Category: FinTech
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Anti-Money Laundering FinTech Hawk AI Raises $17 Million!
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Money laundering is an enormous problem for societies and economies. More than two trillion US dollars are laundered every year. Economic fraud has increased by more than 37% in high-growth markets in the last twelve months. Munich-based fintech Hawk AI, which supports banks and financial service providers in the fight…
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Dutch PayTech Company Mollie Promotes CTO Koen Koeppen To CEO!
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Amsterdam-based payment service provider Mollie will appoint its current Chief Technology Officer (CTO), Koen Koeppen, as its new CEO. Koeppen will replace Mollie’s current CEO, Shane Happach, who is leaving the company after about two years to take on a new role in Asia.
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Fintech Volksbank Awards 60-Million Loan To Tax App Zasta!
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Tax app Zasta receives a credit line to finance a new offering: With €60 million, it wants to pay out part of the tax refund immediately in the future. Again, the fintech Volksbank is getting involved. Vereinigte Volksbank, which already finances startups such as Billie, Ratepay, or Mondu, is providing…
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Paytech Startup Link Receives $20 Million In Series A Funding!
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U.S. paytech startup Link has received $20 million in a Series A funding round led by Valar Ventures. Co-founders Eric Shoykhet and Edward Lando say the fresh money comes in addition to an undisclosed $10 million seed round last year led by Tiger Global and joined by Amplo, Pareto Holdings,…
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New Payment System Enza Launches In Africa!
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The African fintech Enza has launched its platform. The fintech’s provides a token-based, cloud-native, and API-first platform with the focus on providing the richest possible API environment for easy integration. According to McKinsey, the electronic payments market in Africa is expected to grow by about 150% between 2020 and 2025.
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German Trade Republic Triples Revenues And Losses!
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The fintech unicorn Trade Republic published its 2021 numbers. It has generated revenues of just under €100 million with €35 million losses. The broker app Trade Republic is currently valued at over five billion euros. The fintech allows users to trade stocks and cryptocurrencies. For each order, the startup charges…
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Australian Payment System Till Payments Lays Off 120 Employees!
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Australian paytech company Till Payments has reportedly laid off 120 employees, about 40% of its workforce, as part of a major restructuring that has also seen the company appoint three new board members. Employees in the UK, North America, Australia and New Zealand were told that high inflation and challenging…
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Austrian FinTech Finabro Renounces Asset Management License!
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Surprisingly, Viennese Fintech Finabro (website) has renounced its asset management license. Last February, the startup, focused on occupational pension schemes, raised five million euros and recently hired a new head of product, Matthias Heindl. The company’s spokeswoman, Melinda Mihoczy, explains what’s going on:
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Linx4: Fresh Million Investment For The Austrian FinTech!
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They started with pay-per-use financing for industrial machinery and equipment in 2018 and reached a turnover of 2.5 million euros in 2022. CCAP, a BaFin-registered investment and consulting company, is coming on board as a new investor with a seven-figure sum in the Austrian startup linx4.
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A German Fintech Deal! Dock Financial Swallows Compeon!
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The two companies work in different fields. And yet they are a good fit because they have similar target groups. Compeon is the German market leader in digital loans for small and medium-sized enterprises. According to a media report by Finance Forward, Munich-based banking-as-a-service platform Dock Financial is acquiring the…