Dutch bank spin-off Cobase banks €10 million from two other banks for its multi-banking solution

Amsterdam-based fintech startup Cobase, spun out of the Dutch financial services group ING after participating in its accelerator program, has secured €10 million in Series A funding to boost the development of its multi-banking platform and further expand its network of commercial partners. Cobase offers a single platform for corporate customers to access all their […]

British-American open banking startup Token raises $16.5 million

Fintech startup Token headquartered in the UK and the US has landed $16.5 million in a funding round from Opera Tech Ventures, the venture arm of BNP Paribas, Octopus Ventures, and EQT Ventures. The startup plans to use the capital to further develop its open banking platform TokenOSTM. As the company puts it, the platform […]

Iceland-founded Meniga acquires Swedish rewards platform startup Wrapp

Meniga, an Iceland-founded company that offers digital and marketing products for banks, has acquired Stockholm-based rewards platform Wrapp. The two companies have been offering a similar product, that is transaction-driven rewards, in Iceland (Meniga) and Sweden and Finland (Wrapp) but will now merge the offering under the Meniga brand. The amount Meniga has paid for Wrapp […]

UK-based fintech startup Revolut receives European banking licence

The challenger bank Revolut has just become an actual bank by securing a European licence, which it applied for through the Bank of Lithuania. The company plans to start offering protected current accounts, overdrafts, and loans in early 2019. Thanks to the EU’s “bank passport” system, the licence received in Lithuania allows Revolut to offer […]

German blockchain banking startup Bitwala raises €4 million

German-founded blockchain banking service Bitwala has raised €4 million in funding from the venture capital firms Earlybird and Coparion. Bitwala is a crypto-friendly banking startup that offers its clients bitcoin debit cards, operates a bitcoin wallet service, and facilitates money transfers with SEPA and SWIFT by exchanging cryptocurrencies to more than 20 fiat currencies in […]