Deutsche Börse and Commerzbank team up to support DLT firm 360X
German giants support illiquid assets investment platform.
Germany
Penta co-founder Jessica Holzbach exits fintech after four years
She exits “at her own request to seek a new professional challenge”.
SAP spins out financial services operations in deal with Dediq
SAP launches new FSI Unit to deal in financial services, with a 20% stake in it.
Solarisbank among first German fintechs mulling Spac deal
The BaaS provider is aiming for a billion-dollar valuation.
Auxmoney secures €250m in debt financing from Citi and Chenavari
New round tips total raised by auxmoney above $3 billion.
German challenger pockid targeting Gen Z launches this month
Users can either sign up to Neo Beginner, or Neo Pro.
NumberX plans Mastercard for multi-account payments
New linked card service to launch in Germany.
Commerzbank signs five-year Google Cloud deal to migrate banking apps
“Google will now offer the bank a deeper set of platform services”.
SoundCloud exec BianRosa joins N26 as new CPO
BianRosa will lead all product teams for the challenger globally.
N26 loses 300 employees and head of HR in 12 months
The company is now trying to recruit 500 new employees by end of June.
Landesbank Saar signs BearingPoint RegTech for SFTR compliance
Franco-German bank to deploy Abacus/Transactions platform.
Pension builder Vantik signs card partnership with Mastercard
German fintech to issue new debit card for users in 2021.
Penta Bank raises €7.5m in extended Series B funding round
German challenger bank brings total raised this round to €30 million.
United Fintech announces acquisition of German regtech TTMzero
UK scale-up has taken 25% stake with a view to nabbing 80% soon.
BlackRock-backed Scalable Capital closes UK consumer platform
The robo-adviser will focus on growing the business in Germany.
ING rolls out integrated retail cashback service DealWise in Germany
The bank originally planned to launch the integration last year.
New funding for European fintechs Compeon and SESAMm
Germany-based Compeon lands €15 million and France-based SESAMm – €7.5 million.
N26 mulls acquisition despite net losses tripling in 2019
N26’s failed UK expansion cost it a total of €26.9 million.
Founder-focused start-up Remagine nabs €20m in seed investment
Berlin-based firm aims to help “impactful” businesses with a range of products.
Berlin fintech Raisin patents Savings-as-a-Service tech in US
The fintech calls it “an interactive graphical user interface (GUI)”.
N26 lands Zalando’s former financial chief as CFO
The former Zalando chief isn’t the only executive addition in recent months.
Wealthpilot raises €8m to fuel data aggregation push
German wealthtech has raised €14.9 million since 2017.
Wealthtech Elinvar raises €25 million funding
Founded in 2016 in Berlin, Elinvar has “the vision to connect the entire wealth management ecosystem”.
Corporate credit card start-up Moss raises €21 million in Series A
Moss wants to change the way companies track expenses.
ECB hires Claudia Plattner as new IT director
Plattner is CIO for Deutsche Bahn’s IT provider.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
Solarisbank migrates entire infrastructure to AWS cloud
German BaaS provider claims to be first of its kind to make such a move.
Finleap invests in German app aggregating student finance products
German tuition is largely free, making aid for living costs scarce.
Santander to pay €100m for Wirecard’s core European business
The deal means the bank can expand its payment solution across Europe, says Santander’s CEO.
US holding firm Syncapay buys Wirecard’s North America business
Wirecard put the market value of its North American business at €824m.
Major Indian IT firm TCS in talks to buy Deutsche’s Postbank tech unit
Postbank Systems provides IT services to Postbank, which Deutsche bought back in 2010.
Wirecard operations cease in Singapore, MAS slaps down more charges
Wirecard SG needs to return all customer funds within the next two weeks.
N26 snaps up ex-Dropbox exec Adrienne Gormley as new COO
New COO Gormley will head up N26’s global customer service.
German fintech lender Monedo files for bankruptcy
Founded in 2012, Monedo was called Kreditech until earlier this year.
Deutsche and Innopay talk open banking beyond PSD2
FinTech Futures sits down with Deutsche Bank and API consultancy Innopay.
Wirecard’s UK subsidiary WCS confirms Railsbank deal
Update 10/09/2020: An asset purchase agreement with Railsbank subsidiary PayrNet Limited has been signed.
Crealogix signs customer portal deal with German development banks
Due to go live in 2021 with support through to 2031.
Trade Republic launches share savings plan to rival incumbents
It claims to be the first to bring consumers the service for free.
Wirecard sells communication services arm to German start-up IDnow
IDnow will keep the majority of the arm’s 150 employees.
Credit marketplace Auxmoney picks up €150m in new funding round
Existing investor Centerbridge now owns the majority of Auxmoney’s equity.
