ID Finance bags $30m debt facility to boost growth in Mexico
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
Spain
The latest fintech news, resources and expert analysis in Spain by FinTech Futures, the leading intelligence provider for the worldwide fintech community.
UTP Group set to acquire Wellet’s Spanish business
Launched in 2021, Wellet is a card payment app that uses similar technology to UTP Group’s Tapeeno.
Spanish fintech ID Finance lands €30m equity funding
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
Nexi to acquire 80% of Sabadell’s merchant acquiring business for €280m
The all-cash deal worth €280 million values the business at €350 million.
Santander reportedly in discussions to purchase Abrdn’s private equity unit
A deal could be made in the next few months with the unit valued at around £250m, Sky News reports.
Europe fintech funding round-up: Kennek, Mazepay, Uniify and Snab
Our weekly fintech round-up for you to get the latest funding news from around the world.
BBVA migrates its investment banking platform to the cloud with AWS
BBVA says the AWS platform “provides greater computing power” to make financial market-related calculations.
Finnish crypto firm Coinmotion lands Bank of Spain authorisation
The Bank of Spain has initiated registration for crypto providers as it seeks to clamp down on money laundering.
European fintech Novicap bags €200m debt facility from Fasanara Capital
Novicap will use the funding to accelerate its growth, boost its credit portfolio and develop new solutions.
PagoNxt names Amazon VP of finance Olatz Urroz as new CFO
Urroz, who has worked at Amazon since 2019, will start her new role in December.
Pleo and TravelPerk team up for travel expense automation
TravelPerk’s platform will simplify and automate the travel expense experience for Pleo’s users.
Spanish employee benefits platform Cobee raises €40m Series B
Cobee plans to expand throughout southern Europe and into Latin America, particularly Mexico.
Mastercard partners bpost and Nickel to launch inclusive card options
Belgium’s bpost and France’s Nickel will offer Mastercard’s True Name option to customers.
Spanish banking sector to explore use of digital euro
Financial institutions will analyse the technical, operational and business implications of a digital euro.
Santander partners VC firm Forgepoint for new cybersecurity investment company
The bank is expecting to invest up to €300m in the strategic partnership.
Crypto-powered banking platform BVNK secures Spanish digital asset registration
BVNK is looking to expand across the European Union and beyond.
European community fintech 11Onze launches SME banking app
11Onze chair James Sène says SMEs are “the lifeblood of our communities and global economies”.
Spanish BNPL fintech SeQura lands €150m financing facility from Citi
The funding will support the firm’s expansion across southern Europe.
Proptech IMMO hires Hima Mandali as new CTO
Mandali will be responsible for scaling and developing the firm’s platform and products.
Europe fintech funding round-up: Currensea, Zeed, BKN301 and pfs
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Santander Mexico CEO Héctor Grisi to lead banking multinational in 2023
He will replace José Antonio Álvarez as group CEO next year, following a transition period.
CaixaBank and Microsoft establish AI innovation lab
The projects will aim to improve efficiency, customer experience, cybersecurity and other areas.
Challenger banks Allica and Plazo turn to Mambu for tech
Allica Bank is live with Mambu’s core, while Plazo will use the vendor’s tech to support its lending business.
Former Mastercard EVP Kush Saxena appointed as new CEO of PagoNxt Merchant Solutions
Kush Saxena will step into his new role in mid-June.
Santander uses in-house cloud tech to digitise core banking
Santander expects to fully complete the transition within the next two to three years.
Payroll fintech Symmetrical.ai raises $18.5m in Series A funding
The round saw participation from Target Global, Global Founders Capital, Finch Capital and Partech, among others.
Mobile tax app Taxfix lands unicorn status with $220m Series D funding
The round saw participation from Teachers’ Venture Growth, Index Ventures, Valar Ventures, Creandum and Redalpine.
Spain’s Ritmo lands $200m in debt funding to drive growth
The Madrid-based company has raised $225 million to date in debt and equity funding.
Spanish payments firm PayRetailers scoops up two LatAm e-commerce platforms
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
Norway’s Signicat boosts management team with several new appointments
Signicat CEO says: “We now look forward to the next phase of our international expansion.”
Spanish neobank Rebellion Pay taps Sentinels for AML and risk management
Madrid-based Rebellion Pay claims more than 280,000 customers across Spain.
BNPL provider ViaBill raises $120m in equity and debt
ViaBill’s funding round was led by London-based Fasanara Capital.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
Santander enters BNPL market with launch of new platform Zinia
Already live in Germany, Santander now plans to roll out the service in the Netherlands and Spain.
French fintech Qonto secures €486m Series D funding to boost European growth
The bumper funding round takes the start-up’s valuation to €4.4 billion.
Payroll automation start-up PayFit achieves unicorn status after €254m Series E
The fintech intends to hire 400 new employees across Europe in 2022.
Spanish neobank Unibo launches to cater for property managers
Unibo raised €500,000 in a seed round in November last year.
CaixaBank completes major systems integration with Bankia
The two banks have merged to become a €680 billion entity.
Neobank FIBR launches to support European SMEs via local lenders
The BaaS firm aims to support post-pandemic growth through nurturing SMEs.
Spanish challenger Bankse plans raft of features to win over customers
New bank to provide trading, credit, crypto, wage payment and more.
