Tagged: germany

June 24, 2022 @ 8:19 am By Omar Faridi  |  

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

June 22, 2022 @ 9:10 am By JD Alois  |  

Bitbond, the first firm to issue a security token in Germany approved by regulators, has announced a new feature to its tokenization tool that incorporates a “crowdsale feature.’ Announced earlier this year, the publicly available service may be utilized to create tokens on Ethereum, Polygon,… Read More

June 21, 2022 @ 8:37 am By Omar Faridi  |  

European lender EstateGuru notes that their investors backed nearly €20.0 million worth of loans in May of 2022. The “best-performing” market was Estonia (€7.0M), “followed by Lithuania (€5.0M) and Finland (€3.6M).” As EstateGuru predicted last month, repayments “improved during May.” Their borrowers “paid back €14.6M… Read More

June 17, 2022 @ 8:20 am By Omar Faridi  |  

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

June 14, 2022 @ 3:22 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance firm “powered by social impact,” recently announced the launch of Lemonade Car in Ohio. The Buckeye state “marks the third state to feature availability of Lemonade’s newest environment-friendly product.” With an increasing presence of electric vehicle infrastructure and growing startup… Read More

June 12, 2022 @ 2:46 pm By Omar Faridi  |  

wefox, the Berlin-headquartered digital insurance firm, has appointed Hanna Jacobsson to the Board. Jacobsson will be serving as a Non-Executive Director with immediate effect. Julian Teicke, CEO and Founder of wefox stated: “As we continue to double our revenues and maintain our focus on growth… Read More

June 11, 2022 @ 4:55 pm By JD Alois  |  

creditshelf, an online lender providing access to capital for SMEs in Germany, has boosted its forward guidance slightly. Last quarter, creditshelf reported a 10% increase in lending volume and revenue growth of 43% or € 2,366,000 in the first quarter of 2022 vs the prior-year… Read More

June 9, 2022 @ 8:29 am By JD Alois  |  

EstateGuru, a securities crowdfunding platform based in Estonia but offering services across Europe, has joined the establishment Association of German Credit Platforms (Verband deutscher Kreditplattformen or VdK) as a full member.  While not the first Fintech to join the Association the news is reflective of… Read More

June 9, 2022 @ 8:09 am By JD Alois  |  

Raisin, a Fintech providing a savings marketplace across Europe and elsewhere, has surpassed €25 billion in assets under management (AUM). The Berlin-based financial services firm says its business model is booming during an economically uncertain time as many people have discovered the savings platform products… Read More

June 9, 2022 @ 7:52 am By Omar Faridi  |  

Bloomberg has announced that Baader Bank AG, an investment bank in Germany, has adopted Bloomberg’s Rule Builder (RBLD), in order to automate its equities trading processes and streamline the performance of the company’s buy-side trading desk by leveraging key insights obtained from Bloomberg Transaction Cost… Read More

June 8, 2022 @ 7:27 pm By Omar Faridi  |  

The German-Austrian Bluecode and the Swiss TWINT are the first mobile payment systems to become “interoperable with one another.” Interoperability of said two systems “is based on the specifications of EMPSA (European Mobile Payments System Association).” TWINT and Bluecode interoperability has already “been running since… Read More

June 6, 2022 @ 4:52 pm By Omar Faridi  |  

As a startup ecosystem builder and veteran, Andrea Li, the VP, Head of International at Clearco, says she’s particularly excited about bringing Clearco, one of the largest digital commerce funders, to Germany, which is one of the world’s largest e-commerce economies. Clearco provides equity-free capital “to… Read More

May 31, 2022 @ 11:00 pm By Omar Faridi  |  

Sustainable finance service provider ecolytiq has reportedly finalized a €13.5 million financing round that was led by Visa (NYSE: V) along with other blue chip investors. Consulting company PwC Germany also took part in the investment round via a fund that’s managed by Segenia Capital,… Read More

May 31, 2022 @ 3:13 pm By Omar Faridi  |  

  Mondu is pleased to announce an important milestone in their company’s history: their $43 million Series A round. Since being founded in August 2021, they’ve been focused on “delivering a highly attractive product, growing [their] merchant base and the number of businesses [they] serve,… Read More

May 28, 2022 @ 9:26 pm By Omar Faridi  |  

European lender EstateGuru reports that €14,7M worth of loans were financed during April of 2022. New loans in Estonia “contributed nearly 50% of the volume, followed by Germany and Latvia.” During the past month, EstateGuru reports it has “seen a rise in investor activity and… Read More

May 21, 2022 @ 3:32 am By JD Alois  |  

The Bundesverband Crowdfunding e.V. (the German Crowdfunding Association) and Financement Participatif France (the French Crowdfunding Association) have issued a statement reaffirming their desire that the transition period for European Crowdfunding Service Provider Regulation (ECSPR) be extended.  The announcement follows a statement by the European Securities… Read More

May 21, 2022 @ 2:17 am By Omar Faridi  |  

flatexDEGIRO AG, which claims to be Europe’s largest and “fastest-growing” retail online broker and Boerse Stuttgart Group, Europe’s sixth largest exchange group, recently announced the signing of a Memorandum of Understanding (MoU) on a partnership in crypto trading. This will “give flatexDEGIRO customers direct access… Read More

May 20, 2022 @ 2:58 pm By Omar Faridi  |  

Fraugster, an AI payment intelligence company, has announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants “to approve more customers without increasing credit risk.” There is a pressing need for a new approach because… Read More

May 20, 2022 @ 9:43 am By JD Alois  |  

  Following a meeting this week being held in Petersberg, Germany, G7 Finance Ministers and Central Bank Governors have issued a statement on the outcome of the meeting. While a good portion of the statement revolves around the war in Ukraine and the need for… Read More

May 3, 2022 @ 1:07 am By Omar Faridi  |  

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