Author: PCN

banking ecommerce europe fintech

Budget Insight raises $35 million and Volt teams up with Mercuryo

Budget Insight raises 35 million dollars in funding from PSG Equity, a leading growth equity firm. Budget Insight is the leading aggregator of banking and financial data in France and a pioneer of Open Finance in Europe. It provides tech solutions for an ecosystem of more than 200 businesses and institutions, including some of the largest French banks, insurers, asset managers, and leading fintech companies. This new partnership allows the company to develop new products and significantly expand its European reach, thereby cementing its position amongst the leaders of Open Finance. The company plans to largely increase its workforce by 2025 and has already announced 50 positions to be filled in 2022, to grow its tech, product and sales teams.

Dutch fintech Payaut raises 8 million euros from Gradient Ventures, Google’s AI-focused venture fund. The funds will be used to expand the company’s operations in Europe, including the creation of a multicurrency platform. Founded in 2019, the company functions as an intermediary between sellers and payment service providers, allowing marketplaces to use various providers such as Mollie, Adyen, PayPal or Stripe at the same time instead of being limited to just one.

Volt has teams with Mercuryo to help the crypto payments business offer Open Banking payments to its two million customers around the world. Thanks to this partnership with Volt, Mercuryo users will be able to acquire cryptocurrencies in real time, via an Open Banking, account-to-account transfer, with funds leaving their bank account and their purchased cryptocurrency being transferred immediately into their Mercuryo wallet in a timely way.

About You, a German fashion company, has introduced Hyperwear, a new digital fashion marketplace. The online retailer owned by the German e-commerce giant Otto group, hopes to deliver fashion NFTs to the general public in this way. To ‘wear’ the digital fashion, customers must upload a photo on the NFT platform. Following that, the fashion products will be tailored to the user in a digital fitting. Luxury fashion brands such as Bulgari, Prada, Cartier and Louis Vuitton have all also recently jumped on the NFT fashion trend.

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