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  • @fintechna 12:18 pm on September 3, 2017 Permalink | Reply
    Tags: , Europe, , , Highest, , , ,   

    Payment Service Provider Klarna is Highest Funded Fintech in Europe 

    E-commerce , is the company in , according to a new report released by CB Insights. The report, released earlier this week, lists the top highest funded fintech companies in Europe. The list is topped by Klarna, which received  $ 598 million in funding from, among others, Visa and U.S. [&;]
    Bank Innovation

     
  • @fintechna 1:26 pm on March 13, 2017 Permalink | Reply
    Tags: , , BLender, , Europe, , Lithuania, ,   

    BLender Secures E-Money License in Lithuania, Paving Way to Europe 

    SAN JOSE, Calif. &; , an Israel-based lending platform, secured an e-money from Central Bank of the Republic of last month. Since Lithuania is a member of the European Union, the license applies to the other 27 EU member states. “We are currently active in Italy, Israel and Lithuania, and are planning to [&;]
    Bank Innovation

     
  • @fintechna 12:18 am on February 23, 2017 Permalink | Reply
    Tags: , Europe, Offered, , Surprising   

    14 Surprising Services Offered at Banks in Europe 

    We will not argue about whose banking system is the best in the world. There are different factors to consider for each market, so that it is difficult to establish a ranking. (In addition, it would be a boring task.) But consider the following question. Given the present rate ofRead More
    Bank Innovation

     
  • @fintechna 12:18 am on February 8, 2017 Permalink | Reply
    Tags: , , , Europe, , ,   

    7 Startups From Finovate Europe That Got Our Attention 

    Forty fintechs, big and small, demoed at &;s opening day of demos in London this year. wealth management to chatbots and online ID providers &; there are a lot of companies to choose from. Here&8217;s our take on who stood out from the bunch. (The full list ofRead More
    Bank Innovation

     
  • @fintechna 7:35 pm on December 30, 2016 Permalink | Reply
    Tags: alternative lending, , , Europe, ,   

    Europe 2017: Key Trends to Watch in Alternative Lending. Interdependence and collaboration. 

    Europe 2017: Key Trends to Watch in Alternative Lending. Interdependence and collaboration. fintech

     

    Connectivity and interdependence have increased in most industries, including financial services in the last decade. In the wave of digital transformation, new business models are born.

    From the crisis of 2008 to date, EUR 19 billion has been invested in companies (CB Insight, 2016) with hundreds of them newly founded. Though this number may not seem very high in the context of the balance sheets of the entire financial sector (EUR 28 trillion) or the recent fines some needed to pay, there are many aspects that are clearly changing in the landscape of financial services. Customer expectations drive changes in business models. New partnerships as well as methods of connecting borrowers and lenders are born.

    Herein I provide my reflection on recent trends and highlight some key predictions for 2017 in the landscape in .

    1)    Banks will continue to shrink their Balance Sheets and will invest in new business models and partnerships

    Europe relies heavily on banks. Therefore, in order to assess the lending ecosystem, I always start with what is going on with the banks. Banks have been shrinking their balance sheets since the crisis. In 2008, the total assets of banks in the Euro region stood at EUR 33 trillion and declined to EUR 28 trillion by 2015 (ECB, 2016). Just to put this number into context, the decline is higher than the combined balanced sheet of five major banks (Rabobank, ING, ABNAMRO, Deutsche Bank and Unicredit) as of June 30, 2016.

    Europe 2017: Key Trends to Watch in Alternative Lending. Interdependence and collaboration. fintech

    In terms of profitability, it did not really improve this year. Interest rates continued to be low, capital requirements became harder, compliance rules and penalties remain harsh.

    The first 6 months of financials in 2016 indicate declining trends in many aspects, including revenue and deposits. The net interest margin of the Top 10 listed banks in the sector further reduced to below 1.5%, which is structurally lower than in the US. Return on equity was 5.8%, which remains below the cost of capital, estimated to be around 9%. The prolonged low profitability is very challenging, especially as it coincided with a low equity base and increasing capital requirements.

    Regarding outlook, the quantitative easing program is being extended so any interest rate hike is pushed well into the future. This environment forces banks to be more efficient with all of their key resources: people, branch network, system and their balance sheet. In practice, this implies closing down branch offices, reduction of headcount, further consolidation and tighter balance sheet management. Since the peak of 2008 till 2016, more than 350,000 jobs disappeared. This seems high, but between 2000 and 2008, almost 1 million jobs had been added to the sector. In this context, there might be still potential for job cuts. (The figures are based on listed banks representing approximately 80% of the total assets of the European sector.)

