Category : Switzerland

FQX Appoints Two New Advisors to Propel Its Growth Plans

FQX, a Swiss-based provider of electronic promissory note infrastructure to facilitate trade finance and money markets, announced the appointment of Whitman Knapp and John Taylor as its advisors. Whit Knapp, Chairman of GTBInsights LLC, a global tran...

Blockchain-Based Invoice Factoring Firm Hiveterminal Expands to DACH Region

Blockchain-based invoice factoring platform Hiveterminal announced that it has expanded to the DACH region as part of its Europe growth plans. Hiveterminal aims to start cultivating relationships with Swiss-based small and medium-sized enterprises (S...

Orell Füssli Snaps up Majority Stake in Swiss Digital Identity Firm Procivis

Swiss printing and bookselling company Orell Füssli has acquired a majority stake in technology company Procivis which offers smartphone-based identity solutions. Orell Füssli will offer both physical and digital identity and certificate solutions fr...

How Jacksonville, FL, Prevails as an Emerging Fintech Powerhouse

Many cities on the West Coast of the United States burgeoned into innovation centers during the dot-com bubble. Tech hubs like California’s Silicon Valley and Washington’s Greater Seattle region are home to some of the biggest tech companies in the w...

Fintech Sector Starts Taking Shape in Panama

Although Panama is lagging behind nations such as Brazil, Mexico and Colombia, in the development of fintech, the lack of access to financial services and high financial exclusion levels provide opportunities for the space to grow. A study released i...

Irish BNPL Firm Scalapay Bags US$155 Million to Fund Its Expansion Plans

Ireland-based buy now pay later (BNPL) firm Scalapay has raised US$155 million in equity funding as part of its Series A investment round. The company is now valued at US$700 million. The latest funding round brings the total amount raised to US$203...

Neobank Varo Raises US$510 Million, Now Valued at US$2.5 Billion

US-based Neobank Varo Bank announced that it closed a US$510 million oversubscribed Series E funding round, valuing it at US$2.5 billion. The round was led by new investor Lone Pine Capital, who was joined by dozens of additional new investors includ...

FINMA Issues First-Ever Approval to SIX for Digital Assets Trading

The Swiss Financial Market Supervisory Authority (FINMA) has granted approvals for the SIX Digital Exchange to act as a central securities depository and the associated company SDX Trading to act as a stock exchange for digital assets. With the grant...

Spiros Margaris Among Two New Additions to CoreLedger’s Advisory Board

CoreLedger, a Liechtenstein-based crypto firm, has announced the addition of Spiros Margaris and David Ishag as new members to its advisory board. Spiros Margaris Spiros is an accomplished unicorn startup advisor, venture capitalist, and keynote spea...

Mastercard Bets on Crypto, Buys CipherTrace for Undisclosed Sum

Mastercard has signed a deal to acquire CipherTrace, a US-based cryptocurrency intelligence company, for an undisclosed sum to extend its capabilities deep into the field of digital assets. The deal is anticipated to close before the end of the year....

French Government to Roll Out Digital ID Authentication With IDEMIA

The French government agency Agence Nationale des Titres Sécurisés (ANTS) will be collaborating with IDEMIA, a provider of identity-related security services, on the national digital ID program, France Identité Numérique. With their consent, French c...

ADB, BlueOrchard Inks US$50 Million Risk-Sharing Deal for Microfinance Programme

BlueOrchard Finance, a Swiss impact investment manager, and the Asian Development Bank (ADB) have signed a US$50 million risk-sharing agreement for microfinance coverage in the latter’s developing member countries (DMCs). The company is the fir...

AnaCap Completes Acquisition of German eKYC Firm WebID

AnaCap Financial Partners (AnaCap), a specialist mid-market private equity investor in technology enabled financial services, has completed its acquisition of WebID, a German digital identification provider. AnaCap will provide significant growth cap...

Fintech and Proptech Startups That Bagged the TOP 100 Swiss Startup Award

The 11th edition of the TOP 100 Swiss Startup Award which looks to celebrate Switzerland’s best startups has announced its list of winners this year. The award was organised by Venturelab and facilitated by its presenting partners Credit Suisse and S...