Category : News

Valuu Branches Out To Offer Personal Loans Comparison Feature

Valuu, a fully digital mortgage brokerage platform in Switzerland launched by PostFinance, is expanding its services with transparent, digital comparison options for personal loans. Five Swiss lenders Migros Bank, BANK-now, Cembra Money Bank, eny Fin...

Paysafe Signs US$441 Million Deal To Acquire LATAM Rival SafetyPay

London-based payments platform Paysafe signed a deal to acquire Latin American digital payments firm SafetyPay for US$ 441 million in an all-cash transaction that is expected to close in the fourth quarter of 2021. Paysafe said in a statement that th...

BLKB and Lombard Odier Join Forces To Offer Sustainable Investments

Swiss cantonal bank Basellandschaftliche Kantonalbank (BLKB) and Geneva-based private bank Lombard Odier are planning a partnership in the field of sustainable investments for the former’s customers. As part of this collaboration, both entities...

Austrian Unicorn Bitpanda Bags US$263 Million, Now Valued at US$4.1 Billion

Austrian digital investment platform Bitpanda has raised US$263 million in funding at a US$4.1 billion valuation 4 months after gaining unicorn status. The Series C funding round was led by Valar Ventures, with the participation of Alan Howard and RE...

Open Finance: SIX’s bLink Platform Could Act as the Trusted Central Authority

With open finance increasingly coming to the public’s attention in Switzerland, discussions on API standards are accelerating. In July, industry trade group Swiss Fintech Innovations (SFTI) released a whitepaper outlining key considerations to addres...

BEKB lanciert Infrastruktur für tokenisierte Assets

In den kommenden Monaten wird die BEKB mit Unterstützung der Hypothekarbank Lenzburg und der daura AG eine Plattform für die Transaktion und die Verwaltung von tokenisierten Assets entwickeln. Der Handel wird auf Basis der bestehenden Nebenwerteplatt...

Neobank Chime Bags US$750 Million, Fintech Expert Questions US$25 Billion Valuation

San Francisco-based challenger bank Chime Financial announced that it has secured a funding of US$750 million, pushing its valuation to US$25 billion ahead of a planned initial public offering (IPO) early next year. The funding round was led by new i...

The 10 Most-Well Funded European Fintech Companies of 2021

2021 has been a record year for fintech funding globally. In Europe, total fintech funding broke the record for annual investment, reaching EUR 10.4 billion in just June 2021 and surpassing the previous record of EUR 9.3 billion raised across the who...

Neobank Upgrade Closes US$105 Million Series E Round, Valued at US$3.325 Billion

Upgrade, a US-based fintech company that offers affordable and responsible credit to mainstream consumers, announced that it closed a US$105 million Series E round at a US$3.325 billion pre-money valuation. The round was led by Koch Disruptive Techno...

EPAM Acquires Columbian Software Firm S4N as Part of Its Latin America Expansion Plans

EPAM Systems, a US-based provider of digital platform engineering and development services, has acquired S4N, a Columbian software development services firm specialising in the design and development of modern software products and enterprise platfor...

EPAM Acquires Colombian Software Firm S4N as Part of Its Latin America Expansion Plans

BBVA Spain Joins Ant Group’s Blockchain-Based Trading Platform Trusple

BBVA has signed an agreement to integrate its cross-border payment and financing services on Trusple, a blockchain-based trading platform powered by Alibaba’s affiliate Ant Group, for greater transparency and security. Trusple aims to accelerat...

Helvetia Venture Fund Takes Minor Stake in Spanish Fintech Coinscrap Finance

The Swiss Helvetia Venture Fund has acquired a minority stake in Spanish startup Coinscrap Finance which offers various white-label smartphone apps for banks and insurance companies in the pensions sector. The funds from the financing round will be u...

Top 10 Leading Fintech in France by Amounts of Funds Raised

Despite the economic turmoil caused by the COVID-19 pandemic, French fintech companies showed resilience in 2020, raising a total of EUR 828.2 million through 63 deals, up 18.9% from 2019, according to data from industry trade group France Fintech. A...

Fintech IPO Listings Reach New Highs

Fintech public listings reached a new high in Q2 2021 with 19 venture capital-backed fintech companies announcing public exits that quarter. Companies like Coinbase, Alkami, Flywire, dLocal and Marqeta went the initial public offering (IPO) route whi...