Category : News

Solarisbank Reaches Unicorn Status With EUR 190 Million Series D Funding

Berlin-based Banking-as-a-Service (BaaS) platform Solarisbank has raised EUR 290 million in an oversubscribed Series D funding round, clinching the coveted unison status with a valuation of € 1.4 billion. The funding was led by Switzerland-based Dec...

2021, a Tipping Point for Digital Asset Adoption in Switzerland

2021 was the tipping point for the acceptance of cryptocurrencies and digital assets in Switzerland. Investors entered the space at a rapid pace and client demand became simply too large to brush aside. Meanwhile, financial institutions started activ...

Swiss Marketplace Lending Volume Surged 42.5% to CHF 15.4 Billion in 2020

In 2020, the total volume of new debt capital brokered through online platform in Switzerland grew 42.5% to CHF 15.4 billion. This represents a 183% increase from 2017 during which total volume of marketplace lending in Switzerland totaled CHF 5.4 bi...

Top 12 Global Neobanking Influencers in 2021

From retail and telecommunications to construction and transport, numerous sectors are currently experiencing disruption and digital transformation. This trend has been further accelerated by the global pandemic that forced people to adopt digital se...

Report: 53% of Global Population Set To Embrace Digital Banking By 2026

With the pandemic accelerating digital adoption across the globe, the popularity of digital banking has soared through the roof. Around 35% of customers adopted online banking, with 30% specifically increasing their use of mobile banking, since COVID...

UK Fintech Soldo Raises US$180 Million in Series C Funding Round Led by Temasek

Soldo, a London-based business expense automation platform, announced that it has closed a US$180 million oversubscribed Series C funding round. The fundraise was led by Temasek, a leading global investor headquartered in Singapore. The round include...

Remote Becomes Unicorn With $150 Million Series B Funding

When the global pandemic struck last year, millions of people transitioned from working in physical offices to working from home, within the span of a few weeks. Physical meetings turned to video calls and break-time interactions moved to online mess...

Nassim Taleb Now Calls Bitcoin Worthless, Too Volatile to be a Useful Currency or Store of Value

Not only does bitcoin fail to satisfy the notion of being a currency without a government, but the cryptocurrency is also not a reliable inflation hedge nor a safe haven investment, Nassim Nicholas Taleb, a probability researcher and former quantitat...

Singaporean Insurtech bolttech Plots Europe Expansion With Acquisition of i-surance AG

Singaporean insurtech firm bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Switzerland. The acquisition of i-surance extends bolttech’s global footprint from 14 to 26 markets across North Amer...

Visa To Acquire UK Payments Startup Currencycloud

Visa has signed a definitive agreement to acquire London-based payments startup Currencycloud, Visa announced today. The acquisition builds on an existing strategic partnership between the two companies. Visa had led an $80 million investment round f...

Glarner Kantonalbank bringt eine Online-Freizügigkeitslösung

Mit freeME bringt die Glarner Kantonalbank eine kostengünstige Freizügigkeitslösung auf den Markt, die komplett online ausgerichtet ist. Damit schliesst die Bank einmal mehr mit einer innovativen Plattform eine Lücke im Digital Banking. freeME heisst...

Fintech Takes Lion’s Share in Q2 2021 Swiss VC Funding

Out of the CHF 1.4 billion raised by Swiss startups in Q2 2021, CHF 677 million, or nearly half of that sum, went towards fintech companies, according to a new report by Startup.ch, Switzerland’s largest startup directory and a leading news platform....

Revolut Forays Into the Travel Sector in a Bid to Become a Superapp

London-headquartered fintech giant Revolut is betting on the rebound of the travel sector. The company launched a new feature called Stays, that allows users to book hotels and other accommodation through the app. With its premium plans, Revolut̵...

Julius Baer Taps Wecan Comply’s Blockchain-Based Compliance Platform

Swiss wealth management group Julius Baer has formed a partnership with Wecan Comply, a blockchain-based compliance platform for private banks and external asset managers. Wecan Comply’s solution helps prevent compliance and administrative work...

Open Banking Fintech Yapily Raises US$51 Million in Series B Fundraise

Yapily, a London-based open banking infrastructure provider, announced the first closing of its US$51 million Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital and Latitude also participated in the round. With t...