Tag: Germany

The WealthTech market continues to grow at a rapid rate. The wealth management platform market is expected to grow at a 13.8% CAGR to reach $9.18bn by 2028, according to research from Insight Partners. The value of the market in 2021 was $3.71bn.

Berlin-based InsurTech company wefox has closed its Series D funding round on $400m, bringing its valuation to $4.5bn.

Open banking maturity is growing across Europe, with the UK leading the charge for the second consecutive year, research from Yapily claims.

Germany-based investment API developer Upvest has reportedly collected $42m in its Series B funding round.

Canada-based quantum-safe cybersecurity product developer evolutionQ has raised $5.5m in its Series A funding round.

German neobroker Trade Republic has closed a €250m Series C extension round, which puts its valuation at €5bn (up from €4.4bn).

German buy now, pay later platform Mondu has scored $43m in its Series A funding round, which was led by seasoned FinTech investor Valar Ventures.

MarketFinance, which working capital offers UK SMES, has received a £100m debt line from Deutsche Bank to help more SMEs access working capital.

InsurTech unicorn Tractable has established a German subsidiary to expand its businesses in the country.

German FinTech company Moojo has reportedly raised $2m in its pre-seed funding round.