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, […]
Tel Aviv-based paid time off cash-out solution Sorbet has raised $6 million in an effort to balance the books; for both employees and CFO’s and accountants. The round was led by Viola Ventures and saw participation from Global Founders Capital and Meron Capital. “Sorbet’s first of its kind solution is a true breakthrough in managing […]
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 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’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 […]
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 […]
Company payments and expense management firm Payhawk has closed a $20 million Series A round, almost one year to date after a $3.6 million seed round. The financing round was led by QED, a US-based fund that has invested in 18 fintech unicorns including Klarna and Nubank, with existing investor Earlybird Digital East following on. […]