Category : Switzerland

TrueLayer Earns Unicorn Badge With US$130 Million Funding From Stripe

London-based open banking platform TrueLayer announced that it has secured US$130 million, earning the unicorn badge with a company valuation of more than US$ 1 billion. The funding round was joined by Tiger Global and Stripe. This brings TrueLayer&#...

Coinbase to Invest US$500 Million Into Crypto Assets

American cryptocurrency exchange platform Coinbase announced that it has committed to invest US$500 million of its cash and cash equivalents into a diverse portfolio of crypto assets. Coinbase added that going forward, it will also allocate 10% of qu...

Switzerland Lags Behind in Adopting Robo-Advisors, Investment Tech

Swiss investors are lagging behind their European counterparts in embracing investment technology services. A new survey by Swiss banking technology provider Avaloq, which polled 1,430 investors across 10 countries in Europe and Asia, found that only...

Open-Banking-Weichensteller actesy neu im F10-Accelerator-Programm

Die actesy AG erhält in Zukunft Unterstützung vom Fintech-Beschleuniger F10 in Zürich. Das Ostschweizer Unternehmen ist eines von 25 europäischen, asiatischen und amerikanischen FinTech- und InsurTech-Startups, welches für das neue Förderungsprogramm...

SpotOn Raises US$300 Million in Series E Funding to Acquire Appetize

SpotOn, provider of mobile payment technology and management system for restaurants and small businesses, announced US$300 million in Series E funding, raising its valuation to US$3.15 billion. The funding, which comes four months after SpotOn’...

Swiss VC btov Partners Closes US$135 Million Fund Focused on European Tech Startups

Swiss venture capital firm btov Partners announces the final closing of its new digital technologies early-stage fund with a volume of US$135 million. It’s the second fund that focuses entirely on digital technologies, and the ninth for btov Partners...

Goldman Sachs to Acquire GreenSky, Led Form3’s US$160 Million Series C

Goldman Sachs Group has signed a deal to acquire GreenSky, a fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately US$2.24 billion. GreenSky’s differentiated lending capabilities and mar...

Avaloq Ventures Rebrands as FiveT Fintech Following Spin-off From Group

Swiss core banking solution provider Avaloq announced that the investment advisor of its fintech investment fund is being spun off from the group by means of a management buyout and renamed as FiveT Fintech. This will give the management team more ag...

Coinfirm Raises US$8 Million in Series A Co-led by SIX Fintech Ventures

London-based crypto regtech firm Coinfirm announced the close of its Series A fund raise of US$ 8 million, and has appointed Dr. Mircea Mihaescu as its new Chief Executive Officer. The funding round was co-led by SIX Fintech Ventures, the corporate v...

Raiffeisen Switzerland Issues CHF 165 Million Bail-in Bond on Valyo’s Platform

Raiffeisen Switzerland, a cooperative of cooperatives the union of all independent Swiss Raiffeisen banks, has issued a CHF 165 million bail-in bond on Valyo’s capital market platform. This is reportedly the first bail-in bond has been issued d...

Switzerland’s Startup Competition Venture Has Ended on a High Note This Year

Switzerland’s startup competition >>venture>> has come to a close with the announcement of this year’s winners. Established in 1997, >>venture>> ranks and celebrates the top 3 winners in the five categories including tha...

Money20/20 Europe 2021: Line-up, Key Topics and More

Money20/20 Europe, one of the biggest annual fintech events in the region, is coming back from September 21 to 23, 2021, in the Netherlands, and will bring together some of the fintech industry’s brightest minds to explore where the future of the ind...

Valuu steht jetzt auch Hypothekar- und Finanzberater:innen offen

Seit Juli 2021 können nebst Privatkunden auch professionelle Vermittler die Hypothekenplattform Valuu nutzen. Das Angebot mit dem Namen «Valuu Pro» wartet bereits mit einem ersten Update auf und macht so die Beratung noch effizienter. Valuu Pro richt...

Payroll Platform Papaya Global Raises US$250 Million at US$3.7 Billion Valuation

Papaya Global, a New York-based workforce management platform transforming global employment, announced that it has raised US$250 million in Series D funding, bringing the company’s valuation to US$3.7 billion. Papaya’s valuation has increased tenfol...

Avaloq Appoints Georges Roten to Lead Swiss and Liechtenstein Operations

Swiss core banking solution provider Avaloq announced that it has appointed Georges Roten as its new regional head for Switzerland and Liechtenstein. Roten joined Avaloq in June 2021 to ensure a smooth handover from Mathias Schütz who is leaving the...