Tagged: europe

July 19, 2022 @ 11:15 am By Omar Faridi  |  

After its first monthly operating profit in Q1 FY22, Atom Bank has “delivered three further consecutive quarters of operating profit.” Underlying operating loss “narrowed to £2m – a £34m improvement over the previous year.” Income grew “by over 200%, with costs increasing by just 6%,… Read More

July 19, 2022 @ 8:12 am By Omar Faridi  |  

The team at Mintos has shared their latest Insight report, which is their monthly publication that summarizes what’s been happening on their platform, including wider market updates, educational topics, and other pertinent information. During the last 6 months, the dynamics of the investment market “have… Read More

July 18, 2022 @ 9:34 am By Omar Faridi  |  

In a world where everything is available on demand, being paid once every month is “an increasingly outdated way of doing things for many,” according to an update from Fintech firm Modulr. Leveraging the “unique” pay link between employer and employee to empower workers to… Read More

July 18, 2022 @ 8:35 am By Omar Faridi  |  

For those interested in how Go & Grow works, Bondora recently shared information about what makes it successful (mainly its portfolio distribution). Bondora has provided details on how the claims added to Go & Grow are distributed, the most common ratings, the “most popular” goal… Read More

July 18, 2022 @ 8:32 am By Omar Faridi  |  

This month PeerBerry repaid more than EUR 1.4 million of “war-affected” loans. As confirmed in a blog post, PeerBerry business partners are “repaying EUR 1,2 million of war-affected Ukrainian and Russian short-term loans.” An additional amount of “up to EUR 200 000 of war-affected real… Read More

July 17, 2022 @ 11:15 pm By Omar Faridi  |  

New research from Bank of London and The Middle East (BLME) reveals pandemic restrictions had “little impact” on real estate investment from Gulf Corporation Council (GCC) countries into the UK. Based on in-depth interviews with experts from real estate services companies holding more than £60… Read More

July 17, 2022 @ 10:22 pm By Omar Faridi  |  

CoinShares (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), which claims to be Europe’s largest digital asset investment firm with $1.5 billion in AUM, has announced the listing of their physically-backed staked Algorand ETP on Germany’s primary market Xetra. CoinShares Physical Staked Algorand (Ticker:… Read More

July 17, 2022 @ 9:00 pm By Omar Faridi  |  

Capchase, a provider of non-dilutive capital, has “agreed more than $400 million in additional debt financing backed by i80 Group and an international banking group.” The financing will be used “to provide thousands of SaaS startups in the US and Europe with funding.” In less… Read More

July 17, 2022 @ 2:50 pm By Omar Faridi  |  

ESG Book, which claims to be a global leader in sustainability data and technology, recently announced that Leon Saunders Calvert will join as its new Chief Product Officer, “effective in October 2022.” He will lead the expansion of ESG Book’s product suite, and “drive the… Read More

July 17, 2022 @ 1:34 pm By Omar Faridi  |  

Revolut, the global financial super app, has surpassed 20 million retail customers worldwide, and is now “processing over 250 million transactions a month.” Both achievements come as Revolut “celebrates its seventh anniversary.” Revolut is continuing “to expand its global workforce, topping 5,000 employees globally.” Over… Read More

July 16, 2022 @ 11:17 pm By Omar Faridi  |  

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

July 16, 2022 @ 3:33 pm By Omar Faridi  |  

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

July 16, 2022 @ 10:29 am By Omar Faridi  |  

CIBC Innovation Banking recently announced £40 million of growth financing for London-based Smart, a retirement tech provider. Smart will use the capital “to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.” Smart launched in 2015 with the goal of “making… Read More

July 15, 2022 @ 11:46 am By Omar Faridi  |  

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, announced that it has been selected by Kroo “to provide access to all UK payment schemes as well as accounts for its operational funds.” Kroo recently “secured a full UK banking… Read More

July 15, 2022 @ 9:46 am By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, announced its initial launch into international markets through the acquisition on SharingAlpha, a community of over 15,000 professional fund investors and analysts “located throughout the world, but… Read More

July 15, 2022 @ 8:11 am By Omar Faridi  |  

Investment platform Lightyear has announced a $25M Series A equity round “led by Lightspeed Venture Partners.” The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the investment round “alongside a number of new and existing angel investors.” Joining Lightspeed in this… Read More

July 14, 2022 @ 1:18 pm By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading open banking platform, announced that the innovative credit firm Tymit is delivering “an enhanced experience through instant bank payments for its Credit and Booster customers.” Tymit was founded as “a flexible approach to financing purchases and managing a… Read More

July 14, 2022 @ 8:08 am By Omar Faridi  |  

Motive Partners, a specialized private equity firm focused on financial technology, recently announced the successful final close of its second flagship fund, Motive Capital Fund 2, with total capital commitments of $2.54 billion “for the Fund and its affiliated co-investment vehicles.” The Fund employs “the… Read More

July 13, 2022 @ 11:17 pm By Omar Faridi  |  

ABN AMRO’s (AMS: ABN) freelancer payout solution Payday is launching a new pilot in collaboration with Younited®, the widely-used platform for self-employed workers: the Payday Freelancer Wallet app. The freelance market continues “to flourish and grow,” according to an update from the ABN AMRO.  In… Read More

July 13, 2022 @ 11:08 pm By Omar Faridi  |  

French startup Qori has officially launched services, allowing Europeans to make payments in store, remotely or online with their bank or virtual currency wallets without being required to download a proprietary app. The “pay by bank” and “pay by crypto” tech is currently available to… Read More