German fintech startup NDGIT raises €4 million in Series A round

Open banking platform NDGIT has raised €4 million in Series A funding round led by Capnamic Ventures and PROfounders Capital. The Munich-based fintech startup develops APIs for the sharing of financial and customer data in compliance with PSD2 and open banking regulations. Its customers include banks like Hypothekarbank Lenzburg (Switzerland) and Bank für Sozialwirtschaft (Germany). […]

UK fintech firm Revolut raises $250 million at $1.7 billion valuation

Revolut, a digital banking company, has announced a $250 million funding round at a $1.7 billion valuation led by Chinese firm DST Global. Other participants in the Series C round include Index Ventures and Ribbit Capital, bring the fintech company’s total funding to $340 million. The London company develops a mobile-based current account for transferring […]

KissKissBankBank acquires French charity crowdfunder Goodeed

Goodeed, a French charity crowdfunding and donation startup, has been acquired by crowdfunding platform KissKissBankBank. No terms for the deal were announced. Goodeed’s platform generates revenue from video ads and distributes this money to NGOs and charities. According to KissKissBankBank, which was acquired last year by French bank La Banque Postale, the platform will become […]

Automated trading platform AlgoTrader raises €1.1 million

Swiss fintech startup AlgoTrader has raised CHF 1.4 million (€1.1 million) for its automated algorithmic trading platform. The post seed round was led by NeueCapital Partners alongside a number of angel investors. AlgoTrader develops an automated system for analysing securities, assets, and cryptocurrencies. The new funds will be invested in expanding internationally. “We are seeing […]

Eight Roads Ventures launches new $375 million fund to back European companies

VC firm Eight Roads Ventures Europe, the investment division of fund managers Fidelity International, has launched its new $375 million fund to invest in European and Israeli scaleups. Dubbed ERVE III, it is Eight Roads’ third Europe-focused venture fund and will address the increasing demands for funding for growth stage companies, the London-based firm said. […]

Swedish fintech company Trustly acquired by Nordic Capital

Swedish fintech company Trustly has been acquired by Danish fund Nordic Capital. Neither party has officially disclosed any figures but the Financial Times reported that the value is around €700 million. Nordic Capital has bought a majority stake in the fintech company from previous backer Bridgepoint Development Capital in the UK, which was the largest […]

Fintech startup Atom raises £149 million led by Spanish bank BBVA

UK digital bank Atom has raised £149 million led by Spanish financial institution BBVA along with asset manager Tosca Fund. As part of the round, BBVA has invested £85.4 million into the company, bringing its stake to 39%. The Durham-based digital banking startup has now raised £400 million in total. Atom will use the fresh […]