Tagged: germany

December 26, 2021 @ 1:17 pm By Omar Faridi  |  

The team at European online lender EstateGuru notes that during 2021, they have primarily focused on developing their loan origination tech and hiring new loan managers and credit analysts. This has helped them to support the relatively high volume of loan projects while maintaining a… Read More

December 22, 2021 @ 9:00 am By Omar Faridi  |  

Berlin-headquartered Swarm Markets GmbH, which claims to be the first regulated “decentralized” financial infrastructure provider, announced that it will launch a peer-to-peer contract for “high value transactions in Q1 2022.” The so-called dOTC service “empowers institutions and professional investors to use the first regulated crypto… Read More

December 16, 2021 @ 10:02 am By Omar Faridi  |  

Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More

December 15, 2021 @ 10:52 am By Omar Faridi  |  

topi has acquired $4.5 million in capital via a pre-seed round that has been co-led by Index Ventures and Creandum. Established by Estelle Merle and Charlotte Pallua, the firm is focused on becoming an international enabler of fast and “frictionless” payments for B2B trade. Angel… Read More

December 15, 2021 @ 7:01 am By Omar Faridi  |  

Deeptech pioneer Othoz has completed a €10 million round to further “unlock the potential of artificial intelligence and drive the development of quantitative, machine learning (ML) based strategies for investing in capital markets.” Led by Acton Capital and with participation of existing investors as well… Read More

December 13, 2021 @ 8:02 am By Omar Faridi  |  

European marketplace lender October has reportedly acquired a €30 million commitment from the European Investment Fund (EIF) and the Dutch impact investor Invest-NL in the context of the European Guarantee Fund (EGF) and the Dutch Alternative Credit Instrument mandates. As noted in an update from… Read More

December 11, 2021 @ 11:39 am By Omar Faridi  |  

Jumio, the provider of AI-enhanced end-to-end identity orchestration, eKYC and AML solutions, recently announced that the firm is acquiring strategic partner 4Stop, the data marketplace and orchestration hub for KYB, KYC, compliance and fraud prevention. The addition of 4Stop’s data sources to the Jumio KYX… Read More

December 9, 2021 @ 10:31 am By JD Alois  |  

The Association of German Credit Platforms (VdK) has accepted nordIX AG as a full member. VdK advocates for the professional, honest and transparent design of  online debt financing as well as compliance with the high standards by all market participants. NordIX AG, founded in 2009,… Read More

December 6, 2021 @ 9:50 am By Omar Faridi  |  

Ali Niknam, CEO and founder of European Fintech bunq, recently noted that they are starting off on a “new beginning for bunq” Niknam wrote in a blog post dated December 2, 2021 that today “marks the start of a new chapter in bunq’s history.” Niknam… Read More

December 4, 2021 @ 5:17 pm By Omar Faridi  |  

Fintech firm BillFront announced that it has acquired €50 million in a multi-currency asset-backed financing from Fasanara Capital and “adopted a new name: Vane.” The rebrand to Vane reflects the firm’s strategy to introduce a more extensive suite of financial products and illustrates “how Vane… Read More

December 4, 2021 @ 4:07 pm By Omar Faridi  |  

viafintech GmbH, which is part of specialized payments platform Paysafe (NYSE: PSFE), has formed a new partnership with Solarisbank AG with “a joint vision to replace the classic bank branch and physical locations for basic banking services.” As one of Europe’s major banking-as-a-service (BaaS) platforms,… Read More

November 24, 2021 @ 8:26 am By Omar Faridi  |  

Stripe, a tech firm establishing key economic infrastructure for the Internet, has announced the expansion of Stripe Terminal to Ireland, France, Germany, the UK, and the Netherlands. As European consumers return to in-person shopping, Terminal “extends Stripe’s payments infrastructure to the physical world.” International businesses… Read More

November 20, 2021 @ 1:29 pm By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash says that P2P loans increase competition with traditional banking. Robo.cash writes in a blog post that European nations with stable and developed economies are leading “in terms of consumer and business lending.” The complete digitalization of the financing process “becomes one… Read More

November 20, 2021 @ 9:32 am By Omar Faridi  |  

Digital assets firm Kraken notes that in the fast-paced world of virtual currencies, every second counts when you’re moving funds around. Kraken writes in a blog post that establishing the bridges that enable seamless transactions from legacy banking platforms to the “ever-growing” number of blockchain… Read More

November 18, 2021 @ 3:38 pm By JD Alois  |  

N26 is exiting the United States. Founded in 2013 and boasting over 7 million customers, N26 is a Germany-based neobank bank that had sought to establish operations in the USA – a market that is home to thousands of small and large traditional banks as… Read More

November 14, 2021 @ 10:57 am By Omar Faridi  |  

EstateGuru, an online investment marketplace that matches borrowers to investors with secured debt securities, notes that in October 2021, their investors financed a total of 104 loans, “valued at €16.9M.” Germany, which is EstateGuru’s largest market, “contributed €4.1M, while the largest volume was in Estonia (€6.1M),”… Read More

November 8, 2021 @ 9:59 pm By Omar Faridi  |  

Sber has confirmed the opening of its first research and development (R&D) center in Europe at Web Summit, which is Europe’s largest tech conference, presently being held in Lisbon. Executive Vice President of Sberbank, CTO of Sber, and head of Technology David Rafalovsky commented on… Read More

November 4, 2021 @ 8:21 am By Omar Faridi  |  

Germany’s technology subscription platform Grover is partnering with Solarisbank and Visa (NYSE: V) in order bring embedded finance into its product offering. This initiative has been introduced in order to support a societal shift towards the circular economy, the announcement noted. The Grover Card is… Read More

November 2, 2021 @ 8:44 am By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, announced that it has completed its acquisition of German Fintech firm, viafintech, in an all-cash deal. viafintech, known under the brands of Barzahlen/viacash and viacash, provides bank-independent, payments infrastructure in the DACH region, “allowing a popular alternative to the… Read More

October 28, 2021 @ 11:08 am By JD Alois  |  

GenoCrowd has successfully closed on its first securities offering to provide financing for a building in Leipzig, Germany. GenoCrowd is a partnership platform between Raiffeisenbank im Hochtaunus and CrowdDesk. The online investment platform announced its first securities offering for the property this past August. GenoCrowd… Read More