Paris-based Fintecture raises $7.5 million in seed financing

Paris-based payment infrastructure provider Fintecture has raised $7.5 million in seed funding. The company is seeking to eliminate the limitations caused by a half-century-old system that was built around multiple intermediaries. The round was led by Target Global with Samaipata and Société Générale participating. Individual investors included operators and founders of Adyen, Affirm, American Express, […]

Parisian automated spend management solution Expensya raises $20 million

Expensya, the Paris-based automated spend management solution for businesses has raised $20 million. The financing was supported by MAIF Avenir and Silicon Badia with existing investors ISAI and Seventure also contributing. The fresh funding is expected to accelerate the company’s R&D efforts as well as increase the headcount, with plans to add over 100 new […]

Brussels-based Isabel Group acquires French cash collection service Clearnox

Brussels-based B2B banking access, identity, payment and invoicing flows provider Isabel Group has acquired Parisian Clearnox. The financials of the deal were not disclosed. With the acquisition of Clearnox, Isabel Group announces its first foreign purchase and is signaling its continued European growth strategy. Previously, the Belgian firm has made forrays into Luxembourg and followed […]

Amsterdam-based neobank bunq reaches €1 billion in user deposits

Amsterdam’s challenger bank bunq has announced that they’ve reached €1 billion in user deposits. This milestone outlines a steep hockey stick curve, with the amount of money deposited by users more than doubling for the second year in a row. 2019 with €433.4 million, 2020 with €837 million deposited. With the rapid growth, bunq is […]

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 […]