Category : News

Digital Asset Manager CoinShares Snaps up 9% Stake in FlowBank for US$11.8 Million

London-based digital asset manager CoinShares has acquired a 9.02% stake in Swiss online bank FlowBank for US$11.85 million. With this move, FlowBank’s clients can invest in CoinShares’ crypto ETPs. From next year onwards, customers will be able to d...

German Regulator BaFin Grants Third Crypto Custody License to Tangany

Tangany has received a license from the German Federal Financial Supervisory Authority (BaFin) as the third regulated service provider for the custody of digital assets in the country to provide crypto custody business. Furthermore, Tangany plans to...

4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this tr...

Top 50 Early-Stage Insurtechs in Europe

With 29 out of 50 companies, the UK takes the lion’s share in this year’s Future50, a ranking by Insurtech Insights and Sønr depicting Europe’s top 50 most promising early-stage insurtech startups. These 50 insurtechs were selected out of thousands o...

Europe Leads in Open Banking Regulation But Adoption Discrepancies Exist Between Countries

Europe is often considered a pioneer in the widespread introduction of open banking, but despite groundbreaking regulations like PSD2, significant differences and discrepancies exist between countries of the continent, a new research by German open b...

Europe Paved the Way for Open Banking but Held Back by Adoption Discrepancies

YAPEAL lanciert das erste digitale Firmenkunden Konto in der Schweiz

YAPEAL bietet neu vollumfänglich digitalisierte Dienstleistungen für Firmenkunden in der Schweiz an. Das Schweizer Firmenkundengeschäft der Banken ist in vielen Bereichen weit davon entfernt, die digitalen Möglichkeiten, welche den Unternehmen einen...

German Neo Insurer Getsafe Extends Series B Fundraise to US$93 Million

Getsafe, a digital insurer targeting millennial buyers in Germany and the UK, announced that it has extended its Series B funding round to US$93 million. The neo insurer previously announced in December 2020 that it had secured US$30 million during a...

Deutsche Börse to Roll Out Digital Post-trade Platform

Global market infrastructure provider Deutsche Börse plans to launch a regulatory compliant, fully digital post-trade platform called D7, anchored in the recently introduced German digital securities law framework. The new cloud-backed and DLT-ready...

5 Recommendations for Successful Insurtech Partnerships

Incumbent insurers and non-insurance companies are increasingly teaming up with insurtech companies, as they search for novel ways to solve business challenges, inspire innovation and create new business opportunities. Throughout the years, business...

Money Transfer Startup TransferGo Secured US$50 Million in Series C Fundraise

TransferGo, a London-based money transfer company, announced that it has secured US$50 million during a Series C funding round, bringing its total funds raised to US$77 million so far. The funding round was led by Elbrus Capital Fund III and Black Ri...

Robo Advisor Betterment Earns Unicorn Badge With US$160 Million Series F

New York-based robo advisor Betterment announced that it has secured US$160 million during a Series F equity round, pushing the company’s valuation to nearly US$1.3 billion. The growth capital raised comprises a US$60 million equity round and a...

Insurtech Firm Sure Bags US$100 Million in Series C, Now Valued at US$550 Million

US-based insurtech Sure announced that it has raised US$100 million during a Series C funding round which values it at US$550 million. The fundraise was co-led by Declaration Partners LP and Kinnevik AB with participation from WndrCo, FTAC Ventures,...

Market Pay Acquires French Payments Firm Dejamobile

Market Pay, an European and omni-channel payment platform, announced the acquisition of Dejamobile, a French provider of mobile and connected equipment payment solutions. This deal is the second acquisition for Market Pay this month, following the ac...

Deutsche Börse’s Venture Arm Acquires Minority Stake in Israeli Fintech WeMatch

Deutsche Börse’s venture arm DB1 Ventures has acquired a minority stake in WeMatch, an Israel-based fintech company digitising the wholesale derivatives industry, as part of the latter’s US$ 19.5 million Series B equity funding round. The deal...