Category : Switzerland

Trade Finance Platform Drip Capital Raises US$175 Million

Drip Capital, a digital cross-border trade finance platform for small and medium businesses (SMBs), announced that it has raised US$175 million to power its next phase of growth. Funds raised include a US$40 million Series C investment and US$135 mil...

Swiss Accounting Tool Bexio Joins SIX’s Open Finance Platform

bexio, a Swiss provider of cloud-based business and accounting software solutions, announced that it is joining the bLink open finance platform. Through the bLink platform, SIX Swiss Exchange makes available a platform that connects financial institu...

JP Morgan Study: Global Embedded Payment Volume Reached US$1.1T in 2020

In 2020, of the US$240 trillion in global payment flows, approximately US$1.1 trillion came from embedded payments, a new research by JP Morgan found. Wearables (US$347 billion), the Internet-of-Things (US$240 billion) and virtual worlds (US$182 bill...

German Investment Platform Moonfare Raised US$125 Million Series C

Moonfare, a German-based digital private equity investment platform for individual investors, announced that it has raised US$125 million in Series C funding, led by New York-based global private equity and venture capital firm Insight Partners. The...

Digital Currency Group Raises US$700 Million From Softbank, Google’s Capital G

Digital Currency Group (DCG) announced that it has closed a secondary investment round by selling more than US$700 million of its shares and is now valued at US$10 billion. SoftBank’s Vision Fund II and Latin American Fund led a syndicate of equity i...

PayPal Launches Mobile POS Solution “Zettle Terminal” for Small Businesses

PayPal announced the launch of the Zettle Terminal, its new, all-in-one point of sale solution that offers increased mobility in-store for small businesses. The Zettle Terminal will now be available in the UK beginning and will continue to roll-out a...

Crypto Trading Platform BitMEX Expands Its Footprint to Switzerland

BitMEX, a peer-to-peer crypto trading platform, announced the expansion of its footprint to Switzerland. Switzerland will be home to BitMEX Link, a brokerage service for the adoption and trading of digital assets. The company also intends to apply fo...

Swiss Universities Ranked Amongst World’s Best Higher-Educational Institutions for Blockchain

CoinDesk, a news site specializing in blockchain and digital assets, has released its annual ranking of the world’s top universities for blockchain, naming three Swiss institutions in the top 30. The CoinDesk University Ranking uses a scoring system...

Swiss Universities Ranked Amongst World’s Best for Blockchain

American Express Launches Fully Digital Business Checking Account for SMEs

American Express has introduced its new Business Checking account designed for small and mid-sized (SME) businesses in the United States. This fully digital Business Checking account offers a secure, high-yield, and low fee digital banking experience...

F10 Spain Selects 10 Startups for the Second Batch of Its Incubation Programme

Fintech incubator and accelerator F10 has announced the list of ten promising startups joining the second cohort of its incubation programme in Barcelona. Selected from more than 180 national and international applications, this batch brings innovati...

Wealthtech Firm TIFIN Closes US$47 Million Series C From JPMorgan, Broadridge

TIFIN, a fintech platform using AI for wealth and asset management, announced the successful closing of US$47 million in Series C funding. The firm closes its Series C round at a valuation of US$447 million, which is nearly five times higher than its...

Bitpanda Pro Appoints JPMorgan’s Exec Joshua Barraclough as CEO

Austrian digital investment platform Bitpanda announced that it has appointed Joshua Barraclough as the CEO of Bitpanda Pro, its digital asset exchange for professionals and businesses to trade. Josh joins Bitpanda from J.P. Morgan, where he held key...

Brazilian Challenger Bank Nubank Makes Push for IPO

Brazilian challenger bank Nubank has filed for its initial public offering (IPO) and is expected to go public in the U.S. by early 2022, according to Forbes. Nubank had filed both with the Securities and Exchange Commission (SEC) in the U.S. and the...

A Look Into Switzerland’s Distributed Ledger Technology Act

This year, the Distributed Ledger Technology (DLT) bill entered into full force in Switzerland, opening up new opportunities and business models by providing legal clarity in areas including ledger-based securities and digital securities exchanges. T...