Category: FinTech
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CarDekho Is Investing $100 Million In Its FinTech Subsidiary Rupyy!
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CarDekho Group, interested in an initial public offering, said it would invest $100 million in its fintech subsidiary Rupyy, in a mix of debt and equity. Rupyy crossed a monthly auto loan disbursement volume of Rs 500 crore in September. The brand plans to reach an annual disbursement volume of…
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Startup Rivero Becomes The First Swiss Visa FinTech Partner!
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Rivero, a fintech provider pioneering SaaS solutions, announced that it had become the first Swiss company to be accepted by the Visa Fintech Partner Connect program. This program from Visa provides access to world-class and trusted technology partners.
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Cyprus PayTech Praxis Announces New Features!
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Cyprus-based Amit Klatchko’s PayTech Praxis Tech Ltd announced new and improved features for its product offering, including enhanced verification and bulk action functions. The new features include a bulk action feature, an improved verification feature, multiple customer profile selections, and new currencies and countries added to the Praxis dashboard. Praxis…
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WOO Network Joins The FinTech Poland Ecosystem!
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In recognition of Poland’s role in the advancement and innovation of digital assets in the European Union, WOO Network has joined the FinTech Poland ecosystem, which aims to share critical insights into the innovative, secure and responsible crypto asset market in the country.
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Russian FinTech CEOs Renounced Their Russian Citizenship!
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Vladimir Putin will definitely not like it. Revolut CEO Nikolay Storonsky and Tinkoff founder Oleg Tinkov are two prominent financial entrepreneurs who have renounced their Russian citizenship. They criticize Putin’s war course in no uncertain terms.
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Fintech Startup Neon Raises 11 Million Francs!
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Swiss neobank Neon has raised 11 million Swiss francs in a financing round. The company says a capital increase of 2.5 million Swiss francs by institutional investors had already taken place in September. In addition, another 8.6 million Swiss francs have now been crowdfunded from the user community.
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Fintech N26 Changed Legal Form Into A Joint Stock Company!
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Neobank N26, legally organized as a GmbH (limited liability company), will be transformed into an AG (joint stock corporation). Accordingly, a supervisory board will be established. Being a joint stock company, the prerequisites would be created to be able to transform it into a European company (Societas Europaea, SE) in…
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German Credit Broker Smava Dismisses Again About A Hundred Co-Workers!
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In just a few weeks, Berlin-based fintech Smava is laying off employees for the second time. Berlin-based fintech Smava has once again turned to the red pen and, this time, laid off around 15% of its workforce, as Gründerszene learned from an insider. In purely arithmetical terms, that would be…
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FinTech Aifinyo AG Now With Company Headquarters In Berlin!
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The headquarters of aifinyo AG is now officially in Berlin. In the German technology and startup hub, the B2B fintech has already had a location in the capital for a long time. Friedrichstrasse in the heart of Berlin, is home to about one-third of all employees. With additional locations in…
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U.S. FinTech Company Stripe Is Laying Off 14% Of Its Workforce!
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U.S. fintech giant Stripe has announced it is laying off 14% of its workforce in what it calls the “most severe change” for the company. The move would mean that about 1,120 of the fintech company’s 8,000 employees will be laid off. Stripe CEO Patrick Collison announced Thursday in a memo, saying…