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.
Irish Plynk, a money messaging app, has raised €25 million Series A. The round was led by private investment trust, Swiss Privée Ltd.
The German fintech startup Fincompare has raised €2.5 million in seed financing. The investment comes from the VC Speedinvest and Uniqa insurance, both from Austria. Several business angels from Berlin also participated in the round.
The French bank Crédit Mutuel Arkéa has invested €20 million to launch its own fintech startup, Max. The bank wants to use the startup to give customers access to a range of banking and insurance services, personalized financial advice, and other features.
London-based fintech company Zopa, an online lender, has raised £32 million. The investment came from the Indian financial services group Wadhawan Global Capital and Northzone. This brings the total raised by the startup to £80 million.