Tag: Fintech
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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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Shortsellers Vs Jack Dorsey’s Fintech Block!
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Shares of Jack Dorsey’s Fintech Block plunged about 18% this week after short-seller Hindenburg Research accused the company of systematically facilitating fraud and violate regulatory rules.
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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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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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Post From The Regulator: FinTechs On Bafin’s Radar!
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BaFin is likely to monitor FinTechs more closely after the debasement in the Wirecard case. That certainly can’t hurt. Check 24’s C24 Bank and Solaris have recently received unpleasant notices from financial regulators.
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Winter Office: Berlin FinTech Rents Mansion By The Sea For Employees!
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Despite fintech winter, Raisin allows employees to work from home abroad and pays for their accommodation. The company has rented a villa in Greece over the winter, where up to ten colleagues can set up their laptops simultaneously.
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This FinTech Founder Pays Himself A Bonus Of €7.5 Million!
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The German fintech CM Equity offers fintechs a platform for crypto trading. In 2021, founder Michael Kott made decent business with it – and rewarded himself with an unusually high bonus of €7.5 million.
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Airswift Technology And Cloud Payments Enter Into A Partnership!
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Airswift Technology Limited, a leading provider of native Web3.0 payment solutions, and Cloud Payments, a provider of digital payments and banking technology platforms, are partnering to provide cryptocurrency users with instant access to cryptocurrencies at point of sale using VISA and MasterCard payment methods.
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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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Millions Of Likes Didn’t Help: Teen FinTech Ruuky Files For Bankruptcy!
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Banking for the Tiktok generation – that’s how the founders of Ruuky hoped to find a place next to N26. But now the fintech is facing bankruptcy despite its 250,000 users and more than 230.000 TitTok followers. Through the insolvency proceedings, the company now wants to preserve the jobs of…