Monite is a Berlin-based embedded finance startup, which is already active in the US, UK, and major European economies, despite being at Seed Stage. With their API partners like B2B neobanks, SaaS companies & marketplaces can embed Invoicing, AP Automation, and more in 3–5 weeks. They are looking for next year for their next funding and start to offer contract management.

We really want to make sure, that anyone who wants to offer workflows with financial documents … can integrate it with us. Ivan Maryasin, CEO & Co-Founder Monite

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The revolution is yet to happen for CFO tools.Ivan Maryasin, CEO & Co-Founder Monite

Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/

A startup’s journey can be a tough one, but it doesn’t have ́to feel like you’re alone on your quest! Invest in others’ success with us by joining our community of entrepreneurs who are building amazing things every day — no matter how big or small their ideas may seem at first glance.

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Our tool could be build by bigger players in 12–18 months, but we give them an API with which they can start earn revenue in a few weeks.Ivan Maryasin, CEO & Co-Founder Monite

Our guest is today Ivan Maryasin the CEO and Co-Founder of embedded finance startup Monite. He worked in Moskow, Boston, and the Bay Area, and finally ended up in Berlin in the early team of Penta, as head of growth. He left Penta, when he saw the opportunity for embedded finance tools, especially for CFOs, in order to set up Monite.

Monite is an embedded finance startup, that enables non-financial companies to add financial functions without holding a license. The tool of Monite helps startups and SMEs automate some of their finance workflows. They enter the market another way, they are not offering their services to the clients directly, but enable the service providers to offer accounting and financial services, e.g. Qonto, and Penta.

They currently offer payables automation and receivables automation. Monite is currently available in the US, UK, and major countries of the EU.

In 2023 they will focus on contract management, to integrate in their functions.

https://medium.com/@startuprad_io/meet-monite-they-make-the-life-of-cfos-easier-startuprad-io-257afdc8be79

finance, treasury, embedded finance, treasury function, financial management, startup financial management, integration, saas, api, accounts payables, usa, uk, eu, germany, france, venture capital, hiring, open positions

Germany is preparing for a potentially rough winter, in many ways. Now Environmental Action Germany (Deutsche Umwelthilfe): Asked Germans not to put up any Christmas lights this season. Startups in GSA keep laying off staff, but also raising significant funds. We have our usually shortened list a bit longer this month, to show that it is not all gloom and doom here. You will also notice that the M&A activity is up, totaling 55 bn US$ in summer 2022 (for all of Europe), and is still going strong.

Let’s talk startups:

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Find all links, news and show notes here: https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-september-2022-53339fae6ca7

Everphone started with their first fundraising for Series C in December 2021 and now make an additional closing of 32 mn Euros, which totals — according to PitchBook 232 m US$ Series C for their device-as-a-service model

European crypto app downloads have almost halved from 2021 amongst the biggest drops are Blockchain.com and unicorn Bitpanda.

Sifted writes “Beleaguered Austrian crypto trading platform Bitpanda saw a 65% decrease in app downloads from 563k in H1 2021 to 197k in H1 2022. In June, the company laid off a third of its employees, admitting that it had hired too fast and needed to cut back expenditure amid the crypto market rout.” VCs keep an eye on their investments and the app downloads are a proxy for growth here for them.

Yes, they are not startups, but it gives you a great overview of the current environment, also for the startups

• Automotive supplier Dr. Schneider has to file for insolvency with 4000 people employed there

Lots of mergers in monetizing podcasts, the first Julep from Munich was bought by Libsyn and now London-based Auddy buys Vienna-based Audiomy

Keep in mind here, that most startups are likely not in financial trouble, but they rather try to extend the money they have already raised. The consensus seems to be cutting 15–20% of the workforce for most startups.

• Berlin-based escooter company Tier fires...

This episode is part of our Subject Matter Expert Interviews. It will be one in a series over time, keeping up with the development of the central banks and their digital currency. This episode is just the start! We talk to Kimmo, a regtech entrepreneur, who formerly worked at central banks of Finland, Norway, Bank of England, ECB, and the Fed in New York City. This episode is a starting point for us, from which we will dive deeper, keeping up with the developments on CBDC.

