Category: Finance
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Mastercard Acquires Stake Of FinTech Treezor
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Fintech Treezor (PR42 profile) has gained a new investor in Mastercard.Mastercard is investing in its partnership with Treezor, the fintech subsidiary of bank Société Générale. Treezor was acquired by Société Générale in 2019. The credit card company acquired a minority stake in the fintech from the French institution, Mastercard announced…
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Another BaFin Executive Fired Over Wirecard Scandal!
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German regulator BaFin is parting ways with its executive director Beatrice Freiwald after a months-long legal dispute. The supervisor is leaving “by virtue of a decision by the German government as a member of Bafin’s board of directors,” the authority announced on Tuesday evening.
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FinTech StartUp Tymit Raised $26 Million In Series A Funding Rund
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Tymit is a credit company that offers traditional credit cards and a “buy-now-pay-later” service. The UK-based FinTech has now closed a $26 million funding round at the beginning of Q4, after successfully raising $5 million earlier in 2019. The round was led by Frasers Group, which operates U.K. retail brands,…
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Zurich FinTech Crealogix Burned Half Of Its Cash!
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Crealogix is almost systemically crucial for the financial centre. From Aargauische Kantonalbank to Cler, Credit Suisse and Julius Bär to Raiffeisen and ZKB, all have ebanking solutions from the Zurich-based company. Now they may be worried about the company’s financial situation. As of June 30, revenues are down 15%, with…