Just over a week after obtaining its full banking licence in Sweden, fintech company Klarna has receiving a fresh investment from Visa. No terms for the deal were revealed but according to a report from Bloomberg, the Swedish company will be issuing new equity and will be targeting new regions for its services. According to […]
Fintech startup Soldo has raised $11 million in a round led by Accel. Connect Ventures, InReach Ventures, U-Start, and R204 Partners also participated. Soldo has launched cloud-based spend management services for both families and businesses. For the latter, the service is based on Mastercard’s network with Soldo’s own software providing expense and spend tracking and […]
Munich and London-based financial robo-advisor Scalable Capital has raised €30 million in financing. The round was led by BlackRock along with existing investors HV Holtzbrinck Ventures and Tengelmann Ventures. As part of the deal, Patrick Olson, BlackRock’s Chief Operating Officer of EMEA, will join Scalable Capital’s board.
Biometric ID platform AimBrain has raised £4 million led by BGF Ventures. The Series A round included Episode1, Entrepreneur First, and angel investors, Simon Rozas, Chris Mairs, and Charles Songhurst. AimBrain’s “biometric identity as a service” platform uses deep learning to track users’ behavioural biometrics such as typing speed, hand movements, touch pressures as well […]
Swedish fintech mainstay Klarna has obtained a full banking licence in Sweden. The approval, effective immediately, was granted by Sweden’s financial supervisory authority, Finansinspektionen. “We are now one of Europe’s largest banks with 60 million customers, 70,000 merchants and working seamlessly across borders,” said Klarna CEO, Sebastian Siemiatkowski. The licence will allow Klarna, which was […]
Orange Digital Ventures, the early stage investment fund of French telco giant Orange, is launching a new €50 million Africa-focused investment program for startups. The investment division, which will be led by a team in Dakar to be set up in September, is dedicated to verticals like fintech, IoT, energy, and e-health. It will invest […]
French blockchain technology startup Stratumn has raised €7 million in Series A funding. The investment comes from Open CNP, the Corporate Venture arm of CNP Assurances, Otium Venture, Nasdaq and Digital Currency Group.