Tagged: spain

October 31, 2019 @ 12:55 am By Omar Faridi  |  

Spanish Fintech firm PecunPay, which provides a payment and electronic funds transfer platform (managed by the Bank of Spain), has selected New York-based tech giant IBM to develop Red Hat’s Kubernetes platform OpenShift in order to help “drive business.” PecunPay reportedly manages over 500,000 cards… Read More

October 22, 2019 @ 11:48 am By Omar Faridi  |  

Over 650,000 companies can register to become BBVA Spain customers, via an online process that reportedly takes a few minutes to complete.  BBVA has been offering various online enrollment options for private clients. The institution is the first bank in Spain to launch an online… Read More

October 16, 2019 @ 10:46 am By JD Alois  |  

ID Finance has crowdfunded £1.5 million “within minutes” according to a note from the company. ID Finance is seeking £2 million on Crowdcube. According to the offering page, ID Finance has received the backing of 248 investors hitting  76% of the target raise. ID Finance… Read More

October 15, 2019 @ 10:25 am By Samantha Hurst  |  

BBVA announced on Tuesday it led the first funding round of PrivacyCloud, a Spanish startup developing a series of tools to allow users to control how their data are used by businesses to create commercial or marketing offers. La Sexta Opción, an investment vehicle promoted and… Read More

October 7, 2019 @ 7:01 pm By JD Alois  |  

ID Finance, said to be the fastest-growing Fintech in Spain, is queuing up a crowdfunding offering on Crowdcube. ID Finance reports that it should hit €90 million in top-line revenue this year making it one of the largest companies to raise capital on Crowdcube so… Read More

October 3, 2019 @ 10:30 am By Samantha Hurst  |  

Bnext, a Spain-based mobile-first neobank, announced this week it raised $25 million through its Series A funding round, which was led by DN Capital, with participation from RedAlpine, SpeedInvest, Founders Future, Cometa, Enern, USM, and Conexo. Founded last year, Bnext states it offers customized services… Read More

September 28, 2019 @ 4:54 pm By Omar Faridi  |  

Madrid-based Minsait, a company that focuses on digital transformation while providing business management consulting services, acquired 100% of Spanish Fintech firm Afterbanks. Afterbanks’ proprietary technology is used to retrieve and aggregate data from different financial institutions, in order to process payments quickly and efficiently. Minsait’s… Read More

September 12, 2019 @ 1:58 pm By Omar Faridi  |  

Spanish multinational commercial bank Santander has reportedly become the first financial institution to handle all aspects of a bond issuance process on a blockchain-based platform. The world’s ninth-largest financial services company used an ERC-20 compliant token to represent $20 million in issued debt, and settled… Read More

September 9, 2019 @ 11:48 am By Omar Faridi  |  

The government of Catalonia is developing a decentralized identity solution that will allow the autonomous community’s residents to control their data while interacting with internet-based services. Referred to as the IdentiCAT project, the launch of the new digital identity platform was announced on September 7… Read More

September 1, 2019 @ 10:52 pm By Samantha Hurst  |  

Life Length, a Spain-based telomere diagnostics and analyses company, is set to close its equity crowdfunding campaign on Crowdcube with more than £2.1 million in funding from nearly 1,000 investors. The campaign was launched earlier this summer and quickly raised £650,000 funding target. As previously… Read More

August 9, 2019 @ 10:07 am By Samantha Hurst  |  

Life Length, a Spain-based telomere diagnostics and analyses company, has successfully secured £1.97 million in funding through its equity crowdfunding campaign on Crowdcube. The round was launched last month and quickly surpassed its £650,000 funding target. It has also attracted nearly 700 investors. Founded in… Read More

August 6, 2019 @ 2:43 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it started offering cash and stablecoin loans to users in Spain. Accoridng to the platform, the loans are starting at just 4.95% per year and are claimed to represent the lowest cost available anywhere… Read More

June 18, 2019 @ 11:33 am By Samantha Hurst  |  

BBVA announced on Monday it has teamed up with Dufry to launched the first WeChat Pay facilities in Spain in travel retail operator’s World Duty Free stores at the Adolfo Suarez Madrid-Barajas airport. According to BBVA, the move is a “hugely significant shift” within the… Read More

May 29, 2019 @ 7:34 am By JD Alois  |  

Nanotech firm Nanusens has closed on a crowdfunding round of €600,000 via Crowdcube. The offering was hosted via Crowdcube’s Spain facing platform. Nanusens raised approximately 3X its initial goal. The pre-money valuation was pegged at £4.9 million pounds with investors looking to purchase a 10.4%… Read More

May 8, 2019 @ 10:44 pm By Cali Haan  |  

Officers of the Spanish Civil Guard in Spain assisted by Europol have arrested eight people and charged eight more for allegedly, “…providing large-scale crypto money laundering services to other criminal organizations.” Europol says the bust of this “cryptocurrency laundering as a service business” comes follows operation… Read More

May 5, 2019 @ 9:15 pm By Samantha Hurst  |  

Less than six months after securing €1 million through its previous Crowdcube round, Spanish nanotechnology company Nanusens has returned to the equity crowdfunding platform and has surpassed its £200,000 initial funding target. The funding round is now nearing £350,000 from more than 400 investors. As… Read More

April 2, 2019 @ 5:34 am By Erin Hobey  |  

Fintech startup GeoDB aims to provide a big data marketplace that includes an encrypted, safe, transparent, verified, accurate and decentralized datapool and also to solve the existing problems of the growing big data industry. The platform has recently begun £750,000 crowdfunding campaign on Crowdcube for… Read More

March 29, 2019 @ 2:31 am By Cali Haan  |  

Spain’s Comision Nacional Del Mercado de Valores (National Securities Market Commission or CNMV) has issued a statement clarifying that, to date, it has not approved any ICOs fundraising within its jurisdiction. According to a release from the Commission processed [Google Translate]: “The CNMV has not… Read More

February 21, 2019 @ 2:23 pm By Cali Haan  |  

CryptoSolarTech, a Spanish cryptocurrency mining company that raised $68 million USD (60 million euros) in an ICO fundraise last spring has sent a letter to investors announcing that the company will cease operations and return the money collected in the ICO, Cointelegraph reports. A copy… Read More

February 19, 2019 @ 1:55 am By JD Alois  |  

In a release, equity crowdfunding platform Startupxplore stakes a claim as being “Spain’s largest online startup investors network.” The statement is based on Startupxplore having  14,703 registered individual investors. The site was launched in 2016 and reports having funded €6.5 million in 28 different deals.  Startupxplore is regulated by… Read More