Coinffeine bitcoin news

As cities around Europe compete to become the region’s coinffeine bitcoin news active fintech hub, half a dozen are successfully establishing themselves as the main destinations for investments. Here are the top fintech firms in the hottest European hubs.

Seventy per cent of the total capital raised by all private European fintech companies in the first quarter of 2017 went to companies based in London, Berlin, Stockholm, Paris, Barcelona and Amsterdam. Given the economic benefits of developing a vibrant fintech ecosystem are very attractive, it’s no surprise the rivalry between European cities to attract capital and talent is intense. The figures show London has proven to be resilient to the Brexit vote of June 2016 and that other European cities made huge strides in raising their levels of activity. What about the rest of Europe? In the world ecosystem of Fintech, London is number one. We have a fantastic country with good communication systems, superb countryside, and an eager and responsive workforce.

Secondly, we need to push connections together. We need available service centres and spaces to bring people together, to allow ideas to be born and flourish, and reach maturity. This doesn’t just mean top down, he explains, but at the very start of children’s schooling. We need to make them evangelists for Scottish fintech, and we need a continuous stream of new participants. We need to build on what we have already, but we need to strengthen and broaden what there is.

We have to up our game at all levels. The final ingredient to push Scottish fintech to the fore is finance. There are some seed funds available, says Melville, but they need to expand and scale up. In order to attract new people and businesses, we have to nurture them, to welcome them, to support them and help them navigate through the beginnings of their business into the full flood of their maturity.

If we do all that, we can easily get into the top ten. And who knows maybe even higher than that! 108 million in funding, according to a report from KPMG and CB Insights. 40 million round raised by German digital bank N26. 17 per cent are crowdfunding platforms. 27 per cent are alternative payment providers, while the rest are active in insurance, ID verification, and online shopping.

Ascribe is a platform for artists and creators to keep their digital art secure using blockchain technology. Friendsurance is a P2P insurance firm, founded in 2010. The company mainly focuses its efforts on emerging markets. Mambu is a cloud platform that allows banks to create, launch and service deposit and loan products quickly. Founded in 2011 by Eugene Danilkis, Frederik Pfisterer and Sofia Nunes, the company works with over 145 institutions in 35 countries globally, servicing a portfolio of over a million accounts. Number 26 was founded in 2013 by Maximilian Tayenthal and Valentin Stalf.

Based in Berlin, the company aims to transform the traditional banking and how individuals spend, send and save money. Scalable Capital is a digital investment service that uses proprietary software to pull together dynamic portfolios. It democratises investing, bringing services previously only available to institutional investors to the wider public at a fraction of the cost. The company was founded by Erik Podzuweit, Adam French, Patrick Pöschl, Stefan Mittnik and Florian Prucker in 2014. Spotcap is an online lender for small and medium-sized enterprises. The company was founded in 2014 by Jens Woloszczak and Toby Triebel, and is supported by Rocket Internet.