FinTech News

Swedish retirement robo-advisor Pensionera has raised €1.2m after winning Optimizer Invest’s startup competition. The deal values the company at €8m.

Financial advice app Albert has raised $2.5m in a seed funding round from 500 Startups and 500 Fintech as well as Bessemer Ventures Partners.

French point-of-sale (POS) startup Wynd has picked up €30m in a Series B round of funding. The capital comes from Sodexo Ventures, Orange Digital Ventures and Bpifrance.

German fintech services company figo has raised €6.8m in a Series B round of funding. Investment for the Hamburg-based startup comes from DB1 Ventures.

Payment services provider PayU is bringing on former PayPal senior director Matthias Setzer as global chief commercial officer. He joins the firm having spent 12 years at PayPal.

German wealth management startup Cashboard has raised €3m in a Series A round led by Digital Space Ventures. Investment also came from existing backers.

Early-stage FinTech venture firm Information Venture Partners has raised $106m in for its second fund, exceeding its $100m target.

Swedish payments processor Klarna is acquiring the technology and team behind bankrupt peer-to-peer payments app Cookies. No price is disclosed on the deal.

Beijing-based peer-to-peer business lender iTouzi has scored $36m in a Series B round of funding. The capital comes from Sino Fortune and individual investor is Sun Jiexiao.

Peer-to-peer payments service PayKey has raised $6m in a Series A round of funding co-led by e.ventures and Gaby Salem of Wharton Asset Management.