Tag: Fintech
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Another BaFin Executive Fired Over Wirecard Scandal!
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German regulator BaFin is parting ways with its executive director Beatrice Freiwald after a months-long legal dispute. The supervisor is leaving “by virtue of a decision by the German government as a member of Bafin’s board of directors,” the authority announced on Tuesday evening.
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Neobank Wise Obtained A MAS License
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London-based Neobank Wise (PR42 Profile) has been granted a capital market services license by the Monetary Authority of Singapore. Through the license, Wise will be able to launch its new Assets investment product in Singapore in early 2023. The product can be used by business and retail customers to generate…
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Crypto Winter And The End Of A German Crypto Hope!
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Nuri is the first German fintech to feel the full force of the crypto crash. No buyers could be found for the insolvent bank, and the company is ceasing operations. That’s what its 200,000 customers now face.
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Egyptian FinTech Money Fellows Raises $31 Million For Expansion!
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The fourth funding round since 2018 was led by CommerzVentures, Middle East Venture Partners, and Arzan Venture Capital. The company announced on Sunday that Egyptian FinTech company Money Fellows had raised $31 million to diversify its service portfolio and expand in Africa and Asia.
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FinTech StartUp Tymit Raised $26 Million In Series A Funding Rund
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Tymit is a credit company that offers traditional credit cards and a “buy-now-pay-later” service. The UK-based FinTech has now closed a $26 million funding round at the beginning of Q4, after successfully raising $5 million earlier in 2019. The round was led by Frasers Group, which operates U.K. retail brands,…
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3.2 Billion Euros Per Quarter – FinTech Funding Volume Remains At Surprisingly High Level!
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In the third quarter of 2022, European financial startups raised around EUR 3.2 billion. This is far below the same quarter last year but is still significantly more than in previous years. Layoff waves, burst financing rounds, and also several insolvencies – the mood in the fintech sector is particularly…
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African Fintech Alliance Between Skaleet And Mobiblanc
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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…