Category : Switzerland

Swiss Spend Management Firm Yokoy Closes US$26 Million Series A

Swiss spend management specialist Yokoy has raised US$26 million in a Series A funding round led by US investor Left Lane Capital, with participation from prominent European investor, Balderton Capital. Yokoy will look to use the new funds to expand...

German B2B BNPL Firm Billie Bags US$100 Million From the Likes of Klarna, Tencent

Billie, a Berlin-based “Buy Now, Pay Later” (BNPL) platform for businesses, announced that it has closed a successful Series C funding round of US$100 million, increasing its valuation to US$640 million which has nearly quadrupled since the last fund...

New Proptech Firm Fixmyspace Kicks off to Offer Maintenance Services in Romandy

fixmyspace, a newly established Swiss proptech firm, announced that it has just launched its mobile application and online platform for the Romandy region. The startup said that it aims to standardise and optimise the process of repairs and breakdown...

Swiss Residents Show Reluctance to Neobanks, Non-Traditional Banking Providers

Despite being ranked this year’s most-innovative economy and boasting a dynamic fintech ecosystem, Switzerland’s residents are still reluctant to joining neobanks and non-traditional banking providers, indicating that digital challengers still have a...

8 Fast-Growing Fintech Startups from Berlin to Watch

Boasting one of the densest network of startups, deepest pools of experienced talent and some of the world’s most sophisticated investors, Berlin is a major tech powerhouse and one of the world’s largest fintech hubs in the world. The city is home to...

DocuSign Launches Venture Firm Focused on the Future of Agreements

DocuSign, a US-based e-signature technology provider, has introduced DocuSign Ventures, which will co-invest in as well as partner with companies raising early stage funding to innovate around the agreement process. By staying close to and working wi...

Facebook Can’t Be Trusted to Manage Cryptos, US Senators Say Following Novi Launch

A number of US lawmakers jointly issued a statement saying that Facebook cannot be trusted to manage cryptocurrency and has urged Mark Zuckerberg to stop the launch of Novi and Diem immediately. Facebook had just announced the pilot launch of Novi, t...

London Fintech Plum Bags US$14 Million in First Close of Its Series A

London-based money management app Plum announced the first close of its US$14 million Series A round to fuel its expansion plans in Europe. The company also announced a new crowdfunding round opening on Crowdcube later in October. Plum reports that m...

Newly Minted Unicorn Zopa Raises £220 Million Led by Softbank Ahead of IPO

Zopa, London-based peer-to-peer lender and digital bank, announced its latest fundraise of £220 million led by Softbank Vision Fund 2 ahead of plans for an initial public offering (IPO) by late 2022 in London. CNBC reports that Zopa is now one of the...

Tala Raises US$145 Million Series E, Plans to Roll Out Crypto Products

Tala, a Californian digital financial services provider in emerging markets, announced that it has secured a US$145 million Series E fundraise led by Upstart with participation from the Stellar Development Foundation. New investors Kindred Ventures a...

Neobank N26 Secures US$900 Million Series E, Now Valued at US$9 Billion

German neobank N26 announced a record-breaking US$900+ million Series E funding round which increases the company’s valuation to more than US$9 billion. The round was led by renowned New York-based tech investors Third Point Ventures and Coatue...

Virtual Debit/Credit Cards Take Off Amid Rising Theft, Digital Shift

Around the world, virtual debit and credit cards are on the rise, a trend brought about by COVID-19. In Switzerland, neobanks, incumbents and card issuers are waking up to the shift, launching new products to address evolving customer demand and expe...

Revolut Bank Continues Rollout Across Europe; Launches in Austria

UK digital banking unicorn Revolut has started operating as a bank in Austria, marking the 13th country in which it is launching as a licensed specialized bank. Revolut Bank secured a specialized banking license from the Bank of Lithuania in 2018, wh...

6 Fast-Growing Fintech and Blockchain Startups from Zug

Within the Greater Zurich Area, Zug has emerged as a hotspot for fintech startups, home to some of the world largest and most renowned blockchain projects and networks including Ethereum, Cardano and Polkadot. The canton is primarily known for hostin...

Payments Firm SumUp Acquires Fivestars for US$317 Million

SumUp, a London-based global payments service provider, announced the acquisition of Fivestars, America’s commerce network that combines a marketing platform with integrated payments, for US$317 million in a mix of cash and stock. The acquisiti...