Tagged: germany

March 24, 2021 @ 9:19 am By JD Alois  |  

creditshelf Aktiengesellschaf has announced that its management board has renewed contracts with the Fintech’s c0-founders Dr. Tim Thabe and Dr. Daniel Bartsch. Thabe and Bartsch will continue to run the company until at least the end of 2023. Simultaneously, Dr. Mark Währisch is said to… Read More

March 14, 2021 @ 2:52 pm By Omar Faridi  |  

Deutsche Börse, the German stock exchange company, has reportedly completed the pilot or testing of various quantum computing algorithms which are used to evaluate or create risk models. The pilots found that quantum tech may bring down the time needed for certain simulations from years… Read More

March 13, 2021 @ 4:25 pm By Omar Faridi  |  

Crowdinvesting or crowdfunding for real estate has long been considered a major potential market. However, there are a number of platforms that have downsized during the past year, even some established players like Exporo. Notably, the first Germany-based firm that’s set to go public through… Read More

March 9, 2021 @ 11:23 am By JD Alois  |  

Creditshelf Aktiengesellschaft and Commerzbank AG have announced the extension of a partnership that has been in place since 2019. Creditshelf is an online lending platform for German SMEs. Creditshefl, which was founded in 2014 and is based in Frankfurt am Main, arranges bank-independent, flexible financing… Read More

March 7, 2021 @ 7:26 pm By Omar Faridi  |  

IDnow, a provider of identity verification-as-a-service solutions, will be acquiring identity Trust Management, a global provider of digital and offline ID verification software from Germany. IDnow confirmed that it would continue to maintain identity Trust Management’s Düsseldorf location and will retain its employees as well…. Read More

March 4, 2021 @ 9:31 pm By JD Alois  |  

Berlin-based Monite has raised €1.1 million in pre-seed funding in advance of the launch of a finance management platform. Investors in the round include Tomahawk VC, signals Venture Capital, InVentures, and Runa Capital. Ex-Deutsche Bank board Ralph Müller, Postbank Board Member Lars Stoy, ex-Global Head… Read More

March 4, 2021 @ 7:25 am By Samantha Hurst  |  

nextmarkets, a Germany-based commission-free online broker, announced on Thursday it raised $30 million through its Series B financing round, which was existing investors Alan Howard and Christian Angermayer with his Cryptology Asset Group. DEWB also participated.  Founded in 2014, nextmarkets describes itself as a German fintech… Read More

February 25, 2021 @ 12:34 pm By JD Alois  |  

Payments Fintech Nuapay is expanding its platform across Germany and Italy leveraging open banking. According to a statement by the company, Nuapay has connected with 308 banks in Italy and 435 banks in Germany, covering approximately 98% of Italian payers and 70% of German payers…. Read More

February 25, 2021 @ 8:14 am By Omar Faridi  |  

Deposit Solutions has teamed up with Crédit Agricole Consumer Finance in order to enable the French bank with providing various savings products in Germany, beginning with fixed-term deposits provided via the ZINSPILOT portal. Through the partnership, Crédit Agricole Consumer Finance will be able to use… Read More

February 23, 2021 @ 10:33 am By Samantha Hurst  |  

    Digital banking group Penta announced on Tuesday it has topped up its Series B+ investment round. The company reported the total investment now amounts to €30 million. As previously reported, Penta describes itself as a digital platform for business banking that is aimed… Read More

February 22, 2021 @ 6:33 pm By JD Alois  |  

Last year, the European Union approved pan-European crowdfunding rules that will apply to all member states thus finally offering a harmonized approach to online capital formation. Crowdfunding advocates and European platforms had long recognized the unnecessary friction intrinsic to raising capital based on national regulations… Read More

February 21, 2021 @ 11:00 pm By Omar Faridi  |  

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

February 14, 2021 @ 12:21 pm By Omar Faridi  |  

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

February 11, 2021 @ 6:30 pm By Omar Faridi  |  

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

February 11, 2021 @ 7:30 am By Omar Faridi  |  

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

February 8, 2021 @ 8:10 am By Samantha Hurst  |  

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

February 8, 2021 @ 7:39 am By Omar Faridi  |  

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

February 6, 2021 @ 11:30 am By Omar Faridi  |  

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

February 5, 2021 @ 7:52 am By Omar Faridi  |  

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

February 4, 2021 @ 5:04 pm By JD Alois  |  

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