    Europe 2017: Key Trends to Watch in Alternative Lending. Interdependence and collaboration. fintech

    In order to create operational leverage of their business origination capacity, banks are likely to rely on future partnerships.

    Banks will further explore alternative lending avenues and strengthen cooperation with institutional investors and Fintech companies. This creates new attractive opportunities for investors or potential partners that may have limited business origination or risk management capabilities but offer balance sheet capacity or more efficient business execution.

     2)    Political support to alternative lending will strengthen

    The funding needs of the European economy remains larger than ever. The sentiment that Europe in terms of economic growth is lagging behind the USA seems more widespread than ever. The need for a more diversified funding source in Europe is more urgent than ever.

    I see strong evidence that the conviction among key decision and policy makers in Europe is leaning towards increased lending via alternative sources. Over-reliance on banks made us too vulnerable and constrained our economic development and we need to increase resilience via diversifying funding sources towards the European economy.

    This vulnerability of Europe is clearly illustrated by the Basel IV debate in recent months. The proposed legislations, which had been discussed in Santiago some weeks ago, favor a regime shift towards a less risk-based approach for credit risk. These would need to be aligned and inserted in capital requirements of European banks (Capital Directive) with very significant potential impact on the economy, including mortgage lending. Proposals to increase capital requirements for lower risk-weight portfolios, such as mortgage loans are disproportionately hitting European banks (Fitch, 2016).

    As the European banking system finances about 75% of the economy, the potential adverse impacts are a lot higher. In contrast, only 25% of the US economy is financed by banks. It is largely capital market-based and long-term residential property risks are covered by government agencies (Fannie Mae and Freddie Mac). This diversification enables the US banks to operate with lighter balance sheets and any new legislation has less impact. 

    European banks are more sensitive to any regime shift and could be forced to decrease their direct lending to corporations and households. More importantly, any of these adverse changes in lending capacity has a direct impact on the economy. They understandably issued a strong pushback on the proposal.

    This illustrates profound vulnerability. As Olivier Guersent, DG for Financial Stability, Financial Services and Capital Market Union at EU pointed out this month, “We have to set the rate of retention in securitization market to make sure that there is a market. Legislations are no use if there is no market anymore.”

    I believe our policy makers in Europe will become more articulate about the need for a diversification of funding sources.

    This implies a stronger push for support for developing alternative lending channels, securitization market and capital market union initiatives. There is also likely to be more scrutiny and consequently, regulation to ensure consistency and a more level playing field between risks of banks and non-banks and transparency to investors about risks they are taking.

    3)    Institutional investors will show increasing acceptance to alternative fixed income products (e.g. private debt)

    The search for yield remains a key theme in a low-return, volatile environment. Those who can deal with and accept the illiquid nature of the asset class will find a safe haven in private debt. These assets have limited liquidity and mark-to-market pricing; consequently, they “look and feel” stable.

    Institutional investors (insurance companies, pension funds, etc.) are inherently more suited to participate in funding the economy because they capture a large percentage of long-term savings. However, the infrastructure to facilitate this remains mostly at the banks and the investments need to be channeled via capital markets and partnerships. The growth of partnerships has been painstakingly slow. There needs to be significant education and convincing done also at supervisory board level at these institutions.

    Last but not least, investors seem to have high return expectations from private debt instruments that need to be managed. At the moment, a high percentage of investments are going to the highest risk basket in private debt (e.g., direct lending with return exceptions of 6-10%). The potential private debt universe is a lot larger than lending at 6-10% to sub-investment-grade companies. European banks have about 1.5% net interest margin and lend at an average interest rate of 2.5%. The bulk of the traditional banking products are safer assets and can be an excellent alternative to traditional fixed income products. Some of these new assets classes (like Dutch mortgages) has been favored by many institutional investors recently and a lot of similar product initiatives are likely to come.

    4)    Fintech: Getting more mature, more regulated with new collaborations

    Many companies were formed with a mission to implement a new business model in the financial services industry. 2017 is likely to be an important year for Fintech when many of these business models will be tested on their ability to scale and operate under increasing regulatory scrutiny. The market will understand the significant differences between certain sub-segments of Fintech companies. Payments and services are likely to cause the most disruption and we will see further diversification of deposits payments from retail clients.

