Tagged: germany

April 29, 2020 @ 8:30 am By JD Alois  |  

Deposit Solutions, a Fintech based in Hamburg, Germany, is reporting some solid numbers. According to the company, its Open Banking platform has now transmitted a total volume of €25 billion in savings deposits, up from €16 billion 12 months ago. Deposit Solutions now reports 150… Read More

April 28, 2020 @ 2:07 pm By Samantha Hurst  |  

Fintech Europe, Plug and Play’s fintech-focused innovation platform based out of Frankfurt, Germany, announced on Tuesday the ten startups selected for its fifth batch. The platform revealed that after screening applications from all over the world and intensive weeks of reviewing preselected startups with the partners,… Read More

April 26, 2020 @ 10:25 am By Omar Faridi  |  

N26 Inc., the US-based subsidiary of digital bank N26 GmbH, one of the fastest-growing mobile-based banks in Europe, has published its global and US-specific research report, which reveals the impact that the Coronavirus (COVID-19) pandemic has had on the neobank’s finances. The all-digital bank reportedly… Read More

April 18, 2020 @ 8:23 pm By Omar Faridi  |  

Digital banks or neobanks have now been around for several years. There are many challenger banks that aim to compete with and provide better financial services than traditional banks and institutions. Conducting transactions online has become more popular due to the deadly Coronavirus (COVID-19) outbreak…. Read More

April 18, 2020 @ 1:38 pm By Omar Faridi  |  

Trade Republic, a mobile-based investing app, has secured €62 million (appr. $67 million) in capital through a Series B funding round led by Accel and the Founders Fund. The money raised will be used to expand the company’s line of products and services. The funds… Read More

April 16, 2020 @ 9:16 am By JD Alois  |  

Varengold Bank (VdK), a marketplace bank that is focused on Fintech, has joined the Association of German Credit Platforms. The credit institute based in Hamburg focuses on the business of financing online lending marketplaces and thus aligns with the Varengold. This is the first inclusion… Read More

April 15, 2020 @ 10:45 pm By Omar Faridi  |  

Germany-based Black Manta Capital Partners has introduced a $12 million security token offering (STO) for the Berlin real estate market. The initiative is reportedly a collaboration with Tigris Immobilien, a German real estate company. Approximately 2000 sq meters of real estate property, which mainly consists… Read More

April 13, 2020 @ 9:06 am By JD Alois  |  

The FTGA has been awarded to startups and scaleups annually since 2016 whose business ideas have the potential to fundamentally change the financial sector. It offers founders a large stage and the confirmation of what has been achieved through prizes awarded by a competent jury. In… Read More

April 10, 2020 @ 4:29 pm By Omar Faridi  |  

A group of Fintech firms are planning to create a hardware-free mobile point-of-sale (mPOS) system. The mobile-based payments system will process contactless payments made from Android devices. Germany-based Fintech companies CCV Group, Intertrust, Riscure, and Rubean have reportedly been working on the PhonePOS concept, in… Read More

April 6, 2020 @ 5:16 pm By Samantha Hurst  |  

Xpension, a German digital corporate pension and life insurance brand, announced on Monday it secured €25 million through its Series C funding round, led by HPE Growth with participation from  Cinco Capital, led by Lars Hinrichs (Founder of XING and Chairman of Xpension), and Armada… Read More

April 3, 2020 @ 8:21 am By JD Alois  |  

ChainTrust GmbH, based in Hamburg, Germany, is out with a new crisis management system for entities that have migrated to remote operations during the COVID-19 outbreak. The company is focusing on supporting firms and other institutions to manage their workers in a GDPR compliant manner…. Read More

March 28, 2020 @ 1:09 pm By Omar Faridi  |  

Munich-based Regtech firm DataGuard, which provides what it refers to as the General Data Protection Regulation (GDPR)-as-a-Service, has secured $20 million in capital through a Series A investment round, which was led by One Peak Partners. DataGuard assists firms with ensuring that their business complies… Read More

March 27, 2020 @ 8:43 am By Omar Faridi  |  

Germany’s private banking customers who have an account with Bankhaus Hauck & Aufhäuser will now be able to access various third-party deposit products that are being offered through a partnership with Fintech firm Raisin’s German deposits platform (www.WeltSparen.de). According to a release, Hauck & Aufhäuser… Read More

March 23, 2020 @ 11:10 am By JD Alois  |  

Creditshelf Aktiengesellschaft (CSQ.F) is reporting that revenue increased 92% during 2019. According to a release, creditshelf saw revenue increase to €4.564 million from year prior of €2.4 million. The growth was due in part to a successful partnership with Commerzbank. Creditshelf is an online lender… Read More

March 22, 2020 @ 6:50 pm By JD Alois  |  

Aescuvest international GmbH has issued a call to crowdfunding platforms to fight the global threat of the Coronavirus or COVID-19. aescuvest has issued a call to support programs to mitigate the economic impact of the pandemic and to promote and fund innovations that may help… Read More

March 17, 2020 @ 11:27 am By Samantha Hurst  |  

Digital bank Penta announced on Tuesday it secured €18 million through its latest round of funding, which was led by RTP Global with participation from ABN AMRO Ventures, VR-Ventures, finleap, and HV Holtzbrinck Ventures. The latest funding round comes six months after Penta raised €8… Read More

March 17, 2020 @ 1:08 am By JD Alois  |  

KlickOwn has launched its first security token offering for real estate in Germany. Launched in mid-2019, the first digital security is for a building based in Lüneburg, Germany. The offering is debt-based seeking up to €1.5 million. As of today, the offering has raised over €350,000…. Read More

March 15, 2020 @ 10:50 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) recently announced the acquisition of ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers. This news comes just days after Accenture acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its… Read More

March 13, 2020 @ 10:03 am By JD Alois  |  

The German Federal Financial Supervisory Authority or BaFin, has approved the first cross-border security token offering (STO) for ParkinGO, according to the company. ParkinGO will be issuing digital securities on the token issuance platform STOKR based in Luxembourg. Retail investors in Germany, along with investors… Read More

March 13, 2020 @ 9:37 am By Omar Faridi  |  

TBC Bank Group PLC, a Georgian bank headquartered in Tbilisi, Georgia, announced on March 12, 2020 that it will be expanding its digital banking services to Germany, in order to take advantage of the leading European nation’s progressive environment for new businesses. The Space digital… Read More