Category: FinTech
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French B2B PayTech Hero Scores €12.4M
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Paris-based paytech startup Hero has raised €12.4 million in a funding round led by Paua Ventures and Embedded/Capital alongside Rapyd Ventures. A host of fintech angels and operators also participated. Hero is specifically targeting B2B SMEs with its innovative product.
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Germany Tax Fintech Ride Collects Three Million From Well-Known Founders
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The Berlin-based fintech Ride Capital (website) has received three million euros in fresh capital as part of a financing round. Lea-Sophie Cramer, Verena Pausder, and the professional soccer player and former world champion Mario Goetze participated. Since the launch of Ride Capital in September 2020, around eight million euros have…
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Real Estate Fintech Lilo Receives Three Million Euros!
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Proptech startup Lilo (website) has just secured €3 million to launch its mission to become a leading European investment-and-experience platform for partial homeownership. The London-based company is establishing a new asset class, making global real estate shares interactive and collectible. Emily Chan and Christopher Lass founded Lilo in April 2022.…
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Klarna CEO Sebastian Siemiatkowski Comments The 85 percent Loss In Value!
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Swedish payment service Klarna also feels declining investor interest in fast-growing and loss-making fintech companies. The company said in Stockholm on Monday it had secured $800 million in new financing, equivalent to a valuation of $6.7 billion. That means the company has lost about 85% of its value in a…
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German Fintech Builds Bridge To Open Finance Platform
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Open Banking and Open Finance are essential to any digitization strategy for banks and asset managers. For digital offerings and apps to run smoothly and securely, there needs to be a stable and secure interface between the systems. The German API provider Ndgit (website), based in Munich, has developed a…
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Dragonfly Fintech Is A Finalist In The G20 TechSprint 2022 CBDC Challenge.
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Dragonfly (website) has won a place in the final round of the third G20 TechSprint Global Challenge. This year’s challenge focuses on digital central bank currency (CBDC), following Saudi Arabia’s selection of RegTech and SupTech in 2020 and Italy’s selection of Green Finance in 2021.
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Frankfurt Bank Launches Crypto Cooperation With Vienna-Based Fintech
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Bankhaus Scheich and Vienna-based Coinpanion are entering into a partnership in crypto trading. The cooperation is intended to help the Austrian fintech drive its European expansion. Frankfurt-based bank Scheich and its trading platform Tradias will provide operational support to Coinpanion in crypto trading in the future, the companies announced.
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London Startup Griffin Raises €15.5 Million From FinTech Celebrities!
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The London-based banking-as-a-service (BaaS) startup Griffin (website) announced a fresh funding of around €15 million from FinTech bigshots. The startup is currently going through the bank authorization process with the PRA and FCA. Founded in 2017 by Silicon Valley engineers David Jarvis and Allen Rohner, Griffin aims to become the…
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Magnati Joins Mastercard’s Fintech Express Program
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Magnati, a MENA payment solutions provider, joins the Mastercard Fintech Express program, which helps FinTech companies issue cards and credentials. Mastercard connects startups with financial institutions such as banks to provide customized solutions, customizable licensing frameworks and a single point of contact for provincial FinTechs to accelerate the adoption of…
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Asian Blockchain Startup Receives $20M In Private Token Sale!
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Oasys (website), a five months old Asian blockchain startup focused on gaming developers, has secured $20 million funding, TechCrunch reports. The round was led by Republic Capital with participation from Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, Bitbank, and Mirana Ventures. The capital was raised via a private token sale.