Category: FinTech
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German Nextmarkets Sells Assets And Faces Liquidation!
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At the trading app nextmarkets, the sellout starts, followed by liquidation. Still, in 2021, the FinTech raised €30 million and had big plans. Investor FinLab refers to the “weakness in the financing market” concerning the planned end of nextmarkets.
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Alibaba Plans To Split Into Six Companies!
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The Chinese online retail giant Alibaba wants to split itself into six independent companies. This would transform the now monolithic tech giant Alibaba into a tech holding company, which is rare in China.
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Relio Receives A FinTech License And Wants To Digitize Business Accounts!
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After being awarded a fintech license, Swiss startup Relio plans to offer digital accounts for SME customers. Relio wants to reduce compliance efforts for customers.
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Jack Ma Resurfed In China After Successful Alibaba Restructuring!
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Before his return, Alibaba founder Jack Ma had been abroad for over a year. The billionaire’s relationship with Chinese authorities is strained. Now, he has reappeared in China for the first time. The Hong Kong newspaper South China Morning Post, which he owns, reported that Ma visited a school in…
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Fintech Raisin Raises €60 Million In Series E Funding Round!
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With a valuation of over one billion euros, Raisin is one of the most important German fintechs. Raisin offers a savings marketplace across Europe. It has raised €60 million in a Series E funding round. The fresh money will be used for growth in the USA, among other things.
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Crypto Finance Launches A Platform For Building Crypto Products!
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Until now, anyone who wants to offer crypto-finance products to their customers has had to gather many partly unregulated components on the market. The Swiss fintech Crypto Finance now wants to solve this problem.
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Swiss FinTech Centi Issues Franc Stablecoin As A Payment Alternative!
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Zurich-based payment startup Centi has launched a stablecoin tied to the Swiss franc. Several merchant acceptance systems have been developed around the Centi Franc.
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Indian Fintech PhonePe Is Getting Another $200 Million From Walmart!
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Fintech platform PhonePe has received an additional $200 million in primary capital from Walmart at a pre-money valuation of $12 billion. The company has also received $650 million from several global investors.
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Insolvent Teen FinTech Ruuky Finds A Buyer After All!
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At the beginning of January, the Hamburg-based fintech Ruuky filed for insolvency. At the last minute, a buyer for the startup has been found. A press release said that a strategic investor wants to continue and expand the fintech, which has developed a banking app for young people.
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Charles Schwab Share: At Death’s Bed Or Attractive Entry Point?
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On Monday, Charles Schwab (NYSE: SCHW) shares plunged again, falling more than 20% as markets reacted to the aftermath of the SVB crash. However, analysts at Citi upgraded SCHW from Neutral to Buy in a note. The analysts lowered their price target for the stock to $75 from $83 but…