Tagged: germany

Venture Capital Funding Secured by UK Firms Reached Highest Level During Q4 2020: Report

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

European Marketplace Lending Platform Auxmoney Appoints Several Senior Management Professionals

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

Data Economy Focused Ocean Protocol Devs Announce their OceanDAO – Round Two Developer Grant Results

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

Insurtech Lemonade, Powered by AI and Behavioral Economics, Selects Bestow Life Insurance Platform

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

German Embedded Financial Services Provider Banxware Secures €4 Million Though First Seed Funding Round Led By Force over Mass & VR Ventures

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

European Fintech Startup Neufund Announces 2021 Platform Updates which Improve User Experience (UX)

Neufund Flags

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

Fraudster in Jail for Mining Bitcoin via Malicious Software, but Authorities can’t Access his €50M BTC Stash because he Won’t Share Password

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

P2P Lender Bondora Says Fintech Sector in European Countries like Portugal, UK, Germany Is Growing Rapidly

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

Collateral Damage: Wirecard Fallout Continues in Germany as Finance Minister Takes Heat, Former Wirecard COO Still Missing, Sale of Core Assets Completed

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: VC Fintech Investments Boom in January

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

Fintech Unicorn Mambu Reports 100% Year Over Year Growth in 2020

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

German Insurtech INZMO Raises €3.1 Million Through Seed Investment Round Led By Change Ventures

  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

Digital Transformation: Germany’s Commerzbank to Invest €1.7B into Digitizing Banking Operations, will Close Down Many Physical Branches, Lay Off Staff

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

Germany’s Digital-Only Banking Platform N26 Appoints New CFO as Maximilian Tayenthal to Serve as co-CEO

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 Issues €20 Million Digital Bond on Stellar Blockchain with Assistance from Bitbond, firstwire

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’s Elinvar, a Fintech that Assists Wealth Managers with Digitizing their Business, Secures €25 Million in Capital

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

Insurtech Getsafe Reflects on 2020 Performance

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

German Wealth Management platform Wealthpilot Secures €8 Million Through latest Investment round

  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

EstateGuru Reveals it Closed 2020 with Solid Results During December with Platform Investors Financing €18.3M in Loans

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, has revealed that it closed 2020 with solid results and performance in December during which the platform’s investors financed a total of €18.3 million worth of loans. EstateGuru confirmed in its loan portfolio overview for… Read More

finleap Partners with SIA on Open Banking Services

finleap connect, an open banking platform, has signed a strategic partnership agreement with SIA, a European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, to deliver new open banking services to European Fintechs, banks and more, according to a release…. Read More

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