Upvest raises €100m Series C for team and product expansion
Upvest previously raised a €42 million Series B in 2022.
Germany
The latest fintech news, resources and expert analysis in Germany by the leading intelligence provider for the worldwide fintech community.
French asset manager Amundi buys wealthtech Aixigo for €149m
Aixigo’s API-based wealth management platform and 150 team members will join Amundi Technology.
ICYMI fintech funding round-up: Mutual Vision, Tako, Zeplyn, Tranched, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Modifi raises $15m, inks MoU with Japan’s SMBC to support SMEs with cross-border financing solutions
Modifi and SMBC will seek to assist Asia’s SME exporters in expanding international trade operations.
Solaris sells Engage business to UK fintech Suits Me
Suits Me’s CEO says the migration of Engage customers has “already started and will be finished mid-January 2025”.
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Embedded finance provider Solaris embarks on “new chapter of transformation”, says CEO
CEO Carsten Höltkemeyer says BaaS provider Solaris is “at a pivotal moment”.
Solaris to “discontinue major parts” of EMI business
Solaris says the move “regrettably will bring redundancies across the EMI team”.
BNP Paribas to acquire HSBC’s private banking division in Germany
BNP Paribas anticipates the deal will boost its AUM to €40 billion.
UniCredit buys 9% stake in Commerzbank as German government looks to offload shareholding
Of the stake, 4.49% was purchased from the Federal Republic of Germany for $775 million.
Enfuce to launch dual-function E2 card in UK, France and Germany with Mastercard
E2 combines both debit and credit primary account numbers into one card.
Germany’s Upvest embeds Deutsche Bank’s banking infrastructure to expand its product range
Upvest will provide virtual IBANs, cash management, and FX services through Deutsche Bank.
N26’s chief regulatory officer Jan Stechele to step down to “pursue new opportunities”
Chief risk officer Carina Kozole will assume Stechele’s responsibilities moving forward.
ICYMI fintech funding round-up: Rillet, Aveni, Mamo, Payflow, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Bitpanda selects Solaris KYC solution for onboarding in Germany
Bankident will “enable our customers to start trading within minutes”, says Bitpanda’s Maik Brodowski.
German wealthtech Bunch lands $15.5m Series A
Bunch has now secured a total of $22 million in funding to date.
ICYMI fintech funding round-up: Lemon.markets, Trustap, Adfin, Accend and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ICYMI fintech funding round-up: Bling, CreditLogic, FreeBnk and Currensea
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Germany’s Mitgo Group to inject $20m into its new fintech division Capy
The $20 million “investment package” is to be spread over the “coming 3 years”.
Barclays sells German consumer finance business to Austria’s BAWAG to refocus on “key businesses”
The sale is expected to release around €4 billion in RWAs for Barclays as it seeks business simplification.
German fintech Vivid Money buys Pile’s treasury solution
Vivid Money is looking to expand its Vivid Business offering for SMEs launched at the start of the year.
EPI launches digital wallet solution Wero in Germany
Customers of DSVG and DZ Bank in Germany will be among the first Wero users.
Germany’s Taxfix Group secures UK market entry with TaxScouts acquisition
Launched in 2018, the TaxScouts platform connects self assessment tax filers with a network of accredited accountants.
Commerzbank to launch digital credit cards for businesses with Pliant
The offering is expected to launch in Q3 2024.
ICYMI fintech funding round-up: Ramify, Hawk, Cadana, Prosper and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Zilch lands £100m in securitised debt financing ahead of planned IPO
Zilch is preparing to launch its IPO in the next one to two years.
DZ Bank partners Surecomp for collaborative trade finance platform
DZ Bank acts as a central bank to more than 700 cooperative banks in Germany.
Shift4 snaps up majority stake in German POS firm Vectron Systems AG
Shift4 plans to buy “additional ownership of Vectron” through a public tender offer.
Germany’s Paydirekt reportedly heading for closure in favour of EPI
Further developments are expected to emerge during a shareholder meeting later this week.
Apple partners Santander’s Zinia for BNPL financing services in Germany
Enabling Apple’s customers in Germany to split or defer payments when purchasing goods at physical or online stores.
ICYMI fintech funding round-up: Fizz, Torpago, Sibill, WealthOS and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
European FMIs Clearstream, DTCC and Euroclear unveil tokenised asset framework
The framework also highlights the controls which will help firms mitigate governance and asset management risks.
Germany’s Universal Investment names John Burns as new group CTO
Burns previously served as the global head of technology and operations at DWS Group for over seven years.
ABN Amro acquires Germany’s Hauck Aufhäuser Lampe in €672m deal
The deal is expected to close in Q1 2025 pending regulatory approvals.
N26 fined €9.2m by BaFin over late submission of suspected money laundering reports in 2022
N26 says it has implemented “numerous measures to further improve reporting processes” since 2022.
Climate fintech start-up Cloover secures $114m in seed funding round
The firm says the funding will be used to “enhance our operating system designed for the renewable energy industry”.
FE fundinfo snaps up wealth management fintech Dericon
The deal marks FE fundinfo’s seventh acquisition in three years.
Open finance fintech Fabrick to acquire finAPI from Germany’s Schufa
Fabrick is to leverage its latest purchase to expand its presence into the DACH region.
Deutsche Bank to explore asset tokenisation applications as part of MAS’ Project Guardian
The bank will collaborate with Interop Labs and Memento Blockchain as part of the project.
Iwoca lands £270m debt funding package from Citibank and Barclays
The lender says it plans to use the funding to expand its operations in the UK and Germany.
