Category : News

Robinhood Launches New Media Outlet Sherwood Media

Digital investment platform Robinhood is launching a new media arm called Sherwood Media, which will cover the markets, economics, business, technology and the culture of money, the company said last week. The fintech firm joins the growing list of c...

Will 2023 Be The Year of B2B Fintechs?

2022 was a trying year for the fintech industry which faced uncertainties related to geopolitical conflicts, supply chain challenges, as well as rising inflation and interest rates. Macroeconomic headwinds weighed on consumer-facing businesses, forci...

SIX Ventures and Circle Invest in Swiss Blockchain Startup Obligate (FQX)

Obligate, formerly known as FQX, announced it has successfully closed a seed extension funding round, allowing them to scale their blockchain-based platform for bonds and commercial paper. Blockchange Ventures and Circle Ventures join initial seed co...

Jumio Surpassed US$200 Million in Bookings Last Year

Online mobile payments and identity verification company Jumio announced that it had cleared over US$200 million in bookings last year. Jumio also reported that it had closed both the largest new deal and the largest total deal in the company’s histo...

Wealthtech Startup Everon Closes CHF 2.5 Million Seed Round from TX Ventures

Zurich-based fintech company Everon, which specializes in digital wealth management, has closed its seed funding round of approximately CHF 2.5 million. The main investor in the round was TX Ventures, the VC investment arm of the Swiss media company...

N26 and Bitpanda Expand Crypto Trading Product to Switzerland

German neobank N26 has partnered with Austrian crypto platform Bitpanda to expand its in-app crypto trading product to its customers in Germany, Portugal, Belgium, Ireland and Switzerland from €1 onwards. The N26 Crypto was already rolled out in Aust...

Top Payments Trends to Look Out for in 2023

The outlook for the global payments market in the years to come is expected to be rather favorable, with a projected average annual revenue growth of 9% between 2021 and 2026 and total revenue set to reach US$3.3 trillion by then, according to McKins...

Starbucks Taps Embedded Finance to Improve Customer Experience and Increase Retention

Starbucks, an American multinational chain of coffeehouses and roastery reserves, has been dipping its toes into fintech for a while now, leveraging embedded finance to craft superior customer experiences and build loyalty, a new analysis by fintech-...

Neobanking Offering: Revolut Metal Named 2022’s Top Mobile Banking Service

The Mobile Banking Benchmark, an annual study by consulting company Sia Partners focusing on identifying the world’s top ten mobile banking apps, has named Revolut Metal as the best mobile banking offering of 2022. Each year, Sia Partners performs a...

Impact of the Metaverse: Will it Be a 3 Trillion USD Industry?

The metaverse, a concept which refers to a more 3D and immersive form of the Internet, has the potential to unlock new opportunities for almost all businesses, with early estimates forecasting an economic contribution of over US$3 trillion by 2031. B...

The City of Lugano Issues Its First Native Digital Bond on SDX With ZKB

The city of Lugano, Switzerland, launched a 6-year CHF senior unsecured bond with a total issue volume of CHF 100 million and a maturity in 2029. By issuing the first native digital bond, the city of Lugano is pioneering this space for all other majo...

ABN AMRO Issues Digital Bond on Stellar Blockchain

ABN Amro became the first bank in the Netherlands to register a digital bond on the public blockchain, using Fireblocks. The digital bond was issued to a select group of investors to raise funds on behalf of APOC, an ABN Amro commercial client in the...

Canadian Fintech Nuvei Acquires Paya in US$1.3 Billion Deal

Canadian fintech Nuvei announced that it has inked a deal to acquire U.S. payments firm Paya in an all-cash transaction for US$1.3 billion. Paya is a pure-play integrated payments platform serving customers in markets such as B2B, government, utiliti...

Swiss Insurtech Toni Digital Closes $12.5M Series B

Zurich-headquartered startup TONI Digital has secured $12.5 million in a Series B funding round. The company is a digital insurance-as-a-service provider, offering personal and commercial insurance lines such as motor insurance, payment protection in...

14 Swiss Venture Capitalists Fintech Startups Should Watch in 2023

Despite a challenging global funding landscape, Swiss startups continued to see notable traction in 2022, securing a record of CHF 3.8 billion in funding between January and November, data from Startup.ch show. The sum represents a 27% increase compa...