Tagged: germany

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

October 25, 2021 @ 9:51 am By JD Alois  |  

Berlin-based BNPL (Buy Now Pay Later) Billie has raised $100 million at a $640 million valuation according to a note from the Fintech. Simultaneously, Billie said it had received refinancing lines of $200 million per month. The capital will be provided by a consortium of German… Read More

October 25, 2021 @ 9:05 am By Omar Faridi  |  

EstateGuru, a property-backed loan marketplace catering to retail investors, notes that in September 2021, they came very close to “breaking the record set in March 2021, financing 95 loans worth a total of €21.2 million.” The team at EstateGuru writes in a blog post that… Read More

October 21, 2021 @ 4:26 pm By Omar Faridi  |  

Bling Card has teamed up with SocGen-owned banking-as-a-service (BaaS) firm Treezor in order create a prepaid pocket money card and financial education app for children in Germany. With the Bling Card, kids and teenagers are able pay independently and securely at merchant outlets in Germany…. Read More

October 18, 2021 @ 10:05 am By JD Alois  |  

Digital banking continues to be a hot sector of Fintech as Germany-based N26 has announced a $900 million “record-breaking” funding round at a whopping $9+ billion valuation. The capital infusion was led by Third Point Ventures and Coatue Management, with Dragoneer Investment Group joining as… Read More

October 13, 2021 @ 6:37 pm By Tony Zerucha  |  

As our world becomes more purpose-driven, ethically aligned companies will want to bank with an institution that shares their values. Remagine wants to be that bank, co-founder Sebastian Dienst said. Based in Berlin, Remagine’s goal is to reshape financial services through founder-friendly and tech-driven financial… Read More

October 12, 2021 @ 4:01 pm By Omar Faridi  |  

Planixs, the provider of real-time, intraday cash, collateral and liquidity management services, has revealed that its Realiti software suite has been chosen by Nord/LB as the bank “embarks on a digital transformation project to overhaul its treasury operations.” NORD/LB Norddeutsche Landesbank is reportedly one of… Read More

October 9, 2021 @ 9:51 am By Omar Faridi  |  

Getsafe, a digital insurance service provider that’s focused on serving Millennial buyers in Germany and the United Kingdom, confirmed that it has now extended its Series B round to $93 million. https://twitter.com/hellogetsafe/status/1446137783345504256 The neo insurance platform had previously revealed in December 2020 that it had… Read More

October 7, 2021 @ 11:38 pm By JD Alois  |  

Berlin-based Auto1 FT (Auto1 Fintech) says it has created a platform to replace paper documents with blockchain for the auto financing process. Auto1 is in the business of providing fast financing for a vehicle purchase. In a release, Auto1 FT claims to be the first… Read More

October 7, 2021 @ 3:43 pm By JD Alois  |  

Bankhaus von der Heydt, a privately owned bank founded in 1754, has added digital assets to the list of its services offered. According to a company release, the bank will leverage ‘ custody solution in combination with the Fireblocks Network to expand digital asset and… Read More

October 6, 2021 @ 10:22 am By JD Alois  |  

Deutsche Börse has selected Digital Asset to power its post-trade platform labeled “D7”. Deutsche Börse has long been interested in the digital security realm and has been pushing forward with the transition towards a digital-only ecosystem. According to a note distributed by Digital Asset, the… Read More

October 6, 2021 @ 8:59 am By JD Alois  |  

creditshelf, an online lender serving SMEs in Germany, is reporting solid Q3 results as loan originations rise. According to a note distributed by creditshelf, new loan business during the 9 months of the fiscal year 2021 grew by 58% to € 110.9 million ( versus… Read More

October 2, 2021 @ 8:47 am By Omar Faridi  |  

There have been many new developments in the banking and Fintech space with new research predicting growth across various areas of the fast-evolving sector. The team at payments specialist Banking Circle notes that they were recognized at Money 20/20 by two industry awards. Banking Circle… Read More

October 1, 2021 @ 8:08 am By Omar Faridi  |  

ModusBox is teaming up with Mambu, the global Fintech platform. Through their partnership, the companies aim to support the next generation of financial institutions in order to challenge the status quo. Mambu and ModusBox intend to bring a combination of domestic and international experiences and… Read More

September 29, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling is expanding its business operations into Europe. As of H1 2022, “subject to regulatory approval,” Starling intends to make its Banking as a Service (BaaS) solution offering available in the European Union, which includes France, Germany, The Netherlands and Spain, according… Read More

September 26, 2021 @ 3:52 pm By Omar Faridi  |  

Feedzai, a US Cloud-powered financial risk management platform, and Berlin’s Banking-as-a-Service (BaaS) service provider Solarisbank have entered a multi-year partnership (announced at Money20/20 Europe). Through the partnership, Solarisbank will be leveraging Feedzai’s innovative tech, which will allow them to apply a proper risk management approach… Read More

September 25, 2021 @ 10:59 am By Omar Faridi  |  

Fintech firm Modulr has now opened business offices in the Netherlands, which will serve as “the springboard for its EU-wide expansion in 2022 and 2023.” Following steady business growth in the United Kingdom during the last 5 years, Modulr is expanding rapidly, putting significant investment… Read More