Danish fintech startup Spiir raises €5.2 million from a duo of banks to boost PSD2 infrastructure in the Nordics

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 […]

UK fintech startup TotallyMoney raises £29 million in equity funding to scale its credit marketplace

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 […]

UK-based fintech startup Revolut receives European banking licence

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 […]

London-based payment processing startup Form3 raises $13 million

The UK-founded cloud-based payment-as-a-service processing provider Form3 has raised $13 million from Draper Esprit, with participation from its existing shareholders Barclays Bank, Angel CoFund, and “several individuals.” Form3 claims to have solved the problem of slow payment processing, providing banks and fintech companies with a cloud-based technology that allows for sending and receiving payments in […]

British fintech data startup Banked raises £1.5 million

The UK-based fintech startup Banked that launched earlier this month has raised £1.5 million in a seed funding round led by Backed VC. The company has yet to release its first product to the public but plans to launch it in early 2019. Although the idea of Banked dates back to 2017, the startup was […]

Berlin-based fintech company builder finleap raises €41.5 million

German fintech-focused company builder finleap has raised a €41.5 million funding round led by the Global Voyager Fund, the venture arm of the Chinese insurance giant Ping An. The deal marks Ping An’s first European investment. Finleap is planning to use the money to expand across Europe and grow in the locations where it already […]