German blockchain banking startup Bitwala raises €4 million

German-founded blockchain banking service Bitwala has raised €4 million in funding from the venture capital firms Earlybird and Coparion. Bitwala is a crypto-friendly banking startup that offers its clients bitcoin debit cards, operates a bitcoin wallet service, and facilitates money transfers with SEPA and SWIFT by exchanging cryptocurrencies to more than 20 fiat currencies in […]

Paris-based SME banking startup Qonto raises €20 million

French business banking startup for small and medium enterprises Qonto has raised €20 million in a round led by its existing investors Valar Ventures and Alven with participation from the European Investment Bank Group. Qonto is essentially a “challenger bank” for businesses, from freelancers to small companies. Customers signing up for an account receive a […]

London-founded personal finance management startup Cleo raises $10 million

The UK-based Cleo, a digital finance assistant targeting millennials, has raised $10 million in a round led by Balderton Capital, with participation from LocalGlobe. Founded in 2016, the startup has attracted a total of $15 million and is now set to launch a range of financial products. Cleo’s platform allows users to connect their bank […]

Swedish payment provider Klarna acquires Close Brothers Retail Finance to strengthen its positions in the UK

Swedish-founded fintech scale-up Klarna has acquired Close Brothers Retail Finance (CBRF) from the UK-based merchant banking group Close Brothers. CBRF is a retail financing provider that claims to be working with more than 600 active merchants in the UK, including Samsung Electronics, Mothercare, GAME, Jessops, Ebuyer, Emma Mattress, Cotswold Outdoor, and Victorian Plumbing. CBRF’s financial […]

German loan securitisation startup CrossLend raises €14 million

Berlin-founded B2B fintech startup CrossLend has raised €14 million in a funding round led by Earlybird Venture Capital and ABN AMRO’s Digital Impact Fund (DIF), with participation from solarisBank, Luxembourg Future Fund, and Lakestar. CrossLend has a mission of making the European debt capital market more transparent and efficient by offering securitisation as a service. […]

Belgian invoicing startup POM raises €830,000

Antwerp-based fintech startup POM, which develops payment solutions to simplify invoice processing, has raised €830,000 in new capital. Investors in the financing round include Be Angels and BAN Vlaanderen, as well as existing shareholders including the management of POM and B2BOOST, and business angels Jean-Marc Toussaint and Steve Vantorre. The total capital raised by POM […]