Tagged: europe

May 1, 2021 @ 7:10 pm By Omar Faridi  |  

UK-based Fintech Cashplus, which recently received approval to become a regulated bank after operating as an e-money institution for many years, has expanded its board by welcoming Francesca Shaw as a non-executive director. Shaw will also serve as Chair of the digital bank’s audit committee… Read More

May 1, 2021 @ 3:56 pm By Omar Faridi  |  

ClearBank, the UK’s first “new clearing bank” in over 250 years which aims to bring open competition and transparency to the nation’s financial services sector, has published a report covering the working relationships between banks and Fintechs. The report is titled, How Well are Fintechs… Read More

April 30, 2021 @ 1:07 pm By Omar Faridi  |  

Endeit Capital, a European growth capital company, which is considered to be a leading European tech startup investor, has reportedly committed to investing €250 million into Europe’s digital sovereignty ecosystem. Endeit Capital has acquired this amount of capital within a record time so it can… Read More

April 30, 2021 @ 12:05 pm By Omar Faridi  |  

London-based SumUp, a global payments service provider, revealed on Tuesday (April 27, 2021) that it has appointed its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1, 2021. As mentioned in a release shared with… Read More

April 30, 2021 @ 11:07 am By Omar Faridi  |  

Proptech platform LendInvest notes that its founders began operations in response to a UK mortgage market that’s “fundamentally broken.” The LendInvest team points out that for many years, it’s been a market mostly dominated by banking institutions, and acquiring a mortgage can be one of… Read More

April 30, 2021 @ 9:13 am By Omar Faridi  |  

London-based IOWArocks, the international marketplace for data, technology, and services, has reportedly added First To Invest to their platform. First To Invest leverages Big Data and natural language processing (NLP) technologies to gather, structure, and share key events related to public, private firms, and specific… Read More

April 30, 2021 @ 8:07 am By Omar Faridi  |  

Berlin-based Fintech Vivid Money, a mobile banking app provider, has secured €60 million in capital through a Series B round that was led by Greenoaks along with participation from existing investor Ribbit Capital. This latest investment round gives Vivid Money a €360 million valuation. Founded… Read More

April 30, 2021 @ 7:50 am By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes in a blog post that Brexit and the COVID-19 outbreak have had “dramatic effects on the price of shipping.” MarketFinance adds that if your business uses suppliers that are based in other… Read More

April 29, 2021 @ 11:47 pm By Omar Faridi  |  

Thought Machine, a company that builds Cloud-native technology for banks, has reportedly integrated Wise‘s (formerly doing business as TransferWise) global money transfer platform into its core banking engine, Vault. The integration should allow Thought Machine‘s banking and Fintech clients the option to use Wise’s fast… Read More

April 29, 2021 @ 10:27 pm By Omar Faridi  |  

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, says its goal has always been to offer investors and advisors with the data required to “optimize” how the world’s capital is “put to work.” The Addepar team noted in a recent… Read More

April 29, 2021 @ 10:03 pm By Samantha Hurst  |  

  Trust Payments, a global digital payments company, announced on Thursday it has expanded into Ireland, with the plans to open an office in Dublin city center. Founded in 1997, Trust Payments group power the online payments of some of the world’s most well-established companies,… Read More

April 29, 2021 @ 11:30 am By Samantha Hurst  |  

Alphagreen, a European CBD marketplace, has raised nearly £1.7 million through its equity crowdfunding campaign on Seedrs.  Founded in 2019, Alphagreen Group describes itself as a high-growth technology and pharmaceutical trading business. “Alphagreen Group works with top Cannabis brands globally to sell high-quality non-psychoactive products (e.g…. Read More

April 29, 2021 @ 8:30 am By Omar Faridi  |  

London-based Fintech firm Paymentsense, which helps small businesses take card payments, has published a 2021 UK job market report that covers how the COVID-19 outbreak has led to new business growth. During the past year, UK residents have beeen investing in their “ambitions,” by launching… Read More

April 29, 2021 @ 7:22 am By Omar Faridi  |  

London-based WorldRemit, a global cross-border payments firm, reveals that it has been recognized for having the “best app” for international money transfers. Investopedia has reportedly named WorldRemit as the ‘Best for International Transfers’ as part of its ‘Best Money Transfer Apps of 2021’ awards. The… Read More

April 28, 2021 @ 10:20 am By Samantha Hurst  |  

Viva Wallet, a Greece-based neobank startup, has reportedly secured $80 million through its latest investment round. The company raised €500 million in capital to support its virtual banking business this previous summer. Founded in 2010, Viva Wallet describes itself as a European fintech disruptor on a… Read More

April 28, 2021 @ 8:04 am By Omar Faridi  |  

Volt, an open payments gateway, revealed on Wednesday (April 28, 2021) that it has developed new cash management functionality. It offers merchants and payment service providers with full visibility of Open Banking payments made via the UK’s Faster Payments Service and the European SEPA Credit… Read More

April 28, 2021 @ 8:01 am By Omar Faridi  |  

The Helvetia Venture Fund is reportedly making an investment in Germany’s Baufi24, a property finance firm, by acquiring its shares as part of a Series A round. btov, a VC company, has also taken part in the investment round along with Helvetia Venture Fund. The… Read More

April 28, 2021 @ 12:47 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Tuesday (April 26, 2021) that “poor sentiment” for Bitcoin led… Read More

April 27, 2021 @ 7:05 am By Omar Faridi  |  

European peer-to-peer lending platform Bondora recently shared details regarding its 2020 portfolio performance. The Bondora team notes that after remaining quite steady at 17.4% for two straight months, the 2020 return rate for originations increased “ever so slightly to 17.5% in March.” The P2P lender… Read More

April 26, 2021 @ 10:03 pm By Omar Faridi  |  

Compliance tech and data analytics provider SteelEye plans to address market abuse and communications monitoring with lexicon technology. The new tech can reportedly monitor over 6x as many search terms as a typical lexicon. SteelEye’s product has been developed in a manner that adheres to… Read More