FNZ set to acquire German wealthtech provider Diamos
The acquisition will equip FNZ with additional wealth management product and service solutions.
The acquisition will equip FNZ with additional wealth management product and service solutions.
A fintech funding round-up featuring three start-ups from Europe.
Mandali will be responsible for scaling and developing the firm’s platform and products.
The Berlin-based neobank says the action will not affect its services, customer funds or investments.
Wagner will take over from current CEO Sven Lindemann on 15 August 2022.
The financing has been provided by American multinational Citi and French investment bank Natixis.
The partnership will boost the bank’s efforts to digitise and automate its documentary trade business.
Ageras co-founder and CEO Rico Andersen says the acquisition is a “critical step” in the company’s growth.
Klarna Kosma’s open banking offering will provide Airbank access to an international network of banks.
The two firms will collaborate to develop “invisible banking” solutions that improve client-to-bank connectivity.
Customers can pay with funds drawn directly from their portfolio using the UnitPlus debit card.
The acquisition is expected to close in the next few weeks.
Funds will be used for product development and expanding across Europe, Asia and the US.
The new funds will be used to grow its 30-person team and for further product development.
The acquisiton, for an undisclosed sum, will be headed up by Bankhaus payments veteran Mirko Siepmann.
GoCardless says: “Open banking is growing rapidly, with 64 million active users projected in Europe by 2024.”
Upvest says the funds will be used towards building out its investment API, expansion plans and hiring talent.
Airbank raises $20m in a Series A funding round led by Molten Ventures.
Western Union’s WU+ digital banking app is now live in Germany and Romania.
The extension round is based on a post-money valuation uplift to €5 billion from €4.4 billion.
The challenger bank laid off 45 of its employees last month.
The company has raised $57 million in total funding to date.
Solarisbank says the close-knit dual leadership will “master the challenges of a growing tech organisation”.
Nets is part of European paytech conglomerate Nexi Group, which will own 100% of orderbird.
A handy round-up of the recent funding endeavours of fintech companies across EMEA.
The deal is subject to regulatory approvals and is expected to complete in H2 2022.
The round saw participation from Teachers’ Venture Growth, Index Ventures, Valar Ventures, Creandum and Redalpine.
Banking Circle expects more than 20% of e-commerce transactions in Europe will be made via A2A payments by 2023.
GBI will deploy the vendor’s Temenos Banking Cloud solution.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The round was led by Insight Partners and Project A Ventures.
Our weekly fintech round-up for you to get the latest funding news from around the world.
N26 says it takes money laundering “very seriously” and has been scaling up its global AML efforts since last year.
The upcoming SaveStrike app is designed to make spending, saving and investing more straightforward.
The funding from Vitruvian brings Moonfare’s total capital raised to date to $220 million.
Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Vivid Money doubles its valuation in less than a year to €775m.