Qonto, €10m to develop its bank account services to SME, startups & independants in Europe

Created in 2016, Qonto provides an online bank account dedicated to the SMEs, startups & independants from €9 /week.

Among the services that the startup offers:

  • whole online account creation process, including the signing, based on the tool’s capability to find information on the subscriber organisation
  • automatic IBAN generattion
  • team members management, with “admins” or “members” rights
  • easy bank transfers & card creations
  • real time management
  • easy expenses registration service

With its new €10m fundraising, Qonto aims to conquer the whole Europe and to face the N26 (for individuals) & Monaize competition.

Detected via FrenchWeb

Axa bank killing Soon to gather its customers into the same bank account offer

soon-axa-banque-switchSoon was an “innovative” mobile bank service provided by Axa since 2014. It included all the standard bank account management & a Visa debit card.

When the historical companies are transforming to propose convergent & simplified offers to its customer, the French market also has to consider the new arrival Orange bank. To face it, Axa chose to stop the Soon commercialisation (planned for September) and migrate all corresponding customers (30.000) to its Axa bank account offer.

This kind of rebranding will include new services manageable from the app directly (e.g. card lock/unlocking, amount limitation) & a multi-channel support.

Detected via ITespresso

 

N26 & Clark, a new partnership to launch a full digitalised insurance solution

https://n26.com/content/uploads/2017/06/n26-insurance-iphone-android-white.jpgNo more need to present N26, the German startup that launched an easy way to open a bank account & manage it almost 2 years ago. After its partnership last September with Vaamo & the investment solution provided by the company, the neo-bank is now partnering with Clark in order to offer this time insurance services.

As Vaamo, Clark has developped an API that will give access to the N26 customers to a robo-advisor’s recommandations directly from the bank-app. The goal: “to improve their insurance situation” assessing all tariffs and scanning the product portfolio of 160+ German insurance providers.

Detected via Finextra

Yoyo Wallet, the UK mobile payment solution, raised £12m to expand its activity

Launched in 2013 in the UK (London), Yoyo Wallet is an easy-to-use app dedicated, for retailers, to identify their customers and follow their consumption and, for shoppers, to access to a secure mobile payment solution (including offline payments thanks to a QR code) & its loyalty program.

Easy registration for the shoppers using their email address (or Facebook account) then liking their  payment card. Yoyo do not charge any transaction fee.

With 440K+users & 1,700 POS already registered, the last Yoyo £12m raise will sustain the company’s expansion (partnerships with UK retailers, platform improvement & Europe conquest).

Detected via TechCrunch

Ayondo, or Bitcoin as the new currency for social trading

 

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Ayondo, the German FinTech group created in 2008, just launched the Bitcoin trading as the new product of its trading portfolio.

The idea ? To use the cryptocurrency rapid growth to provide its customers with “an easy access to the price movement of Bitcoin without the need to open up an e-wallet to purchase bitcoin in the Internet”.

 

Whether it is Bitcoin or more traditional currencies, the Ayondo functioning is based on social trading:

  1. the customer finds the “Top traders” he wants to follow depending on their performance, the nb of followers, their risk score, etc.
  2. he builds his portfolio simulating his investment performance regarding the traders selected
  3. he defines his strategy (e.g. automatic trading execution depending on the top traders followed) & starts to invest (£1K min paid by card to follow 5 top traders – or risk-free account)
  4. he monitors the performances, of his own investment as the one of the “Top traders” he follows through the dedicated trading platform (computer or  smartphone TradeHub platform)

Detected via Finextra

Neos smart home assistance: when prevention is the keyword

What seems new with Neos? Its offer is nothing else but a whole prevention and assistance smart home system coupled with a conventional home insurance (instead of the traditional insurance services for which the IoT systems are sold as additional packages).

In other terms, Neos focuses on prevention before damages management.

With its whole integrated services, as soon as an offer is subscribed, the start-up provides its new customer with the whole equipment free installation and the ability to manage real-time and fast diagnostic in case of incident notification (water leak, intrusion, etc.):

  1. issue confirmation by chat/phone (or call to a neighbour if the customer is not at home)
  2. emergency measure application
  3. automatic repair process launching when needed

Detected via C’est pas mon idée ! [French]

Element AI, an AIaaS platform for all companies to access to AI technologies

Created in 2016 in Montreal, Element AI aims to provide all companies with an AIaaS platform (AI as a service). While only big companies as Google are able for now to build their own AI solutions from scratch, the start-up wants “to lower the barrier for entry for commercial applications in AI“. The idea has already convinced as the Canadian company has just raised $102b to develop its incubator.

Detected via TechCrunch