Category : Switzerland

Zurich Insurance Selects AWS to Deliver New Customer Experiences

Amazon Web Services (AWS) today announced that Zurich Insurance Group (Zurich) is moving its enterprise information technology (IT) infrastructure to AWS. Zurich will use AWS’s global infrastructure, analytics, and machine learning technologies to de...

DailyPay Announces $260 Million in New Funding

DailyPay announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo...

Fintech Funding Drops 46%; Banking Startups Among Worst Hit

In 2022, fintech companies secured a total of US$75.2 billion in funding, a sum that represents a 46% decline from 2021. Deal counts also decreased, falling 8% year-on-year (YoY) from 5,474 deals in 2021 to 5,048 deals last year, data from CB Insight...

Zurich Insurance Leads Series B Fundraise for Global Cyber Insurtech Boxx

BOXX Insurance, a Toronto headquartered insurtech that combines cyber insurance and security announced a US$14.4 million Series B funding round, bringing the total amount raised from investors to US$24.5 million in the last 16 months. The latest inve...

US Fraud Detection Startup Inscribe Raised 25M USD Series B

Inscribe, a fraud detection and document automation platform, announced that it has raised $25M in Series B funding. The round was led by Threshold Ventures and joined by existing investors Crosslink Capital, Foundry, and Uncork Capital, as well as a...

PayEm Announces $220M in Equity and Credit Financing

PayEm, a San Francisco based platform for spend and procurement management announced $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth. Itamar Jobani “This is a...

Swiss Lending Platform TP24 Secures Mezzanine Funding From Channel Capital

Zurich-based lending platform TP24 announced that it has secured mezzanine financing for an undisclosed sum from Channel Capital Advisors. The mezzanine funding will enable TP24 to free up equity capital to fuel its business growth and drive its glob...

Boerse Stuttgart Deepens Digital Asset Partnership with Axel Springer and SBI

Boerse Stuttgart Group strengthens its digital business and further expands its strategic partnership with Axel Springer and SBI Group via SBI Digital Asset Holdings. Both partners deepen their investment and are now invested in the entire digital bu...

With an Estimated US$800B in Payments Processed Annually, Apple Has Become a Key Actor in the Global Fintech Scene

In 2022, Apple controlled an estimated US$800 billion worth of payments, making the American technology company a significant fintech player globally, a new report by Flagship Advisory Partners, a boutique consultancy and mergers and acquisitions adv...

Swiss Fintech Company Numarics Joins Forces With Top Ten Accounting Firm A&O Kreston

The Swiss fintech company Numarics AG is merging with the multiple award-winning fiduciary company a&o kreston ag. The startup Numarics, founded in 2020, thus completes another important growth step in the still short history of the company. a&am...

Inventx erwirbt Mehrheitsbeteiligung an Wiler Spezialistin für Datentransformation

Die Inventx übernimmt rückwirkend per 1. Januar 2023 die Aktienmehrheit der DTI-Gruppe. Die DTI ist eine unabhängige Dienstleisterin für digitales Informationsmanagement mit Sitz in Wil SG, einer über 25-jährigen Firmengeschichte und Expertise in der...

Inventx erwirbt Mehrheitsbeteiligung an Wiler Spezialistin für Daten-Transformation

Hawk AI Accelerates Global Expansion With $17 Million Series B

Hawk AI, a Munich-based provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing to accelerate product development and global expansion. The funding round was led by...

Payment, Fintech Companies Embrace Sports Sponsorships

Sports sponsorship deals from financial services and fintech companies alike have increased significantly over the past three years on the back of rising competition in the industry and amid hopes for increased brand awareness and exposure. According...

Swiss FIs Expect New Pressures as Well as Opportunities for Instant Payments

Scan the headlines in these early days of 2023, and you would be forgiven for thinking we’re embarking on the year of digital currency. Not so fast, however. CBDCs and digital currencies certainly merit a close and sustained look from Swiss financial...