Posts From Fintechnews Switzerland

DocuSign Launches Venture Firm Focused on the Future of Agreements

DocuSign, a US-based e-signature technology provider, has introduced DocuSign Ventures, which will co-invest in as well as partner with companies raising early stage funding to innovate around the agreement process. By staying close to and working with innovative startups, DocuSign

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Facebook Can’t Be Trusted to Manage Cryptos, US Senators Say Following Novi Launch

A number of US lawmakers jointly issued a statement saying that Facebook cannot be trusted to manage cryptocurrency and has urged Mark Zuckerberg to stop the launch of Novi and Diem immediately. Facebook had just announced the pilot launch of

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London Fintech Plum Bags US$14 Million in First Close of Its Series A

London-based money management app Plum announced the first close of its US$14 million Series A round to fuel its expansion plans in Europe. The company also announced a new crowdfunding round opening on Crowdcube later in October. Plum reports that

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Newly Minted Unicorn Zopa Raises £220 Million Led by Softbank Ahead of IPO

Zopa, London-based peer-to-peer lender and digital bank, announced its latest fundraise of £220 million led by Softbank Vision Fund 2 ahead of plans for an initial public offering (IPO) by late 2022 in London. CNBC reports that Zopa is now

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Tala Raises US$145 Million Series E, Plans to Roll Out Crypto Products

Tala, a Californian digital financial services provider in emerging markets, announced that it has secured a US$145 million Series E fundraise led by Upstart with participation from the Stellar Development Foundation. New investors Kindred Ventures and the J. Safra Group also

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Neobank N26 Secures US$900 Million Series E, Now Valued at US$9 Billion

German neobank N26 announced a record-breaking US$900+ million Series E funding round which increases the company’s valuation to more than US$9 billion. The round was led by renowned New York-based tech investors Third Point Ventures and Coatue Management, and joined

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Virtual Debit/Credit Cards Take Off Amid Rising Theft, Digital Shift

Around the world, virtual debit and credit cards are on the rise, a trend brought about by COVID-19. In Switzerland, neobanks, incumbents and card issuers are waking up to the shift, launching new products to address evolving customer demand and

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Revolut Bank Continues Rollout Across Europe; Launches in Austria

UK digital banking unicorn Revolut has started operating as a bank in Austria, marking the 13th country in which it is launching as a licensed specialized bank. Revolut Bank secured a specialized banking license from the Bank of Lithuania in

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6 Fast-Growing Fintech and Blockchain Startups from Zug

Within the Greater Zurich Area, Zug has emerged as a hotspot for fintech startups, home to some of the world largest and most renowned blockchain projects and networks including Ethereum, Cardano and Polkadot. The canton is primarily known for hosting

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Payments Firm SumUp Acquires Fivestars for US$317 Million

SumUp, a London-based global payments service provider, announced the acquisition of Fivestars, America’s commerce network that combines a marketing platform with integrated payments, for US$317 million in a mix of cash and stock. The acquisition will enable both companies to

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