With their range of fintech solutions, French Skaleet and the Moroccan company Mobiblanc want to play a central role in the digital transformation of the African financial system. Skaleet announced that it is partnering with digital services provider Mobiblanc to expand its digital offering to financial institutions across Africa. Based in Morocco and Tunisia, Mobiblanc operates primarily in the North and West African markets, providing digital solutions and consulting services to clients.
Over the last couple of years, the valuations of Fintechs went mostly north. Now, the Berlin-based online deposit platform Raisin has seen a 25% devaluation, according to the industry portal Finanz-szene.de reports. Swedish Raisin investor Kinnevik would value its approximately 2% stake in the fintech in its March reports only at €17.9M, which values the company at €895 accordingly. Thus, Raisin has lost its €1 billion unicorn status for the time being.
The London-based FinTech Ebury (www.ebury.com) has agreed to acquire 100 percent of Brazilian fintech Bexs to broaden Ebury’s offerings of global money transfer solutions for Small-to-Medium-enterprises (SMEs) and get a footprint in the huge Brazilian market. The acquisition includes both the Bexs Banco service and Bexs Pay, the Ebury press release states.
The Lenzburg-based banking software maker Finnova has acquired Swiss fintech Contovista with a retroactive effect from January 1, 2022. Finnova reached an agreement with current owner Viseca to acquire 100% of Contovista's shares. No purchase price was disclosed, according to the statement. Finnova wants to strengthen its data analytics expertise and portfolio with this acquisition.
Atlanta-based FinTech Greenlight pitches parents on kid-friendly bank accounts and is launching a credit card. The Greenlight-branded Mastercard offers up to 3% unlimited money back on all purchases and allows parents to mechanically invest those cash rewards in stocks and ETFs to pay for family-related expenses, co-founder and CEO Tim Sheehan told TechCrunch.
The French Fintech Qonto raised five million euros in its crowdfunding round within 6.5 hours on CrowdCube. Qonto is a Payment Institution regulated, approved and supervised by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR). The company has already raised €486 million in Series D funding and stated earlier this month that it was “inviting primarily its clients across its four markets to become shareholders.
Company builder Flagship Founders has spun off its third startup, Zero44. The startup measures the CO2 emissions of ships and provides recommendations on how shipping companies can optimize their processes to be as low-emission as possible. The Berlin-based start-up is headed by co-founders Friederike Hesse and Nils Obermann. Zero44 aims to help shipping companies reduce their CO2 emissions.
The SBR Technology Excellence Awards (link) is one of the most prestigious awards programs for technological innovations, recognizing exceptional companies in Singapore that are...
