Tagged: italy

May 22, 2020 @ 11:37 am By JD Alois  |  

Young, an Italian crypto-exchange startup that raised seed funding on Seedrs last fall, has raised additional capital at a valuation of €10 million. When Young raised funding on Seedrs the pre-money valuation was pegged at €8.5 million. The company ended up raising €787,480. Details on… Read More

May 20, 2020 @ 11:13 pm By Omar Faridi  |  

Artificial Intelligence firm, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) recently revealed that it’s expecting its Fintech affiliate, MarketWall, to benefit from the new trend toward the increased use of digital channels, due to the COVID-19 outbreak. AnalytixInsight says that its analysis is based on Intesa… Read More

March 30, 2020 @ 8:07 am By Omar Faridi  |  

A group of companies based in the Netherlands have introduced the “Tech against Corona” project. Firms taking part in the initiative will provide the latest technology and expertise to the Dutch government so that it may be used to combat the coronavirus (COVID-19) outbreak. Tymlez,… Read More

March 23, 2020 @ 2:17 pm By Omar Faridi  |  

Italian bank Unicredit is providing a discounting solution to Venchi, a local chocolate and ice cream company. The discounting tool has been developed by FinDynamic, an Italian Fintech firm. It allows firms that are UniCredit clients to optimize how they use their working capital while… Read More

March 23, 2020 @ 7:32 am By Omar Faridi  |  

The Italian Red Cross is reportedly looking for Bitcoin (BTC) donations in order to buy critical medical equipment and supplies. The organization’s first cryptocurrency fundraiser managed to achieve its target within three days after its launch. On March 12, 2020, Italy’s Red Cross introduced a… Read More

March 20, 2020 @ 7:47 am By Omar Faridi  |  

Cryptocurrency adoption is steadily increasing and the coronavirus (COVID-19) pandemic appears to have motivated or influenced Italy’s Banco Sella to introduce a Bitcoin (BTC) trading service. The BTC trading may be performed through Banco Sella’s Hype exchange platform, with the bank serving as a trusted… Read More

March 13, 2020 @ 8:12 am By Samantha Hurst  |  

Online payments company Skrill announced on Friday it is dropping all fees and foreign exchange charges for those using its Skill Money Transfer service to send funds to Italy. Along with the transfer fee drops, there will also be no charges for recipients in Italy…. Read More

February 27, 2020 @ 10:21 am By Omar Faridi  |  

Italy-based FinecoBank, a Fintech service provider and private banking group, is expanding its exchange service hours for its UK-based users, who now have the option of trading different currencies 21 hours a day, 7 days a week. FinecoBank is also expanding its multi-currency accounts to… Read More

February 13, 2020 @ 9:57 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Wednesday it has acquired Moneymour, a buy now, pay later payments platform based in Italy. Founded in 2017, Moneymour allows customers to buy now, pay later by splitting their purchases into monthly installments based on an instant credit assessment. “The… Read More

February 7, 2020 @ 6:45 am By Omar Faridi  |  

The Italian Ministry of Economy and Finance has reportedly begun a consultation on a Draft Decree on the evaluation criteria to test out Fintech projects in a sandbox environment. The ministry has appointed a Fintech Committee, which will be exploring various financial technology projects. The… Read More

January 22, 2020 @ 7:29 am By Omar Faridi  |  

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

January 14, 2020 @ 11:47 pm By Omar Faridi  |  

Mexico-based Fintech firm Resuelve Tu Deuda has secured $453 million pesos (appr. $24 million) in funding which includes both equity and financing in order to expand its business operations within and outside of the Latin American region. The company’s investment round was led by Alloy… Read More

December 5, 2019 @ 10:18 pm By Samantha Hurst  |  

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Thursday it has launched its service in both Italy and Portugal. As previously reported, Tink provides partners ranging from big banks to individual developers with the technology to securely access financial… Read More

October 15, 2019 @ 9:10 pm By JD Alois  |  

ClauseMatch has announced that it now operational at Intesa Sanpaolo. The partnership is said to be the genesis of a meeting at Fintech Innovation Lab hosted by the Bank. A Proof of Concept soon followed. The ClauseMatch platform is currently being used by Barclays and… Read More

October 12, 2019 @ 6:33 pm By Omar Faridi  |  

Intesa Sanpaolo, an Italian banking group formed through the merger of Banca Intesa and Sanpaolo IMI, has reportedly invested €7 million in mobile payment system developer MatiPay.  The multi-million dollar investment will allow MatiPay to expand its operations in Europe, Japan and the US, where… Read More

October 3, 2019 @ 9:07 am By JD Alois  |  

Leading European marketplace lending platform October has joined with 5 Confidi entities belonging to Federconfidi and Rete Fidi Italia and with the European Investment Fund (EIF), to launch a €30 million fund to back Italian SMEs. Confidi are cooperative, non-profit guarantee consortia that facilitate access… Read More

September 12, 2019 @ 10:36 pm By Samantha Hurst  |  

Italy-based cryptocurrency exchange platform, Young Platform, has closed its equity crowdfunding campaign on Seedrs with a total of €787,480 in funding secured. The funding round was launched on the equity crowdfunding platform earlier this summer and quickly secured its initial €500,000 funding target while attracting… Read More

August 30, 2019 @ 10:15 pm By Samantha Hurst  |  

Italy-based cryptocurrency exchange platform, Young Platform, is set to close its Seedrs campaign with nearly €800,000 in funding. The funding round was launched on the equity crowdfunding platform earlier this summer and quickly secured its initial €500,000 funding target. It has attracted more than 700… Read More

August 6, 2019 @ 8:07 am By JD Alois  |  

FinecoBank, a more traditional bank that is seeking to burnish its Fintech credibility, has added the Canadian Stock Exchange to its options for investors. According to a release, traders and investors can now access an additional 250 shares and over 600 ETFs available on the… Read More

August 2, 2019 @ 7:13 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has formed a new partnership with Sisal Group, through its brand SisalPay, to continue to drive digital payments in Italy. According to Wirecard, SisalPay already offers one of the most successful payment… Read More