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State of European FinTech 2021
Click here to view the document: https://docsend.com/view/ii4bnrimuxtbuw4q. This is the 6th edition on the State of European FinTech and predictions for the year ahead. In this edition we cover 5 topics: (1) How well did we predict 2021? (2) The 2021 European FinTech landscape (3) Capital market and M&A implications for FinTech valuations & exits, (4) Events that might stall the FinTech “Blast” and (5) Our FinTech themes for 2022 Finch Capital is a growth investor in financial technology. We bac
Finch Capital, through Nomu Pay, acquires Wirecard Turkey
Amsterdam, London and Dublin, 30 March 2021 -- Finch Capital, through Nomu Pay, a vehicle that invests in payment assets, has today reached an agreement to acquire Wirecard Ödeme Ve Elektronik Para Hizmetleri (Wirecard Turkey). The deal is expected to be completed by Summer 2021 and is subject to certain conditions, including regulatory approvals. This investment is part of Nomu Pay’s larger plan to invest in payments infrastructure in Turkey and the Middle East region. More details will be pr
The AWS FinTech Report Powered By Finch Capital and Innovate Finance
See the full report here: https://pages.awscloud.com/fintech-report Overview The explosion of FinTech “enablers” in the last few years is as fascinating as the story of the growth of B2C-focused FinTech companies. The startups developing and providing cutting-edge technologies from core infrastructure, to customer onboarding solutions, to payments systems are disrupting financial services as much as new digital banks. The key to the growth of these FinTech enablers is partnerships. Download thi
PayU partners with Twisto to offer deferred payments across Poland
PayU, global online payments provider, has partnered with Twisto, a leading Czech FinTech offering deferred payments on the Polish market, to bring additional payment options to the ‘PayU Pay Later’ platform. The partnership will serve all existing online retailers and brands using the PayU payment system, allowing them to offer Twisto’s deferred payment solution to their customers. Read more here: https://www.finextra.com/pressarticle/85853/payu-partners-with-twisto-to-offer-deferred-payments-a
8 Trends Shaping Digital Health
With healthcare systems around Europe coming under the microscope particularly post 2020, we at Finch Capital are spending more time to understand what specific software solutions can be used to tackle some of the emerging problems across primary and secondary care. Last year, we invested in Lantum that are building workforce management software for these 2 care verticals. Unlike the US, European healthcare systems involve private and public sector working together to create a payer system that
EU selects Hiber to boost investment into the ‘New Space’ sector.
Amsterdam, 30 March 2021 | European satellite and communications start-up, Hiber BV has secured €26 million in EU and private investment to expand the world’s first global IoT (Internet of Things) satellite network. The European Innovation Council Fund (EIC Fund), the EU’s innovation agency, has awarded Hiber a share of its €278 million Innovation Fund, which will enable the EU to play a prominent role in the global space sector and enhance its autonomy. The EIC has co-invested with an innovatio
Meet Twisto, the Czech Republic’s answer to Klarna
Buy Now Pay Later (BNPL) firms have boomed since the pandemic began. Online use has soared 35% since March, BNPL giant Klarna has become Europe’s most valuable fintech at $11bn, and London rival ClearPay has announced it’s expanding to four more continents. Now Twisto, a BNPL company based in Prague, has secured €16m..
