Category: FinTech
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3.2 Billion Euros Per Quarter – FinTech Funding Volume Remains At Surprisingly High Level!
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In the third quarter of 2022, European financial startups raised around EUR 3.2 billion. This is far below the same quarter last year but is still significantly more than in previous years. Layoff waves, burst financing rounds, and also several insolvencies – the mood in the fintech sector is particularly…
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Satispay Achieves Unicorn Status With €320 Million In Series D!
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Italian paytech company Satispay has received €320 million in a Series D funding round led by Addition, bringing its valuation to over €1 billion. Existing investors Greyhound Capital, Coatue, Lightrock, Block Inc, Tencent and Mediolanum Gestione Fondi SGR also participated in the round.
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Prosus Terminates The $4.7 Billion Acquisition Of Indian BillDesk!
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The Dutch-South African investment firm Prosus announced the termination of the $4.7 billion acquisition of BillDesk, which would have been one of the largest in India’s financial technology sector, saying conditions of the deal had not been met. The transaction would have given Prosus, which already owns fast-growing PayU, a…
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Colombian FinTech Startup Finaktiva Raises $25 Million!
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Colombian FinTech company Finaktiva has reportedly raised $25 million in a mix of debt and equity, a LatamList report said. The funding round consisted of $20 million in debt from Bancolombia and other local banks. The $5 million in equity was provided by responsABILITY, a Swiss impact investment fund that…
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Blue Manakin Supports B3X Token Issuance Of Spanish Bnext!
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Blue Manakin, a crypto marketing agency with clients worldwide, has been working with the Spanish Fintech Bnext to launch the company’s B3X token publicly. So far, the results have been promising, with a waiting list currently including 1,400 registered users and nearly 2,000 users on Telegram.
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Hong Kong-Based PayTech Company KPay Closes $10 Million Funding!
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Hong Kong-based PayTech startup KPay Merchant Service has received $10 million in a funding round. Founded in late 2020, KPay is a one-stop digital payment and business management solutions platform. The company supports small and medium-sized businesses and has signed up over 12,000 local merchants since its inception.
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Frankfurt FinTech Caiz Becomes Main Sponsor Of The Frankfurt Euro-Sculpture!
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The Frankfurt-based fintech company, Caiz Development GmbH, will be the main sponsor of the Euro sculpture by artist Ottmar Hörl on Willy-Brandt-Platz in Frankfurt. This was announced by the independent non-profit association Frankfurter Kultur Komitee e.V., to which the artist donated the sculpture.
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Meet Diana Dumitrescu, An Important Female Figure In The FinTech Scene.
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She has an impressive CV. She is indeed a fintech woman with a track record. Diana Dumitrescu is the CEO of InnovX, an accelerator built on innovation, hard work, collaboration, ethics, and sustainability. Diana is a Doctor of Philosophy in European financial instruments.
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Former Co-Head Of UBS Wealth Management Advises FinTech!
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Martin Blessing moves up to the advisory board of payment service provider Unzer. The blessing was, among other things, co-head of wealth management at UBS – and for years, CEO at one of Germany’s most important banks. With Blessing, an internationally renowned and respected leader in the financial sector is…
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BaFin-Licensed FinTech Moss Lays Off 70 Employees And Implements Hiring Freeze!
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Corporate credit card provider and licensed e-Money Institution Moss is laying off about 70 employees, representing 15% of its workforce. Founder Ante Spittler confirmed this when asked, saying the employees would be offered severance compensation that “deliberately exceeds the legal minimum.”