N26 pays million fine & other news

N26 pays million fine

The topic of money laundering prevention and N26 has kept us busy over the past few months. The company paid a fine for EUR 4.25 million imposed by BaFin in June. In addition, the Neo-Bank wants to have implemented all the improvement measures required by the supervisory authority. Continue reading…

Trade Republic offers web front end

So far, the digital broker Trade Republic has only focused on the app. The “smartphone only” strategy is likely to have also contributed to the company’s success. Fintech now also offers customers access via a browser on a computer and tablet. With this move, Trade Republic wants to reach significantly more customer groups than was possible with the app alone. Continue reading…

New rumors about mega funding for N26

In the past few months, rumors have surfaced that N26 is currently working on a large financing round. Sky News reports that the Dragoneer Investment Group plans to put a “substantial amount” into the company. If the rumors were true, the capital injection of the former Spotify investor would increase the valuation from N26 to $ 10 billion. Read more …

Savings banks want to put 150 million in EPI

According to information from the Handelsblatt, the savings banks are releasing funds amounting to 150 million for the “European Payment Initiative” (EPI). With the planned European payment system, the banks want to become more independent from US companies. A total of around 1.5 billion euros will be due for the development of EPIs between 2022 and 2026. The DSGV has not yet confirmed the report. Read more (Paid)…

54 million for high grade

Fintech Highnote, founded by former PayPal employees, is leaving stealth mode and reporting combined seed and Series A funding of $ 54 million. Oak HC / FT and Costanoa Ventures lead the funding. The fintech positions itself as a competitor to Marqeta, so it wants to offer retailers and other companies the issuance of their own credit and debit cards. Read more …

Mastercard jumps on the BNPL train

Mastercard will offer its own BNPL solution in the USA, Great Britain and Australia. Installment payments (interest-free) are positioned as an alternative to debit, credit and prepaid cards. This should enable banks, fintechs, wallet and credit providers to quickly offer BNPL across the entire acceptance network. Mastercard is working with Barclays, Marqeta and Qantas Loyalty, among others, on this topic. Read more …

Authena with 2.3 million seed funding

The blockchain startup Authena from Switzerland has secured seed financing of CHF 2.3 million (EUR 2.1 million). The money comes from business angels in Switzerland and Great Britain. The startup wants to put the financial injection into the further development of its prototypes. Read more …

Author

Stephan has been online since the early 1990s and has a distinct fintech past (Star Finanz, Hypoport). At the Hypoport subsidiary Dr. Among other things, he was responsible for product management and business development. He has been writing about … more for over 10 years

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