Category : News

Digital Accounting Startup Numarics to Raise Seed Funding in Q4 2022

Swiss digital accounting startup Numarics is raising a seed round in the fourth quarter of 2022 following its previous CHF 2.1 million pre-seed financing round led by Wingman Ventures in April 2022. Numarics processes accounting and business administ...

Bilt Rewards Hits US$1.5B Valuation With US$150M Round Led by Left Lane Capital

Bilt Rewards, a rewards programme for renters, has raised US$150 million at a US$1.5 billion valuation. The round was led by Left Lane Capital, with Smash Capital, Wells Fargo, Greystar, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures partici...

Global Fintech Funding Continues to Decline; Drops 38% QoQ

Fintech funding continued to slide in Q3 2022, dropping 38% quarter-over-quarter (QoQ) to US$12.9 billion. The sum makes Q3 2022 the sector’s weakest quarter since Q4 2020 and brings the total raised by fintech companies so far this year to US$63.5 b...

Wise Closes £300M Syndicated Debt Facility Led by Silicon Valley Bank UK

London-based global remittance firm Wise has closed a £300 million capital facility in a financing round led by Silicon Valley Bank UK, with six other banks participating. The syndicated facility, which was arranged by the bank’s corporate finance te...

Digitalization and Technology to Help Fill the US$1.7 Trillion Global Trade Finance Gap

Micro, small and medium-sized enterprises (MSMEs) have historically faced severe financing difficulties, especially when trying to expand internationally. However, technological advances and innovative fintech solutions have emerged over the past yea...

Switzerland Sets the Stage for Instant Payments

Stability. Secrecy. Safety. The Swiss financial system has been the very definition of these attributes for almost 200 years. But like the world’s financial systems, institutions and networks, one very active new factor is knocking at the border: cha...

Embedded Finance to Account for More than 10% of All US Transactions by 2026

In 2021, US consumers and businesses poured US$2.6 trillion in transactions through embedded financial services, a sum that represents nearly 5% of all US financial transactions, according to a new report by Bain Capital and Bain & Company. By 20...

radicant Launches Investment Products That Support Sustainable Development

Digital bank radicant has launched SDG Impact Solutions, a series of 11 financial products comprising three funds and eight actively managed certificates. These products enable clients to invest in broadly diversified funds representing the UN’s 17 S...

Swissquote Clients Can Now Invest in Dubai Financial Market’s Securities

Online trading platform Swissquote is now connected to the Dubai Financial Market (DFM), allowing clients to invest in and trade DFM-listed securities. The platform is connected to the DFM through GTN Middle East and BHM Capital Financial Services’ d...

Krisenresistenz und Inflationsschutz mit Sachwerten

Die Börse ist keine Einwegstrasse – 2022 hat wieder einmal gezeigt, dass es in unregelmässigen Abständen zu massiven Korrekturen kommt. Aber war es das schon oder kommt da noch mehr? Und wie schützt man sich davor? Sachwerte sind wichtige Bestandteil...

Central Bank Digital Currencies Introduce New Cybersecurity Challenges, Privacy Issues

Interest in central bank digital currencies (CBDCs) has grown over the past few years in response to changes in payments and technology, as well as the disruption caused by COVID-19. A 2021 survey conducted by the Bank for International Settlements (...

European Fintech Growth Cools Down

After a decade of growth, the European fintech ecosystem is entering a period of cooling and consolidation reflected by a dropping number of new fintech companies being founded, decreasing funding activity and a decline in exit deals, a new report by...

neon’s Crowdfunding Campaign Reaches CHF 5 Million on Its First Day

Swiss neobank neon’s crowdfunding campaign reached CHF 5 million of its CHF 10 million target with more than 2,000 investors participating on the first day of the campaign. The campaign, which runs from October 25 to 31, is offering two to 250 non-vo...

N26 Launches New Cryptocurrency Trading Feature With Bitpanda

German neobank N26 has launched its cryptocurrency product in Austria to enable customers to buy and sell 194 cryptocurrencies in their app. The N26 Crypto feature will be made available progressively to eligible customers in Austria over the coming...

Moneyhub Kicks Off Fundraise With £40M From Legal & General, Lloyds Bank

Open finance platform Moneyhub has secured an initial £35 million in its latest funding round led by asset manager Legal & General and Lloyds Banking Group, with an additional £5 million debt facility provided by Shawbrook Bank. The investment wi...