Tagged: spain

August 1, 2022 @ 10:47 pm By Omar Faridi  |  

After stabilizing in May 2022, investment figures declined “from €15,458,394 to €12,913,190 in June 2022” on the Bondora platform. And with loan originations, there was “an overall decline of 17.3%.” This was expected, as there “have been slowdowns in origination and investment activity during the… Read More

July 31, 2022 @ 10:27 pm By Omar Faridi  |  

ID Finance Spain has published its results for the first half of 2022. The firm has provided the following operational and financial information: Net profit up 25% YOY, to €5m Revenue up 57% YOY, mainly due to the positive performance of MoneyMan’s lending activity in… Read More

July 28, 2022 @ 9:40 am By JD Alois  |  

Quasar Finance, a Cosmos-based DeFi project, has raised $6 million from big-name blockchain VCs including Polychain Capital, Blockchain Capital, Figment Capital, Lightshift Capital, and Galileo. Quasar CEO and co-founder Valentin Pletnev aims to make digital assets “simple, accessible and secure, while utilizing the Cosmos platform’s… Read More

July 27, 2022 @ 10:47 am By Omar Faridi  |  

As from today, all Austrian and Spanish government debt securities cleared by LCH SA’s RepoClear service are “available for settlement through Clearstream Banking AG.” The two new markets “complement the existing proposition for Belgian, French and German government debt.” RepoClear clearing members can now “choose… Read More

July 26, 2022 @ 7:53 am By Omar Faridi  |  

Barcelona-headquartered community Fintech 11Onze has partnered with insurance firm Tuio, in order to provide a unique market proposal – 11Onze Segurs. It’s a technology-driven, agile, transparent, affordable home insurance service for members. The home insurance policy is around 15-20% cheaper when compared to the average… Read More

July 18, 2022 @ 8:35 am By Omar Faridi  |  

For those interested in how Go & Grow works, Bondora recently shared information about what makes it successful (mainly its portfolio distribution). Bondora has provided details on how the claims added to Go & Grow are distributed, the most common ratings, the “most popular” goal… Read More

July 13, 2022 @ 11:08 pm By Omar Faridi  |  

French startup Qori has officially launched services, allowing Europeans to make payments in store, remotely or online with their bank or virtual currency wallets without being required to download a proprietary app. The “pay by bank” and “pay by crypto” tech is currently available to… Read More

July 13, 2022 @ 3:17 pm By Omar Faridi  |  

Allfunds Blockchain, the arm of Allfunds (AMS:ALLFG) specialized in blockchain technology, launches FAST in Italy, a solution “built on blockchain technology aimed at increasing the speed and efficiency of mutual funds transfers, which was already successfully launched in Spain.” FAST represents a “novelty” for the… Read More

July 13, 2022 @ 9:23 am By Omar Faridi  |  

Fuell, the Spanish firm that has created a corporate card and expense management SaaS, has finalized a €1.5 million funding round that was led by Y Combinator and Fin Capital. US business investors Michael Levinthal and Andy Cohen also made contributions to the investment round,… Read More

July 13, 2022 @ 8:46 am By Omar Faridi  |  

The team at GoHenry notes that it has been 10 years since they launched operations in the United Kingdom, and they now have more than two million members in the UK and US. They recently launched their in-app Money Missions “to make financial education fun… Read More

July 6, 2022 @ 8:38 am By Omar Faridi  |  

Last year, October had carried out a survey among their community of lenders in order to gain insights into the topics they were “eager to learn more about.” One topic came back repeatedly: their platform statistics. To answer your questions related to stats, October is… Read More

July 5, 2022 @ 11:07 am By Omar Faridi  |  

Talenom Plc has reportedly agreed to acquire the platform business Nomo in an asset deal. Nomo operates from Barcelona, Spain, and its business operations “cover the entire country.” Nomo offers its customers “a comprehensive digital platform for accounting and financial and tax planning.” The platform… Read More

June 27, 2022 @ 8:47 am By JD Alois  |  

Securitize, a security token issuance platform and digital security trading market, has announced its expansion into Europe. Securitize has been approved by the Spanish General Secretariat of the Treasury and International Finance to enter its experimental program or Fintech sandbox where Securitize will serve a… Read More

June 25, 2022 @ 7:09 pm By Omar Faridi  |  

Breega, the European VC built “by founders for founders,” has closed a €250 million venture fund and now celebrates the launch of a Barcelona office along with its London and Paris locations. The fund should enable Breega to finance founders at Series A stage and… Read More

June 14, 2022 @ 4:21 pm By Omar Faridi  |  

CaixaBank and Microsoft (NASDAQ: MSFT) have established a joint innovation agreement with the aim of “promoting the application of Artificial Intelligence (AI) in new financial solutions, as well as creating new innovative work environments located in the Metaverse.” The agreement involves the launch of an… Read More

June 8, 2022 @ 9:25 am By Omar Faridi  |  

After carefully watching the number of new investors every month, Bondora is pleased to confirm that there are now over 200,000 investor accounts on their platform. Bondora notes that they are quite pleased that more and more people are choosing to invest with them. Their… Read More

June 8, 2022 @ 7:21 am By Omar Faridi  |  

Mintos notes in its Mintos Insight update that for certain investment products, regulation happens from the get-go, but for others, they might “not fall into a regulatory framework straight away.” While sharing other key takeaways from the Mintos Insight report, the team noted that new… Read More

June 8, 2022 @ 12:34 am By Omar Faridi  |  

CaixaBank, which claims to be Spain’s “leading” financial institution, has launched FXNow, its online platform that enables customers to trade currencies “in real time, quickly, securely and without intermediaries, in Morocco.” With the launch, CaixaBank claims it has become “the only Spanish bank in Morocco… Read More

May 30, 2022 @ 12:46 pm By JD Alois  |  

Estonia-based lomob Technologies OU, a blockchain-based firm that is developing a “mobility marketplace network and token” has received an investment from Cypher Capital. Cypher Capital is a VC firm based in the UAE, and active in the global crypto, blockchain, and digital asset space. The… Read More

May 28, 2022 @ 10:45 pm By Omar Faridi  |  

Even though Bondora‘s cash recoveries declined in April 2022, the number of recovered loans increased considerably. Across all countries, recovered missed payments “increased by 2.3% to 79,281.” This means they have “a new record for the most missed payments recovered.” In March, Bondora claims it… Read More