Category: FinTech
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Despite Looming Crisis Berlin FinTech Upvest Raises $42 Million!
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Upvest is one of few financial institutions in Europe owning a regulatory license for securities and crypto brokerage. The Berlin-based startup successfully closed a $42 million Series B funding round led by Bessemer Venture Partners with Earlybird, ABN AMRO Ventures, Notion Capital, Partech, 10x Group, Speedinvest, and Maximilian Tayenthal (N26)…
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Fintech Lender Uncapped Acquires Gamin App Financing Platform Sugar!
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Fintech lender Uncapped (website), which provides funding to startups without taking an equity stake, has acquired the app and gaming finance platform Sugar (website), a game and digital app maker. The acquisition gives Uncapped a foothold in the gaming and apps market. It’s the next step on the journey for…
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Berlin Fintech Airbank Secured $20 Million Investment!
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Berlin-based fintech Airbank, co-founded by an Austrian, has raised $20 million in a Series A funding round. According to the company announcement, venture capitalist Molten Ventures led the funding round; the Austrian early-stage investor Speedinvest also participated. The startup plans to use the new money to finance its future growth.
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Revolut Fastest-Growing Fintech In Spain!
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Revolut increased its customers in Spain by more than 76% last year to one million users. This impressive growth rate makes the neobank the fastest-growing fintech in Spain. It grows five times faster than its main competitor, the German unicorn N26.
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Cyprus-Based Payabl Led Million Investment in BDSwiss Spin-Off Klarpay!
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The former Wirecard managers and partners Ruediger Trautmann, Ayelet (Fruchtlander) Knoechelmann, Frank Schoonbaert, and the Israeli Nissim Zarfati founded the PowerCash21 Group around 2010 with several legal entities in different jurisdictions. Sometime over the last couple of months, the PowerCash21 Group reincarnated into Payabl and recently led a CHF3 million…
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FinTech Ebury Supports Payments Platform LoopingOne To Get EMI License
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Ebury (website) has now injected €800,000 into the know-your-customer (KYC) and payments platform LoopingOne (website) to seal the partnership. The goal is to develop the LoopingOne product further and obtain a license as an Electronic Money Institution (EMI) with the Dutch Central Bank (DNB).
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UK FinTech Unicorn Starling Bank To Acquire Morgage Book Worth £500 Million!
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The UK FinTech unicorn, Starling Bank, founded by Anne Boden in 2014, has agreed to acquire a mortgage book worth about £500 million to broaden its assets beyond COVID-19 loans. The startup is buying the loan portfolio from specialist lender Masthaven, according to Financial Times. The acquisition contributes to Starling’s…
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Razorpay Helps FinTech HostBooks To Secure $3 Million
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HostBooks (www.hostbooks.com), an Indian FinTech startup focused on micro, small and medium enterprises (MSMEs), has raised $3 million in a Series A round led by payments platform Razorpay (PC42 profile). The funding comes when many MSMEs in India are looking for new technology to help them cut costs, reach more…
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Swedish Climate Fintech Datia Raised $3.4 Million To Further ESG Plans!
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The green tech company Finana AB d/b/a Datia (www.datia.app) simplifies investors’ transition to sustainable finance and helps companies understand the impact of their portfolios, regulatory reporting, and pre-trade screening. The Stockholm-based fintech company was founded in 2019 by Juan Manuel Serruya and Manne Larsson (pictured above) and has now raised…
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False Rumours About China’s Fintech Giant Ant Group’s Revived IPO Plans!
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In 2020, banking regulators had halted plans for an initial public offering of Alibaba’s payment subsidiary, Ant Group. Alibaba and its founder Jack Ma had fallen out of favor with Chinese regulators. Recently, rumors about revived IPO plans spread. However, Ant Group denied such plans and the shares of Alibaba…