    Some new companies will simply run out of money to support their business model. The market is likely to test the real value contribution of “smart algorithms”. With increased interdependence, potential defaults will have negative impact on others in the sector.  Fintech companies will further recognize the importance of operating in a regulated environment in order to build trust and scale their business model. Regulations above a certain size is inevitable and unfortunately, extremely costly (systems, KYC, compliance and risk management costs). In contrasts, risk management and compliance are core competencies of banks and the associated costs are already inherent.

    Rather than perceiving Fintech companies as competitors, financial services companies will be reviewing avenues to develop collaboration models for mutual benefit and assess to what extent they can incorporate innovative business ideas in their incumbent setup.

    Many financial services companies (e.g., BBVA, Santander, Goldman Sachs, JP Morgan) have established incubation centers, dedicated VC activities and M&A departments to capture on the most interesting opportunities.

    A recent survey conducted by Roland Berger confirms that over 85% of Fintech companies anticipate stronger cooperation with incumbents. The most important reason mentioned was the access to a stronger customer base.

    The power of this approach is to ensure that business or product innovation can be scaled up in a regulated environment, create a mode of comfort and eventually generate a critical mass.

    Companies on different sides (banks, investors, Fintech companies) will have to realize that a collaborative approach is a very powerful way not just to overcome the challenges they face but to thrive.


    is Head of Alternative Credit – NN Investment Partners and this article was originally published here.

     
  • @fintechna 3:35 pm on December 7, 2016 Permalink | Reply
    Tags: , , , , , , , , Europe, , , ,   

    European Commission Gives Boost To Startups In Europe 

    The &;s Start-up and Scale-up Initiative aims to give &8217;s many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment,insolvency law and taxation

    There is no lack of innovative ideas and entrepreneurial spirit in Europe. But many new firms don&8217;t make it beyond the critical first few years, or they try their luck in a third country instead of tapping intothe EU&8217;s potential 500 million customer base. The European Commission is determined to change that and help start-ups deliver their full innovation and job creation potential.

    European Commission Gives Boost To Startups In Europe fintech

    Via Pixabay

    Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: &;Today&8217;s local start-ups could become tomorrow&8217;s global success stories. We want to help start-ups stay and grow in Europe. By helping them navigate the – often perceived – regulatory barriers to fully benefiting from the Single Market. By making it easier for them to have a second chance, without being stigmatised if their idea doesn&8217;t succeed the first time around. And by improving access to funding by boosting private venture capital investment.&;

    Commissioner Elżbieta Bieńkowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs, said: “Today start-ups do not fully take advantage of the opportunities of the Single Market. Starting and scaling up a company across Europe has to become simpler. Europe needs to become the first choice place for great business ideas to grow into successful companies. This is about new jobs, innovation and competitiveness for Europe.&8221;

    The Initiative brings together a range of existing and new actions to create a more coherent framework to allow start-ups to grow and do business across Europe, in particular:

     

    European Commission Gives Boost To Startups In Europe fintechImproved access to finance: The Commission and the European Investment Bank Group are launching a Pan-European Venture Capital Fund of Funds. The EU will provide cornerstone investments of up to a maximum budget of €400 million and the fund manager(s) must raise at least three times as much from private sources, triggering a minimum of €1.6bn in venture capital funding. It will be managed by one or more professional and experienced fund managers ensuring a real market approach. This complements existing EU funding instruments such as the European Fund for Strategic Investments (EFSI), Europe&8217;s programme for small and medium-sized enterprises COSME and the EU&8217;s research and innovation funding programme Horizon 2020.

     

    European Commission Gives Boost To Startups In Europe fintech

     

    Second chance for entrepreneurs: The Commission has tabled a legislative proposal on insolvency law. It will allow companies in financial difficulties to restructure early on so as to prevent bankruptcy and avoid laying off staff. It will also make it easier for honest entrepreneurs to benefit from a second chance without being penalised for not succeeding in previous business ventures, as they will be fully discharged of their debt after a maximum period of 3 years.

