From the corporate finance perspective, we analyse the purchases and investments made by Goldman Sachs in financial technology or FinTech companies. The multinational financial company makes several acquisitions of companies and rounds throughout the year, but we are going to focus on talking about the companies that are dedicated to the development of financial technology and in which Goldman has made a move. We will first discuss the two acquisitions made in 2018 and then the three latest confirmed investments.
Acquisition of companies in the payment platforms sector
We analyse the €1.6 million capital injection received by Infraspeak from the funds Firstminute Capital, Tencent, Innovation Nest, Construtech Ventures, 500Startups and Caixa Capital. With the injection, Infraspeak will aim to strengthen its bid to expand its team across borders. In the coming months, the company plans to reach the UK, Spain and France and hire 10 new employees.
Investment analysis in FinTech sector for business expense management. Captio and Certify.
From a corporate finance point of view, we analyse the purchase of Captio - the Spanish startup that manages companies' business travel-related expenses - by Certify, the North American company that offers business travel management solutions, from a corporate finance perspective.
Analysis of Fintech investment. Dominion and RSI team up in Fintech and Insurtech.
Find out about the latest major financing rounds in Europe in Fintech. In addition, we analyse the strategic agreement signed between Dominion and RSI to jointly develop their technology business for the financial and insurance sector.
The IT Consulting sector for FinTech and InsurTech is becoming increasingly active in M&A: Corlider, Keyhelp, Mecemsa and Unnax
Capital is increasingly being directed towards FinTech and InsurTech, and the number of M&A deals related to these sectors is growing all the time. We take a look at current investment activity in IT consulting for FinTech and InsurTech.
Spanish FinTech startup Billin receives €1.5M in new investment round
Billin, the Madrid-based company that offers an invoicing management platform dubbed "the dropbox of invoices", has closed a €1.5M investment round backed by Kibo Ventures, K Fund, and business angel Carlos González Cadenas.
Kantox, the fintech company, turns to software technology and receives €5M
Kantox, the fintech company that operates in the exchange of currencies for companies, has closed a €5 million round raised by its own shareholders. Co-founder and CEO Philippe Gelis confirmed yesterday that the round will bring the company closer to break even, which is expected to be reached "by the end of 2017".
Easy Payment Gateway, fintech company operating in Spain, closes €6M round
Easy Payment Gateway, a payment and fraud gateway, has just closed an investment round of six million euros. This is the third round closed by the startup, which defines itself as a platform for managing and configuring all means of payment of a company, as well as all fraud tools.
Fintonic: The Spanish fintech that has received $25M
Fintonic is an app that helps us keep track of our accounts, and the money going in and out of them. The company, which has a turnover of less than €1M, has just received the 3rd largest round so far this year.
Fintech investment grows by 222% in Q1 2017
In the first quarter of 2017, European startups in the fintech sector received 667M from venture capital, which is now almost 60% of the amount raised in the whole of 2016. Among the reasons for this growth are the support being given to early-stage fintech companies in the UK and changes to online payments across the EU.
Barcelona-based FinTech ID Finance raises $50M to grow in Latin America
The company will use the funding raised for its expansion programme in Latin America following the launch of its online financing service MoneyMan last year in Brazil.
BBVA continues its commitment to Fintech, invests in Hixme Inc.
BBVA continues to believe that a technological renovation of the banking industry is necessary to be able to face the new business models in the financial sector, although for the moment the results of its investees are not being satisfactory. Proof of this is that in February this year it expanded its fund to invest in fintech to $250M, has carried out 4 operations so far this year and has announced that it intends to invest in Latin America in a short period of time.