Klarna secures new investment from Visa to expand into new markets

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 […]

Expense management app Soldo raises $11 million in Series A

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 […]

Digital investment manager Scalable Capital raises €30 million

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.

AimBrain raises £4 million for its biometric authentication platform

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 […]

Klarna obtains full banking licence from Swedish authorities

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 […]