Category: Financial Institutions
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Motive Partners Buys Ramin Niroumand’s FinTech Fund Embedded Capital!
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New York venture capitalist Motive Partners (website) acquires Berlin-based fund Embedded Capital. Together they want to manage €300 million. The fund, which specializes in fintechs, was founded by Ramin Niroumand about a year ago. Niroumand is known as the founder of the fintech incubator Finleap. Neither company commented on the…
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BLKB Continues To Expand Its FinTech Portfolio With Parashift!
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Basellandschaftliche Kantonalbank (BLKB) is stepping on the accelerator and taking another tech company on board. The largest bank in the Basel area is also pursuing big goals in the FinTech sector. The portfolio of participations and cooperations has been growing recently at a relatively high pace.
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UniCredit And Citi Considering Share Swap With Russian Banks
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According to Reuters, Italian UniCredit and US-based Citi are exploring possibilities for swapping shares with Russian financial institutions. A share swap would enable the central banks to avoid high write-downs. According to a report, UniCredit initially rejected an offer. UniCredit has already received several offers from banks in Russia to…