Tagged: europe

June 21, 2024 @ 5:55 pm By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France have published the 4th edition of their joint report on the monitoring and assessment of the climate commitments made by Paris financial centre participants. This report is… Read More

June 21, 2024 @ 12:32 pm By Omar Faridi  |  

OpenWealth, the CaixaBank subsidiary dedicated to providing independent wealth advisory services for large clients, surpassed €7.3 billion in assets under supervision at the end of April 2024, reportedly making it “not only the largest wealth advisory firm for Ultra High Net Worth clients, but also… Read More

June 21, 2024 @ 7:10 am By Omar Faridi  |  

Digital bank Revolut is reportedly looking to become the most valuable startup in Europe with a target valuation of around $40 billion. This according to a report from the FT. Sources that claim to be familiar with these plans reportedly told the FT that Revolut… Read More

June 19, 2024 @ 11:36 pm By Omar Faridi  |  

European investment platform Debitum has shared its latest investments updates for the month of May 2024. At the beginning of May, a new Debitum secured Notes Issuer – company Foresto LLC – joined the platform and “issued its first Debitum Notes.” Debitum Investments (DN Operator… Read More

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More

June 19, 2024 @ 12:44 pm By Omar Faridi  |  

Gofingo Group has reportedly repaid PeerBerry investors €350,000 in war-affected loans. These repayments are being processed on the PeerBerry platform “every month in the middle of the month.” Aventus Group’s war-affected long-term loans are repaid “monthly under the initial loan schedules.” In 28 months of… Read More

June 19, 2024 @ 7:53 am By Omar Faridi  |  

Bondora Group has released their latest platform stats for the month of May 2024. In addition to the usual investment, origination, and new investor stats, Bondora has also shared other key details. As noted in a blog post by Bondora, 2,166 more people reportedly “created… Read More

June 18, 2024 @ 3:21 am By Omar Faridi  |  

With a stabilizing tech sector, easing interest rates and an IPO on the horizon, accounting and banking software platform Ageras eyes both growing supply and demand for a pan-European consolidation in the fintech and business software market “servicing Europe’s almost 25 million SMEs.” And according… Read More

June 17, 2024 @ 7:33 am By Omar Faridi  |  

Shift4 (NYSE: FOUR), the enabler of integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has ~65,000 POS locations “across… Read More

June 15, 2024 @ 5:37 am By Omar Faridi  |  

TrueLayer, Europe’s open banking payments network, announces a partnership with digital lender Jaja Finance to enable credit card repayments. Jaja will leverage TrueLayer’s payments product “to offer instant pay-ins, allowing customers to make one-off credit card repayments directly from their bank account.” This functionality is… Read More

June 14, 2024 @ 6:09 pm By JD Alois  |  

Spiko, co-founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, has raised €4 million in pre-seed funding. Spiko is a tokenization platform that claims to be the first provider in the world to offer fully tokenized Money Market Funds (MMFs). The digital assets leverage both… Read More

June 13, 2024 @ 6:18 pm By Omar Faridi  |  

Qred, a bank based in Sweden, states that it is raising the loan limit for small business owners. Customers can now apply for loans “up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount.” The increase is part of… Read More

June 13, 2024 @ 8:29 am By Omar Faridi  |  

In May, HeavyFinance says that it saw the investor community allocate “a total of €1.04M across 37 agricultural projects” using the European platform. As of the end of May 2024, HeavyFinance reveals that a significant sum of €55.92M was “issued in loans since the inception… Read More

June 12, 2024 @ 10:50 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 100 million customers worldwide and the firm focused on regulatory compliance, security and privacy, announced that it has received approval as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This approval follows… Read More

June 12, 2024 @ 12:40 pm By JD Alois  |  

While it should be obvious to everyone, high individual taxes hinder investment and innovation and diminish wealth creation – which can create benefits for all. The flipside to high taxes is a central authority that provides more social services, or entitlements, to the population while… Read More

June 12, 2024 @ 8:21 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced its vision for 100% e-commerce tokenization in Europe by the end of the decade. This supports a global commitment to “phase out manual card entry and make e-commerce safer and more accessible for everyone.” As payments become more intricate, Mastercard is… Read More

June 11, 2024 @ 10:20 am By Omar Faridi  |  

Viva.com, Europe’s acquirer powering payments across 24 countries and any device, and Beobank, a Belgian bank offering personalized products and services to 765 000 individuals clients, self-employed individuals, and SMEs in Belgium, announced a partnership aiming to advance local SMEs’ digital evolution and business growth…. Read More

June 9, 2024 @ 5:38 pm By Omar Faridi  |  

Payhawk, the global spend management solution that helps businesses manage company cards and payments at scale across 32 countries, announced its Q1 2024 business performance results and the launch of its Summer Edition product release that “brings flexibility to the way companies manage spend.” Q1… Read More

June 7, 2024 @ 9:31 am By Omar Faridi  |  

Mastercard (NYSE: MA) has announced the launch of ‘Mastercard For Fintechs’, the company’s new program designed to support fintechs across Western Europe, equipping them with the tools and expertise to drive ongoing growth and propel them to the next level. ‘Mastercard For Fintechs’ has been… Read More

June 6, 2024 @ 7:22 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), a modern spin on a retail brokerage, has announced the pending acquisition of Bitstamp, a crypto exchange that operates across the EU, US, UK and Asia. Bitstamp is a top 20 crypto exchange, currently ranked 16th in the world by Coinmarketcap. The digital… Read More