Category: FinTech
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Austrian FinTech Own360 Becomes Sunrise
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Founded in 2017, Own360 says it now manages around 15,000 fund custody accounts in Austria. FinTech is now renaming itself Sunrise (website) and wants to tackle the next growth step, for example, a branch office in Berlin. However, the rebranding is not intended to change anything about the concept.
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Open Banking Cooperation: Sparkasse KölnBonn Relies on FinTech Raisin
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The partnership between Sparkasse KölnBonn (website) and FinTech Raisin (website) goes into the next round. Customers of the Sparkasse can now conclude overnight and fixed-term deposits with Raisin via their advisor and view them directly in online banking. This is possible thanks to an API solution developed as part of…
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FTX Pay Integrates With Reddit Community Points
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FTX, the regulated cryptocurrency company of Sam Bankman-Fried, announced an integration with Reddit’s Community Points in the US, EU, Australia, and other global markets. The partnership features the integration of FTX Pay as a white-label payment and exchange solution to support users onboarding Community Points.
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German Crypto Bank Nuri Filed For Insolvency!
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Crypto Winter and the Celsius virus officially arrived in Germany. Berlin-based digital bank Nuri (website) filed for insolvency only two months after announcing layoffs. The crypto fintech struggled with the rout in crypto prices and economic uncertainty. Nuri (previously Bitwala) was not able to find fresh funds. In a statement, the…
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Fintech CredAble Raises $9 Million!
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Supply chain financing platform CredAble raised $9 million, led by private lender Axis Bank. Existing investor Oaks Asset Management also participated in the funding round. The company raised $30 million last October as part of its Series B financing, which was co-led by Plutus Management LLP and Oaks Asset Management.
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German FinTech Anybill Declares War On Receipt Trash!
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Anybill wants to be the interface between retailers, POS system operators and end customers by creating digital receipts and fighting the immense amount of thermal paper waste. The FinTech has secured two new sponsors to put the plan into action. It says Anybill’s technology and partner network will enable merchants…
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Peter Hartz Prepares Launch Of Own FinTech Time Fund!
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The former VW manager and social reformer have founded a startup. Employees are to be able to save overtime and vacation via an app. Fintechs like N26 are the model. Peter Hartz, former VW manager and eponym of the unemployment benefit “Hartz IV,” is preparing the market launch of his…
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Saudi Central Bank Grants Licenses To 2 New Fintech Companies!
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The Saudi Central Bank announced Sunday that it had granted licenses to two new financial technology companies to provide payment services in the kingdom. Enjaz Payments Services Co. received a license to provide electronic wallets, while Marta Financial Co. received a grant to offer payment services through points of sale.
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UNOAsia Raises US$11Mil Preseries A!
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Singapore-based fintech company UNOAsia Pte Ltd, the principal founder of UNO Digital Bank in the Philippines, has secured US$11 million (RM48.9 million) in a pre-Series A round led by Creador Private Equity. UNOAsia is one of six licensed digital banks in the Philippines.
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Online Broker Robinhood Fires 713 Employees!
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Silicon Valley-based online broker Robinhood has laid off 23% of its workforce, just three months after the fintech platform cut its workforce by 9% amid global economic turmoil. The latest layoff wave would mean that about 713 employees would be let go, leaving nearly 2,400 employe