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.
Germany
Yapily to acquire fellow open banking firm finAPI
The deal is subject to regulatory approvals and is expected to complete in H2 2022.
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.
Banking Circle acquires German A2A payments firm SEPAexpress
Banking Circle expects more than 20% of e-commerce transactions in Europe will be made via A2A payments by 2023.
Garanti BBVA International heads to the cloud with Temenos
GBI will deploy the vendor’s Temenos Banking Cloud solution.
FinTech Futures: Top five stories of the week – 8 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
German fintech ExpressGroup lands €25m Series A
The round was led by Insight Partners and Project A Ventures.
ICYMI fintech funding round-up: Gotrade, lemon.markets, Unifimoney & Gaviti
Our weekly fintech round-up for you to get the latest funding news from around the world.
Bank of Italy bans N26 from “undertaking operations with new customers” over AML shortcomings
N26 says it takes money laundering “very seriously” and has been scaling up its global AML efforts since last year.
New German fintech SaveStrike aims to help millennials invest and save
The upcoming SaveStrike app is designed to make spending, saving and investing more straightforward.
Vitruvian partners German fintech start-up Moonfare, invests $35m
The funding from Vitruvian brings Moonfare’s total capital raised to date to $220 million.
Lunar set to acquire Norwegian digital bank Instabank for €132m
Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
ICYMI fintech funding round-up: Mistho, Plurall, Rupifi
Our weekly fintech round-up for you to get the latest funding news from around the world.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
Germany’s Vivid Money raises €100m Series C to turbocharge super-app plans
Vivid Money doubles its valuation in less than a year to €775m.
German software firm SAP to acquire capital management fintech Taulia
Taulia will continue to operate as a standalone company under its own brand.
Digital bank N26 confirms departure of COO Adrienne Gormley
N26 says Gormley has “played an important role” in scaling its operations division.
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.
German fintech start-up Moss secures $86m Series B funding at $573m valuation
The latest cash injection takes the company’s valuation to over €500 million ($573 million).
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.
ICYMI funding round-up: pliant, CreditBook, CIRCA5000, and LiveFlow
Our weekly ‘In Case You Missed It’ funding round-up for you to get the latest funding news.
German fintech re:cap secures $111.5m seed round to launch financing platform
Funding is made up of a combination of growth capital and liquidity for its revenue-based financing platform.
Igor Kuschnir steps down as MD and CFO of Penta
Kuschnir joined Penta in 2017 following stints at Franzen and Company, Citi and Morgan Stanley.
European tax compliance platform Taxdoo lands $64m in Series B funding
Brexit and VAT reform in the EU made 2021 an “eventful year”, says Taxdoo CEO.
ICYMI funding round-up: Novus, Bumper, topi, Toucan, & Raison
With the fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
FairXchange marks United Fintech’s third acquisition in its first year
London company completes busy first 12 months as it builds a capital markets solutions business.
Olivier Vigneron to become Deutsche Bank’s group CRO
Vigneron is rejoining the bank, moving from Natixis, and will take up the role from next June.
Digital bank N26 to withdraw from US in January to focus on Europe
N26 will no longer serve US customers after 11 January 2022.
Standard Chartered taps SAP for SaaS banking connectivity solution
SAP Multi-Bank Connectivity will enhance the transactional banking experience for corporates, the bank says.
Ebury partners Santander to help German SMEs trade globally
The partnership plans to offer a solution that streamlines cross-border trade.
FNZ acquires German commercial bank Fondsdepot
Wealth management vendor plans to build out the bank’s digital capabilities.
Raisin Bank launches BaaS offering on Mambu’s cloud banking platform
German bank claims to be one of the first lenders entirely on the cloud in its home country.
German investing start-up Moonfare raises $125m in Series C round
The platform opens up access to private equity funds for individual investors.
B2B BNPL platform Billie raises $100m in Series C round
Billie claims the funding round is the “world’s largest to date in the B2B BNPL market”.
Neobank FIBR launches to support European SMEs via local lenders
The BaaS firm aims to support post-pandemic growth through nurturing SMEs.
N26 raises $900m in new funding to reach $9bn valuation
German neobank’s value eclipses the market capitalisation of Germany’s second-largest bank.
Airbank picks Yapily to launch major bank API connections
Open banking infrastructure firm to help German cash management company connect users’ accounts.
Sibos 2021: BIAN releases upgraded digital core banking platform
The Coreless Bank platform is designed to help firms modernise their core banking infrastructure.
