TransferWise opens an office and applies for a payment institutions licence in Brussels to avoid service disruption after Brexit

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 […]

Swiss fintech startup Monito scores $2.5 million to help you find the right money transfer service for you

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 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 […]