London-based fintech startup TrueLayer, which makes it easy to integrate financial services like open banking into any app or website, has raised $25 million in funding from existing investors as an extension of its Series C round, taking its total raised up to $72 million. Truelayer was among the first UK companies to be authorised […]
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). […]
With the help of a €5 million seed round led by Creandum, Paris-based startup Swan is launching its fintech platform that lets any other company offer its own banking services. The funding, which includes capital from French bank Bpifrance, will go to meeting strict financial regulations and acquiring the startup’s first clients. Swan expects to […]
This week, we talk about some of the biggest stories in European tech from the past week, including EQT buying Idealista, funding for Mollie and Klarna, and trans-Atlantic data transfers. Also check out an interview with Pär-Jörgen Pärson, general partner at Northzone.
Estonian startup Mercuryo.io has raised €2.5 million in seed funding with hopes of becoming the Stripe for cryptocurrency payments. The investment was led by Berlin-based Target Global and will fuel an ambition plan to scale across Europe, Africa and Latin America. In addition to offering a multicurrency crypto wallet for everyday consumers, the company has […]
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, 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 […]