Tagged: germany

November 10, 2020 @ 7:47 am By JD Alois  |  

auxmoney, a marketplace lending platform that serves both private and institutional investors, is leveraging €500 Million from BNP Paribas to invest in loans originated on the marketplace. auxmoney said it is taking the next big step on its way to becoming one of the leading… Read More

November 6, 2020 @ 7:53 am By JD Alois  |  

Antler, a global early-stage venture capital firm that seeks to invest in the defining technology companies of tomorrow, has opened an office in Berlin. In the past, Antler has backed a good number of Fintechs. Berlin has emerged as a hot startup ecosystem. Antler notes… Read More

November 5, 2020 @ 10:41 pm By Omar Faridi  |  

Finoa has partnered with Skale Labs in order to offer institutional-grade custody support for SKALE, which is the native token that’s used to power the SKALE Network. The SKALE Network is an Ethereum-as-a-service platform that has been developed to support the “exponential” growth of the… Read More

November 5, 2020 @ 3:49 pm By Samantha Hurst  |  

German-based fintech startup Vivid Money announced on Thursday it secured €15 million through its Series A funding round, which was led by venture capital firm Ribbit Capital. The investment brings Vivid Money’s valuation to €100 million. Launched earlier this year, Vivid Money stated it offers… Read More

November 3, 2020 @ 7:10 am By Omar Faridi  |  

The developers of the Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, have partnered with the Central Bank of Germany. Through the partnership, both organizations will develop a “decentralized” data sovereignty… Read More

October 23, 2020 @ 8:50 am By Omar Faridi  |  

The COVID-19 pandemic has negatively impacted the operations of small businesses across the globe. European SMEs are the lifeblood of the region’s economy and a recent report claims that nearly half of these companies might shut down within the next 12 months. According to research… Read More

October 23, 2020 @ 8:19 am By Samantha Hurst  |  

  Digital banking group Penta announced on Thursday it has teamed up with Raisin to introduce overnight and term depots from WeltSparen. Penta reported that the partnership will enable better interest rates on business accounts for its customers, which is now more than 22,000 small… Read More

October 20, 2020 @ 3:47 pm By Samantha Hurst  |  

  Insha, a Germany-based online banking startup, announced on Tuesday it secured €2.5 million in seed funding from payments provider, Param. Founded in 2018, Insha states it offers an innovative and fully digital account based on the principles and does not engage in interest-based transactions… Read More

October 20, 2020 @ 7:41 am By Omar Faridi  |  

What consumers might say and what actions they take when it comes to sharing personal financial data (via Open Banking) are two different things, ING Bank notes. Although there are many tools to help improve our financial lives, the findings of an ING global survey… Read More

October 20, 2020 @ 2:22 am By JD Alois  |  

The Association of German Lending Platforms (VdK), a group representing digital debt financing, has added five new members. According to a release, finpair, NetBid Finance, Exaloan, d-fine and SWK Bank, have all joined the association now making 18 members in total. The new members include… Read More

October 20, 2020 @ 1:49 am By JD Alois  |  

Zinsbaustein.de, a real estate crowdfunding marketplace, is expanding its model by offering a new real estate fund. In partnership with Primus Valor, the platform is offering an alternative investment fund (AIF), “ImmoChance Deutschland 10 Renovation Plus” (ICD 10 R +) that is said to focus… Read More

October 14, 2020 @ 7:38 am By Omar Faridi  |  

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

October 7, 2020 @ 4:57 pm By Omar Faridi  |  

NAGA Group (XETRA: N4G), a Germany-based social trading-focused brokerage firm, reported its financial results on October 5, 2020, for Q3 2020. The NAGA Group claims that it generated record sales and trading volume. The company’s sales volume reportedly increased by 506% year-on-year to €7.1 million… Read More

October 7, 2020 @ 7:44 am By JD Alois  |  

Raisin, a European Fintech that leverages open banking to offer a deposit marketplace, says growth in the UK has topped expectations in spite of the ongoing COVID-19 health challenge. Raisin claims it is going “against trend” and has passed its 2020 annual growth target of… Read More

October 6, 2020 @ 3:37 pm By Samantha Hurst  |  

Finoa, a Germany-based fintech, announced on Tuesday it is teaming up with Oasis Network to provide custody for the network’s ROSE toke at mainnet launch. According to Finoa, ROSE is designed to give users financial sovereignty and control of their data and is expected to… Read More

September 30, 2020 @ 9:33 pm By Omar Faridi  |  

Electronics giant Samsung has teamed up with Visa and Solarisbank, a German banking platform, in order to allow residents in Germany to link their accounts to contactless mobile payments services. Customers who sign up for Samsung Pay will get a virtual Visa debit card that… Read More

September 30, 2020 @ 8:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has told bankrupt Fintech Wirecard (WDI.DE) to halt payment services in Singapore and to return all customer funds by October 14, 2020. MAS states that it has been monitoring Wirecard’s bankruptcy proceedings and the ability of the company to provide… Read More

September 29, 2020 @ 11:06 am By JD Alois  |  

Deposit Solutions, a Germany based Fintech unicorn, has announced its launch in the US market. According to a release, its consumer savings portal SaveBetter connects American banks digitally with savers, targeting the $16 trillion U.S. deposit market. Prominent US entrepreneur and investor Peter Thiel is… Read More

September 28, 2020 @ 11:47 am By JD Alois  |  

Younited Credit Germany, an expansion by France based Younited Credit, reports having originated over €10 million in loans since launch in February of 2020. Younited Credit is a European online credit platform, certified by the French authority in charge of financial stability and customer protection (ACPR)…. Read More

September 23, 2020 @ 8:24 am By JD Alois  |  

Procheck24, Germany’s largest financial product broker, is collaborating with Raisin to offer a “novel” deposits solution for financial institutions. According to a note from Raisin, its services will now be made available via Procheck24’s 60,000 business partners including client banks. Raisin is an open banking… Read More