Tagged: europe

March 23, 2023 @ 8:34 am By Omar Faridi  |  

Berlin-headquartered B2B-focused Buy Now, Pay Later Fintech Mondu is reportedly opening a new office in London and appointing a UK-based professional sales team. The recent UK launch has come on the heels of the firm’s ongoing expansion into the Netherlands as well as Austria, offering… Read More

March 23, 2023 @ 8:02 am By Omar Faridi  |  

ID Finance has announced a €30M investment “led by a leading UK-based asset manager, Kingsway Capital.” The transaction “has been officially endorsed by the Spanish Council of Ministers, after obtaining a favorable review from the External Investment Board, thus officially becoming the biggest investment inflow… Read More

March 22, 2023 @ 11:49 pm By Omar Faridi  |  

Swiss payment startup Centi announces the launch of its Swiss Franc pegged stablecoin, backed 1:1 by a Swiss bank, which will “serve as the basis for Centi’s groundbreaking Global Payment Network.” Combining the efficiency of blockchain technology with the rigor of Swiss banking, Centi has… Read More

March 22, 2023 @ 10:33 pm By Omar Faridi  |  

Arf, the Swiss-regulated global settlement banking platform, with support from the Stellar Development Foundation, is now offering what it claims is “the world’s first unsecured, short-term, USDC-based working capital financing solutions for licensed financial institutions.” Making cross-border payments faster, cheaper, and more transparent and inclusive… Read More

March 22, 2023 @ 12:14 pm By Omar Faridi  |  

Estonia-based crypto startup CryptoWallet.com has reportedly become one of the first crypto companies to receive a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). CryptoWallet.com claims it “renewed its crypto license despite strict regulatory measures introduced last year to maintain compliance and transparency within… Read More

March 22, 2023 @ 8:23 am By Omar Faridi  |  

Given the recent market landscape, which has been fraught with geopolitical tensions, rampant inflation, interest rate hikes, and generally volatile conditions, Estateguru management decided “to increase the capital reserves of the company at the start 2023, and raised additional capital from its founders, existing shareholders… Read More

March 22, 2023 @ 8:21 am By Omar Faridi  |  

Card issuing and processing pioneer Enfuce has teamed up with UK neobanking start-up Science Card in order to launch a payments card, which forms “part of a new infrastructure for funding scientific research, designed to create the future earlier rather than later.” Science Card’s customers… Read More

March 21, 2023 @ 6:17 pm By Omar Faridi  |  

NatWest Group is making its new Customer Attribute Sharing service available to businesses as “an embedded digital ID solution after signing a deal with identity service provider OneID.” The bank is rolling out the service, “in collaboration with OneID, across a wide range of use… Read More

March 21, 2023 @ 8:50 am By Omar Faridi  |  

Bluestone Group, the European financial services business headquartered in the UK, announced that it has agreed terms for the sale of its UK mortgage lending and portfolio servicing operations, Bluestone Mortgages Limited (BML) to Shawbrook Group plc. Under the terms of the transaction, Bluestone’s holding… Read More

March 21, 2023 @ 8:47 am By Omar Faridi  |  

Mars Growth Capital, a joint venture between MUFG and Liquidity Group, announced their first Nordic deal, with a $5 million funding in Kognity, an edtech company headquartered in Sweden. Kognity offers a digital teaching and learning platform “used by more than 140,000 students in 1,300… Read More

March 20, 2023 @ 8:20 am By Omar Faridi  |  

Manchester-based Fintechs, BankiFi and Financielle have announced the joint launch of a new playbook for small-to-medium sized enterprises (SMEs), “giving business owners back their most valuable asset – time.” The new playbook has been designed “to help SMEs, especially those that are female led, to… Read More

March 20, 2023 @ 8:18 am By Omar Faridi  |  

Treasury Prime, the embedded banking software platform, recently announced the launch of OneKey Banking. This “first-of-its-kind” technology enables Treasury Prime customers “the ability to unlock the full potential of the industry’s largest bank network (15+ financial institutions) using instant cross-bank transfers (network transfers).” OneKey Banking… Read More

March 19, 2023 @ 11:27 pm By Omar Faridi  |  

At a time when the UK and US tech sectors were exposed to what can only be described as financial chaos, Payhawk, the spend management solution for domestic and international businesses throughout Europe, the US, and the UK, continued “to show their dedication and support… Read More

March 19, 2023 @ 10:58 pm By Omar Faridi  |  

2023’s figures continue to “exceed expectations,” according to an update from investment platform Bondora. Investments for February via Bondora have “topped €20M for the first time in years, with a total of €20,660,543.” Increasing by 12.2%, loan originations on Bondora “totaled €19,228,733.” This is the… Read More

March 19, 2023 @ 10:56 pm By Omar Faridi  |  

The team at Debitum notes that platform performance in February reveals a solid start of the year. New Loan originator – Flexiadea Polska – assets are “available for investments; increased rates for existing Loan Originators; improvements of the platform (‘About us’ section rebuilt); new deposits… Read More

March 19, 2023 @ 10:55 pm By Omar Faridi  |  

In the latest Insight report, Mintos takes a look at how alternative lending has been gaining momentum. They focus on Southeast Europe (SEE), which in recent years has “seen the emergence of non-bank financial institutions offering accessible and convenient financial services.” Mintos delve into the… Read More

March 19, 2023 @ 10:53 pm By Omar Faridi  |  

Over the past 17 years, European P2P platforms have “attracted more than $11 billion through funding rounds,” according to an update from Robo.cash. Robocash writes in a blog post that most of the money raised “comes towards the mixed sector of business and consumer lending.”… Read More

March 19, 2023 @ 10:51 pm By Omar Faridi  |  

PeerBerry business partners are “repaying EUR 1.7 million of war-affected loans.” Under the Group guarantee mechanism in 13 months of the war, PeerBerry business partners have already “repaid EUR 34.8 million, or 69,3% of the total war-affected obligations towards PeerBerry investors.” Remember that AutoMoney UA… Read More

March 19, 2023 @ 7:19 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for leading businesses, announces that it has further “advanced its digital authentication solution, with ongoing pilots realizing a conversion uplift of up to 7%.” Engineered to optimize authorization and therefore end revenue, the company’s expanded… Read More

March 19, 2023 @ 7:18 pm By Omar Faridi  |  

Okcoin is pleased to announce “the appointment, subject to regulatory approval, of Erald Ghoos as General Manager of Okcoin Europe, based in Malta, and David Renold as Chief Executive Officer of OKG Payments, Okcoin’s Ireland-based affiliate.” OKG Payments plans “to provide permitted products and services… Read More