Category : News

Shift Technology Joins the Unicorn Club by Securing $220 Million in Investment

Shift Technology, a France-based SaaS provider of AI-driven decision automation and optimisation solutions for the insurance industry, announced that it has closed a Series D investment round of $220 million. The latest funding round brings total inv...

Swiss Contactless Payments Has Continued to Flourish, Neobanks Rise in Popularity

The Swiss Payment Monitor found that the trend towards credit card use and contactless payment has continued to flourish in Switzerland. The Swiss Payment Monitor is a joint research project between the University of St.Gallen and the ZHAW Zurich Uni...

Revolut Kicks off Beta Phase of Bitcoin Withdrawals

Revolut, a British fintech company offering banking services, has rolled out the beta launch of bitcoin withdrawals to customer’s own preferred digital wallets. The neobank added that during this beta phase, U.K.-based Metal customers will be a...

F10 Seeks Sustainable Finance and SME Services Applications

The ten startups in F10 Switzerland’s second Acceleration Program has officially graduated during an online startup showcase which featured 275 high-profile attendees mainly from investor and corporate backgrounds. F10 had announced the list of ten s...

Banking Circle Reports Significant Growth a Year After Securing Its Banking License

Payments specialist Banking Circle reported a significant uplift in payments flow and clients a year after it secured a banking license in Luxembourg. At the end of February 2020, Banking Circle received its Banking License from the Commission de Sur...

Visa Teams up With Tala to Drive Crypto Adoption Among the Underbanked

Tala, a digital financial services provider in emerging markets, announced a new partnership with Visa to help underbanked populations participate in the crypto economy. Together with additional partners Circle and the Stellar Development Foundation,...

Bluecode Taps Deutsche Handelsbank’s Former Top Exec as New COO

European mobile payment provider Bluecode has expanded its executive team by hiring Daniel Koller as its new Chief Operating Officer (COO). Koller was formerly the COO for the Deutsche Handelsbank and Klarna Group’s subsidiary Sofort. The 42-ye...

Cybersecurity Firm Acronis Snags $250 Million Investment, Attains $2.5 Billion Valuation

Acronis, a cybersecurity firm founded in Singapore and incorporated in Switzerland, announced that it has received more than $250 million in a funding round from CVC Capital Partners VII and other investors. The investment has pushed the company̵...

Swiss-Singaporean Cybersecurity Firm Acronis Snags $250 Million Investment

Wealthsimple Raises US$ 610 Million, Canadian Celebrities Buy In

Wealthsimple, a Canadian online investment management service focused on millennials, announced that it has raised $610 million (C$750 million) in a funding round. This latest investment has pushed its valuation to about $4 billion (C$5 billion). The...

Postfinance and Swissquote Set to Officially Kick Off Their Digital Banking App Yuh

PostFinance, the financial services unit of Swiss Post, has partnered with Swissquote will be officially launching their collaborative digital banking app Yuh to the public on 11 May 2021. The project is the result of the joint venture between the tw...

Adesso Schweiz to Support Hypothekarbank Lenzburg’s Open Banking Ambitions

Consulting and IT service provider adesso Schweiz has entered into a strategic partnership with Hypothekarbank Lenzburg to further develop and market open banking solutions in the Swiss market. Hypothekarbank Lenzburg had added an open interface arch...

New CIO for Swiss Mobile-Payment App TWINT

Swiss mobile payment app TWINT announced the appointment of Simon Wehrli as its Chief Information Officer as well as a member of its Core Executive Board as of 1 May 2021. Simon Wehrli will thus assume responsibility for TWINT’s entire IT division. T...

German Challenger Bank Vivid Money Secures EUR 60 Million for European Expansion

Berlin-based mobile banking app Vivid Money announced an investment of EUR 60 million, bringing the company’s valuation to EUR 360 million. The Series B round was led by Greenoaks with participation from existing investor Ribbit Capital. The new inve...

PostFinance to Offer Personal Loans via Fintech Startup bob finance

PostFinance, the financial services unit of Swiss Post, has partnered with Swiss digital lender bob Finance to offer personal loans. This financing solution allows PostFinance to expand its product range and offer a broad customer base access to a pe...