Auxmoney buys majority stake in Dutch credit marketplace Lender & Spender
With the stake, Auxmoney plans to build upon its “continuous organic growth” of recent years.
Germany
Roland Folz to lead CloudPay as newly appointed CEO
Folz joins CloudPay from the German credit institution Solaris SE, where he served as CEO from 2017 to 2023.
Naga integrates Rezolve AI into its social trading platform
The integration is also set to extend to Naga’s e-payments solution, Naga Pay.
Clearstream migrates regulatory reporting to Regnology’s Rcloud platform
Rcloud was the result of Regnology’s November 2022 partnership with Google Cloud.
Nexi buys 30% stake in German PSP Computop
Computop’s founders, Frank Arnoldt and Ralf Gladis, previously held 50% of the company’s shares each.
German fintech start-up Monite bolsters leadership team with new hires
The firm has appointed a new chief product officer, chief of staff, and head of marketing.
Germany’s N26 appoints new chief risk officer, Carina Kozole
Kozole, who will begin her new role later this year, has spent the last 17 years at UniCredit Group.
Italy’s Mediobanca partners Founders Factory for new UK fintech venture studio
The joint venture is central to the Italian bank’s strategic plan to strengthen its technology ecosystem.
Wirecard fugitive Jan Marsalek resurfaces with a message for the courts
The eight-page letter was delivered to a court in Munich through Marsalek’s defence lawyer.
JP Morgan CEO confirms German expansion for Chase digital bank
The confirmation comes two years after the digital bank launched in the UK.
N26 reportedly cuts 15% of Brazilian workforce
N26 Brazil has laid off around 20 staff, according to local news outlet Estadao.
Germany’s BaFin provides updated order on the prevention of money laundering at N26
N26 will reportedly continue to be restricted to 50,000 new customer acquisitions per month.
Alexander Weber departs as CGO of German challenger N26
Weber is departing the position to pursue his own entrepreneurial journey.
German fintech Moss taps GoCardless to power its UK push
The London-based bank payment company becomes the UK direct debit provider to Moss’ UK expansion.
Solaris raises €38m in funding to strengthen governance and compliance
The company says it will use the funding to strengthen its governance and compliance.
Silvr secures up to €200m credit facility to close European SME funding gap
The new transaction is backed by Citi and Channel Capital, and the initial facility will be for €67 million.
ICYMI fintech funding round-up: Payrails, Griffin and more
Our weekly round-up for you to get the latest fintech funding news, this time from across Europe.
Challenger bank paybox selects core banking system from Avaloq
Austrian digital bank paybox plans to expand across Germany and Southeast Europe.
German mobile tax app Taxfix cuts 120 jobs in restructuring effort
The cuts amount to around 20% of the start-up’s total workforce, according to TechCrunch.
Regnology in talks to acquire French regtech Invoke
The deal will mark the fifth acquisition by Regnology in less than a year.
Tilta taps Mambu to launch embedded purchase lending solution
Tilta’s infrastructure for e-commerce marketplaces allows them to earn a percentage of every transaction.
German insurtech Wefox secures additional $55m equity funding and $55m credit facility
The company raised the new funding at an unchanged valuation of $4.5 billion.
German challenger N26 to cut 71 jobs, around 4% of total workforce
N26 says the cuts are a result of the firm “sharpening its focus on its strategic priorities”.
Germany’s Unstoppable Finance to build Europe’s first DeFi bank
The fintech firm also plans to issue a fiat-backed euro stablecoin.
Deutsche Börse to acquire Denmark’s SimCorp in €3.9bn deal
SimCorp will sit within a newly created investment management solutions segment, Deutsche Börse says.
Allianz reportedly mulls sale of its shares in N26 at a discount
The Financial Times reports Allianz could be looking to sell its 5% stake in the digital bank.
BNP Paribas deploys Worldline solution to tackle SEPA direct debit fraud
BNP Paribas Cash Management will deploy Worldline’s Account Validation solution.
German fintech Raisin lands €60m in Series E funding
With the new investment, Raisin intends to accelerate its growth in the US.
German challenger N26 loses its chief risk officer
Thomas Grosse has quit the firm citing personal reasons. A successor has yet to be named.
Pliant raises $28m in Series A funding
Founded in 2020 and based in Berlin, Pliant offers a B2B credit card platform.
Deutsche Börse inks 10-year strategic partnership deal with Google Cloud
Deutsche Börse will leverage Google Cloud’s capabilities to develop its digital securities platform D7.
JP Morgan reportedly planning German digital bank offering
The launch is set for late 2024 or early 2025, Bloomberg reports.
DekaBank taps Metaco for digital asset custody platform Harmonize
The platform will enable DekaBank to offer custody services for cryptocurrencies and digital securities.
Liberis lands €30m in debt financing from Silicon Valley Bank UK
The funding will support Liberis’ targeted expansion across the Nordics and Europe.
German challenger N26 names Arnd Schwierholz as CFO
Schwierholz, who will assume the role of CFO on 1 February 2023, replaces Jan Kemper.
Commerzbank files lawsuit against EY over €200m Wirecard losses
Commerzbank has filed a suit against the accounting firm in Frankfurt court, Reuters reports.
German AML regtech Hawk AI lands $17m Series B
The round saw participation from investors including Sands Capital, DN Capital, Coalition and BlackFin Capital.
PayPal faces antitrust investigation in Germany
The Bundeskartellamt is investigating “practices possibly foreclosing competitors and restricting price competition”.
ICYMI fintech funding round-up: Ascendant, Evergreen, Kwara, Pilon & more
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Germany’s Gen Z neobank Ruuky files for insolvency
The neobank has assured customers that all their funds are secured and its app is still “fully accessible”.
