Archive
Iceland-Born Fintech Meniga Closes €10 Million Investment Round
Meniga, a provider of digital banking solutions founded in Iceland, announced that it has closed a €10 million strategic investment round. The round was led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round
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Latvian Fintech Startup Jeff App Raises $1 Million for Southeast Asian Expansion
Jeff App, a Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round. Jeff App said that the funds will be used to launch new products and fuel growth
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Finnish Payments Firm Enfuce Raises €7 Million in Funding Round Led by Tencent
Nordic-based card issuing and payment processing services provider Enfuce has raised €7 million in Series B funding led by Tencent who had invested €5 million in the company. Meanwhile, Enfuce’s prior investors Maki.vc invested the other €2 million, bringing the
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Opera Hires PayPal’s Former Exec as New EVP for Its Fintech Arm Dify
Opera Limited, a browser provider headquartered in Oslo, announced that it has hired PayPal veteran Allen Hu as the new Executive Vice President (EVP) of Dify, which is the browser’s fintech arm. An expert in financial technology and payments, Allen
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Lithuanian E-Money Institution FINCI Goes Live With Temenos
Temenos, a Swiss banking software company, announced that Lithuanian electronic money institution FINCI has gone live with Temenos. FINCI said that Temenos’ rich banking functionality and API-first, microservices-based technology enabled it to design, build and launch the service from scratch
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Revolut Bank Launched in 10 Additional European Markets
Revolut has launched as a bank in 10 additional European markets with a specialised banking license from the European Central Bank via the Bank of Lithuania. Customers in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia who
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Estonia Digitised 99% of Its Public Services With the Aid of Blockchain
Estonia is emerging as a leader in e-government, embracing digital platforms and technologies to bring seamless and convenient e-services to citizens. Today, 99% of public services, including tax filings and public voting, are available digitally to Estonians, and these solutions
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Swedish Banking Platform Juni Selects TruNarrative’s Regtech Solution
Juni, a Swedish-based banking platform for e-commerce and online marketing companies, has selected regtech TruNarrative to deliver compliance and onboarding technology. This move will provide Juni the capability to successfully onboard and monitor their individual and business clients. The Juni
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Examining the Lithuanian Fintech Space and What the Future Holds for 2021
The financial technology sector has faced multiple challenges in the last year. Like many other industries worldwide, the finance sector lost its workforce, and many businesses had to close down. But inefficiencies bring new opportunities, leading the way for fintech
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Nets Completes the Sale of Its Account-to-Account Services Business to Mastercard
The Nets Group, a payment provider in Europe, announced the completion of the sale of its account-to-account based services, including clearing, instant payment services, and e-billing solutions, to Mastercard for €2.85 billion. This follows the successful conclusion of the remedy
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