Fenergo acquires fintech specialist Sentinels
Fenergo, an Irish cloud-based financial software specialist, recently acquired Sentinels. Sentinels operates in the Netherlands and specializes in fintech transactions. The acquisition allows Sentinels to grow and meet customer expectations.
Sentinels' platform detects and stops criminal transa... Read more
Madrid-Based fintech startup “RITMO” hits jackpot with $200m funding
RITMO – a Spanish fintech startup – plans to help eCommerce entrepreneurs and businesses expand rapidly and surmount various supply-chain challenges by offering them capital.
Revenue-based financing startups are gaining strength by offering low-on-cash startups a viable alternative to bank... Read more
Salt Security discovers major API vulnerability in fintech platform
Salt Security discovered a major API vulnerability in a widely used US fintech platform. The identity of the platform is not disclosed. Security researchers gained unauthorised access to potentially steal financial and transactional data.
The vulnerability is categorized as Server-Side Request ... Read more
EU tech unicorns grew at a much faster rate
According to a recent analysis from i5invest, an Austrian IT M&A international consulting and investment organization, European tech companies are pulling ahead in terms of new tech unicorns created.
In 2021, 85 new digital businesses with a capitalization of $1 billion or more were founded ... Read more
Fintech firms in the UK increased their funding sevenfold in 2021
KPMG reveals that financial tech firms in the UK received seven times more investment in 2021 than in 2020. That jump saw the total reach $37.3 billion, representing a bigger fintech investment than Europe, the Middle East, and Africa combined.
The rise was pushed up by 601 deals finalized in th... Read more
€50 million raised by Pennylane to quicken expansion of their financial OS
Pennylane, a French fintech, has raised €50 million to quickly expand their financial OS. It is meant for European accounting firms and SMBs.
The Parisian fintech, Pennylane, might be only two years old but has grown significantly. To further accelerate their growth, they have received over ... Read more
Danish Banking Circle acquires young fintech startup Biller
Denmark's Banking Circle recently acquired Biller, a young Dutch fintech company. The startup offers a platform that allows businesses to make purchases based on invoices.
Biller was founded six months ago. The acquisition provides Banking Circle with a fintech platform for so-called buy-now-pay... Read more
BCB Group bring in $60 million for expansion in Europe
The BCB Group is making strides in the Crypto market and has secured $60 million in funding for its expansion into Europe.
BCB Group is a London-based digital asset technology provider. They recently closed off their series A funding amassing $60 million to expand into the European market.
Th... Read more
France-based Fintech Qonto nears 5 billion dollars valuation
Qonto is close to a 5-billion-dollar net-worth after recent fundraising, signaling the rise of fintech in France.
Qonto, an online bank in France, primarily for SMEs, announced on Tuesday that it raised almost 490 million euros in funding, boosting its overall valuation to approximately 4.5 bill... Read more
Alkami announces IPO, SoftBank investing big in AutoStore
Fintech company Alkami has announced its intention to go public. The company expects to raise 150 million dollars. In other financial news, SoftBank has bought a 40 percent stake in robotics company AutoStore.
Alkami expects its shares to be worth between 22 and 25 dollars each. This corresponds... Read more