Category : News

Open Finance: SIX’s bLink Platform Could Act as the Trusted Central Authority

With open finance increasingly coming to the public’s attention in Switzerland, discussions on API standards are accelerating. In July, industry trade group Swiss Fintech Innovations (SFTI) released a whitepaper outlining key considerations to addres...

BEKB lanciert Infrastruktur für tokenisierte Assets

In den kommenden Monaten wird die BEKB mit Unterstützung der Hypothekarbank Lenzburg und der daura AG eine Plattform für die Transaktion und die Verwaltung von tokenisierten Assets entwickeln. Der Handel wird auf Basis der bestehenden Nebenwerteplatt...

Neobank Chime Bags US$750 Million, Fintech Expert Questions US$25 Billion Valuation

San Francisco-based challenger bank Chime Financial announced that it has secured a funding of US$750 million, pushing its valuation to US$25 billion ahead of a planned initial public offering (IPO) early next year. The funding round was led by new i...

The 10 Most-Well Funded European Fintech Companies of 2021

2021 has been a record year for fintech funding globally. In Europe, total fintech funding broke the record for annual investment, reaching EUR 10.4 billion in just June 2021 and surpassing the previous record of EUR 9.3 billion raised across the who...

Neobank Upgrade Closes US$105 Million Series E Round, Valued at US$3.325 Billion

Upgrade, a US-based fintech company that offers affordable and responsible credit to mainstream consumers, announced that it closed a US$105 million Series E round at a US$3.325 billion pre-money valuation. The round was led by Koch Disruptive Techno...

EPAM Acquires Columbian Software Firm S4N as Part of Its Latin America Expansion Plans

EPAM Systems, a US-based provider of digital platform engineering and development services, has acquired S4N, a Columbian software development services firm specialising in the design and development of modern software products and enterprise platfor...

EPAM Acquires Colombian Software Firm S4N as Part of Its Latin America Expansion Plans

BBVA Spain Joins Ant Group’s Blockchain-Based Trading Platform Trusple

BBVA has signed an agreement to integrate its cross-border payment and financing services on Trusple, a blockchain-based trading platform powered by Alibaba’s affiliate Ant Group, for greater transparency and security. Trusple aims to accelerat...

Helvetia Venture Fund Takes Minor Stake in Spanish Fintech Coinscrap Finance

The Swiss Helvetia Venture Fund has acquired a minority stake in Spanish startup Coinscrap Finance which offers various white-label smartphone apps for banks and insurance companies in the pensions sector. The funds from the financing round will be u...

Top 10 Leading Fintech in France by Amounts of Funds Raised

Despite the economic turmoil caused by the COVID-19 pandemic, French fintech companies showed resilience in 2020, raising a total of EUR 828.2 million through 63 deals, up 18.9% from 2019, according to data from industry trade group France Fintech. A...

Fintech IPO Listings Reach New Highs

Fintech public listings reached a new high in Q2 2021 with 19 venture capital-backed fintech companies announcing public exits that quarter. Companies like Coinbase, Alkami, Flywire, dLocal and Marqeta went the initial public offering (IPO) route whi...

Crypto Firm Circle Announces Intentions To Be a National Digital Currency Bank

Circle, creator of the second largest stablecoin USDC, announced its intention to become a full-reserve national commercial bank, operating under the supervision of the Federal Reserve, U.S. Treasury, Office of the Comptroller of the Currency (OCC),...

Nubank Leads US$44 Million Investment Round in Indian Neobank Jupiter

Brazilian challenger bank Nubank announced that it led a US$44 million investment round in Jupiter, an Indian digital bank which launched its beta app about a month ago. This marks the first investment that Nubank has made into another company. The f...

Australian Digital Bank Alex Goes Live on Temenos

Swiss banking software company Temenos announced that Australia’s newest digital bank, Alex, has gone live on The Temenos Banking Cloud. Temenos technology powers Alex’s launch as a licensed bank, following the acquisition of its Restricted-Authorize...

Austrian Unicorn Bitpanda To Invest €10 Million for a Blockchain Hub

Bitpanda, the Austrian digital investment platform which recently achieved unicorn status, announced that it will be investing €10 million over the next two years into the newly launched Blockchain Research & Development Hub. The new Blockchain R...