Swedish fintech startup Open Payments raises €1.2 million

Exclusive: Stockholm-based open banking startup Open Payments has landed a €1.2 million funding round from Brightly Ventures, Luminar Ventures, and several business angels. The company plans to use the money to expand across the Nordics and, later, Europe. Open Payments has developed a platform that allows third-party developers to access various bank APIs in the […]

Scottish fintech startup The ID Co raises $2 million to help ease the onboarding process

Edinburgh, Scotland-based The ID Co has received $2 million in seed funding from Amadeus Capital Partners, SixThirty and other investors. The startup basically helps businesses in the financial space, e.g. lenders, to onboard their customers by removing friction caused during the application process by the current challenges of risk, compliance, fraud, and regulation. The Scottish […]

Sweden’s Anyfin scores €8 million in funding to help consumers refinance their loans

Swedish fintech company Anyfin has secured €8 million in fresh funding from its existing backers Northzone, Accel and Global Founders Capital. The only new investor in this extension of its Series A round is NYC-based Fintech Collective. Stockholm-based Anyfin essentially enables people to refinance their existing consumer loans, helping them lower their interest rates by […]

Manchester-based secure instant messaging startup Nivo lands £2 million

Nivo, an instant messaging and identity verification platform founded in Manchester, has raised a funding round of £2 million from GP Bullhound, the Angel CoFund, and a syndicate of angel investors. Launched in 2018 as a spin-out of Barclays Bank, the company positions itself as “the fastest, safest way for financial services companies to sign […]

Softbank invests €900 million in Germany’s Wirecard

German digital payments company Wirecard has secured a colossal €900 million in funding from Softbank’s Vision Fund. Structured as a convertible bond, the deal may result in Softbank owning 5.6 percent of Wirecard’s stock after five years. The funding from and the partnership with Softbank will supposedly help Wirecard to expand in Japan and South […]

NPM Capital acquires 35 percent of Dutch fintech startup Ohpen

Dutch private equity firm NPM Capital has acquired a 35 stake in Amsterdam-based fintech startup Ohpen from the company’s first investor Amerborgh for an undisclosed amount. Founded in 2009, Ohpen is a cloud-based banking engine that claims to be “a market leader in the Dutch midsize banking market.” The company plans to extend its offering […]