Daimler acquires PayCash Europe to launch Mercedes pay
Daimler Financial Services is acquiring electronic payments provider PayCash Europe. The terms of the deal are undisclosed.
FinTech VC Motive Partners launches, backs LMRKTS
Newly established FinTech-focused venture capital firm Motive Partners is launching with its first investment going to portfolio compression startup LMRKTS.
Transfast lands $40m credit facility from Comvest Partners
Cross-border payment provider Transfast has picked up a $40m credit facility from investment firm Comvest Partners.
WealthTech developer Startburst takes $6.25m to build more apps
FinTech app developer targeting investors, advisors and brokers Starburst Labs has closed its Series A round with $6.25m.
Neufund pockets €2m for blockchain-based investments
Blockchain-based investment platform Neufund has raised €2m in a Seed round of funding. The investment comes from Atlantic Labs and angel investors.
SatoshiPay grabs £700,000 for bitcoin micropayments
Bitcoin-based nanopayments solution SatoshiPay has raised £700,000 in a new round led by Blue Star Capital.
Swiss insurer Helvetia looks to back startups with $55m VC fund
Swiss insurer Helvetia is the latest traditional institution to move into startups investment with the launch of its newly established venture fund.
Wonga hires new CFO to steer turnaround
UK lender Wonga has hired Joanna Baker as its new CFO as the firm attempt to restructure in the face of stricter regulation.
BoughtByMany grabs £7.5m for group-powered insurance
London-based insurtech startup BoughtByMany has raised £7.5m in a Series A round. Octopus Ventures led the investment.
Flender secures £500,000 on Seedrs
Social peer-to-peer (P2P) lending platform Flender has secured more than £500,000 in a equity crowdfunding campaign on Seedrs.
