Digital banking group Penta announced on Tuesday it has topped up its Series B+ investment round. The company reported the total investment now amounts to €30 million. As previously reported, Penta describes itself as a digital platform for business banking that is aimed… Read More
Last year, the European Union approved pan-European crowdfunding rules that will apply to all member states thus finally offering a harmonized approach to online capital formation. Crowdfunding advocates and European platforms had long recognized the unnecessary friction intrinsic to raising capital based on national regulations… Read More
The total value of venture capital secured by UK-based firms surged to the highest level in Q4 2020 according to estimates from Refinitiv Deals Intelligence. UK firms secured £2.4 billion in capital from 137 different deals during the last three months of 2020, which is… Read More
Auxmoney, a marketplace lending platform that serves both private and institutional investors, recently hired Carsten Höltkemeyer, the former CEO of Barclaycard Germany, in order to serve as the lender’s board chairperson. This move has come as part of a shake-up of Auxmoney’s senior management. Auxmoney,… Read More
The team at Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, has announced the second round of OceanDAO (distributed autonomous organization or DAO) grant results. The developers at Ocean Protocol, who… Read More
Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has teamed up with Bestow, a “full-stack” life insurance firm. Powered by Bestow’s Protect API, Lemonade clients may apply for “instant,” and… Read More
Banxware, a Germany-based financial service provider, recently announced it secured €4 million through its first seed funding round, which was led by Force over Mass and VR Ventures. Founded in 2020, Banxware describes itself as a software provider for Embedded Financial Services. The company enables… Read More
Neufund, a European Fintech startup with “a mission to open the world of finance: create new markets and bring together assets, investors, and entrepreneurs,” recently shared its product update for January 2021. Neufund noted that their professional team has just returned from “a well-deserved” break,… Read More
Authorities in Germany have reportedly “confiscated” over €50 million in Bitcoin (BTC) from a fraudster. But there’s just one problem. The officials are unable to unlock the account because the fraudster won’t give them the password or the SEED phrase needed to gain access to… Read More
The team at Bondora, a European peer to peer lending platform, states that the first month of 2021 is “setting the tone” for the year to come. Bondora notes that the Fintech sector is still growing steadily. including Portugal’s financial technology industry as the country… Read More
German Finance Minister Olaf Scholz is taking some heat from various politicians as fingers look for somewhere to point blame. Social Democrat Scholz, along with his deputy Joerg Kukies continue to deny responsibility for the collapse of Wirecard AG (WDI.F), a Fintech that was once… Read More
Germany is starting the year on a high note in regards to VC Fintech investment according to a report. In fact, Fintech investments experienced a volume of €275 million in January 2021 said to be the second-best start to the year ever after 2019 only…. Read More
Mambu, a cloud banking service provider that powers the likes of N26, ABN AMRO, OakNorth and more, says it experienced a 100% year over year growth in 2020. The rapid rise of Mambu was driven by the 26 financial institutions that signed up for Mambu’s… Read More
INZMO, a Germany-based insurtech startup, announced on Thursday it secured €3.1 million through its latest seed investment round, which was led by Change Ventures with participation from Swiss insurance giant Helvetia. Founded in 2016, INZMO aims to simplify the insurance process with its full-stack… Read More
Germany-based lending company Commerzbank has announced that it will be cutting around 10,000 jobs and will permanently shut down 340 branches by 2024. The company confirmed that it plans to focus more on its digital transformation strategy so that it can lower operational costs and… Read More
Digital-only banking platform N26 has appointed a new Chief Financial Officer as Maximilian Tayenthal becomes the Fintech firm’s co-CEO. Dr. Jan Kemper is N26’s latest executive hire. Berlin-headquartered neobank N26 confirmed that it promoted company co-founder Maximilian Tayenthal to serve as co-CEO along with current… Read More
European real estate firm Vonovia has reportedly issued a €20 million digital bond on the Stellar blockchain or distributed ledger tech (DLT) platform through a partnership with firstwire, a web-based marketplace for handling debt financing, and Bitbond, which is Germany’s tokenization and digital asset custody… Read More
Berlin-headquartered Elinvar, a Fintech firm that aims to assist wealth managers and private banks with digitizing their business processes, has secured €25 million in capital. Elinvar’s platform outsources key processes such as client relationship management, digital onboarding, onsite advisory services, investment management, reporting, invoicing, online… Read More
Founded by Christian Wiens and Marius Simon in 2015, Getsafe entered the UK insurance market about one year ago. The Germany based Insurtech has posted some information looking back at the last 12 months. In December, Getsafe secured a $30 million funding round led by… Read More
Wealthpilot, a Germany-based wealth management platform, announced on Wednesday it secured €8 million through its latest investment round. According to Wealthpilot, the total amount includes a contribution of €3.4 million from investor Seventure, with the remainder coming from previous investors Bayern Kapital, MIG Fonds,… Read More
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