Category: FinTech
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Swiss Bitcoin Fintech Relai Receives €2.16 Million Funding!
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The Zurich-based crypto platform Relai plans to expand its user base and offer additional features such as a Bitcoin debit card in its app. Despite the recent crash of crypto prices, investors continue to invest privately in cryptocurrencies. Zurich-based Bitcoin app Relai has received €2.16 million in its latest round…
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Breaking: Bolt Financial Forced To Restructure And Shrink!
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Check-out payments startup Bolt Financial is shedding around a third of its workforce, or around 250 employees, as the FinTech sector switches into crisis mode. The layoffs came just months after investors valued the San Francisco–headquartered payment company at $11 billion. Bolt builds software to simplify the check-out process for…
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FinTech Crisis! German Kontist Dismisses 50 Employees
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After the payment provider Klarna, the Berlin banking and accounting startup Kontist (https://kontist.com) has to lay off a quarter of its team because of financial pressure and the need for strategic changes in its business model. The FinTech segment switches into consolidation mode and will force its startup to restructure…
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British Fintech Kapaga Secured £1.5 Million From Target Global
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The UK-based cross-border payment platform for SMEs, Kapaga, has closed a £1.5 million funding round. The investment was led by Target Global, with participation from angel investors from the fintech industry, including Chris Adelsbach, Andreas Mihalovits, and Mark Ransford. With the new money in the cash register, Kapaga wants to…
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Viola Credit Closes a $700 Million Fund to Support FinTech Startups in asset-based lending
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Fintech startup and alternative loan manager Viola Credit has closed its latest $700 million fund, TechCrunch reported. The fund will provide asset-based lending capital to fintech lenders such as Affirm, which offers installment plans to consumers. Israel-based Viola Credit provides the credit capital for these claims. Another example is Market…
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CAT Financial Products Partners With Leading Fintech Influencer!
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Swiss Fintech investor Spiros Margaris wants to share its know-how with other investors. He is arguably one of the most influential fintech influencers worldwide. As the founder of Margaris Ventures, he has been active in the fintech industry from the very beginning. Two of his start-ups have a market valuation…
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African Fintech FOO Expands To Saudi Arabia
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The Dubai-based FOO works with banks, fintech companies, and retailers across the MENA region to offer digital products that enhance business models and customer experience. The company expanded its operations to Saudi Arabia to support digital transformation in this country. By establishing branches in Riyadh, the company will focus on…
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Ripple Forms New Partnership With Lithuanian Fintech FINCI
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It has become quiet about new partnerships of the San Francisco-based blockchain pioneer Ripple (www.ripple.com) since the ongoing legal proceedings with the U.S. Securities Exchange Commission (SEC). But now, the partner network seems to be expanding again, and Ripple is entering into a cooperation with the Lithuanian fintech FINCI (www.finci.com),…
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Berlin-Based Upvest Expands Partnership With ABN Amro
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Berlin-based fintech Upvest is currently one of the most highly regarded companies in the industry. Most recently, it attracted attention as it received a BaFin license allowing it to offer B2B customers investment brokerage and custody services via an API. Now Upvest is deepening its partnership with ABN Amro, which…
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Breaking FinTech News: Klarna Lays Off Almost 10% Of Its Workforce!
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In 2021, the Swedish fintech Klarna was valued at around $46 billion making it the highest valued European FinTech. The company employs almost 7,000 people and announced to lay off 700 of them. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, made the announcement to his employees in a pre-recorded video message…