Ondato, a Lithuanian digital and biometric authentication startup, raised $2 million in seed funding and announced its expansion into Europe naming London as its new headquarters. The business will now be based in London’s Canary Wharf district. Following the capital raise from B2B accelerator Startup Wise Guys and venture firm OTB Ventures, Ondato now looks to expand…
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Three predictions for FinTech Infrastructure in 2021
Many small businesses who tried to apply for a Paycheck Protection Program loan during the early days of the pandemic can tell you what a nightmare it was. I know, because it happened to my mother. In addition to my family’s tea company, which I wrote about here, my mother operates her own small business supplying…
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Lithuanian-based fintech startup SME Finance raises €80 million in funding, the largest European Investment Bank financing awarded to a fintech lender
SME Finance, a Lithuanian-based fintech startup and leading fintech platform for non-banking financing in the Baltic states, today announced it has received €80 million in back from the European Investment Bank (EIB) to support small and medium-sized Lithuanian, Latvian, and Estonian enterprises in the transport, retail, wholesale, production, and services sectors. The investment is the largest EIB investment…
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Italian challenger bank Aidexa raises €45 million
Aidexa, an Italian challenger bank for SMEs, has raised €45 million in seed financing. Founded by Roberto Nicastro, former general manager of Unicredit, Aidexa intends to use a combination of AI and Open Banking to target the seven million businesses in Italy with a turnover of less than €10 million. The startup, which plans to…
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