Reykjavik-headquartered fintech startup Monerium has raised $2 million in a seed funding round led by Crowberry Capital, with the participation from ConsenSys and Hof Holdings. The company has also applied to become a licensed financial services company in the European Economic Area (EEA). After the registration process is over, Monerium plans to offer fiat money […]
Estonian-founded and London-headquartered fintech company TransferWise has applied for a financial licence and opened a new office in Brussels. In case of a no-deal Brexit, a payment institution licence — something similar to an e-money licence — received in Belgium would ensure that TransferWise would be able to continue operating in the European Union thanks […]
German fintech startup N26 has raised a Series D funding round of $300 million led by Insight Venture Partners, with participation from Singapore’s sovereign wealth fund GIC and existing investors, including Earlybird VC. This round brings the total amount of funding attracted by the company to over $500 million. N26 plans to use the funding […]
Monito, a Lausanne-based startup that helps people find, review and compare over 400 money transfer providers across more than 190 countries, has raised $2.5 million in Series A funding in a round led by Tamedia, Switzerland’s largest private media group. B&Y Venture Partners, Silicon Valley-based serial fintech entrepreneur Alexandre Gonthier and unnamed prior backers also […]
Danish fintech company Spiir, the company behind the eponymous personal finance management app as well as the Nordic API Gateway, has secured €5.2 million in fresh funding. Two of Scandinavia’s largest banks, DNB and Danske Bank, strategically invested jointly in the startup to attempt to building the leading PSD2 infrastructure in the Nordics and make […]
Credit provider TotallyMoney has raised £29 million in funding from prior backer Scottish Equity Partners (SEP) and Elliott Advisors. The company says the investment, which is subject to FCA approval, will be used to further develop its data-driven platform and provide better credit for UK customers, and ramp up customer acquisition. To date, TotallyMoney has […]
The challenger bank Revolut has just become an actual bank by securing a European licence, which it applied for through the Bank of Lithuania. The company plans to start offering protected current accounts, overdrafts, and loans in early 2019. Thanks to the EU’s “bank passport” system, the licence received in Lithuania allows Revolut to offer […]