    Simpler tax filings: The Commission is also working on a range of taxation simplifications including the recent proposal for a Common Consolidated Corporate Tax Base (CCCTB), which proposes to support small and innovative companies that want to expand their business across borders. Other initiatives include plans for a simplification of the EU VAT system and broadening the forthcoming guidance on best practice in Member States tax regimes for venture capital.

    The Initiative also puts emphasis on helping navigate regulatory requirements, improving innovation support through reforms to Horizon 2020, and fostering ecosystems where start-ups can connect with potential partners such as investors, business partners, universities and research centres. Changes to Horizon 2020 will pave the way towards a European Innovation Council and include using €1.6bn over 2018-2020 to provide bottom-up support for breakthrough innovation projects by start-ups with potential to grow. The Startup Europe network will be reinforced to connect clusters and ecosystems across Europe.

    In 2017, the European Commission will put forward proposals for a Single Digital Gateway that provides easy online access to Single Market information, procedures, assistance and advice for citizens and businesses. The Enterprise Europe Network (EEN) provide specific advisory services &; through scale-up advisors &8211; for including on funding opportunities, partnering and how to access cross-border public procurement. The Commission will adopt a set of measures to support the use of Intellectual Property Rights by SMEs and take action to support access by start-ups to the €2 trillion European public procurement market.

    Background:

    Over recent years, the European Commission has proposed a number of policies, such as the Capital Markets Union, the Single Market Strategy, and the Digital Single Market to benefit start-ups in Europe. Together with Member States&8217; actions, this has led to the creation of a number of market leaders, such as Spotify, Klarna, Adyen, , Jobandtalent, N26, Algolia, Intercom, Cabify or Deliveroo.

    The Initiative addresses three main obstacles to starting up and scaling up in Europe identified in a recent public consultation:

    &8211; Access to finance is the biggest problem for entrepreneurs whether starting up or scaling up;

    &8211; Complying with regulatory and administrative requirements diverts too much energy from growing the business &8211; particularly cross border;

    &8211; Connecting to right business partners, markets and skilled workers, despite the availability of 500 million people European Single Market is still too difficult.

    Featured Image: via Pixabay

    Original Press-Release here

    The post European Commission Gives Boost To Startups In Europe appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 3:35 pm on November 28, 2016 Permalink | Reply
    Tags: , , , , , , , , Europe, , , ,   

    European Commission Gives Boost To Startups In Europe 

    The &;s Start-up and Scale-up Initiative aims to give &8217;s many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment,insolvency law and taxation

    There is no lack of innovative ideas and entrepreneurial spirit in Europe. But many new firms don&8217;t make it beyond the critical first few years, or they try their luck in a third country instead of tapping intothe EU&8217;s potential 500 million customer base. The European Commission is determined to change that and help start-ups deliver their full innovation and job creation potential.

    European Commission Gives Boost To Startups In Europe fintech

    Via Pixabay

    Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: &;Today&8217;s local start-ups could become tomorrow&8217;s global success stories. We want to help start-ups stay and grow in Europe. By helping them navigate the – often perceived – regulatory barriers to fully benefiting from the Single Market. By making it easier for them to have a second chance, without being stigmatised if their idea doesn&8217;t succeed the first time around. And by improving access to funding by boosting private venture capital investment.&;

    Commissioner Elżbieta Bieńkowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs, said: “Today start-ups do not fully take advantage of the opportunities of the Single Market. Starting and scaling up a company across Europe has to become simpler. Europe needs to become the first choice place for great business ideas to grow into successful companies. This is about new jobs, innovation and competitiveness for Europe.&8221;

    The Initiative brings together a range of existing and new actions to create a more coherent framework to allow start-ups to grow and do business across Europe, in particular:

     

    European Commission Gives Boost To Startups In Europe fintechImproved access to finance: The Commission and the European Investment Bank Group are launching a Pan-European Venture Capital Fund of Funds. The EU will provide cornerstone investments of up to a maximum budget of €400 million and the fund manager(s) must raise at least three times as much from private sources, triggering a minimum of €1.6bn in venture capital funding. It will be managed by one or more professional and experienced fund managers ensuring a real market approach. This complements existing EU funding instruments such as the European Fund for Strategic Investments (EFSI), Europe&8217;s programme for small and medium-sized enterprises COSME and the EU&8217;s research and innovation funding programme Horizon 2020.

