It was one of the most highly valued startups in Europe. Wise, previously known as Transferwise, was listed on the London Stock Exchange in July 2021. Now there are personnel changes. Shares in fintech company Wise fell almost ten percent this week after it was announced that CFO Matt Briers would step down next year.
German fintechs are increasingly attracting the interest of venture capitalists again. Now, Berlin-based Solaris is on the verge of a new financial injection with a financing round soon, raising a mid-double-digit million amount - about €50 to 60 million from existing investors.
FinTelegram recently reported that the Revolut banking license in the UK may or may not be granted. Speculation suggests that regulators might deny Revolut the license. However, the UK government has intervened and facilitated high-level political discussions with Revolut, the UK's highest-valued fintech as part of its growth strategy.
LATAM fintech company Geopagos has added Paraguay as the 16th country in which it will operate in the LATAM region. This is part of an aggressive expansion plan that has been exponential in recent years and has been supported since the second half of 2022 by a first investment round of $35 million from US fund Riverwood Capital.
The former chief financial officer (CFO) of Vienna-based cryptocurrency company Bitpanda, Peter Grausgruber, is moving to Dutch regtech Fourthline after leaving the company at the end of last year. He will also take over as CFO there. That's according to a statement from the company.
SoftBank Vision Fund, the prominent global investor in tech startups, reported a significant loss of $32 billion for the financial year ending in March. This represents a 70% increase in casualties compared to the previous year.
Berlin-based neobank N26 also wants to pass on the increased interest rates to its customers - CEO Valentin Stalf announced the launch of a savings product at the Finance Forward conference.
Crypto trading AIs are programs designed to analyze the crypto market and automatically make trading decisions based on the algorithm's recommendation. They use machine-learning and deep-learning algorithms to analyze large amounts of financial data and news and build predictive models for the cryptocurrency market.
In 2024, Berlin-based Neobank finally wants to be in the black. To achieve this ambitious goal, costs must be reduced. Therefore, the fintech company of Austrian founders Maximilian Tayenthal and Valentin Stalf announced today that about 70 employees would have to leave, corresponding to about 4% of the workforce.
