Category: FinTech
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The French Fintech Mangopay Opens A Technology Hub In Madrid!
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Mangopay, a payment platform that works with over 2,500 marketplaces, including Wallapop and Vinted, and companies such as Carrefour and Galeries Lafayette. The French company, founded in 2013 and with an office in Madrid, has announced opening a technology hub in the Spanish capital, which will have 25 new incorporations…
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Capchase Fintech Raises $400 Million To Finance Debt To Its customers!
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U.S.-Spanish fintech Capchase, which is dedicated to financing other SaaS startups in the growth phase and with recurring revenues, has expanded its capacity to provide debt financing to its clients by $400 million (€397 million) after extending its existing partnership with i80 Group and establishing a new partnership with an…
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Swiss BLKB Wants To Invest In Fintech
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Basellandschaftliche Kantonalbank (BLKB) is supporting fintech start-up Kaspar& and is seeking a minority stake, according to a media release on Friday. The St Gallen-based company, a spin-off of HSG and ETH, has been on the Swiss market since the end of February 2022. Kaspar& was founded in 2020 by Jan-Philip…
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UK Fintech Funding Hits £7.6B In The First Half of 2022 Amid Global Downshift
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UK fintech companies received $9.1 billion in funding in the first half of 2022, the second largest globally after US companies raised $25 billion. Data compiled by industry body Innovate Finance shows that global fintech investment reached $59 billion in the year’s first half.
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Moving Forward Despite Crypto Winter – Coinbase Receives Regulatory Approval In Italy!
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In a recent blog post, Coinbase announced it secured approval from Italian regulators to provide ongoing crypto services to its residents. The new requirement implemented by the Organismo Agenti e Mediatori (OAM) mandated that all companies offering crypto trading, custody, or other services, meet set criteria. We’re proud to be…
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Change Of Strategy! UK Neobank Starling Withdraws Application for A European Bank!
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Amit the FinTech downturn, UK-based neobank Starling Bank has withdrawn its application for a European bank license with the Irish central bank. Starling will instead focus on selling its software-as-a-service product and expanding into new areas of lending, CEO Anne Boden told staff in a memo Monday. Starling is one…
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Fintech Startup Raises Money With Seed Funding Round
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Swiss investment app startup Findependent (website) has raised CHF 1.2 million in a seed funding round. According to a LinkedIn posting, the money came from a group of institutional and private investors, with Backbone Ventures acting as the lead investor. Previous investors have followed suit, it added.
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TX Group Invests In Series A Of Swiss Fintech Company Stableton
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Stableton Financial AG, the leading European fintech platform for alternative investments, has closed its CHF 15 million Series A financing round. The lead investor in this financing round was TX Ventures, the VC arm of TX Group. The financing round included significant investments from C3 EOS VC Venture Fund and…
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Taiwan And Israel Sign Memorandum On Fintech Cooperation
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Taiwan’s Cabinet Office Financial Supervisory Commission (FSC) and Israel Securities Authority (ISA) concluded a memorandum on financial technology (fintech) cooperation via videoconference on July 13, highlighting the Republic of China (Taiwan) government’s efforts to promote global partnerships in the sector.
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Fintech M&A deal of the year: Penta Sold To Qonto?
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The Berlin-based neobank Penta is about to be sold to its highly-funded French competitor Qonto. According to several people familiar with the matter, the deal has already been negotiated and could be announced soon. The purchase price is in the mid-three-digit million range. However, whether the deal will be settled…