     

    European Commission Gives Boost To Startups In Europe fintech

     

    Second chance for entrepreneurs: The Commission has tabled a legislative proposal on insolvency law. It will allow companies in financial difficulties to restructure early on so as to prevent bankruptcy and avoid laying off staff. It will also make it easier for honest entrepreneurs to benefit from a second chance without being penalised for not succeeding in previous business ventures, as they will be fully discharged of their debt after a maximum period of 3 years.

    Simpler tax filings: The Commission is also working on a range of taxation simplifications including the recent proposal for a Common Consolidated Corporate Tax Base (CCCTB), which proposes to support small and innovative companies that want to expand their business across borders. Other initiatives include plans for a simplification of the EU VAT system and broadening the forthcoming guidance on best practice in Member States tax regimes for venture capital.

    The Initiative also puts emphasis on helping navigate regulatory requirements, improving innovation support through reforms to Horizon 2020, and fostering ecosystems where start-ups can connect with potential partners such as investors, business partners, universities and research centres. Changes to Horizon 2020 will pave the way towards a European Innovation Council and include using €1.6bn over 2018-2020 to provide bottom-up support for breakthrough innovation projects by start-ups with potential to grow. The Startup Europe network will be reinforced to connect clusters and ecosystems across Europe.

    In 2017, the European Commission will put forward proposals for a Single Digital Gateway that provides easy online access to Single Market information, procedures, assistance and advice for citizens and businesses. The Enterprise Europe Network (EEN) provide specific advisory services &; through scale-up advisors &8211; for including on funding opportunities, partnering and how to access cross-border public procurement. The Commission will adopt a set of measures to support the use of Intellectual Property Rights by SMEs and take action to support access by start-ups to the €2 trillion European public procurement market.

    Background:

    Over recent years, the European Commission has proposed a number of policies, such as the Capital Markets Union, the Single Market Strategy, and the Digital Single Market to benefit start-ups in Europe. Together with Member States&8217; actions, this has led to the creation of a number of market leaders, such as Spotify, Klarna, Adyen, , Jobandtalent, N26, Algolia, Intercom, Cabify or Deliveroo.

    The Initiative addresses three main obstacles to starting up and scaling up in Europe identified in a recent public consultation:

    &8211; Access to finance is the biggest problem for entrepreneurs whether starting up or scaling up;

    &8211; Complying with regulatory and administrative requirements diverts too much energy from growing the business &8211; particularly cross border;

    &8211; Connecting to right business partners, markets and skilled workers, despite the availability of 500 million people European Single Market is still too difficult.

    Featured Image: via Pixabay

    Original Press-Release here

    The post European Commission Gives Boost To Startups In Europe appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 12:18 pm on November 27, 2016 Permalink | Reply
    Tags: , Europe, ,   

    Fintech in Europe: Is Berlin the New London? 

    is a bustling metropolis of commerce, thought of as a titan of industry and innovation—no matter what industry is under discussion. However, recent economic concerns, most notably the effects of the Brexit on business sectors including , have led some to suggest that the city is no longer theRead More
    Bank Innovation

     
  • @fintechna 3:35 pm on November 24, 2016 Permalink | Reply
    Tags: , , , , , , BlockShow, , Europe, , , , ,   

    BlockShow Europe 2017: The Major European Blockchain Conference Will Open in April 

    will take place in Alte Kongresshalle, Munich. The is going to become the international event for showcasing established solutions.

    Blockchain is hailed as one of the most revolutionary technologies of the past few decades. In this year, the industry has experienced an intense influx of investment &; the volume of funds invested in Blockchain startups has exceeded $ 1B, and two largest VC deals of this year were also Blockchain-related.

    In addition to that, the has managed to receive public recognition from such global giants as Visa, PayPal and Mastercard. This state of affairs has formed a favorable environment for startups, and a real boom followed as a result: the number of young Blockchain companies has grown fourfold over the past year.

    BlockShow Europe 2017: The Major European Blockchain Conference Will Open in April fintech

    30% Discount for Fintechnews reader with Code FNSMUNICH

    Becoming more and more accepted worldwide, “the biggest innovation after the Internet itself” is receiving a growing number of various practical implementations and taking over the markets &8211; both within and outside the financial sector. That is why the main goal of BlockShow Europe 2017 is to become the major international platform for showcasing the most disruptive Blockchain use cases in all their multiplicity.

