Germany
Liechtenstein’s LGT Acquires Stake in German Digital Wealth Manager LIQID
LGT, an international private banking and asset management group owned by the Princely House of Liechtenstein, has agreed to acquire a strategic minority stake in the Germany-based digital wealth manager LIQID. In the future, LGT will contribute to the development
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Netcetera, Entersekt Enables Secure Payments With FIDO Authentication for PLUSCARD
PLUSCARD, a full-service processor for numerous card-issuing institutions across Germany, Netcetera, a digital payment solutions provider, and Entersekt, a customer authentication specialist, launched the FIDO-certified alternative to app-based authentication in Europe in June 2021. The solution enables secure online credit card
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IDnow Notches Its Third Acquisition With French Regtech ARIADNEXT
IDnow, a German-based leader in identity verification-as-a-service solutions, announced that it has agreed to acquire ARIADNEXT, a French company specialising in remote identity verification and digital identity creation. With IDnow and ARIADNEXT joining forces, the companies can provide one comprehensive
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German Fintech Deposit Solutions Merges With Rival Raisin to Form Raisin DS
Deposit Solutions and Raisin have announced the completion of their merger to from Raisin DS, servicing banks and consumers on both sides of the Atlantic in the savings and investment market. The merger only needs to be registered in the
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Swiss Spend Management Firm Yokoy Expands Its Footprint to Germany
Swiss fintech Yokoy announced that it has expanded to Germany to offer medium-sized and large companies its spend management solution. A few days ago, Yokoy announced an expansion of its software offering, which the fintech company is now also offering
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German Robo Advisor Scalable Capital Raises €150 Million in Fundraise Led by Tencent
Scalable Capital, a German-based neobroker and digital wealth manager, has raised more than US$180 million (€150 million) in a Series E funding round led by China’s technology company Tencent. This purely primary investment round where existing shareholders participated brings the
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Wefox Bags US$650 Million in Series C Fundraise, Secures Valuation of US$3 Billion
wefox, a Berlin-based digital insurance company, has raised US$650 million for its Series C funding round led by Target Global, resulting in a post-money valuation of US$3 billion. The firm intends to invest the proceeds in strengthening its presence in
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Boerse Stuttgart Digital Appoints Moneyfarm’s Senior Exec to Its Board of Directors
Boerse Stuttgart Digital Holding, Germany’s trading platform for digital assets and the parent company for the digital business of Boerse Stuttgart Group, announced the appointment of Dr Oliver Vins to its board of directors from 1 June 2021 onwards. Dr
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German Neobroker Trade Republic Announces US$900 Million Fundraise
German neobroker Trade Republic announced that it has raised US$900 million in a Series C funding round which pushed its valuation to over US$5 billion at present. The fundraise was led by Sequoia with participation from new investors TCV and
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Swedish Fintech Tink Acquires German Open Banking Counterpart FinTecSystems
Sweden’s open banking platform Tink continues its expansion across Europe with the acquisition of FinTecSystems, a German open banking infrastructure fintech, powering over 150 banks and fintechs in Germany, Austria and Switzerland. The acquisition of FinTecSystems is conditional upon approval
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