Category : Switzerland

Is a SPAC Approach Plausible for Swiss Companies?

Well, it’s already happening. In the past week, I have heard of 4 Swiss private companies approached by US-listed SPACs interested to acquire them. There may be more such cases in Switzerland by now, but there will definitely be more in the near futu...

UK Digital Bank Starling Raises £272 Million Funding, Secures Valuation of £1.1 Billion

UK digital bank Starling announced a £272 million (US$ 376 million) Series D funding round led by Fidelity Management & Research Company. The new investment values the company at £1.1 billion (US$ 1.5 billion) pre-money. The funding will be deplo...

PayPal to Acquire Crypto Security Firm Curv

PayPal announced that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset security based in Tel Aviv, was founded in...

IDnow Acquires Identity Trust Management

IDnow, a provider of Identity Verification-as-a-Service solutions, announced that it has agreed to acquire identity Trust Management, an international provider of digital and offline identification solutions from Germany. IDnow will retain identity T...

Swiss Blockchain Federation Launches Blockchain Innovation Programme

The Swiss Blockchain Federation has launched the NTN Innovation Booster – Blockchain Nation Switzerland, a four-year program co-funded by Innosuisse, the Swiss Innovation Agency. The initiative aims to systematically and sustainably drives blockchain...

Fintech Studie und Ranking 2021

Der Schweizer FinTech-Markt ist im Jahr 2020 ein weiteres Mal gewachsen. Ein genauerer Blick auf den Sektor lässt jedoch erahnen: Das Wachstum der Branche gerät ins Stocken. Das zeigen die Ergebnisse der diesjährigen FinTech-Studie der Hochschule Luz...

Swiss Regtech Apiax Begins Operations in Germany and Secures Fresh Funding

Swiss regtech startup Apiax announced that it has started operations in Germany and opened a subsidiary in Frankfurt to serve the market even better. The expansion follows its existing initiatives in the UK and Singapore. Frankfurt-based venture firm...

Square’s Banking Subsidiary Begins Operations in the US

Square, a US-based mobile payment company, announced that its subsidiary Square Financial Services, has begun operations. The launch follows Square Financial Services’ completion of the charter approval process with the Federal Deposit Insuranc...

Israel Expat Neobank Rewire Raises $20 Million in Series B Funding Round

Rewire, a Tel Aviv-based neobank for migrants, announced a Series B funding round of $20 million led by global crowdfunding platform OurCrowd and also included a line of credit from an unnamed bank. Rewire said that the current round of funding will...

Fidesmo Launches Wearable Payments Service in Switzerland With Cembra

Swedish tech company Fidesmo is expanding its wearable payments service to Switzerland through a collaboration with Cembra, a Swiss provider of consumer finance products. This allows for customers with payment cards issued by Cembra to connect with w...

Insurtech simpego übernimmt Sachversicherungen von Sympany

Das Insurtech Start-Up simpego und die Krankenversicherung Sympany sind eine strategische Partnerschaft für Sachversicherungen eingegangen. Ab sofort wird Sympany die Sachversicherungsprodukte Auto und Hausrat/Privathaftpflicht von simpego im White L...

Fidor Solutions Partners SIA to Launch Instant Payments Service in Europe

Fidor Solutions, a subsidiary of Sopra Banking Software, has signed a partnership agreement with SIA, a European company in payment services and infrastructures, to launch its new instant payments service in Germany and in other European countries. W...

F10 Partners New Energy Nexus for Green and Climate Fintech Programme

F10 FinTech Incubator & Accelerator, a global banking and insurance incubator and accelerator with hubs in Switzerland, Singapore and Spain, plans to form a strategic partnership with New Energy Nexus, an international startup support organisatio...

Report: Open Banking’s Global Revolution in Progress

Banking software company Temenos published a new report “Open Banking: Revolution or Evolution?” written by the Economist Intelligence Unit (EIU) and based on a survey of over 300 global banking executives. It finds that nearly half (45%) are set on...

Swiss Flovtec Starts Offering Digital Asset Market Making Solution

flovtec, a Swiss technology company specialising in providing liquidity to tokens and exchanges in the growing digital asset space, said that it will give the digital asset ecosystem full control over market making. This move is said to offer a seaml...