Tagged: germany

January 20, 2021 @ 9:04 am By Omar Faridi  |  

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

January 20, 2021 @ 8:42 am By JD Alois  |  

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

January 16, 2021 @ 10:44 pm By Omar Faridi  |  

Germany-based FRIDAY, an Insurtech firm which operates as a Baloise subsidiary, has hired  Nate Glissmeyer to serve as the company’s Chief Platform Officer and Robin Latz has also been recruited to lead the management at the insurance technology provider. The two new hires will be… Read More

January 13, 2021 @ 11:10 am By JD Alois  |  

creditshelf, a digital lending platform serving SMEs in Germany, says it has grown by “double-digits” in 2020 despite the ongoing COVID health crisis. While complete financials will be published at the end of March 2021, creditshelf has distributed certain highlights of 2020. Requested loans totaling… Read More

January 13, 2021 @ 10:10 am By JD Alois  |  

PEAC Finance, a new bank, has partnered with Raisin’s German deposits platform WeltSparen to offer a savings marketplace. The Hamburg, Germany-based PEAC (or Pan-European Asset Company) Finance Group was granted a banking license by the German Federal Financial Supervisory Authority in December of 2020. The… Read More

January 12, 2021 @ 11:26 pm By JD Alois  |  

Björn Jüngerkes has been appointed managing director at zinsbaustein.de according to a company release. In addition to the areas of legal and finance, Jüngerkes will focus on expanding the business model, including by integrating new product structures. This also includes the expansion of the cooperation with… Read More

January 7, 2021 @ 11:25 am By JD Alois  |  

Mambu, a Fintech that offers a Banking as a Service platform, has raised a significant €110 million ($134 million) funding round led by TCV a venture firm that has invested more than $2.5 billion in Fintech. John Doran, TCV General Partner, will join the Mambu… Read More

January 6, 2021 @ 1:02 pm By JD Alois  |  

Salt Edge, and open banking service provider, has partnered up with Sorted – a Germany based accounting app that targets freelancers and self-employed. According to a blog post, by utilizing the Salt Edge Partner Program, Sorted is able to connect to the customers’ bank account… Read More

January 5, 2021 @ 4:10 pm By JD Alois  |  

Wirecard (WDI:DE), an insolvent Fintech that is in the process of being sliced and diced and sold piecemeal, saw its shares jump by over 100% today. Yesterday, Wirecard was bouncing around at €0.30. Today, Wirecard experienced a significant jump in volume while rising in price at… Read More

December 26, 2020 @ 6:40 pm By Omar Faridi  |  

Insurtech.Rocks, a management and digital consulting firm focused on Switzerland’s insurance sector, has published its Swiss Insurtech Map for 2020. It features 20 insurance technology startups. Here are the 20 Insurtechs to look out for as we head into 2021: Insurtech firm Anivo offers insurance… Read More

December 17, 2020 @ 11:44 am By JD Alois  |  

The break up of the once high-flying Fintech Wirecard continues as the insolvency administrator has announced that Wirecard Solutions South Africa has been acquired by Adumo RF Pty Ltd,  subject to approval by the local regulatory authorities. Today’s announcement follows similar announcements of the various… Read More

December 17, 2020 @ 9:00 am By JD Alois  |  

N26, a Germany based Fintech, says it plans another funding round before a possible initial public offering (IPO) in 2023 at the earliest, according to a report. As well, the digital bank is predicting break even at some point in 2021 as it seeks to… Read More

December 16, 2020 @ 2:09 pm By JD Alois  |  

Germany has legalized securities managed via blockchain technology, according to a statement by the German government. Enabling digital securities is part of a broader strategy in enabling new technology. The Federal Cabinet has approved the draft law on the introduction of electronic securities that was… Read More

December 15, 2020 @ 11:56 am By JD Alois  |  

Neufund, an aspiring early-stage digital asset marketplace that connects investors with early-stage firms, has announced a €4 million investment led by Atlantic Labs and Udo Schloemer (founder and CEO of Factory Berlin). Additional investors in the round include Freigeist Capital and Dario Suter (founder and… Read More

December 11, 2020 @ 11:00 am By JD Alois  |  

Wirecard, the Fintech that deserves the award for the most spectacular fraud and ensuing collapse of 2020, continues to earn headlines for the financial disaster. It was recently reported that Deutsche Bank’s head of accounting was compelled to temporarily step aside due to his involvement… Read More

December 11, 2020 @ 9:46 am By Samantha Hurst  |  

Solactive, a Germany-based technology-enabled provider of indices and index solutions to the global financial services industry, announced on Thursday it received a €50 million minority investment from global growth equity firm Summit Partners. Founded in 2007, Solactive states it focuses on tailor-made indices across all… Read More

December 10, 2020 @ 1:00 am By JD Alois  |  

Upvest has closed on a €12 million Series A+ funding round led by Earlybird. This follows Series A funding led by Notion Capital and HV Capital, with participation from Partech. The founders of N26, IDNow, and Consorbank have joined in the round as well. Upvest… Read More

December 9, 2020 @ 8:17 am By JD Alois  |  

Bitbond, a European digital asset platform, has partnered with Bankhaus von der Heydt (BVDH), one of Europe’s oldest banks, to issue a EURO stablecoin (EURB). The stablecoin is available today and is leveraging the Stellar blockchain network. The stablecoin is said to be the first… Read More

December 6, 2020 @ 3:03 pm By Omar Faridi  |  

PostFinance, the financial services division of Swiss Post, and CoCoNet, a Germany-headquartered digital banking service provider, are teaming up to launch a cash management platform for corporate clients. The new solution will aim to provide various cash management services to PostFinance‘s corporate customers, which includes… Read More

December 5, 2020 @ 12:37 pm By Omar Faridi  |  

Chainlink (LINK), a “decentralized” Oracle network that securely connects various blockchain-based smart contracts with data from “the real world,” has announced that it has awarded a grant to Anyblock Analytics, a Germany-based infrastructure provider and development “shop” for blockchain-powered solutions. According to a blog post… Read More