Tagged: germany

March 27, 2019 @ 9:30 am By Therese Torris  |  

At the InnoFinance Summit 2019 on March 26, 2019, the German Crowdfunding Association  (Bundesverband Crowdfunding) introduced its new “Transparency Seal”. The Transparency Seal is a self-regulatory label awarded by the association to member platforms which respect a set of quality and customer protection standards. With this… Read More

March 22, 2019 @ 2:06 am By JD Alois  |  

First Data (NYSE:FDC), has acquired ayCash, a Germany-based provider of cashless payment terminals and digital merchant services. A First Data representative said ayCash has a growing client base, serving the increased demand for cashless technology in Germany and the region. Founded in 2008 by Hans… Read More

March 18, 2019 @ 10:54 am By JD Alois  |  

Bitbond, an online lending platform, has launched one of Germany’s first Security Token Offerings (STO). The Bitbond STO has published a BaFin approved Prospectus in conjunction with the offering representing an important step in the validation of the emerging digital asset ecosystem. The Bitbond STO… Read More

March 13, 2019 @ 11:50 am By Samantha Hurst  |  

wefox Group, a Germany-based insurtech firm, has successfully secured $125 million through its Series B funding round. China-based fintech CreditEase reported that its direct investment arm, CreditEase Fintech Investment Fund (CEFIF) participated in the round, with Goldman Sachs International acting as a private placement adviser… Read More

March 13, 2019 @ 8:55 am By JD Alois  |  

Deutsche Börse, Swisscom and Sygnum are partnering on the creation of a “trusted digital asset ecosystem” to build a platform to provide digital asset issuance, liquidity and banking services. The partnership is indicative of the growing acceptance by mainstream finance regarding the potential of distributed… Read More

March 12, 2019 @ 5:43 am By Erin Hobey  |  

Companisto, the largest German crowdfunding platform, successfully closed its INVEST grant self-funding round over the weekend. 520 investors rallied and raised €4,833,195 during the campaign. Crowdfund Insider reached out to the Companisto regarding the raise: “We think our financing round and Ameria’s financing round are a… Read More

March 7, 2019 @ 11:22 am By Erin Hobey  |  

The largest German crowdfunding platform Companisto is in the midst of an INVEST grant self-funding round, the platform’s own equity investment. To date, over €4,420,000, overfunding by 164%, has been raised by more than 448 investors. The amount continues to increase with each click through…. Read More

March 7, 2019 @ 4:30 am By JD Alois  |  

This is a story that has only happened a couple of times. A Fintech, Raisin, has purchased a traditional bank, according to a release from the firm. Raisin recently closed on €100 million funding round. The acquisition of MHB of Frankfurt by Raisin is still… Read More

February 27, 2019 @ 2:37 pm By Samantha Hurst  |  

Germany-based challenger bank N26 is reportedly set to open a new office in Brazil at the beginning of March. The news comes less than two months after N26 secured $300 million through its Series D funding round, which was led by venture capital and private equity firm Insight… Read More

February 20, 2019 @ 3:17 pm By Cali Haan  |  

Rise, a German company marketing a forthcoming initial coin offering (ICO) with a campaign featuring a “democratize prosperity” slogan and a video of a homeless man driving a Lamborghini, has had its “virtual IPO” (ICO) scuttled by Germany’s Federal Supervisory Authority (Bafin), Handelsblatt reports. The… Read More

February 19, 2019 @ 12:26 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has partnered with German furniture retailer,  Segmüller, to provide a mobile payment solution. Through the partnership, Segmüller now offers its customers the opportunity to pay invoices with their mobile devices or credit cards when they… Read More

February 18, 2019 @ 8:01 am By JD Alois  |  

Bafin, Germany’s securities regulator, has given the green light to Bitbond to issue digital bonds. Bitbond is an online lending platform that operates globally. In business since 2013, Bitbond provides access to capital for small businesses. The Fintech boasts a peer to peer lending network… Read More

February 15, 2019 @ 8:33 am By Samantha Hurst  |  

Germany-based challenger bank N26 recently announced it has introduced premium N26 Black account in  Denmark, Iceland, Liechtenstein, Norway, and Sweden. According to N26, N26 Black targets frequent travelers and it removes the “uncertainty” of exchange rates and transaction costs encountered through foreign travel and provides customers with free… Read More

February 13, 2019 @ 3:25 pm By Therese Torris  |  

Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Raffael Johnen, Founder and CEO of auxmoney, commented: “While the major German banks are in crisis mode, the leading German fintechs are always setting new records. With… Read More

February 13, 2019 @ 7:39 am By JD Alois  |  

The Gibraltar Blockchain Exchange (GBX) has listed the Iconiq token “ICNQ” to its Digital Asset Exchange (GBX-DAX). Since the beginning of 2019, GBX-DAX has listed XRP, EOS, TRON, XLM, and now ICNQ. In 2018, GBX-DAX received a full “Distributed Ledger Technology (DLT) Licence” from the Gibraltar… Read More

February 11, 2019 @ 8:58 am By Karsten Wenzlaff  |  

The European Parliament Elections are looming in May – and so far, there is no progress in sight regarding the European Crowdfunding Service Provider Regime. It remains unclear whether the Romanian Finance Minister TEODOROVICI will make the conclusion of the negotiation process a priority. The… Read More

February 9, 2019 @ 12:11 pm By Cali Haan  |  

Five men and one woman have been arrested in Klingenthal, Germany and are charged with stealing 220 000 Euros ($249 843 USD) worth of electricity to run a cryptocurrency mine consisting of 49 computers housed in an industrial facility, Freie Presse reports. Officials reportedly detected… Read More

February 6, 2019 @ 8:01 am By JD Alois  |  

Raisin, an online marketplace for savings and investment products, has closed a Series D funding round raising $114 million. This brings total funding for the Fintech to $200 million. Raisin said that existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital all participated in… Read More

February 5, 2019 @ 9:14 am By Erin Hobey  |  

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

February 5, 2019 @ 8:10 am By JD Alois  |  

Falkensteiner Hotels & Resorts and Finnest have closed on an €8.5 million funding round – one of the largest ever for a crowd finance platform. Finnest GmbH, headquartered in Vienna, Austria, is a Fintech providing crowdfunding services in the DACH region as well as Slovakia and Croatia…. Read More