Tagged: spain

BBVA Announces Investment in Spanish Fintech Startup PrivacyCloud

BBVA announced on Tuesday it led the first funding round of PrivacyCloud, a Spanish startup developing a series of tools to allow users to control how their data are used by businesses to create commercial or marketing offers. La Sexta Opción, an investment vehicle promoted and… Read More

Fastest Growing Fintech in Spain: ID Finance Predicts €90 Million in Revenue this Year, Plans Crowdfunding Round on Crowdcube

ID Finance, said to be the fastest-growing Fintech in Spain, is queuing up a crowdfunding offering on Crowdcube. ID Finance reports that it should hit €90 million in top-line revenue this year making it one of the largest companies to raise capital on Crowdcube so… Read More

Spanish Mobile-First Neobank Next Secures $25 Million Through Series A Funding Round Led By DN Capital

Bnext, a Spain-based mobile-first neobank, announced this week it raised $25 million through its Series A funding round, which was led by DN Capital, with participation from RedAlpine, SpeedInvest, Founders Future, Cometa, Enern, USM, and Conexo. Founded last year, Bnext states it offers customized services… Read More

Spanish Digital Transformation Firm Minsait Acquires Spanish Fintech Afterbanks

Madrid-based Minsait, a company that focuses on digital transformation while providing business management consulting services, acquired 100% of Spanish Fintech firm Afterbanks. Afterbanks’ proprietary technology is used to retrieve and aggregate data from different financial institutions, in order to process payments quickly and efficiently. Minsait’s… Read More

Banking Giant Santander Conducts One of the Most Advanced Blockchain-based Bond Transactions

Spanish multinational commercial bank Santander has reportedly become the first financial institution to handle all aspects of a bond issuance process on a blockchain-based platform. The world’s ninth-largest financial services company used an ERC-20 compliant token to represent $20 million in issued debt, and settled… Read More

Spain’s Autonomous Region Catalonia Introduces Decentralized Digital Identity Platform

The government of Catalonia is developing a decentralized identity solution that will allow the autonomous community’s residents to control their data while interacting with internet-based services. Referred to as the IdentiCAT project, the launch of the new digital identity platform was announced on September 7… Read More

Update: Life Length Set to Close Crowdcube Round With More Than £2.1 Million in Funding

Life Length, a Spain-based telomere diagnostics and analyses company, is set to close its equity crowdfunding campaign on Crowdcube with more than £2.1 million in funding from nearly 1,000 investors. The campaign was launched earlier this summer and quickly raised £650,000 funding target. As previously… Read More

Life Length’s Crowdcube Round Is Now Nearing £2 Million in Funding Secured

Life Length, a Spain-based telomere diagnostics and analyses company, has successfully secured £1.97 million in funding through its equity crowdfunding campaign on Crowdcube. The round was launched last month and quickly surpassed its £650,000 funding target. It has also attracted nearly 700 investors. Founded in… Read More

Celsius Network to Now Offer Loans in Euro & Stablecoins to Spain-Based Users

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it started offering cash and stablecoin loans to users in Spain. Accoridng to the platform, the loans are starting at just 4.95% per year and are claimed to represent the lowest cost available anywhere… Read More

BBVA Partners With Dufry Launches First WeChat Facilities in Spain at Adolfo Suarez Madrid-Barajas Airport

BBVA announced on Monday it has teamed up with Dufry to launched the first WeChat Pay facilities in Spain in travel retail operator’s World Duty Free stores at the Adolfo Suarez Madrid-Barajas airport. According to BBVA, the move is a “hugely significant shift” within the… Read More

Nanusens Raises €600,000 on Crowdcube

Nanotech firm Nanusens has closed on a crowdfunding round of €600,000 via Crowdcube. The offering was hosted via Crowdcube’s Spain facing platform. Nanusens raised approximately 3X its initial goal. The pre-money valuation was pegged at £4.9 million pounds with investors looking to purchase a 10.4%… Read More

Spanish Civil Guard Arrests 8 Individuals Running “Cryptocurrency Laundering as a Service” Operation

Officers of the Spanish Civil Guard in Spain assisted by Europol have arrested eight people and charged eight more for allegedly, “…providing large-scale crypto money laundering services to other criminal organizations.” Europol says the bust of this “cryptocurrency laundering as a service business” comes follows operation… Read More

Overfunding: Nanusens Latest Crowdcube Round Surpasses £200,000 Funding Target & Now Nears £350,000

Less than six months after securing €1 million through its previous Crowdcube round, Spanish nanotechnology company Nanusens has returned to the equity crowdfunding platform and has surpassed its £200,000 initial funding target. The funding round is now nearing £350,000 from more than 400 investors. As… Read More

GeoDB Raises Funds on Crowdcube to Grow Big Data Marketplace

Fintech startup GeoDB aims to provide a big data marketplace that includes an encrypted, safe, transparent, verified, accurate and decentralized datapool and also to solve the existing problems of the growing big data industry. The platform has recently begun £750,000 crowdfunding campaign on Crowdcube for… Read More

Spain Regulator: No ICOs Have Been Approved

Spain’s Comision Nacional Del Mercado de Valores (National Securities Market Commission or CNMV) has issued a statement clarifying that, to date, it has not approved any ICOs fundraising within its jurisdiction. According to a release from the Commission processed [Google Translate]: “The CNMV has not… Read More

Spanish CryptoMining Company to Return $68 Million Raised in ICO, Distances Self from “Loser” Token

CryptoSolarTech, a Spanish cryptocurrency mining company that raised $68 million USD (60 million euros) in an ICO fundraise last spring has sent a letter to investors announcing that the company will cease operations and return the money collected in the ICO, Cointelegraph reports. A copy… Read More

Crowdfunding: Startupxplore Claims to be Spain’s Largest Online Startup Network

In a release, equity crowdfunding platform Startupxplore stakes a claim as being “Spain’s largest online startup investors network.” The statement is based on Startupxplore having  14,703 registered individual investors. The site was launched in 2016 and reports having funded €6.5 million in 28 different deals.  Startupxplore is regulated by… Read More

Clubs DiR Returns to Crowdcube Again to Finance 24th Club, Raises €550,000

The Clubs DiR gym chain has closed a funding round of €550,000 via Crowdcube. The funding will provide needed capital to finance its twenty-fourth club, BDiR Calvet, which is expected to open its doors in 2019. Crowdcube reports that, in total, 142 people invested with… Read More

Nomo Banking Adds Raisin Savings Products to App based Platform

Nomo Banking, an App based banking service targeting freelancers, has added Raisin’s service to its platform. The bank will now offer its customers multiple options for overnight accounts and fixed-term deposits via Europe’s #1 deposit marketplace. Raisin currently provides access to over 65 different products… Read More

Raisin Partners with Santander on Open Banking, Spanish Savers Gain Access to Higher Interest Rates

Fintech Raisin has announced a new partnership with Santander Spain with an “Open Banking Agreement” which allows customers to authorize the bank to share with Raisin defined data for the registration process, including a customer’s name, date of birth, ID or contact details. Thus, registration… Read More

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