Deutsche Bank buys 12.5% stake in TrustBills
Troubled German banking giant Deutsche Bank is making an investment in the FinTech space and taking a 12.5% stake in trade receivables marketplace TrustBills.
Softbank looks to sell Snapdeal’s FreeCharge for less than 50%
Japanese web giant and investor SoftBank is reportedly in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m.
FinTech investor tryb pumps $4m into smart contracts firm Chinsay
Sweden-based smart contracts company Chinsay has picked up $4m from Singapore-based FinTech investor tryb Capital.
83North closes $250m fund to invest in Europe and Israel
London and Tel Aviv-based venture firm 83North has closed a new fund with $250m. The fund is the firm’s fourth raised in 11 years and brings its total under management to $800m.
Groundspeed Analytics nabs $2m for insurance data platform
Insurance data and machine learning platform Groundspeed Analytics has closed a $2m Series A round. InsurTech and FinTech investor ManchesterStory led the round.
Wyre scoops up Chinese remittance startup Remitsy
Blockchain-based cross-border payments startup Wyre is acquiring Beijing-based business payments service Remitsy. The financial terms of the deal are undisclosed.
Zopa backer Forward Partners closes new £60m fund
London-based VC Forward Partners has closed its new early stage fund with £60m. The firm counts peer-to-peer lending platform Zopa among its portfolio.
Wellthie scores $5m to help brokers catch up in InsurTech
Tech provider for the insurance space Wellthie has raised $5m in a Series A round led by IA Capital Group. IA Capital Group led the round.
BNP Paribas acquires neo bank Compte-Nickel
BNP Paribas is set to acquire a 95% stake in neo-banking startup Compte-Nickel’s parent company Financière des Paiements Électroniques.
Funderbeam grabs €2m for startup stock exchange
Blockchain-based trading and investment platform Funderbeam has picked up €2m from Japanese investor and incubator Mistletoe.
