Funding

Payments Provider SumUp Raises €750 Million in Debt Facility

London-based global payments service provider SumUp announced that it has raised a €750 million facility from Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management. The current round was oversubscribed due to high demand from

Read More

Stripe Raises $600 Million in Funding, Pushing Its Valuation To $95 Billion

Stripe, an Irish-American payment processing platform, has raised $600 million (€500 million) during a funding round, pushing its valuation to $95 billion (€80 billion). Primary investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and

Read More

Is a SPAC Approach Plausible for Swiss Companies?

Well, it’s already happening. In the past week, I have heard of 4 Swiss private companies approached by US-listed SPACs interested to acquire them. There may be more such cases in Switzerland by now, but there will definitely be more

Read More

UK Digital Bank Starling Raises £272 Million Funding, Secures Valuation of £1.1 Billion

UK digital bank Starling announced a £272 million (US$ 376 million) Series D funding round led by Fidelity Management & Research Company. The new investment values the company at £1.1 billion (US$ 1.5 billion) pre-money. The funding will be deployed

Read More

Warum in Startups investieren?

Startups nehmen aufgrund ihres innovativen Geschäftsmodells einen grossen Stellenwert in der Eidgenossenschaft ein. Deswegen unterstützen der Bund Innosuisse sowie die ETH Gründer mit Fördergeldern. Doch der Weg ins Förderverfahren ist steinig und kostet Gründern auch im weiteren Verlauf viel Zeit

Read More

Israel Expat Neobank Rewire Raises $20 Million in Series B Funding Round

Rewire, a Tel Aviv-based neobank for migrants, announced a Series B funding round of $20 million led by global crowdfunding platform OurCrowd and also included a line of credit from an unnamed bank. Rewire said that the current round of

Read More

Risikokapital Ökosystem in Europa auf dem Vormarsch – Deutschland wächst Stark

i5invest und das Institut für Entrepreneurship der Wirtschaftsuniverstiät Wien veröffentlichen den European Capital Report 2021 und zeigen, dass sowohl das Venture Capital als auch Private Equity Ökosystem in Europa trotz Covid-19 in den letzten 24 Monaten einen Wachstumsschub verzeichnen. Die

Read More

SPAC Frenzy Comes for Europe’s Fintechs

Bernard Arnault, the chairman of luxury goods group LVMH and Europe’s richest man, is the latest billionaire to embrace the SPAC frenzy, joining hands with global alternative asset management group Tikehau Capital through his investment holding company Financière Agache to

Read More

Sygnum Bank Secures Eight Figure Investment From SBI Digital Asset

Swiss Digital asset bank Sygnum announced that it has secured an eight-figure US$ investment from SBI Digital Asset Holdings, the digital asset umbrella company of SBI Group, as the lead investor of its strategic investment fundraising round. With the completion

Read More

Swiss Fintech Funding Drops 38% in 2020

Swiss fintech companies raised a total of CHF 220.1 million in 2020, a 38% decrease compared the CHF 360.3 million raised in 2019, new data from local startup portal Startupticker.ch show. The decline in fintech fundraising, outlined in the newly

Read More