Tagged: germany

€250 Million Fund Established by European Growth Capital Firm Endeit Capital, a Digital Sovereignty, Internet Startups Supporter

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

German Fintech Vivid Money Secures €60M from Greenoaks, Ribbit Capital, Reaches €360M Valuation

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

Bank Branches in Germany Closing at Record Pace

Bank branches are closing at a record pace according to Deutsche Bundesbank. Perhaps boosted by COVID-19, the emergence of Fintech and the fact that no one under a certain age wants to visit a physical bank branch is obviously driving closures of these once ubiquitous… Read More

London based Fintech Tide Reveals that UK Remains Popular Destination for EU Company Founders

The United Kingdom remains a popular destination for EU-based company founders, according to a blog post recently published by UK-based challenger bank Tide. Brexit might have “severed” the UK’s political ties to the continent, however, it does not appear to have negatively impacted the UK’s… Read More

London’s Fintech Startup Fintern Acquires £32M in Capital to Expand Access to Affordable Loans in UK Markets

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More

Insurtech: Lemonade, Powered by AI and Behavioral Economics, Is Readying its “Lemonade Car” for Launch Within a Year

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

Switzerland based Banking Solution Provider CREALOGIX Hires Fintech Professional Jordi Perez as Regional MD

Switzerland-based banking solution provider CREALOGIX has reportedy hired Jordi Perez to serve as its Regional Managing Director. Perez is expected to take on the responsibility for CREALOGIX’s business operations in Austria, Germany, and Switzerland. He will be overseeing operations in other Central European countries as… Read More

Online Lender creditshelf Reports Best Quarter Ever in Regards to Loan Originations

Creditshelf, an online lender serving SMEs in Germany, says it experienced its best quarter in company history. During Q1 2021, creditshelf said it increased its arranged loan volume by 224% to € 37.6 million versus Q1 2020 of € 11.6 million. Growth came from both… Read More

Digital Securities: Binance Now Offers Security Tokens of Listed Shares, Starts with Tesla

Binance has announced the launch of digital securities including fractional shares with zero commissions. The world’s largest digital asset exchange has taken a natural next step to offer investors both traditional and crypto-assets. Binance is providing the service in partnership with CM-Equity AG, licensed in… Read More

Marketplace Lender auxmoney Receives €250 Million From Citigroup and Chenavari Investment Managers

auxmoney, a marketplace lender based in Germany, has received €250 million for loans from Citigroup and Chenavari Investment Managers. Chenavari is a credit-focussed asset manager with core expertise in European markets. auxmoney reports that it is now co-investing for the first time alongside partners as… Read More

IDNow Says Germany’s Recent Decision to Allow Video ID Validates Strategy

On April 1, 2021, the German Federal Network Agency (Bundesnetzagentur) posted an update on “electronic trust services” in regards to video identification. Pointing to this update, IDNow said the decision to allow AI (artificial intelligence) based identification methods for new use cases in Germany is… Read More

Astorya, Search Engine for Insurance and Banking Tech, Reviews 10 Years of Insurtech in Europe

Astorya.io, which aims to serve as the search engine for Insurance and Banking technologies, has published a blog post, titled InsurTech Europe: 10 Years Of InsurTech In Europe Analyzed Through 800+ Startups (based on data from astorya.io). While discussing how InsurTech startups are gaining considerable… Read More

Germany: Investment Crowdfunding Declines to €400 Million in 2020, €100 Million Reported in Q1 2021

In 2020, over €400 million was invested into securities offerings in Germany via crowd investing or investment crowdfunding platforms according to research by Crowdinvest.de augmented by data from Bundesverband Crowdfunding (the German crowdfunding association). The first quarter of 2021 saw approximately €100 million. According to… Read More

CEO Christin Friedrich CEO Discusses Pivot at Innovestment, Pan-European Crowdfunding Changes & Challenges in Germany

Christin Friedrich is CEO and majority shareholder of Innovestment, an alternative financing platform founded in 2012 that is focused on the long-term sustainable impact for SMEs based in Germany. She is also chairwoman of the board of the European Crowdfunding Network (ECN), the association that… Read More

Germany Tests Securities Settlement Using Blockchain: Deutsche Börse, Deutsche Bundesbank and Germany’s Finance Agency Take Step Towards Digital Securities

Several German financial institutions announced a successful step in the direction of enabling digital securities or tokenization of securities. According to a public statement, Deutsche Börse, Deutsche Bundesbank and Germany’s Finance Agency have developed and successfully tested a settlement process for securities. using distributed ledger… Read More

creditshelf’s Co-Founders Dr. Tim Thabe and Dr. Daniel Bartsch See Management Contract Extended through 2023

creditshelf Aktiengesellschaf has announced that its management board has renewed contracts with the Fintech’s c0-founders Dr. Tim Thabe and Dr. Daniel Bartsch. Thabe and Bartsch will continue to run the company until at least the end of 2023. Simultaneously, Dr. Mark Währisch is said to… Read More

German Stock Exchange Operator Deutsche Börse Says Quantum Computing in Risk Management May be Introduced in a Few Years

Deutsche Börse, the German stock exchange company, has reportedly completed the pilot or testing of various quantum computing algorithms which are used to evaluate or create risk models. The pilots found that quantum tech may bring down the time needed for certain simulations from years… Read More

SPACs and Real Estate Crowdfunding: Berlin’s iFunded, Klickown are Partnering Investunity AG so they Can Soon be Listed

Crowdinvesting or crowdfunding for real estate has long been considered a major potential market. However, there are a number of platforms that have downsized during the past year, even some established players like Exporo. Notably, the first Germany-based firm that’s set to go public through… Read More

Creditshelf and Commerzbank Extend Partnership

Creditshelf Aktiengesellschaft and Commerzbank AG have announced the extension of a partnership that has been in place since 2019. Creditshelf is an online lending platform for German SMEs. Creditshefl, which was founded in 2014 and is based in Frankfurt am Main, arranges bank-independent, flexible financing… Read More

Digital ID Verification Service IDnow Acquires identity Trust Management AG, a Global Provider of ID Software from Germany

IDnow, a provider of identity verification-as-a-service solutions, will be acquiring identity Trust Management, a global provider of digital and offline ID verification software from Germany. IDnow confirmed that it would continue to maintain identity Trust Management’s Düsseldorf location and will retain its employees as well…. Read More

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