German Fintech Firm figo Secures Over $7m in Funding from Deutsche Börse

[kreslik.news]

The German fintech sector is starting to flex its muscles, with the Hamburg-based startup figo securing almost $7.2 million (€6.8 million) in Series B financing, with additional investments coming from DB1 Ventures, the Corporate Venture Capital arm of Deutsche Börse Group.

figo is a provider of comprehensive fintech solutions and services to help support firms overall Payments Services Directive strategies (PSD2), which will dramatically impact multilateral interchange fees (MIFs). figo has strategically placed itself at a key point in the payments realm, helping build a new banking infrastructure in a world hamstrung by open APIs.

Presently, PSD2 is one of the key ... (read more)