Berlin fintech company Savedo acquired by Peter Thiel-backed Deposit Solutions

Berlin-based fintech company Savedo has been acquired by Deposit Solutions, an open banking platform backed by Peter Thiel. No terms were disclosed. Deposit Solutions, based in Hamburg, develops a savings infrastructure platform for banks and ZINSPILOT, a savings product for customers. The acquisition of Savedo, a marketplace for savings deposits, will bolster the company’s B2C […]

Fintech startup Cleo secures £2 million in new round of funding

Financial management app Cleo has raised £2 million led by Local Globe’s Robin Klein with participation from Atomico CEO Niklas Zennström and Albion founder Jason Goodman. Launched in January, Cleo uses AI to monitor your bank accounts and manage your money. According to the company, it’s currently managing £400 million in assets where it handles […]

London fintech startup Aire secures $5 million in Series A funding

UK fintech startup Aire has raised $5 million in a Series A round led by Sunstone Capital with participation from White Star Capital. The startup also announced partnerships with online lender Zopa and Toyota Financial Services. The new funding will fuel the startup’s expansion outside of the UK. Aire develops AI-based solutions for carrying out […]