Category: FinTech
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i2 Group: Swiss FinTech Simplifies Management Of Private Debt Investments!
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The private debt sector is booming. Private debt refers to loans that banks do not grant. In 2021, the volume reached USD 1,187 billion, a fourfold increase in ten years. The reason for this is the growing interest of institutional and private investors in attractive alternatives to the usual fixed-interest…
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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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Neobank Wise Obtained A MAS License
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London-based Neobank Wise (PR42 Profile) has been granted a capital market services license by the Monetary Authority of Singapore. Through the license, Wise will be able to launch its new Assets investment product in Singapore in early 2023. The product can be used by business and retail customers to generate…
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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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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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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,…