    However, none of the Blockchain projects exists in a vacuum &8211; there is a wide range of various external factors considerably influencing the whole industry, and this cannot be ignored. That is why BlockShow Europe 2017 will be opened by a talk about the current state of Blockchain, and the further conference programme will include talks and panel discussions on such topics as “Overcoming the challenges of Blockchain implementation”, “Blockchain Ecosystem from & Enterprises perspective”, “Security on Blockchain” and other. As for the direct objective of BlockShow Europe 2017, a large-scale comprehensive presentation of the existing revolutionary Blockchain projects will be set out in two parts.

    In addition, the conference will provide startups with opportunity to compete with each other for the title of The Best Blockchain Startup 2017 in a competition which will be hosted by Blockchain Angels.

    BlockShow Europe 2017: The Major European Blockchain Conference Will Open in April fintech

    Among the conference speakers will be prominent experts and practitioners of the global Blockchain industry, such as Ned Scott (CEO & Co-founder at Steemit), Adam Stradling ( & Blockchain pioneer, co-founder of Bitcoin.com), Ismail Malik (CEO Blockchain Lab, founder of SmartLedger), Bernd Lapp (Advisor at Ethereum Foundation), Jamie Burke (Founder of Blockchain Angels), Matej Michalko (Founder & CEO at DECENT), and Bruce Pon (CEO & Co-Founder at BigchainDB). This non-exhaustive list is about to expand &8211; so watch for updates!

    BlockShow Europe 2017: The Major European Blockchain Conference Will Open in April fintech

    BlockShow Europe 2017 is organized by the popular Bitcoin & Blockchain media outlet CoinTelegraph in partnership with Zurich-based Blockchain platform Nexussquared and Blockchain payment processor BlockPay. The upcoming event won’t be the first one for CoinTelegraph &8211; in August this year, the company has already held Helsinki Blockchain Conference 2016, the first high-profile Blockchain-dedicated event in Nordic, which attracted massive attention from the regional Blockchain community.

    Starting this week, the registration for BlockShow Europe 2017 is officially . Get to know more at the official BlockShow Europe website! Please note that there is a unique offer available exclusively for News Switzerland community &8211; use a discount code FNSMUNICH to get 30% off all tickets when registering on the BlockShow Europe Eventbrite page.

    BlockShow Europe 2017: The Major European Blockchain Conference Will Open in April fintech

     

    The post BlockShow Europe 2017: The Major European Blockchain Conference Will Open in April appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 3:53 pm on September 2, 2016 Permalink | Reply
    Tags: , , , , , , , , , , Europe, , , , ,   

    13 Hottest Finance And Fintech Startups in Europe 2016 

    WIRED Magazine has recently published a list of Europe&8217;s 100 Hottest Startups 2016. The list consists various in e-commerce, , AI, App, Mobile, Recruitment, etc. from cities such as London, Paris, Stockholm, Amsterdam, Istanbul, Barcelona&; Out of 100 startups, 13 startups in and Finance have made the list.

     

    LONDON, UK

    Property Partner &8211; Property Crowdfunding & Investment
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Property Partner combines residential real estate crowdfunding with a secondary exchange upon which investors can trade their holdings. The company allows anyone to invest in an individual property of their choice, with as little or as much they wish, so they can own a share, receive rental income and access capital growth. Property Partner is the trading name of London House Exchange Limited, a company that is authorised and regulated by the Financial Conduct Authority.

     

    Osper &8211; The Prepaid Debit Card for Kids 8-18
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    The branchless bank offers debit cards for 8-to 18 years-olds. Children can manage spending with an accompanying smartphone app, and parents can use the app to monitor spending and transfer (or withhold) pocket money. Founded by Alick Varma in 2012, the company is backed by Horizons Ventures and an array of entrepreneurs, including Samir Desai of Funding Circle

     

    STOCKHOLM, SWEDEN

    Qapital &8211; Smart Savings
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Qapital introduces a fun, automated way of saving money for specific goals. The totally free iPhone app is designed to help anyone reach savings targets by setting goals and applying rules to automate the saving. Qapital uses &;If This Then That&; IFTTT triggers to create a gamified savings system for millennials. Rules can be as simple as rounding up to the nearest dollar on everyday expenses or as interesting as rewarding yourself if you do certain things

     

    AMSTERDAM, THE NETHERLANDS

    BUX &8211; Casual Stock Trading
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    BUX wants to make everyone a stock trader. Released in 2014, its app combines &8220;virtua-money trading and a community&8221;, according to CEO Nick Bortot. It allows potentials investors to practise with digital currency before they spend real-world fund, with alerts sent when prices start to rapidly drop. Bortot claims the app has 450,000 registered users and is available in the Netherlands, Germany, Austria and the UK. Further European expansion is planned for the 31 people team.

