Blockchain-focused challenger Bitwala raises €13m
The Berlin-based bank is now looking into expansion.
Germany
Case study: why a banking service provider migrated to containers
Banking service provider figo builds a containerised infrastructure to meet goals for speed, scalability and security.
N26 extends Series D funding to $470m
The company is now valued at $3.5bn
Bonify eyes European expansion with new investment
The fintech has over half a million users.
FNZ acquires German investech Ebase for €154m
Ebase was previously owned by Comdirect Bank
Bsurance to enable Cashpresso’s buyer protection
Ensuring the safety of purchasing by instalments.
Bitbond celebrates STO raising $2.3m
The token offering makes Bitbond the first issuer to have its prospectus approved by BaFin.
Hundreds of German fintech start-ups gone bust since 2017
The average age of the fintechs that failed was four years old.
Troubled Fidor Bank to shut down in the UK
Fidor Bank UK has announced it is withdrawing its services and products from 15th September.
Aazzur launches funding round
The Berlin-based fintech has also begun beta testing.
Getsafe raises €15m for AI-driven insurance
The German mobile insurtech is looking to double its team and expand in the UK.
German bank Penta integrates business invoicing with Debitoor
Debitoor automatically compares invoices and money paid.
German wealthtech Elinvar gets Goldman Sachs injection
The digital platform for asset and wealth managers wants to expand throughout Europe.
KYC firm 4Stop raises $2.5m for fight against fraud
The Series A was led by Ventech.
Orange joins Raisin’s €100m Series D investment round
Orange has key mobile financial services initiatives in Europe and Africa.
Video: fintech news weekly round-up – 09 May 2019
This week, Mastercard, Facebook and many more!
Deutsche Bank selects Red Hat’s cloud tech
It will support the bank’s Fabric digital platform.
SoftBank invests €900m in Wirecard for APAC push
Wirecard is struggling amidst fraud investigations.
Greece’s Praxia targets deposits market through Raisin
Challenger bank is the first in Greece to tie up with the German fintech.
Raisin partners with Commerzbank for special fixed-term deposits
The partnership will start with German credit institutions such as Grenke Bank, NIBC Bank and Gefa Bank.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
N26 under German regulator’s microscope
The BaFin has highlighted issues with staffing and communications.
Fidor CEO leaves as BPCE sells bank
Matthias Kröener founded Fidor ten years ago.
Ampega Asset Management amps it up with Murex
The wealthtech will implement MX.3 for fixed income, equity, funds, FX.
Finleap acquires German challenger bank Penta
Penta will collaborate with Beesy to serve Italian freelance market.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Curve announces plans for global expansion
LinkedIn’s former talent hunter will head international recruitment.
Crypto app Donut gets sweet $1.8m seed funding
Bringing “convenience, trust and accessibility” to managing and transacting in crypto assets.
Worldline terminals now accept Apple Pay and Google Pay in Germany
Only if the user’s bank’s app supports these payments.
US tariff threat to the German car industry
The German car industry is now in the President Trump’s cross-hairs.
Hannover Re dives into insurance innovation
Hr | equarium is designed to help insurtechs break out in the industry.
Commerzbank and Deutsche Börse complete DLT repo transaction
It involved the simultaneous swap of the tokens as a legally binding transaction.
Wefox smashes it with $125m funding
Berlin-based insurtech looks towards Asia for expansion.
Alpha-Cash acquired by heidelpay for PoS action
Following the acquisition of PayLater and Universum.
Announcing Genome beta launch at White Nights Berlin 2019
Genome opens for public beta in Berlin on 12 February 2019 introducing a unified finance ecosystem like no other.
Deutsche Bank gets collateral tech from CloudMargin
“The first time a tier one bank will use a public cloud-based for collateral management.”
E-commerce: the biggest overseas markets for UK consumers
Consumers in the UK buy a higher proportion of goods from overseas than almost any other wealthy country.
Bsurance receives $4m funding and eyes move west
Investment led by Uniqa Venture to expand in Europe.
Bayerische Landesbank picks Profidata for custodian services
German bank will use the software Xentis.
Bison app attracts crypto trading hunters
Powered by Börse Stuttgart and designed for buying and selling.
