Tagged: germany

March 30, 2022 @ 3:02 pm By Omar Faridi  |  

Ten emerging tech firms have been chosen to participate in the 2022 Fintech Innovation Lab New York, which is a 12-week program “founded and run by Accenture (NYSE: ACN) and the Partnership Fund for New York City.” The program aims to assist early- and growth-stage… Read More

March 30, 2022 @ 8:03 am By Omar Faridi  |  

Zimpler, a Swedish Fintech within the payments space, has secured new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house “focused on long-term quality growth.” FT Partners advises leading Swedish account-to-account payment provider Zimpler (@zimplers) on its new equity funding round… Read More

March 29, 2022 @ 8:15 am By JD Alois  |  

Berlin-based FUEL has announced that it has raised €1.5 million in pre-seed funding to create the “Shopify for NFTs,” according to a company statement. FUEL aims to empower creators to build an NFT shop that requires no coding knowledge. FUEL was co-founded by Csongor Barabasi,… Read More

March 26, 2022 @ 1:07 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance firm that’s powered by social impact, recently announced the launch of Lemonade Car in Tennessee. Following the initial launch in Illinois, Tennessee “marks the second state to feature availability of Lemonade’s newest environment-friendly product.” Hitting “record” snow averages this winter… Read More

March 24, 2022 @ 8:59 am By JD Alois  |  

Raisin, a European digital bank and savings Fintech, has distributed a report on the European savings market claiming deposit inflows have “fallen off a cliff” after record increases. The analysis provided by Raisin indicates that the savers from the eurozone are saving money at a… Read More

March 22, 2022 @ 8:56 am By JD Alois  |  

  Bitbond has announced the launch of its new product called Token Tool, a service that enables public users to create tokens on Ethereum, Polygon, Avalanche, and BNB Chain. Token Tool can be used to tokenize financial assets such as bonds or stocks, utility tokens,… Read More

March 19, 2022 @ 6:51 pm By Omar Faridi  |  

Aazzur has reportedly agreed to a sales partnership with European Banking-as-a-Service (BaaS) platform Treezor in order to allow both companies to expand their customer base and strengthen their BaaS offering. Treezor will offer its regulatory and technical expertise by providing its payment infrastructure for account… Read More

March 16, 2022 @ 1:17 am By Omar Faridi  |  

Konvi, which claims to be first pan-European Crowd-Investment Platform for alternative asset classes, is confirming its $900,000 pre-seed round. Investors reportedly include APX and “value-adding” angel investors including former executives from tech giants like Snap Inc and Shopify. Konvi’s management noted that they are on… Read More

March 10, 2022 @ 8:35 pm By JD Alois  |  

The German Crowdfunding Association (Bundesverband Crowdfunding) has issued a statement criticizing new funding guidelines for venture capital grants recently enacted by the German Government. Under the INVEST Grant for venture capital in Germany, smaller investors receive a 25% tax benefit following the sale of the… Read More

March 2, 2022 @ 8:34 am By JD Alois  |  

EstateGuru, a marketplace lending platform that provides secured loans pairing investors with borrowers, has signed a partnership with Raisin Bank – a banking as a service provider operated by global Fintech Raisin. According to EstateGuru, the Frankfort-based Raisin Bank will provide services to Estate Guru’s… Read More

March 2, 2022 @ 8:14 am By Omar Faridi  |  

Germany’s banking challenger N26 should be ready for an initial public offering (IPO) by the end of this year, according to co-CEO Maximilian Tayenthal, Maximilian told CNBC that by the end of 2022, N26 should be “structurally IPO-ready,” During an interview with the media outlet… Read More

February 23, 2022 @ 8:29 am By Omar Faridi  |  

The first month of this year saw €16.3M in loans originated via EstateGuru with Estonia and Germany together contributing more than half the total amount of funding. Due to seasonality, repayments came in at a “modest” at €2.5M, accounting for 23 loans with “an average… Read More

February 17, 2022 @ 8:52 am By Omar Faridi  |  

After making numerous unsuccessful attempts in the US to get a Bitcoin ETF that tracks BTC spot price, Fidelity, one of the world’s largest asset managers, has now introduced such products in Canada and European markets. On Tuesday (February 15, 2022), Fidelity introduced a European… Read More

February 14, 2022 @ 10:57 am By Omar Faridi  |  

Stephen Palley. Partner, Anderson Kill. Chair, Technology, Media & Distributed Systems Group, noted that an FBI agent once told (with “false modesty to be sure”) that their biggest breaks often “come not from law enforcement genius but from mistakes by their targets.” Palley further noted… Read More

February 10, 2022 @ 3:01 pm By Omar Faridi  |  

  Berenberg has introduced its first private debt real estate fund in collaboration with Universal Investment Luxembourg. Universal-Investment-Luxembourg S.A. is a wholly-owned subsidiary of Universal-Investment-Gesellschaft mbH, Frankfurt am Main. The firm explains that they are independent – because the parent company’s shareholder Montgu Private Equity… Read More

February 7, 2022 @ 3:11 pm By JD Alois  |  

Vivid Money has raised €100 million in Series C funding at a valuation of €775 million (USD $887 million) more than double its prior valuation when the company raised capital in the spring of 2021. The funding round was led by Greenoaks Capital with the… Read More

February 7, 2022 @ 11:05 am By JD Alois  |  

Global Kitle Fonlama Platformu A.Ş., parent company of crowdfunding platform fonbulucu, reports that it has raised €1 million in growth capital. The funding was provided by Efe Duran Sarıkaya, the founder of Germany-based Kloepfel Consulting Company purchasing a 10% ownership stake. The company says that Efe… Read More

February 6, 2022 @ 3:17 pm By Omar Faridi  |  

Four managers working at Germany’s digital bank N26 are reportedly being investigated by public prosecutors regarding suspicions about (allegedly) fraudulent client accounts, the Handelsblatt newspaper confirmed on Friday (February 4, 2022). Criminals or bad actors have been suspected of opening a fairly large number of… Read More

February 1, 2022 @ 10:44 am By JD Alois  |  

creditshelf, a digital lender serving SMEs, reports that based on preliminary, unaudited financial figures, the lending platform grew significantly in the fiscal year 2021. creditshelf, based in Germany, says the operational report is indicative of the scalability of its business model. Preliminary revenues amounted to… Read More

January 31, 2022 @ 3:12 pm By Omar Faridi  |  

Embedded finance experiences platform Railsbank has driven a stake into the Buy Now Pay Later (BNPL) market by “giving retailers a greater share of the spoils.” Current BNPL providers brand their own offerings which “take the customer away from the original retailer’s website and onto… Read More