Tagged: spain

January 13, 2020 @ 10:59 am By Omar Faridi  |  

BBVA, a major Spanish multinational banking group, is considering the possibility of providing various banking-related products via Amazon (NASDAQ:AMZN). The financial industry has seen a large number of new solutions being introduced during the past few years and there has been a sharp increase in… Read More

January 10, 2020 @ 7:27 am By Omar Faridi  |  

Telefonica, a Spanish telecommunications giant, will be teaming up with Spain’s Association of Science and Technology Parks (APTE) in order to provide access to its blockchain-based platform to around 8,000 local companies. Telefonica will reportedly be deploying nodes of its Hyperledger-enabled blockchain at APTE’s 52… Read More

January 8, 2020 @ 4:59 pm By Omar Faridi  |  

Dutch financial giant ING will spin out the bond analytics platform Katana, the latest startup to successfully complete and graduate from the bank’s Fintech incubation labs. Katana is presently among 25 other innovation projects being incubated at ING Labs, which have centers based in Amsterdam,… Read More

December 16, 2019 @ 7:21 pm By JD Alois  |  

Leading UK based investment crowdfunding platform Crowdcube is out with a note claiming a record-breaking year for international securities offerings. According to Crowdcube, during 2019 overseas offerings raised €26.6 million – a 100% increase versus year prior. This took place even while the sword of… Read More

December 9, 2019 @ 8:47 am By Omar Faridi  |  

StudentFinance, a Fintech firm launched by the founders of Uniplaces, recently revealed that it had secured €1.15 million (appr. $1.27 million) in seed funding led by Seedcamp, a Revolut and Transferwise investor, which are two of Europe’s largest Fintech companies. Mustard Seed Maze also took… Read More

November 26, 2019 @ 7:36 am By Omar Faridi  |  

Following its successful launch in France, Orange Bank is further expanding its global operations with the introduction of a new branch in Spain. The financial institution aims to solidify its multi-service, diversification strategy by providing new mobile-based banking services. Launched on November 25, 2015 in… Read More

November 19, 2019 @ 7:22 am By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, recently revealed that it has made an all-cash offer for Bolsas y Mercados Espanoles, a Spanish stock exchange operator. The deal would reportedly establish the third-largest financial market infrastructure group in… Read More

November 16, 2019 @ 12:44 pm By Omar Faridi  |  

A Nestle grocery store based in Spain has introduced a facial recognition payment system designed by CaixaBank and the institution’s Payment Innovation Hub alliance. Samsung, Global Payments, Visa, and Arval are members of the alliance. Nestle’s Face to Pay Market application can be downloaded from… Read More

November 14, 2019 @ 2:12 am By Omar Faridi  |  

Madrid-based Banco Bilbao Vizcaya Argentaria (BBVA), a multinational Spanish banking group with $827 billion in total assets, recently revealed its successful third quarter results. BBVA, one of the world’s largest financial institutions, noted in a blog post on November 11 that its digital sales statistics… Read More

November 13, 2019 @ 11:53 am By JD Alois  |  

Banco Sabadell, a bank based in Barcelona, has reached a partnership agreement with Nemuru – a Fintech that seeks to make it easier for professionals in the renovations sector to offer their customers instant loans at the point of sale. Banco Sabadell reports that the… Read More

November 12, 2019 @ 7:28 am By JD Alois  |  

ID Finance, based in Barcelona, has closed its crowdfunding round raising £4.95 million. The equity offering was listed on Crowdcube Spain and topped the previous record for equity crowdfunding in the country. ID Finance is an online lender, data and credit scoring company operating in… Read More

November 8, 2019 @ 4:20 pm By Samantha Hurst  |  

Bnext, a Spain-based mobile-first neobank, has successfully secured more than £2.6 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise a minimum of £1 million, was launched just weeks after the digital banking startup raised $25 million through… Read More

November 5, 2019 @ 4:10 am By Omar Faridi  |  

Madrid-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, will be acquiring a 50.1% stake in Ebury for £350 million (appr. $450.9 million). Ebury is a London-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that… Read More

November 1, 2019 @ 4:28 pm By Omar Faridi  |  

Spanish neobank Rebellion has reportedly become the first challenger in the nation to acquire a banking license and provide International Bank Account Number (IBANs), according to a report from La Vanguardia.  The Fintech company is planning to become a neobank that “best speaks the language… Read More

October 31, 2019 @ 12:55 am By Omar Faridi  |  

Spanish Fintech firm PecunPay, which provides a payment and electronic funds transfer platform (managed by the Bank of Spain), has selected New York-based tech giant IBM to develop Red Hat’s Kubernetes platform OpenShift in order to help “drive business.” PecunPay reportedly manages over 500,000 cards… Read More

October 22, 2019 @ 11:48 am By Omar Faridi  |  

Over 650,000 companies can register to become BBVA Spain customers, via an online process that reportedly takes a few minutes to complete.  BBVA has been offering various online enrollment options for private clients. The institution is the first bank in Spain to launch an online… Read More

October 16, 2019 @ 10:46 am By JD Alois  |  

ID Finance has crowdfunded £1.5 million “within minutes” according to a note from the company. ID Finance is seeking £2 million on Crowdcube. According to the offering page, ID Finance has received the backing of 248 investors hitting  76% of the target raise. ID Finance… Read More

October 15, 2019 @ 10:25 am By Samantha Hurst  |  

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

October 7, 2019 @ 7:01 pm By JD Alois  |  

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

October 3, 2019 @ 10:30 am By Samantha Hurst  |  

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