Deposit Solutions becomes Germany’s second most valuable FinTech unicorn after achieving a $1.1bn valuation
Deutsche Bank has bought a 4.9% stake in open banking startup Deposit Solutions for €50m ($55.2m), making it Germany’s second most valuable FinTech enterprise.
Revolut launches employee expense management tool
FinTech app Revolut has unveiled a new tool for its business customers to empower them to take control of their staff’s expenses.
20 FinTech rounds from last week you can’t afford to be unaware of
FinTech companies, RegTech ventures, InsurTech startups and challenger banks raised money in the last week. This is what you can learn from the 20 FinTech rounds we reported on.
ESMA report underlines need to bolster EMIR data quality
A European Securities and Markets Authority (ESMA) report has found improvements are needed to improve European Markets Infrastructure Regulations (EMIR) data quality.
Minka has raised $3m to source more talent
Latin American FinTech Minka has enjoyed a $3m capital boost in a seed round led by The FinTech Collective. The news about the round comes after the region has enjoyed considerable growth in recent years.
Over 100,000 banking jobs predicted to be lost in next five years to automation
Wells Fargo managing director Mike Mayo has claimed he expects automation to eliminate over 100,000 banking jobs over the next five years.
Even Financial closes $3m strategic investment
Financial services technology developer Even Financial has closed a $3m strategic investment from a group of backers.
What’s next for Sweden’s FinTech ecosystem?
After years of record growth and it briefly being home to Europe's most valuable FinTech, how will Sweden's emerging FinTech ecosystem come out of the Covid-19 pandemic?
GoHenry sets foot in Europe with teen-focussed FinTech PixPay to “make kids smart with...
GoHenry, a UK-based pre-paid debit card provider and financial education app for teens, has acquired French FinTech PixPay.
US-based rent reporting platform, Boom, secures $4.5m in seed funding round
Boom, a rent reporting platform, has successfully garnered $4.5m in a seed funding round. Among the investors in this round were William Hockey and Zach Perret, the co-founders of the financial services company, Plaid.
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