Author: Lucas Peterson
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PayTech Startup Ryft Secured Seed Round Financing!
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Irish paytech Ryft (website) has closed a seed round led by SFC Capital. Other investors include the ex-founder of Shutterstock and the founder of LoveFilm. This brings Ryft’s total funding to date to £1.2 million. Ryft enables automated next-day payouts for marketplace businesses and their merchants for a single flat…
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Swiss Fintech Stableton Expands Management Team!
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Following substantial funding round, investment company and fintech platform Stableton has expanded its top management team threefold. It promoted Roman Loosli (newly Chief Technology Officer), Christian Schmid (Head of Investments), and Freddie Cunningham (recently Chief Commercial Officer) to the company’s senior management team, the company announced Thursday.
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Nigerian PalmPay Listed “Green” On PayRate42
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PayRate42 listed the Nigerian e-Money Institution PalmPay (website) in its “Green Compliance” list, suggesting that it is a reliable partner for merchants and their clients. PalmPay serves over 5 million users, with its monthly transaction volume standing at over $100 million as of June 2021. The company has partnerships with…
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Israeli Crypto Payment Processor Oobit Registered in Italy!
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FinTelegram reports that the Israeli crypto payment processor Oobit Technologies Pte. Ltd d/b/a Oobit announced that it has registered as a digital asset service provider in Italy. This will allow Oobit to offer crypto products and services to its growing customer base in Italy. The payment processor’s Estonian crypto license…
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Former Binary Options Scammer Launched A Startup Fund For Convicted Cybercriminals!
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In September 2020, Israeli Gal Barak was sentenced to four years in prison by a court in Vienna for investment fraud and money laundering. He was released on parole in 2021 and has since launched the Vantage Fund in Israel to fund convicted cybercriminals and their startups. However, German prosecutors…
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Mobility FinTech Moove Joins Forces With Uber UK To Bring Thousands Of Electric Vehicles To London!
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The African-based startup Moove (website), the world’s first mobility fintech and Uber’s largest vehicle provider in EMEA, announced its London launch as part of its global expansion. Move has launched in Europe with a 100% electronic vehicle (EV) rental-purchase model that provides access to new zero-emission vehicles for a flat…
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FCA-Regulated Paysafe Appoints New Chief Financial Officer
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NYSE-listed payment processor Paysafe Ltd announced that it appointed Alex Gersh (LinkedIn) as its new CFO. Gersh joins the company on October 3, 2022, and will report to Paysafe CEO Bruce Lowthers. The new payment executive joins Paysafe from Nasdaq-listed Sportradar, a global sports technology company. He has a record…
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Forty-Five Million Dollars For Berlin Fintech Topi!
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Berlin-based financial technology company Topi (website) raises $45 million from investors. The fintech offers dealers a platform through which they can offer their products for rent. This way, medium-sized companies, for example, can equip themselves with new computers, smartphones, or printers – without high one-off costs.
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Berlin-Based Solaris Posts Higher Losses And Needs To Refocus On Profitability!
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The Berlin fintech Solaris (website) had to accept a higher loss last year due to increased personnel expenses. The pre-tax loss at the Berlin-based fintech rose by around 24% year-on-year to almost 42 million euros. The company hired 88 new employees and employed 425 people in December 2021. This led…
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Bad News: BNPL-Fintech Klarna Triples Losses In H1 2022!
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After the hype years of 2020 and 2021, BNPL provider Klarna is struggling badly. After the massive down-round and mass layoffs, the Swedish unicorn has to report today a pretty tough first half of 2022. As a result, the operating loss has tripled compared to last year’s period.