AccountsIQ raises €5.8M to grow its cloud accounting platform for multi-entity businesses
AccountsIQ’s cloud-based accounting software is used by 4,000 businesses operating across multiple locations, currencies and jurisdictions - an area underserved by current financial management solutions Customers span sectors including financial services, technology and renewable energy, with clients such as PwC, Linesight Global Construction Group, Asavie Technologies, GP Bullhound and Throgmorton Funding will be used for accelerated growth and recruitment across sales and marketing, customer s
FinTech market set for cooling and consolidation, as macroeconomic factors bite
Finch Capital ‘State of European FinTech Report 2022’ finds the biggest category in venture funding, FinTech, is entering a period of cooling and consolidation to 2018/2019 levels as macroeconomic concerns are weighing heavily on the sector. Raising funds by FinTechs is becoming more competitive and price sensitive, despite record levels of undeployed investment capital. The lack of exit market and lower demand for mega-funding puts pressure on big ticket investors to deploy funds and make attra
BUX raises $80 million in funding to further accelerate its roll-out across Europe
Europe’s fastest growing neo-broker BUX announces an $80 million (€67 million) funding round led by Prosus Ventures and Tencent. The investment accelerates BUX’s vision to become the leading destination for Europeans who want to do more with their money. CEO and founder Nick Bortot hands over the reins to COO Yorick Naeff. Amsterdam, April 22nd, 2021 - BUX announced that it has raised $80 million from a group of top-tier investors backing its mission to become the leading neo-broker in Europe. T
Finch Capital’s annual FinTech predictions for 2022
Finch Capital’s forward-looking vision on the European FinTech space, 11 predictions that will shape the space in 2022 Today, Finch Capital issued their 2022 predictions (visit predictions report here) for European FinTech. The predictions summarizes and compiles industry data from various databases and research institutions. It also includes the Finch team’s own perspectives on the market, proprietary insights and data based on a decade of investment experience in European FinTech. We believe t
Astrocast acquires Hiber, accelerates OEM strategy
ACQUISITION ENHANCES DIRECT-TO-MARKET STRATEGY; ACCELERATES OEM STRATEGY; AND INCREASES PENETRATION WITHIN THE ENERGY AND ASSET TRACKING MARKETS LAUSANNE, Switzerland, 30 May, 2022 – Astrocast, a leading global nanosatellite IoT network operator, today announced the signature of an agreement to acquire Hiber, a Netherlands-based, IoT-as-a-Service provider. Under the agreement, Astrocast agreed to acquire all of Hiber’s shares in exchange for the issuance of new Astrocast shares, representing 16.
Pintek Raises $7m Series A to grow its Education Fintech Ecosystem in Indonesia
Pintek, an education fintech platform that provides innovative financial services to students, parents, education institutions, and education suppliers has raised a US$7 million Series A round funding. This brings the total equity and debt capital raised to more than US$35 million, to continue improving the access to education and livelihoods of unbanked/underbanked MSMEs in Indonesia. New investors to the round include Kaizenvest, Heritas Capital, Blue7, and Earlsfield Capital. Existing investo
The Rise of Embedded Finance
Finch Capital recently collaborated with Stripe on the writing of a report on The Rise of Embedded Finance, which discusses the evolution, current state, and future of the embedded finance market from both a venture investor and a market leader perspective. We predict that the embedded finance industry will become one of the most valuable sectors in fintech reaching $7 trillion globally over the next ten years. Embedded finance is a positive sum trend where banks can serve small businesses at sc
Finch Capital launches third fund to invest in European fintech at Series A&B
Finch Capital completes successful first close of Europe III: its 150M EUR fund investing in high-growth FinTech and AI startups shaping the future of finance. ● UK and NL-based VC firm Finch Capital’s Europe III will target the Series A and B current growth funding gap for companies that shape the future of Financial Technology ● Investment focus: European category leaders with EUR 2-5M in revenues consolidating the fragmented Fintech landscape with a strong focus on those that leverage AI ● In
Zip agrees to acquire Twisto to expand into Europe
Zip Co Limited (ASX: Z1P) (“Zip” or the “Company”) is pleased to announce that it has agreed to acquire the remaining shares of European “Buy NowPay Later” (“BNPL”) provider Twisto Payments a.s. (“Twisto”) and has also entered into an agreement to acquire the remaining sharesof UAE-based BNPL leader Spotii Holdings Ltd (“Spotii”). The transactions align with Zip's global expansion plans and the rapidly accelerating global BNPL opportunity. As demonstrated through the acquisition of QuadPay, wh