Tagged: germany

France-based Digital Bank Qonto Secures $115 Million via Series C Round Led by Tencent, DST Global

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

German P2P Lending Marketplace auxmoney Plans to Create Many New Jobs for Highly-Qualified Professionals in 2020

Düsseldorf-based Fintech auxmoney is one of Europe’s largest credit marketplaces. Private and institutional investors can use auxmoney to make direct investments in pre-approved borrowers of various different score classes.  auxmoney recently began issuing loans to small and medium-sized enterprises (SMEs). The company uses its customized… Read More

German Insurtech GetSafe Announces UK Expansion

Getsafe, a Germany-based insurtech startup, announced on Thursday it has started its digital contents insurance expansion into the UK. The expansion of services comes less than a year after Getsafe secured $17 million through its Series A funding round, which was notably led by Earlybird… Read More

Overfunding: German Renewable Energy Storage Solution Hycube Quickly Surpasses €1 Million Funding Target on Seedrs

Hycube, a Germany-based renewable energy storage solution, has successfully secured its initial €1 million equity crowdfunding target on Seedrs.  The company stated that it was created to build world-class energy storage systems  by taking energy from solar panels and storing it for later use in… Read More

Germany: Online Lender creditshelf Reports 59% Increase in Revenue in Q3

Creditshelf Aktiengesellschaft (CSQ.DE), an online lender targeting SMEs in Germany, has released its Q3 2019 numbers. According to the Fintech, topline revenue for the first 9 months of 2019 rose to €2.46 million versus €1.57 million during year prior. The increase in revenue was said… Read More

European Digital Bank Qonto Expands to Germany, Also Serving France, Italy, and Spain

Qonto, a neo-bank for business account holders that was established in France in 2017, has expanded its operations into Germany, Italy, and Spain. Notably, Qonto was the recipient of the first investment by billionaire Peter Thiel’s Valar Ventures in France during its Series A funding… Read More

Sapiens Announces Acquisition of German Insurtech sum.cumo

 Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, announced on Tuesday it has acquired Germany-based insurtech sum.cumo for €28.4 million. Founded in 2010, sum.cumo claims it stands for the “successful, integrated digitalization” of traditional business… Read More

Germany-based Lender Commerzbank Finalizes Agreement to Increase Stake in Online Lending Fintech Comdirect

Germany-based lending company Commerzbank has reportedly finalized an agreement with activist investor Petrus Advisers, in order to increase its stake in online lending Fintech firm Comdirect. Commerzbank is planning to take over Comdirect’s business operations and aims to help the company reduce costs. The takeover… Read More

Bundesbank President and ECB Councillor Jens Weidmann: Facebook’s Libra Compels Governments to Ensure Competition, Not Create State Cryptocurrency

Jens Weidmann, President of Germany’s central bank (Bundesbank) and a governing councilor at the European Central Bank (ECB), told Handelsblatt this week that much needs to be understood before central banks should get into issuing a digital currency like Facebook’s Libra or Bitcoin, commonly referred… Read More

Klarna Announces Plans to Open New Tech Hub in Berlin

Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More

France’s Banking Challenger Orange Bank Extends Its Patnership with Wirecard to Support Google Pay Transactions in France

Germany-headquartered Wirecard, a payments platform, and France’s Orange Bank, a challenger bank, announced on December 11 that they’re extending their existing business relationship to allow Android users in France to make payments through Google Pay. Orange Bank claims that 17% of all mobile payments in… Read More

Bitbond Leverages Digital Asset Experience to Expand into Real Estate in Partnership with KlickOwn

Bitbond, a Berlin-based online lender and trailblazer in the digital asset sector, is leveraging its experience in issuing blockchain-based bonds to move into real estate. According to a note from Bitbond, the investment platform has formed a partnership with KlickOwn, a property investment platform. Bitbond… Read More

Insurtech: Germany’s Insurance Technology Firm Wefox Group Secures $110 Million via Series B Round

Berlin headquartered Wefox Group, an Insurtech firm that has developed the consumer-facing insurance app and carrier One and Wefox, an insurance platform, has secured $110 million via a recent Series B round according to a company release. The additional funding has doubled Wefox’x Series B… Read More

Digital Bank N26 Says it’s Expanding its Perks Program for US Customers in Competitive Market

N26 Inc., the US-headquartered subsidiary of digital bank N26 GmbH, one of the fastest-growing mobile-based banks in Europe, revealed on December 9 that it’s expanding its Perks program. N26 is one of several European digital banks crossing the Atlantic to compete in the huge US… Read More

Online Payments Platform Payoneer to Acquire Munich-based optile, a Firm that Enhances Payment Acceptance Processes

Payoneer, an established online payments platform that helps organizations and individuals across the globe to grow their business, revealed on December 10 that it has decided to acquire optile, a Germany-headquartered technology firm that enhances payment acceptance processes for consumers globally. Established in 2010, optile’s… Read More

STO: Greyp Bikes Closes Blockchain Managed IPO on Neufund Raising €1.4 Million

Neufund, a Berlin-based investment platform, has successfully closed the offering of e-mobility company, Greyp Bikes raising €1.4 million. Greyp, an eBike creator and a spinoff from Rimac Automobili, launched the security token offering in September. Greyp claims to be the “future of mobility” and the… Read More

Kapilendo is Issuing its First Digital Bond Using Stellar Blockchain

“Banking partner for SMEs” Kapilendo is issuing its first blockchain-based digital bond. According to the Germany based crowdfunding platform, FR L’Osteria SE, a “gastronomy concept” is issuing a tokenized bond using blockchain tech. Kapilendo is a debt-based crowdfunding platform that caters to Mittelstand companies by… Read More

Credorax Teams Up With Raisin to Offer Exclusive Banking Products in the German Market

Credorax, a fintech bank and smart payments provider, announced on Tuesday it has teamed up with Raisin to offer retail deposits to Raisin customers in Germany. Credorax reported that the partnership marks the launch of its first banking products in the region. “Through this partnership,… Read More

Allianz X and Insurance Firm Debeka Invest in Insurtech SDA SE Open Industry Solutions, an Open Platform for Developing Digital Ecosystems

Allianz X, the digital investment division of the Allianz Group (a German multinational financial services company), and insurance firm Debeka recently invested in Insurtech SDA SE Open Industry Solutions, an open platform for developing digital ecosystems. Allianz X and Debeka, along with current investors SIGNAL… Read More

Fintech Raisin Adds Naqoda’s Tax Engine Solution to Provide Tax Calculations

Fast-growing Fintech Raisin has integrated Naqoda’s tax engine solution. Raisin is a Fintech that provides access to higher interest savings accounts in multiple countries. Naqoda provides a multi-country software solution for the calculation and reporting of interest income tax and capital gains tax. Raisin states… Read More

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