CB Insights reports on two of Europe's top markets for fintech investment, the UK and Germany; the UK is reporting significant early-stage investment in personal banking platforms and insurtech with insurtech also a top investment in Germany; year-to-date, European fintech companies have raised approximately $2.6 billion with early stage fintech financing in the UK at $202 million and Germany reporting financing of $83 million. Source
ComplyAdvantage, a global data technology company today announced the release of a new Anti-Money Laundering Essentials Guide for Startups.
Fintech Scotland publishes a roadmap to drive innovation in Scottish fintech as part of a response to the Kalifa Review's recommendations for national financial inclusion and connectivity.
Pleo is a European fintech that automates expense reports and simplifies company spending via their smart corporate prepaid cards; today...
UK based Pia, personal investment assistant, is testing their new aggregator platform to help people find the best digital wealth advisor; “We spent time speaking to people who said we need to launch a product that’s far more accessible, interesting and engaging for somebody that doesn’t have a lot of investing experience and don’t know where to start,” said co-founder James Mackonochie to TearSheet; the difference between Pia and a typical aggregator site is they will use an AI powered chatbot to customize the user experience. Source.
Tencent, the Chinese-based tech group, has a new stake in Monzo, which shows a big recovery in Monzo’s fortunes as it’s now valued at $4.5 billion.
Neyber is a UK fintech that allows employees to borrow against their salaries; they started in 2013 and last raised...
The European Commission is developing new legislation that will help fintech companies, in particular crowdfunding sites and online lenders, operate and scale across single market member states; the idea is meant to create a digital single market, removing what some countries add on within their jurisdiction; this move could help propel funding for fintech companies and increase their ability to compete with companies in the US and Asia. Source.
Sweden’s credentials in sustainability and Stockholm’s vibrant fintech ecosystem are converging into a flourishing green fintech market where players are gaining traction and starting to expand globally.
Gen Z financial assistant app Cleo has raised $80 million, pegging its valuation at $500 million, five times that of its December 2020 valuation.