     

    HELSINKI, FINLAND

    Moni &8211; Banking In Your Pocket
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Founded by Basemotion mastermind Antti Pennanen, this fintech startup offer prepaid MasterCards so travellers can pay without charges, and a money-transfer app that allows interest-free loans between friends.  Its profile soared in February when the Finnish immigration service announced it would use to make payments to some of Finland&;s 50,000 refugees.

     

    LISBON, PORTUGAL

    CrowdProcess
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    CrowdProcess is a scientific computing company that owns James, an R&D tool used by many to manage risk. James helps risk officers in banks manage risk better, reduce default rates and improve origination practices, using advanced scientific computing capabilities, including machine learning and advanced optimization. The company, founded in 2011 by CEO Pedro Fonseca, Sam Hopkins, and works with hedge funds based in New York and London.

     

    ISTANBUL, TURKEY

    Insider
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    A marketing tool that provides predictive algorithms for online businesses, Insider launched in 2012 and has 90 employees in 5 countries. &8220;There are personalisation tools which allow online businesses to create special content for each users. However, there are manual and integration takes ages,&8221; says co-founder and CEO Hande Cilingir. Insider&;s tools segment audiences automatically, for a monthly fee.

     

    AloTech &8211; A Cloud Company
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    For companies running a call center operation that are frustrated with the high cost, complexity and difficulty of the conventional systems, AloTech is the web based, pay-as-you-go solution running on Google, which is low cost, fast, easy, scalable and with complete enterprise functionality able to be setup anywhere in the world in 10 minutes.

     

    Parasut &8211; Financial Management Software for SMEs
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    The bookkeeping cloud platform made our 2015 list and has since doubled its customer base to 2,500. &8220;We signed a partnership agreement with Akbank, one of the largest banks&8221;, says co-founder Sean Yu. &8220;We&8217;ll integrate our application directly to online banking to enable seamless syncing of transaction data, make payments for invoices and payroll in-app, provide invoice factoring, credit and loans and other products in-app.&8221; 

     

    iyzico &8211; Virtual POS Service
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    TPayment platform iyzico has grown significantly since 2014. In 2015, it raised $ 6.2 million and entered the $ 400 billion Iranian market. It has more than 29,000 registered merchants (up from 3,000 in 2014) and has seen a 50% increase in the average number  of transactions year on year. &8220;I am aiming to get as many smart and driven people as possible together, who will help us to become the payment champion of the Orient,&8221;  says Marketing Manager a da Enen.

     

    TEL AVIV, ISRAEL

    FundBox &; Fundbox: Overcome Cash Flow Gaps
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Fundbox is a company focusing on helping small business owners overcome occasional short-term cash flow gaps. Founded in 2013, the service uses big data analytics, engineering, and predictive modeling to help optimize cash flow for small businesses and freelancers with outstanding invoices. The company already raised $ 112.5 million from investors including Jeff Bezos and Ashton Kutcher.

     

    Colu &8211; Local Currency
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    By giving people the ability to exchange digital cash directly with one another Colu is creating a new way of thinking about money that encourages sustainable and equitable economic growth while supporting local businesses. Colu wants to digitalise ownership of real-world items &8211; from cars to concert tickets &8211; using the . Founded in 2014, the company has raised $ 2.5 million in  seed funding led by Aleph Venture Capital. It has partnered with Deloitte and is collaborating with Barbados-based startup to introduce a -based &8220;Caribean dollar&8221;

     

    BARCELONA, SPAIN

    Kantox: Currency and Risk Management Solutions
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Kantox is a foreign exchange service provider, offering SMEs and mid-cap companies a comprehensive solution to their foreign exchange needs, based on transparency, efficiency and value. Their transactions reached $ 1 billion, broke the $ 3 billion barrier in April 2016. It completed an $ 11 million funding round from Partech Venture, IDinvest Partner and Cabiedes & Partners in May2015, and released new software this year which automates FX transactions and payments.

    The post 13 Hottest Finance And Fintech Startups in Europe 2016 appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
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