Banking Circle Reports Significant Growth a Year After Securing Its Banking License
Payments specialist Banking Circle reported a significant uplift in payments flow and clients a year after it secured a banking license in Luxembourg. At the end of February 2020, Banking Circle received its Banking License from the Commission de Surveillance
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Visa Teams up With Tala to Drive Crypto Adoption Among the Underbanked
Tala, a digital financial services provider in emerging markets, announced a new partnership with Visa to help underbanked populations participate in the crypto economy. Together with additional partners Circle and the Stellar Development Foundation, Tala will explore opportunities to make
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Bluecode Taps Deutsche Handelsbank’s Former Top Exec as New COO
European mobile payment provider Bluecode has expanded its executive team by hiring Daniel Koller as its new Chief Operating Officer (COO). Koller was formerly the COO for the Deutsche Handelsbank and Klarna Group’s subsidiary Sofort. The 42-year-old Bavarian strengthens the managerial
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Swiss-Singaporean Cybersecurity Firm Acronis Snags $250 Million Investment
Acronis, a cybersecurity firm founded in Singapore and incorporated in Switzerland, announced that it has received more than $250 million in a funding round from CVC Capital Partners VII and other investors. The investment has pushed the company’s valuation at
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Wealthsimple Raises US$ 610 Million, Canadian Celebrities Buy In
Wealthsimple, a Canadian online investment management service focused on millennials, announced that it has raised $610 million (C$750 million) in a funding round. This latest investment has pushed its valuation to about $4 billion (C$5 billion). The round was led by
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Postfinance and Swissquote Set to Officially Kick Off Their Digital Banking App Yuh
PostFinance, the financial services unit of Swiss Post, has partnered with Swissquote will be officially launching their collaborative digital banking app Yuh to the public on 11 May 2021. The project is the result of the joint venture between the
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Adesso Schweiz to Support Hypothekarbank Lenzburg’s Open Banking Ambitions
Consulting and IT service provider adesso Schweiz has entered into a strategic partnership with Hypothekarbank Lenzburg to further develop and market open banking solutions in the Swiss market. Hypothekarbank Lenzburg had added an open interface architecture to Finstar, a core
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New CIO for Swiss Mobile-Payment App TWINT
Swiss mobile payment app TWINT announced the appointment of Simon Wehrli as its Chief Information Officer as well as a member of its Core Executive Board as of 1 May 2021. Simon Wehrli will thus assume responsibility for TWINT’s entire
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German Challenger Bank Vivid Money Secures EUR 60 Million for European Expansion
Berlin-based mobile banking app Vivid Money announced an investment of EUR 60 million, bringing the company’s valuation to EUR 360 million. The Series B round was led by Greenoaks with participation from existing investor Ribbit Capital. The new investment will
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PostFinance to Offer Personal Loans via Fintech Startup bob finance
PostFinance, the financial services unit of Swiss Post, has partnered with Swiss digital lender bob Finance to offer personal loans. This financing solution allows PostFinance to expand its product range and offer a broad customer base access to a personal
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