Category : Switzerland

Forge Raises Over US$150 Million in Funding, Backed by Deutsche Börse and Temasek

Forge Global, a global private securities marketplace, announced that it has received Financial Industry Regulatory Authority’s (FINRA) approval to operate as a single broker dealer with SharesPost following a merger in 2020, and that it closed...

Germany’s Aareal Bank Group Integrates PayPal Onto Its B2B Payment Solution

Aareal Bank Group has expanded its Aareal Exchange & Payment Platform solution (AEPP), which was launched in 2020, by allowing the option to pay with PayPal. Moving forward, companies will be able to offer their customers payments via PayPal, inc...

Germany’s Aareal Bank Group Integrates PayPal Into Its B2B Payment Solution

Bill.com to Acquire Expense Management Startup Divvy for US$2.5 Billion

Bill.com, a provider of cloud-based software, announced that it has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately $2.5 billion. Divvy focuses on spend management that modernises finance f...

Jürg Stuker neu im Beirat von ti&m

Mit dem erfahrenen Digitalisierungsexperten Jürg Stuker gewinnt ti&m einen Top-Shot der Schweizer Digitalisierungsbranche für seinen Expertenbeirat. Er unterstützt die Geschäftsleitung vor allem in den Bereichen Service Design und Banking Experie...

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...