Tag: Germany

B2B payments company Mondu has extended its Series A funding round by $13m, as it looks to bolster its market growth.

German neobank Ruuky has filed for insolvency, after it was unable to overcome market dynamics and raise additional funding.

secjur, a Hamburg-based provider of an AI-powered compliance automation platform, has scored €5.5m in seed financing.

Berlin-based InsurTech giant wefox has appointed Laura Eschricht as its new chief marketing officer.

Justhome, a next generation home financing startup, has collected €3.3m in its pre-seed round.

Germany is intending to create a new financial crime authority that would seek to bring together several areas under one umbrella, according to Reuters.

Qonto, a European business finance solution, is set to acquire German FinTech Penta over the next few weeks.

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

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.