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 […]

German digital marketplace Scout24 buys online loan portal Finanzcheck.de for €285 million

Scout24, an operator of digital marketplaces specializing in the real estate and automotive sectors in Germany, is acquiring FINANZCHECK.de, a German online loan comparison portal, for €285 million. FINANZCHECK.de’s platform provides consumers with real-time comparison of consumer loans. With an easy-to-use online query, credit offers and loan-related products from different providers can be compared within […]

London-based TrueLayer scores $7.5 million to help developers build financial apps

London-based startup TrueLayer, which provides financial APIs, has raised a $7.5 million Series B funding round. The investment was led by the venture capital fund Northzone, with participation from existing investors Connect and Anthemis. Truelayer provides an interface for developers to create financial services and applications. Since launching in 2016, TrueLayer has secured a series […]

Danish fintech startup Pleo scores $16 million from Kinnevik and others for its ‘smart company cards’

Copenhagen and London-based fintech company Pleo has landed $16 million in a Series A financing round led by Kinnevik and joined by Creandum, the Founders startup studio, Seedcamp and Vækstfonden. Pleo’s solution combines smart payment cards that can easily be assigned to employees with individually set limits with software and mobile apps to automatically match […]

Klarna acquires German fintech startup Shop.co

More news from Sweden’s fintech stars (after PayPal bought iZettle for $2.2 billion) as Klarna has acquired a small German startup that aims to ‘simplify online shopping’. According to t3n and Deutsche Startups, Klarna has acquired Düsseldorf-based Shop.co, which offers a free ‘Universal Cart’ browser extension that allows online shoppers to purchase from their favourite […]