In a new report titled “FinTech: The Future Post CV-19”, Amsterdam-based Finch Capital predicts a rough road for newcomers, an age of opportunity for agents of digitalisation, and a slow recovery for late-stage funding. Defining “post-crisis” as the fourth quarter of 2020 and beyond, the VC firm forecasts a 12 to 18 month recovery that […]
Klippa, a Dutch company helping businesses digitise their financial documents, has closed a €1.2 million investment from Bizcuit Group, which owns a collection of financial software. The startup intends to use €1 million to accelerate innovation, and the remaining €200,000 to buy out early-stage angel investors. The two sides first came into contact when Bizcuit […]
Bulgarian VC fund New Vision 3 and the Bulgarian American Credit Bank (BACB) have made new investments in two Sofia-based fintech startups. Paynetics, a payment service provider, received €2.5 million; and phyre, an e-wallet platform, received €1.55 million. “Fintech is one of the core market verticals in the investment strategy of our new fund — […]
VoxSmart, a London-based fintech company providing communications surveillance, has landed a £5.5 million Series B investment from UK bank NatWest. Also billed as a telecommunications software company, VoxSmart claims over 100 blue chip financial market customers. The company claims its suite of surveillance services helps financial institutions comply with regulations. The service tracks communications across […]
German business banking startup Penta has raised €18.5 million in the first closing of a fresh funding round backed by new and existing investors, about half a year after securing €8 million. The fintech company has added RTP Global, which has just closed a new $650 million fund, as well as two bank-backed investment firms […]
London-based Payhawk, a paperless corporate card that streamlines expenses, has closed €3 million in seed funding. The round was led by Earlybird’s Digital East Fund with participation from Berlin-based TinyVC, and angel investors in the industry such as Mark Antipof (ex-Chief Commercial Officer at Visa Europe) and Keith Robinson (Chief Strategy Officer at Sage). The […]
Alma, a French fintech startup that facilitates payment plans between merchants and buyers, has raised €12.5 million in capital from French investors Idinvest and ISAI, with an additional €17 million in debt. Founded by Louis Chatriot and Guillaume Desloges in 2017, the Paris-based startup has over 1,000 merchants using its platform. Using Alma, the merchant […]