News Finance

Neobroker nextmarkets receives $30 million in Series B funding round

The financing round is led by existing investors Alan Howard and Christian Angermayer with his Cryptology Asset Group. German investors such as DEWB are also among the investors. Since going live in 2018, the innovative FinTech company from Cologne has grown at an average rate of 207% (CAGR), executing well over one million securities transactions in 2020. The neobroker, which enables private investors commission-free trading via the stock exchange in over 7,000 stocks and 1,000… Source: RealWire

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Mollie appoints Shane Happach as new CEO

Former Worldpay exec joins payments unicorn to drive international expansion London and Amsterdam, 2 March 2021 – Mollie, one of the fastest-growing payment service providers in Europe, has appointed Shane Happach as its new CEO. Happach joins Mollie from Worldpay, where he was EVP and Head of Global eCommerce. In 2020 Mollie drove 120% year-on-year growth and raised a 90 million Euro Series B round, led by TCV, valuing the company as a unicorn. Prior… Source: RealWire

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Wolters Kluwer introduces finsit, its cloud-based financial insights platform to the UK

Finsit enables accountants to leverage technology to give real-time, data-rich advice 25 February 2021: Kingston, UK: Wolters Kluwer Tax and Accounting UK today launches finsit, its cloud-based financial insights platform to its CCH OneClick customers in the UK. While the shift to advisory has been in place for some time, the uncertainty brought on by external factors has heightened the demand for sound financial advice from accountants. Brexit, and the aftermath of the agreements, will… Source: RealWire

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Exton Advisors launches ‘special situations’ disputes finance service

Leading advisory business steps up to support UK corporates LONDON – Exton Advisors, a leading financial advisory firm in litigation, is launching a unique range of ‘special situations’ services designed to help companies look at their disputes in an entirely new way. The move is in response to the increasing economic uncertainty brought about by the global pandemic and sees the firm creating a range of advisory service lines designed to help corporates and their… Source: RealWire

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European financial institutions lose over €5bn every year on customer acquisition

New research by P.A.ID Strategies for Signicat shows that poor onboarding means billions spent across Europe to attract customers is wasted Trondheim, Norway, 24th February 2020: Signicat, the Trusted Digital Identity™ company, today revealed new analysis by P.A.ID Strategies that shows financial institutions are wasting at least €5.7 billion every year due to poor customer onboarding and abandonment. The analysis follows the release of Signicat’s regular report into the state of financial services onboarding, The… Source: RealWire

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