Editor’s note: this is a guest post from venture investor and banker Alan Vaksman, who argues that European banks “slept through” the mobile revolution of the mid-2000s, and if they do not wake up, they will be late boarding the “digital currencies” train to boot. He is confident that in order for banks to quickly […]
Tech.eu catches up with TransferGo CEO Daumantas Dvilinskas to talk digital remittance, growth, and Brexit.
Berlin-based smava, a marketplace for consumer loans, has secured a $65 million investment led by private equity firm Vitruvian Partners. Russian fund Runa Capital also contributed to the round. The platform allows consumers to take out loans online from banks with the company taking a small percentage as its revenue model. The investment will help […]
Belgian startup Yields.io, which develops an AI platform for risk management in the finance sector, has raised €1.25 million led by Volta Ventures with participation from Pamica NV. Yields.io is an automated model monitoring service for the finance sector that identifies risk and errors in firms’ model governance as well as discovering new business opportunities. […]
TransferMate, a payments company based in Dublin, has raised €30 million from Allied Irish Bank (AIB). The minority stake investment, which is awaiting approval from the Central Bank of Ireland, reportedly values the company at €250-€300 million. Alongside the investment, TransferMate has inked a partnership with the bank to provide international payment services for businesses […]
Italian data analytics startup FinScience has raised a seed round of €1 million from a number of angel investors whose names have not been disclosed. Milan-based FinScience, founded earlier this year, is a data analytics platform for the financial sector. Using AI algorithms, the platform collects and analyses large amounts of structured and unstructured data […]
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 […]