Swedish fintech star Tink makes its third acquisition this year in deal with UK-based OpenWrks

Stockholm, Sweden-based Tink has acquired the ‘Open Banking Aggregation Platform’ from UK-based OpenWrks (via Breakit). After acquiring Instantor and Eurobits earlier this year, Tink notes that this asset purchase and partnership strengthens its connectivity and coverage significantly in a key market for the startup, bringing UK business account aggregation to its customers (later this year). […]

Cachet tech.eu

Tallinn-based Cachet collects over €1 million to cut insurance rates for gig workers and expand in Europe

Estonian insurtech startup Cachet, which has thus far offered financial services to gig workers on ride-hailing platforms, secured €1.1 million in seed funding to expand to other sectors of the sharing economy and into new markets. Led by Icebreaker.vc, the round included previous investors like Techstars, Barclays and Lemonade Stand, plus some angel investors. Cachet’s […]

auxmoney tech.eu

German credit marketplace auxmoney raises €150 million

Auxmoney, a German credit marketplace that claims to be the largest in continental Europe, has raised €150 million in growth capital in a round led by Centerbridge Partners, a private equity firm with a history of taking majority stakes. As part of the deal, the lead investor is buying shares from other existing investors, though […]