Barcelona’s ID Finance raises $50 million in debt to boost its Latin American plans

Barcelona-based fintech company ID Finance has raised $50 million in debt financing from several sources. The round includes $15 million from TransKapitalBank, $3 million from Russian food magnate Vadim Dymov, and contributions from For Bank. ID Finance is a balance sheet lender, which provides credit scoring and digital finance services. It launched in Latin American […]

Fintech startup Pleo raises a further $3.25 million for its seed round

Danish fintech startup Pleo has raised an additional $3.25 million for its seed round, originally announced last year, bringing the total investment to $5.5 million. This round was led by Creandum along with Seedcamp and Founders. The startup, which provides a subscription-based platform for companies to automate expenses, first announced the seed funding round last […]

Klarna to acquire German payments company BillPay for reported £60 million

Swedish e-commerce payments company Klarna is acquiring Germany’s BillPay. Sky News is reporting the deal is worth £60 million. The UK’s Wonga had owned BillPay, another online payments company which operated in Austria, Germany, Switzerland and the Netherlands. “Germany is one of the largest e-commerce markets in the world, and we are delighted to have […]