Tagged: germany

EstateGuru Financed €16.7M in Loans in March, Despite Macroeconomic Changes: Report

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As the EstateGuru team claims to have predicted, the total funded amount in March was “similar to February.” EstateGuru‘s management writes in a blog post that investors “financed €16.7M worth of loans and, despite macroeconomic changes, investor and borrower behavior remains stable.” During March, Estonia… Read More

HCS Pharma Pursues Security Token Offering on EDSX, a Digital Securities Exchange

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French biotech firm HCS Pharma, will be offering pre-IPO securities via a security token offering on the European Digital Assets Exchange or EDSX. EDSX entered the digital security space earlier this month announcing that it had completed all of the necessary requirements to operate as an… Read More

WeOwn Blockchain Announces New Cross-Chain Asset Interoperability

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WeOwn has announced new cross-chain asset interoperability. WeOwn is a blockchain technology provider that targets the lending and equity capital space. Among other services, it aims to allow firms to raise capital via a digital securities or securities token offering. WeOwn is based in Munich,… Read More

Giesecke+Devrient Partners with Patch on Digital Carbon Marketplace

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Germany-based Giesecke+Devrient (G+D) has partnered with Patch, a digital carbon credit marketplace, to provide bank customers with a payment solution. In a release, G+D said the partnership is an expansion of its ecosystem of eco-innovative partnerships that supports banks and Fintechs in their sustainability strategies…. Read More

Berlin based Fintech Upvest Expands Leadership Team, Appoints Ex- UBS MD Markus Maier as COO

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Upvest, the Berlin-based infrastructure Fintech, has expanded its management team and appointed Markus Maier as the new Chief Operating Officer. Maier has previously “worked at UBS and Deutsche Bank and brings more than 25 years of management experience in the securities services and derivatives business.”… Read More

Open Banking Fintech TrueLayer Introduces European Payments with Instant Deposits, Refunds, Withdrawals

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TrueLayer, which claims to be Europe’s leading Open Banking platform, has announced it has launched its “closed-loop” payment product in Ireland, France, Germany, Spain, Lithuania and the Netherlands. As noted in an update shared with CI, traditional payment methods “weren’t built to handle the speed… Read More

US Department of Treasury Sanctions Hydra Market, Garantex, Along with 100 Crypto Wallets Associated with Dark Web Marketplace: $25 Million in Bitcoin Seized

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Yesterday, the U.S. Department of the Treasury sanctioned dark web marketplace Hydra Market, labeling it a pernicious site for malicious cybercrime services, dangerous drugs, ransomware, and other illicit activity. Hydra Market is said to be based in Russia. Also sanctioned, Garantex is a crypto exchange… Read More

Berlin’s Stock Trading Platform, lemon.markets, Acquires €15M via Seed Round

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Lemon.markets, a Berlin-headquartered Fintech firm that helps companies embed trading services through APIs, has secured €15 million via a seed funding round that was co-led by Lakestar and Lightspeed. Creandum and System.one took part in the investment round, along with contributions from angels (like N26… Read More

High-Potential Tech Firms Chosen for Fintech Innovation Lab New York

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Ten emerging tech firms have been chosen to participate in the 2022 Fintech Innovation Lab New York, which is a 12-week program “founded and run by Accenture (NYSE: ACN) and the Partnership Fund for New York City.” The program aims to assist early- and growth-stage… Read More

FT Partners Advises Swedish Acct-to-Acct Payment Provider Zimpler on Equity Funding from Nordstjernan Growth

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Zimpler, a Swedish Fintech within the payments space, has secured new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house “focused on long-term quality growth.” FT Partners advises leading Swedish account-to-account payment provider Zimpler (@zimplers) on its new equity funding round… Read More

FUEL Raises €1.5 Million for No-Code NFT Platform for Creators

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Berlin-based FUEL has announced that it has raised €1.5 million in pre-seed funding to create the “Shopify for NFTs,” according to a company statement. FUEL aims to empower creators to build an NFT shop that requires no coding knowledge. FUEL was co-founded by Csongor Barabasi,… Read More

Insurtech Lemonade Announces Launch of Lemonade Car in Tennessee

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Lemonade (NYSE:LMND), the digital insurance firm that’s powered by social impact, recently announced the launch of Lemonade Car in Tennessee. Following the initial launch in Illinois, Tennessee “marks the second state to feature availability of Lemonade’s newest environment-friendly product.” Hitting “record” snow averages this winter… Read More

Europe Report: Deposit Inflows Fall Off a Cliff, According to Raisin

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Raisin, a European digital bank and savings Fintech, has distributed a report on the European savings market claiming deposit inflows have “fallen off a cliff” after record increases. The analysis provided by Raisin indicates that the savers from the eurozone are saving money at a… Read More

Bitbond Launches Token Tool, a Publicly Available Service that Enables Users to Create Tokens, Including Securities

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  Bitbond has announced the launch of its new product called Token Tool, a service that enables public users to create tokens on Ethereum, Polygon, Avalanche, and BNB Chain. Token Tool can be used to tokenize financial assets such as bonds or stocks, utility tokens,… Read More

Aazzur and Treezor Enter Banking-as-a-Service Partnership

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Aazzur has reportedly agreed to a sales partnership with European Banking-as-a-Service (BaaS) platform Treezor in order to allow both companies to expand their customer base and strengthen their BaaS offering. Treezor will offer its regulatory and technical expertise by providing its payment infrastructure for account… Read More

Berlin’s Konvi Secures $900K in Pre-Seed Funding to Make Rare Assets Accessible

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Konvi, which claims to be first pan-European Crowd-Investment Platform for alternative asset classes, is confirming its $900,000 pre-seed round. Investors reportedly include APX and “value-adding” angel investors including former executives from tech giants like Snap Inc and Shopify. Konvi’s management noted that they are on… Read More

German Crowdfunding Association Criticizes Move to Raise Minimum VC Funding Amounts that Impede Smaller Investor Participation

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The German Crowdfunding Association (Bundesverband Crowdfunding) has issued a statement criticizing new funding guidelines for venture capital grants recently enacted by the German Government. Under the INVEST Grant for venture capital in Germany, smaller investors receive a 25% tax benefit following the sale of the… Read More

Secured Lending Platform EstateGuru Partners with Raisin Bank, Goal is to Provide Over €200 Million in Loans

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EstateGuru, a marketplace lending platform that provides secured loans pairing investors with borrowers, has signed a partnership with Raisin Bank – a banking as a service provider operated by global Fintech Raisin. According to EstateGuru, the Frankfort-based Raisin Bank will provide services to Estate Guru’s… Read More

Digital Banking Platform N26 Says it Will be IPO Ready by End of Year

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Germany’s banking challenger N26 should be ready for an initial public offering (IPO) by the end of this year, according to co-CEO Maximilian Tayenthal, Maximilian told CNBC that by the end of 2022, N26 should be “structurally IPO-ready,” During an interview with the media outlet… Read More

EstateGuru Reports Germany, Estonia Contributing Over Half of Total Funding via Platform in Jan 2022

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The first month of this year saw €16.3M in loans originated via EstateGuru with Estonia and Germany together contributing more than half the total amount of funding. Due to seasonality, repayments came in at a “modest” at €2.5M, accounting for 23 loans with “an average… Read More

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