Tag: Europe

Younited, which offers instant credit in Europe, has raised €60m in a fresh funding round, bringing its valuation to €1.1bn.

It is no secret the economic situation is in a bit of turmoil. People face a cost-of-living crisis and having just recovered from the impact of the pandemic, businesses are once again preparing for a tough market where survival is a priority. SME lending is their saviour. 

FINOM, which offers a mobile-first financial management platform to SMEs and freelancers, has acquired cross-border PayTech Kapaga for an ‘eight figure sum’.

The European Banking Authority (EBA) has published the conclusion of its peer review of how competent authorities supervise institutions’ ICT risk management.

The European Central Bank (ECB) has said EU citizens are unlikely to see a digital euro until 2026 at the earliest as the bank considers further design and distribution considerations.

Central banks in Israel, Norway and Sweden will team with the Bank of International Settlements to explore how CBDCs can be exploited for international retail and remittance payments.

The European Court of Justice (ECJ) has ruled against a German law that requires telecoms companies to retain customer data.

UK-based FinTech giant Revolut is the most searched online banking service in Europe, according to a study by spread betting broker CMC Markets.

Ireland has the highest fraud risk index in Europe with a rating of 7.44, according to research from payment processing information service Merchant Machine.

Germany-based Ride Capital, which aims to democratise wealth structuring, has reportedly raised €3m in funding.