Category: FinTech
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RIP Vantik- German Retirement Provision FinTech Insolvent!
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Berlin-based FinTech Vantik, which offers a digital pension plan in a cashback system, is insolvent. The company, which focuses on retirement planning in the form of a cashback system, has received financial support from Atlantic Labs, Seedcamp, STS Ventures, and, most recently, from the family office Custos. Attorney Christian Otto…
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Brazilian Fintech Marvin get $15 Million Series A Round
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Brazilian fintech firm Marvin has secured $15 million in Series A financing, led by U.S. venture capital firm Canaan. Founded in 2020, Marvin is a B2B payment platform that allows merchants to use credit card receivables as collateral for working capital or short-term loans. The merchant thus can bypass the…
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DeFi-FinTech Kudona Unlocks Attractive Interest Rates For Savings!
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With a free savings app and with a web application, the Lithuanian FinTech Kudona (www.kudona.com), a subsidiary of the German rubarb GmbH, wants to open the door to the world of decentralized financial markets (DeFi for short) for savers throughout the eurozone. The goal is that even investors without much…
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Web3 Fintech Merge Comes Out of Stealth Mode With $9.5 Million Seed Financing!
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Merge (www.mergedup.com)wants to bring the banking and payment infrastructure into the Web3 economy. After the great excitement about web3 in 2021, more and more new start-ups are emerging to provide financial infrastructure. Merge is one of them. The FinTech was founded by Kebbie Sebastian, a former executive at PayPal and…
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Nigerian PayTech Grey Teams Up With Cellulant To Expand To Kenya
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Nigerian PayTech Grey (https://grey.co)is expanding into Kenya, making it easier for locals to accept payments in one of the three supported currencies. The PayTech has teamed up with payment company Cellulant to expand the availability of its platform to Kenya. Grey, a startup backed by Y-Combinator, allows users to get…
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FINANCE ALLIANCE ANNOUNCES THE FIRST GREEN FINTECH TAXONOMY
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The Green Digital Finance Alliance and the Swiss Green Fintech Network, with the Swiss State Secretariat for International Financial Matters (SIF), have published the final version of the world’s first green fintech classification. The final report, entitled “Green Fintech Classification”, aims to serve as a tool to further mature and…
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Despite Klarna Crisis: Buy-Now-Pay-Later Fintech Mondu Secured $43 Million!
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While the fintech industry is preparing for a hard landing after the booming years, Berlin-based Mondu secured $43 million. This is the second-largest fintech funding this year right behind the €75 million credit card startup Moss received in January. As Mondu announces, Peter Thiel’s Valar Ventures is leading the round…
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Yapily Acquires Munich Fintech finAPI To Form Europe’s Largest Open Banking Platform!
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FinAPI (www.finapi.io), a BaFin licensed FinTech, develops solutions for data integration and analysis using artificial intelligence. In 2019, German credit rating agency Schufa took a 75% stake, but finAPI continued to operate independently. As has now been announced, the open banking payment platform operator Yapily, headquartered in London, wants to…
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Clear Street Reaches Unicorn Status After A $165 Million Round
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New York-based Capital markets fintech Clear Street has secured $165 million in Series B financing and earned the unicorn status. The round was led by private equity firm Prysm Capital. It was the fintech’s first venture capital raising since its inception four years ago, giving it a valuation of $1.7…
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Indian Fintech Jar Seeking $50 Million Funding Round
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Indian fintech company Jar, which closed a $32 million funding round in February this year, talks about new funding as it looks to scale its product and expand its offering. According to four people familiar with the matter, the Bengaluru-based startup is in talks with several investors to raise about…