Payments

Modulr Acquires Nook to Transform Accounts Payable Automation and Business Payments

Strategic acquisition combines Nook’s award-winning AP automation with Modulr’s embedded payments expertise to streamline operations for UK and European businesses. Modulr, a leading embedded payments platform, has announced the acquisition of Nook, a disruptive innovator in accounts payable (AP) automation. This strategic move combines both companies’ expertise to address inefficiencies in business payments, eliminate manual […]

Startup Funding

Unitplus Secures €4.7 Million in Seed Financing to Launch AI-Powered Investment Product

Berlin, Germany – In a significant milestone, Berlin-based fintech startup Unitplus has raised €4.7 million in seed funding, led by UK venture capital firm Pact. This latest round also saw participation from Seed X, a specialist fund focused on financial startups, alongside prominent business angels, including Alexandros Bottenbruch from PayPal Ventures. Unitplus, known for its […]

Fintech

N26 Reopens Account Registrations in Italy After Addressing Regulatory Challenges

N26 Resumes Operations in Italy, Appoints Andrea Isola as New General Manager German digital bank N26 has successfully resolved the regulatory compliance issues that led to its temporary suspension in Italy in 2022. With new leadership in place and a renewed focus on expansion, the bank is ready to compete in the Italian market. Milan, […]

Banking

Solaris Announces Workforce Reduction as Part of Strategic Transformation Initiative

Berlin, Germany – October 17, 2024 – Solaris, the leading Banking-as-a-Service (BaaS) platform in Europe, has announced a significant workforce restructuring, which will result in the reduction of approximately one-third of its employees. The majority of these layoffs will affect its UK-based subsidiary, Contis, a key component of Solaris’ EMI (Electronic Money Institution) unit. This […]

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