Tagged: europe

Fintech Investments in Ireland Declined Considerably Last Year – Report

2023 was a challenging year for the Irish FinTech market, with investments and transactions reaching $60.83 million across 11 deals; this was a significant decrease (94 percent) compared to last year, where investments and transactions totaled over $1 billion across 22 deals, according to the… Read More

Euroclear to Acquire Stake in IZNES, a Funds Marketplace Leveraging Blockchain Tech

Euroclear and IZNES announce that Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology. The transaction will be subject “to customary closing conditions and regulatory approvals. Financial terms will not be disclosed.” Established in 2017, IZNES is a regulated… Read More

UK’s NatWest Group Announces £5B Housing Sector Lending Initiative

NatWest Group has announced a new package of targeted lending and support for UK social housing, aimed at supporting local housing authorities and homeowners alike in the face of ongoing economic pressures. Through a new ambition of £5billion of lending (New funding gross of repayments… Read More

Danske Bank Reportedly Invests in Cloud Tech and Enters Agreement with AWS

Danske Bank signs a multiyear agreement with Amazon Web Services (AWS). As part of our Forward’ 28 strategy, they are offering customers new digital solutions, more self-service options, and easy and quick access to daily banking needs, while becoming a more efficient bank.” Additional investments… Read More

Zurich Insurance and Pemberton to Launch Private Debt ELTIF, Providing Clients with Access to Private Markets

Zurich Insurance Group has announced the launch of its first European Long-Term Investment Fund (ELTIF 2.01), aimed at providing individual investors and life insurance customers with access to opportunities in the asset class of private debt, “traditionally only available to professional investors.” The Fund is… Read More

Switzerland: SIX Announces Investment in BITA, Expands Indexing and Tech Partnership

SIX, the global financial information provider, and BITA, a provider of indexing technology and services, announced that SIX has made a strategic investment in BITA to strengthen a series of existing joint projects and accelerate the expansion of SIX’s global benchmark platform. Existing BITA shareholders,… Read More

Trustly and MoneyGram International Introduce Cardless Payments for Clients Across Europe

Trustly, a global firm focused on innovative payment solutions, announced a partnership with MoneyGram International, Inc., a financial technology company that connects the world’s communities. Through this strategic alliance, MoneyGram introduces cardless payments for millions of its users across Europe. When sending international money transfers… Read More

British Business Bank Introduces Northern Powerhouse Investment Fund II

The British Business Bank has launched its new Northern Powerhouse Investment Fund II, a £660m fund set to cover the entire North of England. The Northern Powerhouse Investment Fund II (NPIF II), aims to “build on the success of the initial fund, with the purpose… Read More

Estateguru Reports €7.8M in Loan Repayments and €0.1M from Recovered Loans in February

Estateguru has shared its latest Loan Portfolio Overview for the month of February 2024. Estateguru says that they “saw €7.8M in loan repayments in February, with an additional €0.1M from recovered loans.” Estateguru further noted that they “saw €7.8M in loan repayments in February, with… Read More

CoinShares Announces Completion of Acquisition of Valkyrie Funds

CoinShares International Limited (Nasdaq Stockholm: CS), the European investment company specializing in digital assets, announced the completion of its acquisition of Valkyrie Funds LLC, the investment advisory business of Valkyrie Investments Inc., as well as the Sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed… Read More

HeavyFinance Is Reportedly Raising a €50 Million Fund

HeavyFinance is raising €50 million for a private credit fund that will support European agricultural small and medium-sized businesses (SMEs) with tailor-made finance. The funding will be available to finance solutions “to advance the decarbonization of agriculture in Bulgaria, Latvia, Lithuania, Poland and Portugal.” EIF… Read More

Real Estate Developer and PeerBerry Partner Lithome Repaid Investors a €600K Loan

PeerBerry’s business partner – real estate developer Lithome – repaid investors a €600 000 loan (real estate project “Marijampolės 5”) and paid their investors €57 405 in interest. Today, Gofingo Group repaid PeerBerry investors €200 000 in war-affected loans. These repayments are being “processed on… Read More

Digital Bank N26 to Offer Up to 4% Interest on Deposits in New Markets

N26 has reportedly launched Instant Savings in 13 new markets, offering customers up to 4% interest on deposits. Digital bank N26 recently confirmed in a blog post “the launch of its Instant Savings accounts in a further 13 markets across Europe.” From now onwards, customers… Read More

Netherlands based D2X, a Crypto Derivatives Exchange, Reports New Funding

D2X, a Netherlands-based crypto derivatives exchange for institutions, has secured a $10 million Series A led by Point72 Ventures. Other participants in the investment round “included GSR Markets and existing investors Tioga Capital, Fortino Capital, Jabre Capital Partners, Picus Capital, and TRGC.” The investment comes… Read More

Payments Firm Worldline Italia and Cassa Centrale Group Consider Launching Business Partnership

Worldline [Euronext: WLN], a global enabler of payments services, has been chosen by the Cassa Centrale Group to pursue exclusive negotiations for a long-term partnership in the acquiring world. The collaboration involves the provision of services “along the value chain of digital payment acceptance and… Read More

Switzerland: Levenue Acquires Fintech MidFunder

Levenue, a revenue-based financing company, has acquired MidFunder, a Zurich-based Fintech that provides financing for companies with recurring revenue. The acquisition marks a strategic move to enhance its Swiss operations. As entrepreneurs and early-stage investors, Patrick Frei, Founder of MidFunder, and Pascal Schumperli, Co-Founder, identified… Read More

European Banking Authority Releases Regulatory Technical Standards for Addressing Complaints Related to Asset Reference Tokens

EU coins money Europe

The European Banking Authority (EBA) published the final draft Regulatory Technical Standards (RTS) that set out the requirements, templates, and procedures for handling complaints received by issuers of asset reference tokens (ARTs). The draft RTS fulfilled a mandate conferred “on the EBA in the Markets… Read More

Fintech Tide to Launch in Germany

Tide, the UK’s business financial platform, is to launch in Germany, with the country becoming Tide’s second market outside of the UK, following the successful start of its operations in India in 2022. In the UK, Tide offers small businesses “that don’t have a finance… Read More

Fintech Nexi and Mastercard to Enhance Open Banking Payments Across Europe

Nexi and Mastercard (NYSE: MA) have teamed up to advance Open Banking Payments Across Europe. Mastercard’s open banking technology to “enable more choice and power seamless, secure digital payments across Europe in partnership with Nexi.” Nexi has chosen Mastercard as its strategic partner “across Europe… Read More

UK Fintech Wise Could Be Benefitting Considerably From Higher Interest Rates, According to Industry Analyst

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

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