ICYMI fintech funding round-up: Groov, Fundcraft, VibePay, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Luxembourg
Mangopay hires Sergi Herrero as new CEO as Romain Mazeries steps down
Herrero previously served as global director for payments and commerce partnerships at Meta.
Robinhood to acquire Bitstamp in $200m deal
Robinhood set to leverage Bitstamp’s 50+ global licenses to fuel its planned expansion.
Banque Raiffeisen selects Worldline for cloud-based instant payments solution
Worldline has been a long-standing partner of Banque Raiffeisen, providing it with a number of payment services.
Banque Internationale à Luxembourg goes live with Temenos’ core banking and payments tech
BIL has actioned a major technology overhaul of its retail, corporate and private banking operations.
ICYMI fintech funding round-up: Fundcraft, Volta, Swypex, SAVR and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Mangopay appoints Meta product lead Ariel Shoham as VP of risk product
The European payment infrastructure provider is seeking to expand its fraud prevention solutions.
Banking Circle appoints Johan Bergqvist as new group CFO
The appointment marks the third time Bergqvist has performed the duties of group CFO.
Luxembourg’s NowCM names Markus Sauerland as new COO and co-CEO
Industry veteran Sauerland will lead the company alongside its founder Robert Koller.
Fund administrator Alter Domus taps Temenos for Multifonds platform
Temenos says its tech will enable the firm to manage “a significant increase in transaction volumes”.
Kneip names ABN Amro Investment Solutions exec Elisa Alonso Sanz as new CEO
Sanz will succeed Enrique Sacau, who has served in the position since 2020.
European Payments Initiative completes acquisitions of iDEAL and Payconiq International
The acquired solutions will boost the development of EPI’s digital wallet Wero, which is launching next year.
Mangopay secures UK EMI licence from the FCA
The authorisation will enable Mangopay to offer its full suite of services to new and existing UK customers.
Luxhub appoints Geoffroy Gailly as new COO to drive open finance in Europe
Gailly has been active in Luxembourg’s financial services industry for the last 25 years.
Clearstream migrates regulatory reporting to Regnology’s Rcloud platform
Rcloud was the result of Regnology’s November 2022 partnership with Google Cloud.
The Bank of London formally submits application for EU banking licence
The firm is setting up a new base in Luxembourg and will invest €200m in the country and across the wider EU.
Clearstream launches new bank in Luxembourg for institutional fund investors
The new entity, named Clearstream Fund Centre, operates under a Luxembourgian commercial banking licence.
FNZ to acquire Luxembourg-based B2B fund platform Ifsam
FNZ says the acquisition will strengthen its client proposition and build out its presence in Luxembourg.
Mangopay appoints Carlos Sanchez Arruti as CFO
Arruti joins from Amazon and brings more than two decades of experience to the role.
Banque de France and Banque centrale du Luxembourg conduct wholesale CBDC test
The test shows “how digital assets can be issued, distributed and settled within the Eurozone in a single day”.
European Investment Bank appoints new group chief digital officer
In her new role, Christie will lead digital transformation, information and technology services for the bank.
Wealthtech FNZ snaps up private banking tech provider New Access
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
New European wealthtech Moniflo launches in beta
Moniflo says it aims to make investing “transparent, affordable, and for everyone”.
Revenue-based lender Bloom bags £300m Series A
The funding will be used to scale its business in Europe and the US.
Bank of China’s Luxembourg arm picks ERI’s Olympic Banking System
The core banking system will be used to support BOC’s custody and clearing business.
Advent International acquires European paytech Mangopay, invests €75m
French banking group Crédit Mutuel Arkéa will remain a minority shareholder in the firm.
ICT Spring goes “beyond frontiers” and unveils a new format for 2022
The event is being hosted on 30 June and 1 July at LuxExpo the Box, Luxembourg.
Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
Rakuten Europe Bank opts for Temenos Banking Cloud
The bank is building on its existing relationship with Temenos to enhance its member experience.
Nordea picks Temenos’ Multifonds for Luxembourg investor servicing activities
The cloud-based implementation will replace multiple on-premise systems.
JP Morgan to acquire majority stake in Volkswagen’s payments business
US banking giant says the deal will expand its digital payment capabilities.
Société Générale revamps private banking in Europe with Azqore
SocGen’s Luxembourg, Monaco, and Swiss locations switching up their tech.
Banking Circle nabs first banking licence from Luxembourg regulators
Banking Circle’s operation centers in the UK, Germany and Denmark will turn into bank branches.
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers
Neobank mitigates Brexit impact with new EU payment licence.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Dubai regulators sign fintech agreement with Luxembourg commission
The two countries build on a previous deal inked in 2007.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Thought Machine deploys Vault core platform at SEB innovation hub
SEB’s studio set to experiment with cloud-based core system
Payconiq raises €20m for mobile payments development
The platform already has over 60,000 merchants in Benelux.
Gardenia Technologies wins the NadiFin accelerator
It takes home a €100,000 investment from MiddleGame Ventures.
