by RJ Shara | Jan 14, 2021 | Startups
With the expansion of subscription services, integrated with our lives becoming almost 100% digital, there’s an increasing requirement to be able to handle these services. A lot of banks do not have much of an answer. Action in Minna Technologies, which offers in its subscription management services into banking apps. It has actually now raised $18.8 million (EUR15.5 […] Founded in Gothenburg, Sweden in 2016, Minna enables customers to manage subscription services by means of their existing bank’s app. The typical European is investing ₤ 301 (EUR333) a month on 11 subscriptions, which is predicted to increase to ₤ 459 (EUR508) a month on 17 subscriptions by 2025. …
by RJ Shara | Nov 12, 2020 | Fundings and Exit, Startups
Railsbank, the London-headquartered Banking-as-a-Service platform, has raised $37 million in brand-new development funding. Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank. Taking part is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, informs me […] Nigel Verdon, co-founder and CEO of Railsbank, informs me the injection of capital will be utilized to continue expanding the fintech’s worldwide footprint and for additional item advancement. The pitch is that Railsbank’s APIs are the structure obstructs for clients “to develop pretty much any financial use case they can imagine. To that end, Railsbank’s credit card as a service offering implies that any company can provide a branded credit card utilizing the fintech’s facilities and tech. …
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