Klarpay obtains banking license, becomes the first Swiss fintech to offer borderless multi-currency accounts to digital businesses

Zug-based Klarpay has obtained its banking license from the Swiss Financial Market Supervisory Authority (FINMA) thereby making them the first licensed fintech in Switzerland that’s focused on delivering all the banking privacy and stability that the alpine country is known for. The company’s founders Martynas Bieliauskas and Mihkel Vitsur have contributed their own capital of […]

Today in European Tech: Fresh funds for Icebreaker and Cusp Capital, FintechOS nabs $60 million, Dott raises $85 million, and more

Hello! Here’s what happened today in European Tech. Deals – There’s a new fund on the block: Meet Cusp Capital (and its €300 million opening). – Micromobility startup Dott with headquarters in Paris and Amsterdam has secured $85 million in a Series B funding round. The capital injection was co-led by Belgium-based Sofina and UK-based […]

FintechOS raises $60 million in Draper Esprit led Series B round

London-based FintechOS has raised $60 million in a Series B round. Led by Draper Esprit, whose previous investments include Revolut and N26, the round also saw participation from existing investors LAUNCHub, Earlybird Digital East, Gapminder Ventures, and OTB Ventures. FintechOS notes that further investors will be announced at a later date. “Incumbent financial services firms […]

London-based fintech Zilch raises $80 million in Series B round

London’s BNPL (buy now, pay later) platform Zilch has raised $80 million in a Series B round. To date, the company has raised a total of $120 million and has a valuation of over $500 million. The round is backed by several investors including Gausee Ventures and M&F Fund. The capital will help fuel Zilch’s […]

London-based fintech Fintern raises £32 million in equity and debt financing

London’s consumer loans provider Fintern has raised £32 million in equity and debt financing from a variety of undisclosed angel investors. Debt financing will be provided by Hamburg-based financier Varengold Bank. This round of funding comes fresh off the back of Fintern’s public launch just last month, and is slated to propel the company’s goal […]

Danish fintech Cardlay secures €8 million, former Mastercard Europe president Javier Perez joins board

Danish white label fintech Cardlay has secured €8 million in financing from newly minted Global PayTech Ventures. As part of the financing, Global PayTech Ventures founder, and former president of Mastercard Europe, Javier Perez, will join the Cardlay board as vice-chairman. The funding is expected to fuel Cardlay’s next phase of expansion and cooperation with […]