Fintus acquires fellow German fintech Finstreet
The acquisition follows an investment from AnaCap Financial Partners into Fintus.
Germany
Challenger bank N26 sees changes in leadership structure
N26’s CFO and interim COO Jan Kemper has jointly agreed with the bank to step down from his role.
Solaris shakes up management board as it strives for profitability
The move is linked to a new target operating model and the firm’s new CEO, Carsten Höltkemeyer.
Bitcoin Group to buy Germany’s Bankhaus von der Heydt
The deal is expected to close in Q3 2023.
Commerzbank taps Nexi to develop card processing solution
Nexi says the DACH region is an “important potential growth area” for the firm.
SaaS start-up Taktile lands $20m to boost US expansion
The firm claims it has seen “rapid growth” in the US and has tripled its revenues over the last 12 months.
Social trading platform Naga taps TrueLayer for A2A payments
Naga users will be able to top up their accounts using A2A payments authenticated via biometrics.
Solaris CEO to step down in 2023, Carsten Höltkemeyer set to take over
As CEO designate, Höltkemeyer will work alongside current CEO Roland Folz to “orchestrate a smooth transition”.
Global paytech GPS hires Kim Ohlrogge as chief product officer
Ohlrogge, who joins from Germany’s Nexi/Nets Group, has assumed the role with immediate effect.
German challenger N26 partners Bitpanda to offer crypto trading services
The partnership will enable N26 customers to buy and sell almost 200 cryptocurrencies.
Deutsche Bank partners Fiserv to launch SME payments and banking solution Vert
Vert is a payment acceptance and banking services solution for SMEs.
Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
NORD/LB taps Trade Ledger for corporate finance solution
Trade Ledger CEO Martin McCann says the digital solution the firm has developed for NORD/LB is a “world first”.
Hamburg Commercial Bank completes SEPA payments cloud migration
Completed in under 12 months, the implementation follows the migration of HCOB’s international SWIFT payments.
Berlin-based automated accounting platform Candis raises $16m
Candis is an accounts payable (AP) processes automation solution.
FNZ set to acquire German wealthtech provider Diamos
The acquisition will equip FNZ with additional wealth management product and service solutions.
Europe fintech funding round-up: Justhome, Ryft and SageWealth
A fintech funding round-up featuring three start-ups from Europe.
Proptech IMMO hires Hima Mandali as new CTO
Mandali will be responsible for scaling and developing the firm’s platform and products.
Neobank Nuri files for insolvency due to “challenging” market conditions
The Berlin-based neobank says the action will not affect its services, customer funds or investments.
German fintech Serrala hires Hartmut Wagner as CEO
Wagner will take over from current CEO Sven Lindemann on 15 August 2022.
Digital lending platform Auxmoney secures €500m to fund new loans
The financing has been provided by American multinational Citi and French investment bank Natixis.
Deutsche Bank to automate trade document checking with Traydstream partnership
The partnership will boost the bank’s efforts to digitise and automate its documentary trade business.
Danish fintech Ageras buys German neobank Kontist
Ageras co-founder and CEO Rico Andersen says the acquisition is a “critical step” in the company’s growth.
Germany’s Airbank taps Klarna Kosma for open banking platform
Klarna Kosma’s open banking offering will provide Airbank access to an international network of banks.
Santander CIB teams up with SAP to digitise global transaction banking services
The two firms will collaborate to develop “invisible banking” solutions that improve client-to-bank connectivity.
UnitPlus partners Vodeno and Aion for ‘pay-with-portfolio’ ETF solution
Customers can pay with funds drawn directly from their portfolio using the UnitPlus debit card.
French business banking firm Qonto snaps up German fintech Penta
The acquisition is expected to close in the next few weeks.
Digital insurer Wefox raises $400m Series D funding
Funds will be used for product development and expanding across Europe, Asia and the US.
Cross-border salary payments platform Kadmos nets €29m Series A
The new funds will be used to grow its 30-person team and for further product development.
Raisin Bank acquires payments division from Bankhaus August Lenz
The acquisiton, for an undisclosed sum, will be headed up by Bankhaus payments veteran Mirko Siepmann.
GoCardless rolls out two open banking solutions in Germany
GoCardless says: “Open banking is growing rapidly, with 64 million active users projected in Europe by 2024.”
German fintech Upvest raises $42m in Series B round
Upvest says the funds will be used towards building out its investment API, expansion plans and hiring talent.
Airbank raises $20m to build “the most comprehensive global SMB banking solution”
Airbank raises $20m in a Series A funding round led by Molten Ventures.
Mambu supplies core banking tech to Western Union’s new mobile app, WU+
Western Union’s WU+ digital banking app is now live in Germany and Romania.
German wealthtech Trade Republic bags €250m in Series C extension
The extension round is based on a post-money valuation uplift to €5 billion from €4.4 billion.
German neobank Nuri becomes latest firm to announce layoffs
The challenger bank laid off 45 of its employees last month.
German B2B BNPL firm Mondu lands $43m in Series A round
The company has raised $57 million in total funding to date.
Solarisbank appoints new CIO, CTO dual leadership team as firm scales
Solarisbank says the close-knit dual leadership will “master the challenges of a growing tech organisation”.
Nets buys German POS specialist orderbird
Nets is part of European paytech conglomerate Nexi Group, which will own 100% of orderbird.
EMEA funding round-up: Cashew, Stanhope, Elucidate, Spades, Sun Zu Lab & sqft.capital
A handy round-up of the recent funding endeavours of fintech companies across EMEA.
