Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
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Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 million and making the total it has raised since its founding approximately €402 million.
Berlin-based Smava, a credit comparison platform that offers cheaper loan options to consumers, has raised €57 million from Kreos Capital, along with existing investors Earlybird, Verdane, Vitruvian Partners and Runa Capital. The round includes a mix of capital and growth debt.
Cryptocurrency exchange company Coinbase has announced plans to acquire Tagomi, an advanced cryptocurrency brokerage platform specifically targeted at professionals and institutional investors. Terms of the deal are undisclosed and the acquisition is still pending regulatory approval.
Iceland-born Meniga, a fintech company that provides digital banking solutions to large banks, has raised €8.5 million in strategic investments from French banking group Groupe BPCE, Portugal’s Grupo Crédito Agrícola and long-standing strategic partner UniCredit. Velocity Capital, Industrifonden and Frumtak Ventures also participated in the round.
Here Neil Patel on equity crowdfunding and the future of financing. In 2019 alone, more than $1.2 billion in capital was raised on the public online equity markets, under either SEC Regulation CF or Regulation A+.
European financial institutions are spending between €50-€100 million on Open banking initiatives, with spend exceeding €100 million for nearly half (45%) of 290 financial institutions surveyed by Swedish account aggregator Tink.
Alessandro Ravanetti- Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW. email@example.com
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