Technology and Engineering (BRiTE) Hub in Bristol, as it looks “to ramp up capabilities in financial services design, data analytics and engineering to create practical and tangible solutions to some of the big… Read More

January 5, 2023 @ 9:16 am By Omar Faridi  |  

A survey of more than 1,000 European business leaders based in the UK, Belgium and the Netherlands, by Vodeno/Aion Bank has found: More than half (51%) believe BaaS will make traditional banking obsolete 58% said BaaS providers offering a licence alongside a tech solution will… Read More

January 4, 2023 @ 3:21 pm By Omar Faridi  |  

Investment platform Robo.cash reports that loans worth €18M “were purchased” during December 2022. The team at Robocash also mentioned that 669 new customers started investing via their platform in December 2022. Investors reportedly “received €781,000 in interest.” Robo.cash also confirmed that they have “updated the… Read More

January 4, 2023 @ 11:45 am By Omar Faridi  |  

In 2022, PeerBerry investors “funded EUR 537.5 million in loans.” In total, during the entire period of PeerBerry’s activity (within 5 years of the platform’s operation), PeerBerry’s investors “funded EUR 1.5 billion in loans.” According to the monthly volume of funded loans, PeerBerry claims it… Read More

January 4, 2023 @ 8:39 am By Omar Faridi  |  

Solaris, which claims to be Europe’s “leading” embedded finance platform, announced changes to its management board. This move is linked to Solaris‘ new target operating model “following a corporate strategy update and the recently communicated CEO succession.” Carsten Höltkemeyer, who took office as CEO designate… Read More

January 3, 2023 @ 9:56 pm By Omar Faridi  |  

Caixa Geral de Depósitos (CGD), the Portuguese state-owned banking corporation, and the largest bank in Portugal, has chosen “to implement regulatory reporting software from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR).” OneSumX for Regulatory Reporting “combines bank data into a single source of data… Read More

January 3, 2023 @ 8:33 am By Omar Faridi  |  

When conducting business overseas, companies of all sizes can be hampered by slow payment times, high costs and limited transfer options, according to an update from Paysend. However, these barriers are “particularly cumbersome for SMEs, which have fewer resources in terms of workforce and cash… Read More

January 2, 2023 @ 9:37 pm By Omar Faridi  |  

TapTop, which is reportedly led by ex-Morgan Stanley, Credit Suisse & PayPal, and is aiming to build “an American Express with cryptocurrency,” has raised 106% (£85,143) of its£80,003 target from 96 investors (at the time of writing) with 9 days left in the firm’s crowdfunding campaign,… Read More