Category : Switzerland

6 Swiss Fintechs That Managed to Expand Internationally During the Pandemic

In 2020, Switzerland’s economy shrank 2.9% as a results of the COVID-19 pandemic, the worst annual contraction in 45 years. Startup funding declined 7.4% while fintech funding fell 38% as investors spread their financing more thinly, avoiding rounds...

Spanish Stock Exchange Set to Pilot a Blockchain-Based SME Financing Platform

The Spanish stock exchange Bolsa de Madrid (BME) announced last week that it is set to test blockchain-based SME financing platform in a regulatory sandbox by the Ministry of Economic Affairs and Digital Transformation. The project’s entry into...

MoneyGram Allows Customers to Buy a nd Sell Bitcoin With Cash

MoneyGram , a provider of cross-border P2P payments and money transfers, announced the launch of a new partnership with Coinme, a licensed cryptocurrency cash exchange in the U.S., to enable the cash funding and payout of digital currency purchases a...

MoneyGram Allows Customers to Buy and Sell Bitcoin With Cash

How to Get a Swiss Fintech License, Swiss SME Banking Heats Up

Switzerland’s fintech license appears to have attracted a horde of cryptocurrency startups looking to leverage the relaxed regime to provide certain bank-like services which would have otherwise required a full banking license, Michael Brüggler, mana...

Kriterien für erfolgreiche Bancassurance-Modelle

Die derzeit grassierende Corona-Pandemie hat in der Finanzwirtschaft einen Boom verschiedenster Plattform-Geschäftsmodelle ausgelöst und damit den Weg für eine Wiederbelebung des Allfinanz-Modells geebnet. Zu diesem Ergebnis kommt eine aktuelle Studi...

Interview: Michael Brüggler Dives Deep Into Swiss Fintech License Landscape

Fintech News Switzerland (FNN) speaks with Michael Brüggler* to explore how up-and-coming startups can expertly navigate the complex Swiss fintech license regulatory landscape. Michael is the managing expert at Fintech Werkstatt and was the FINMA lic...

Die Gewinner der Blockchain Challenge 2021 der Universität Basel

Am Dienstag, den 11. Mai, endete die Blockchain Challenge 2021 des Center for Innovative Finance der Universität Basel mit der in diesem Jahr online ausgetragenen Abschlussveranstaltung. Die praxisorientierte und sehr anspruchsvolle Blockchain Challe...

Diem Withdraws Swiss License Application, Makes Bold Move With U.S. Shift

Diem Association, a digital currency project previously knows as Facebook’s Libra project, announced that it has dropped its plans to get a Swiss payments license and will instead focus on shifting its primary operations to the United States. T...

Neobank for Freelancers Lili Secures US$55 Million in Series B Fundraise

Lili, a mobile banking service for freelancers in the U.S., announced a US$55 million Series B investment led by Group 11, bringing total funding to US$80 million. Other notable investors included Target Global and AltaIR with previous investors re-u...

Remitly Receives Investment From Visa Ahead of IPO Plans

Remitly, a mobile-first provider of remittances and financial services for immigrants, announced that it has received an undisclosed sum of equity investment from Visa. News of the funding comes days amidst reports that Remitly is preparing for an in...

Älteste Uhrenfabrik der Schweiz setzt auf Blockchain

Die Philippe DuBois et fils S.A. mit Sitz in Basel ist Herstellerin von Armbanduhren. Das Unternehmen besteht seit 1785 und produziert heute ausschliesslich stark limitierte Uhrenmodelle. Jetzt belebt DuBois et fils die in der Schweiz tief verankerte...

SPAC Deals Drive Fintech Exit Activity to New High

In Q1 2021, fintech exit activity hit a new high driven by blank check transactions. 11 initial public offerings (IPOs) and 67 merger and acquisition (M&A) deals were announced and/or completed this past quarter – many of which through special pu...

Austrian Unicorn Bitpanda Secures Additional €10 Million in Extension of Series B Round

Austrian investment platform Bitpanda announced that it has raised an additional €10 million as an extension of its Series B funding round. This extension brings crypto and fintech investors Jump Capital and market makers Winterntermute Trading, to B...

2021 Breaks Record in Fintech SPAC Deal Count and Volume

In Q1 2021, 17 blank check companies announced plans to merge with fintech firms, totaling a combined valuation of US$62.396 billion, data from fintech-focused investment bank Financial Technology Partners (FT Partners) show. These figures are a new...