Tagged: europe

June 3, 2021 @ 7:41 am By Omar Faridi  |  

Switzerland-based Fintech firm neon has secured 7 million CHF (appr. $7.78 million) from existing investors and has also launched a crowdfunding round for clients. The neon team notes: “Excessive fees, inflexible opening times, too much bureaucracy and complicated apps. To us, it was clear: it… Read More

June 3, 2021 @ 7:36 am By Omar Faridi  |  

Sentinels, the Dutch company behind an AI-enhanced transaction monitoring system, has secured €5.7 million through a seed funding round. As explained on the company’s website: “Sentinels optimizes your existing anti-money laundering and transaction monitoring processes at the root by generating real-time actionable client insights. Your… Read More

June 2, 2021 @ 11:27 pm By Omar Faridi  |  

Carrousel Digital, the London-headquartered financial boutique, and its partner, Paris-based Marbeuf Conseil et Recherche, the digital security developer, have introduced Moneytak, a system that supports the transfer of funds or documents between two digital objects without needing a connection to a server when the transaction… Read More

June 2, 2021 @ 10:32 am By Samantha Hurst  |  

  SC Ventures, the venture unit of Standard Chartered Bank, announced on Wednesday it has joined forces with digital asset company BC Group to establish digital asset brokerage and exchange for institutional, as well as corporate clients, in the UK and Europe. According to the… Read More

June 2, 2021 @ 10:21 am By Omar Faridi  |  

Mark Skehill has reportedly been hired as Enterprise Sales Manager – UK and Western Europe at ECOMMPAY, a global payment service platform and also a direct bank card acquirer with its own Fintech solutions. Mark Skehill has been recruited as part of ongoing growth for… Read More

June 2, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling has been accredited by the British Business Bank as a lender under the government-backed Recovery Loan Scheme (RLS), which is the successor to the Coronavirus Business Interruption Loan Scheme (CBILS). Starling had previously been approved as a lender under the initial… Read More

June 1, 2021 @ 11:07 pm By Omar Faridi  |  

Ikigai, an established wealth management and banking app for affluent Millennials, has secured nearly £2 million in capital through a crowdfunding campaign via CrowdCube. The funds raised will be used to accelerate ikigai’s product roadmap and enhance its technology team. The total funds secured equates… Read More

June 1, 2021 @ 10:20 pm By Omar Faridi  |  

UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More

June 1, 2021 @ 4:12 pm By Omar Faridi  |  

BondIT, an established provider of asset and wealth management tech, has hired Dr. David Curtis as its Partner and Head of Global Client Business. In his new role, Curtis will be expected to lead BondIT’s business expansion internationally in order to meet the rising demand… Read More

June 1, 2021 @ 3:19 pm By Omar Faridi  |  

Berlin-based wefox, a leading digital insurance firm, has acquired $650 million in capital as part of a Series C round. wefox now reports a post-money valuation of $3 billion. This latest investment round represents the largest Series C to date for an Insurtech (internationally), according… Read More

June 1, 2021 @ 12:43 pm By Omar Faridi  |  

Wealth management providers are always looking to empower their customers with the best financial security and equitable access to the appropriate financial services. But they may be challenged because of the costly, inefficient, and outdated technology solutions being offered today. WealthOS is introducing what it… Read More

June 1, 2021 @ 7:35 am By Omar Faridi  |  

UK based money app Ziglu, which has been developed by Mark Hipperson, one of the founders of Starling Bank, reveals that it will be introducing an investment product offering that will provide an interest rate of 5% APY. Called Sterling Boost, the product will be… Read More

June 1, 2021 @ 7:32 am By Omar Faridi  |  

As Germany’s very first regulated trading platform for crypto-assets, Boerse Stuttgart Digital Exchange (BSDEX) now also provides investors a mobile app for trading major digital currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP. The mobile app is currently available via app stores… Read More

May 31, 2021 @ 4:44 pm By Omar Faridi  |  

Digital banking Unicorn Revolut reveals that May 2021 could potentially have been its best month ever in terms of product updates and overall progress. The Revolut team notes in a blog post that they introduced Version 8.0 of their Fintech app which added new Gift… Read More

May 31, 2021 @ 8:53 am By Omar Faridi  |  

UK-based payments platform GoCardless notes that Yorkshire Energy CEO Anne Faulder, who has a background in executive roles in local and central government (and the NHS), understands how building a “strong culture” around shared values is “vital” for any business that wants to “make a… Read More

May 31, 2021 @ 8:27 am By Samantha Hurst  |  

    Viva Wallet, a Greece-based neobank startup, recently announced its new Tap On Phone feature on its new POS app. According to Viva, the feature turns any Android mobile into a card terminal. “With the new payment solution, merchants no longer must wait for their card… Read More

May 31, 2021 @ 7:59 am By Omar Faridi  |  

Sweden’s reserve bank will reportedly be working cooperatively with commercial lender Handelsbanken in order to test out how the nation’s proposed digital currency, the e-krona,  may handle payments in the real world, the Riksbank revealed on Friday (May 28, 2021). Reserve banks across the globe… Read More

May 30, 2021 @ 4:41 pm By Omar Faridi  |  

Railsbank, an established embedded finance platform, has reportedly hired Ben Smith as General Manager for Australia as the banking-as-a-service (BaaS) platform expands operations across the Asia Pacific (APAC) region. Smith has earned a degree in Chemistry from The University of Manchester before he moved to… Read More

May 30, 2021 @ 2:34 pm By Omar Faridi  |  

Total trade volume between Qatar and the United Kingdom reportedly reached £7 billion last year, even though there were restrictions in place (partly due to COVID). The strong trading activity is also being reported after various challenges related to the pandemic and resulting socioeconomic uncertainty,… Read More

May 29, 2021 @ 8:15 pm By Omar Faridi  |  

Baloise, a Swiss insurance holding firm, has introduced its mobility accelerator with the goal of supporting innovative projects launched by early-stage startups under the new tagline Mobility@Baloise. This latest initiative from Baloise (in Switzerland) has come as the company launches its information platform, which has… Read More