Igor Kuschnir steps down as MD and CFO of Penta
Kuschnir joined Penta in 2017 following stints at Franzen and Company, Citi and Morgan Stanley.
Germany
European tax compliance platform Taxdoo lands $64m in Series B funding
Brexit and VAT reform in the EU made 2021 an “eventful year”, says Taxdoo CEO.
ICYMI funding round-up: Novus, Bumper, topi, Toucan, & Raison
With the fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
FairXchange marks United Fintech’s third acquisition in its first year
London company completes busy first 12 months as it builds a capital markets solutions business.
Olivier Vigneron to become Deutsche Bank’s group CRO
Vigneron is rejoining the bank, moving from Natixis, and will take up the role from next June.
Digital bank N26 to withdraw from US in January to focus on Europe
N26 will no longer serve US customers after 11 January 2022.
Standard Chartered taps SAP for SaaS banking connectivity solution
SAP Multi-Bank Connectivity will enhance the transactional banking experience for corporates, the bank says.
Ebury partners Santander to help German SMEs trade globally
The partnership plans to offer a solution that streamlines cross-border trade.
FNZ acquires German commercial bank Fondsdepot
Wealth management vendor plans to build out the bank’s digital capabilities.
Raisin Bank launches BaaS offering on Mambu’s cloud banking platform
German bank claims to be one of the first lenders entirely on the cloud in its home country.
German investing start-up Moonfare raises $125m in Series C round
The platform opens up access to private equity funds for individual investors.
B2B BNPL platform Billie raises $100m in Series C round
Billie claims the funding round is the “world’s largest to date in the B2B BNPL market”.
Neobank FIBR launches to support European SMEs via local lenders
The BaaS firm aims to support post-pandemic growth through nurturing SMEs.
N26 raises $900m in new funding to reach $9bn valuation
German neobank’s value eclipses the market capitalisation of Germany’s second-largest bank.
Airbank picks Yapily to launch major bank API connections
Open banking infrastructure firm to help German cash management company connect users’ accounts.
Sibos 2021: BIAN releases upgraded digital core banking platform
The Coreless Bank platform is designed to help firms modernise their core banking infrastructure.
Nord/LB picks Planixs’ Realiti to revamp treasury and liquidity management
German commercial bank says it analysed the “full solution market” before making its choice.
Deutsche Börse plans digitisation for German capital markets
German exchanges operator aims for 80% of all securities to be digital by end of 2022.
N26 pays €4.25m fine for money laundering failures
German digital bank hit with fine by country’s financial regulator.
Deutsche Bank boosts online payments with Better Payment acquisition
Deutsche Bank’s acquisition will expand its product range and market share in online payments in Germany.
Swedish payments platform Billogram lands $45m investment
The recurring billing platform provider will seek to move into six new countries.
JP Morgan to acquire majority stake in Volkswagen’s payments business
US banking giant says the deal will expand its digital payment capabilities.
Scalapay raises $155m in Series A round to fund BNPL expansion
European payments firm seeks greater foothold in core markets.
Hamburg Commercial Bank goes live on Broadridge payments system
German lender aims to revamp its processing capabilities.
Mambu takes the Cake with new digital banking deal
Cloud core banking vendor wins deal with new Vietnamese digital bank Cake.
German fintech elopage nets $38m in Series A round to expand SaaS platform
The round marks the bootstrapped company’s first venture capital raise.
Coinbase deploys Solarisbank to streamline onboarding in Germany
Cryptocurrency platform deploys new systems to improve KYC.
Paysafe agrees deal to acquire German digital payments firm viafintech
It is Paysafe’s third acquisition in the last month, following deals for SafetyPay and PagoEfectivo.
German fintech Moss lands $29m funding in Series A extension
Start-up claims the latest injection boosts its valuation up to $264 million.
Danish challenger Kompasbank goes live with Mambu’s cloud banking platform
COO says Mambu is “the right choice to help us on our growth trajectory”.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
Open banking platform finleap connect overhauls management team
Uwe Sandner, Katja Hunstock and Ignacio Garcia named as CTO, CPO and CSO.
Solarisbank raises €190m in Series D, acquires Contis for UK foothold
German BaaS provider hits unicorn valuation and looks towards the UK.
Commerzbank to write off €200m after scrapping outsourcing project with HSBC
The bank cites implementation risks and changed market conditions as the reasons behind its decision.
Klarna acquires German payments fintech Stocard
Rumoured deal is valued at around €110 million.
Pleo lands $150m Series C funding round
The firm says the investment brings its valuation to around $1.7 billion.
Deutsche Börse acquires Swiss digital assets firm Crypto Finance
German group paid “a modest three-digit million” sum for the firm.
Raisin and Deposit Solutions merge to create pan-European fintech giant
The newly formed Raisin DS is already turning its eyes towards the US.
Deutsche Bank partners Oracle to upgrade its IT systems
The bank is looking to modernise its database tech and accelerate its digital transformation.
BayernLB picks Broadridge to cover regulatory reporting needs
Broadridge to help German bank with SFTR, EMIR, SiFIR, and MMSR reporting.
