Author: Lucas Peterson
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FinTelegram Uncovers The Beginnings Of Collapsed Wirecard!
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According to the latest FinTelegram report, Wirecard was a local German payment processor until 2007. The international take-off started with the acquisition of Trustpay International AG and the two payment veterans Ruediger Trautmann (2005) and Dietmar Knoechelmann (2006). Wirecard acquired companies from them in complicated and secretive transactions, creating a…
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Credit FinTech In The Fast Lane: Teylor Presents Another Record Result In Q3!
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Zurich-based fintech Teylor continues to grow. The outlook for Q4 is positive. The Swiss company aims to become the leading credit fintech in Europe by 2026. In the third quarter of 2022, Teylor increased its revenue by almost three times compared to the previous year. The company expects to reach…
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Crypto Winter And The End Of A German Crypto Hope!
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Nuri is the first German fintech to feel the full force of the crypto crash. No buyers could be found for the insolvent bank, and the company is ceasing operations. That’s what its 200,000 customers now face.
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Jeremy Gies Was Named President Of SurgePays FinTech!
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SurgePays, a technology and telecommunications company focused on underserved customers, has appointed Jeremy Gies, a sales, business development and operations executive, as president of the company’s subsidiary, SurgePays Fintech, Inc.
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Solaris CEO Roland Folz Hands Over To Carsten Hoeltkemeyer!
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After six years at the helm, co-founder and CEO Roland Folz is waving goodbye to Solaris next year. He will leave the company on April 30, 2023, to be succeeded by Carsten Höltkemeyer, former chairman of the supervisory board of lending platform auxmoney.
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Climate And FinTech Startup Carbonˣ Raise €900,000 In Pre-Seed Funding!
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The carbonˣ (website) team announced a successful €900,000 pre-seed funding round with leading fintech, SaaS, and impact investors, including Algolia co-founders Nicolas Dessaigne and Julien Lemoine. Carbonˣ is a climate and fintech startup that helps companies meet their net-zero targets by lowering the risk of procuring permanent carbon credits while…
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FinTech Tomorrow Wants Money From The Crowd, Again!
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The green German fintech has been a hit with small investors. But professional investors gave significantly less money this year. In October 2020 and 2021, the Hamburg-based Tomorrow Bank (website) had already raised single-digit million amounts via crowdinvesting. The founders Jakob Berndt, Inas Nureldin, and Michael Schweikart now want to…
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Mexican B2B PayTech Yaydoo Acquires Oyster Financial!
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Mexican B2B paytech company Yaydoo has acquired Oyster Financial, a startup specializing in financial services for small and medium-sized businesses, to strengthen its presence in Latin America. With the acquisition for an undisclosed sum, Oyster CEO Vilash Poovala becomes Yaydoo’s chief technology officer (CTO).
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Egyptian FinTech Money Fellows Raises $31 Million For Expansion!
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The fourth funding round since 2018 was led by CommerzVentures, Middle East Venture Partners, and Arzan Venture Capital. The company announced on Sunday that Egyptian FinTech company Money Fellows had raised $31 million to diversify its service portfolio and expand in Africa and Asia.
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The New Spin-Off FinTech Of The Hypofriend Founders!
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The construction financing platform Hypofriend (website) is launching a spin-off. With Pensionfriend, the creators want to sell low-cost private pension insurance. But the ambitious plans raise questions. Nick Mulder is founding a new startup. Together with his father, Chris Mulder, the entrepreneur has already built up a fintech without millions…