Funding

Baloise and UBS Increase Their Stake in Proptech Houzy

Swiss insurtech Baloise and UBS have increased their stake in Houzy, a proptech startup which supports owners of houses and apartments with their property-related needs. Both Baloise and UBS invested in Houzy at an early stage and this announcement emphasises

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Splint Invest sichert sich 500’000 Franken in der «Die Höhle der Löwen»

Das Zuger Wealhtech-Startup Splint Invest konnte sich bei der Schweizer Ausgabe von «Die Höhle der Löwen» ein Investment von 500’000 Franken sichern. Mit der gleichnamigen App ermöglicht das Team rund um die Solothurner Gründer Mario von Bergen, Robin Muster und

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neon Raises CHF 11 Million From Institutional and Crowdfunding Investors

Swiss neobank neon has closed last week a  CHF 11 million financing round from existing investors and some 5,000 investors through its crowdfunding campaign. Investors in the crowdfunding campaign which ran from October 24 to 31 invested at an average

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Climate Fintech Funding Soars, Totaling US$1.8B in H1 2022

CommerzVentures, the corporate venture capital (CVC) arm of Commerzbank in Germany, has released its latest report on climate fintech, sharing findings of an analysis of 528 climate fintech startups across Europe and the US with scalable business models to provide

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Digital Accounting Startup Numarics to Raise Seed Funding in Q4 2022

Swiss digital accounting startup Numarics is raising a seed round in the fourth quarter of 2022 following its previous CHF 2.1 million pre-seed financing round led by Wingman Ventures in April 2022. Numarics processes accounting and business administration automation through

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Bilt Rewards Hits US$1.5B Valuation With US$150M Round Led by Left Lane Capital

Bilt Rewards, a rewards programme for renters, has raised US$150 million at a US$1.5 billion valuation. The round was led by Left Lane Capital, with Smash Capital, Wells Fargo, Greystar, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures participating. Launched

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Global Fintech Funding Continues to Decline; Drops 38% QoQ

Fintech funding continued to slide in Q3 2022, dropping 38% quarter-over-quarter (QoQ) to US$12.9 billion. The sum makes Q3 2022 the sector’s weakest quarter since Q4 2020 and brings the total raised by fintech companies so far this year to

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Wise Closes £300M Syndicated Debt Facility Led by Silicon Valley Bank UK

London-based global remittance firm Wise has closed a £300 million capital facility in a financing round led by Silicon Valley Bank UK, with six other banks participating. The syndicated facility, which was arranged by the bank’s corporate finance team, has

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European Fintech Growth Cools Down

After a decade of growth, the European fintech ecosystem is entering a period of cooling and consolidation reflected by a dropping number of new fintech companies being founded, decreasing funding activity and a decline in exit deals, a new report

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neon’s Crowdfunding Campaign Reaches CHF 5 Million on Its First Day

Swiss neobank neon’s crowdfunding campaign reached CHF 5 million of its CHF 10 million target with more than 2,000 investors participating on the first day of the campaign. The campaign, which runs from October 25 to 31, is offering two

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