At the Federal Reserve in New York I siumlated attacks on critical infrastructure on the back of the 9/11 attacks.Kimmo Soramäki, Founder and CEO of FNA

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We work with a lof of clients with three letter acronyms. So we decided to name our company financial network analytics, FNA.Kimmo Soramäki, Founder and CEO of FNA

This episode is part of our Subject Matter Expert Interviews. It will be one in a series over time, keeping up with the development of the central banks and their digital currency. We talk to Kimmo, a regtech entrepreneur, who founded with FNA a company that helps banks, central banks and financial institutions. He has already advisde the central banks of Finland and Norway, been a visiting researcher at the Bank of England and expert at ECB. He also spents a year as research economist at the Fed in New York City. His first software simulated for finish banks the impact of joining the euro zone.

When the financial crisis 2008 came, we realized that we don’t need an outside attack on the symstem to destabilize it. Kimmo Soramäki, Founder and CEO of FNA

A startup's journey can be a tough one, but it doesn't have ́to feel like you're alone on your quest! Invest in others' success with us by joining our community of entrepreneurs who are building amazing things every day - no matter how big or small their ideas may seem at first glance.

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central banks, central bank digital currency, digital currency, bank of english, federal bank, federal bank of new york, bank of england, currency, timeline, cbdc, stable coin, usd coin, us dollar stable coin, euro stable coin, cny, chinese yuan, chinese stable coin, yuan stable coin

Startups in GSA did better than expected. We had a few insolvency filings, but also amazing fundraisings like Celonis 1 bn US$ combination of equity and debt funding. Insuftech Wefox raises 400 m. One can already see the signs of a downturn, M&A activity going up, as well as the news about insolvencies or job cuts/ hiring freezes. But — according to a Bikcom survey — 8 out of 10 startups are still hiring. Deal time our recent guest Qonto buys former guest Penta and there was more in a B2B neobank deal week. Even Allianz had to learn, that one can not buy fintech success and there is more news on Wirecard.

We will also bombard you with funding data on Germany, Austria, and Switzerland, as well as global numbers. Keep in mind you can read all our news on our blog https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-summer-2022-wrap-up-603e2c1939ae

Celonis remains a success story with a 400 million Series D extension and a 600 mn US$ credit facility, at a valuation of nearly 13 bn US$. They are cementing their spot as Germany’s most valuable startup as well as its only decacorn. They do process mining and help to identify unrealized efficiencies. Right now, they’re helping with supply chain issues, for example.

Wefox, the Berlin-based insurtech, closes USD 400 million Series D round at 4.5 bn Dollar valuation

• German crypto startup Nuri had a streak of bad luck. First, they announce to cut almost 20% of their headcount, then millions of their client’s money is frozen with Celsius and now a blog claimed it all hit during fundraising

• Neobrokers close to the edge: No good news from the SEC report on the poster child of all neo-brokers. Unfortunately, there is no report for Germany mentioning e.g. Trade Republic

B2B Neobanks Had a pretty big Deal Week

Qonto Announces Plan to Acquire Penta https://buff.ly/3zwPCI3 as we have predicted two weeks before https://buff.ly/3zxUSeH we have extensive coverage of Penta from the past linked in the article, as well as an interview with Qonto’s head of Germany. Also Kontist was selling itself at a pretty hefty discount https://buff.ly/3c9pmuF

Viability of Quick Delivery Business Model still Questioned

• After only one year: Gorillas is closing shop in Belgium. Efarmz is taking over parts

French neobank unicorn Qonto announced their 486 m Euros in Series D funding at 4.4 bn Euro valuation in January 2022, with a global Who-is-Who of investors. 100 m Euros of this record funding will go into their expansion in the German market, competing with Penta, N26, Holvi, or Deutsche Bank’s Fyrst. So we talked to Torben Rabe Qonto’s Country Director for Germany about how they want to compete and reach their goal of 1 million customers by 2025.

A startup’s journey can be a tough one, but it doesn’t have ́to feel like you’re alone on your quest! Invest in others’ success with us by joining our community of entrepreneurs who are building amazing things every day — no matter how big or small their ideas may seem at first glance.

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Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in June 2022 by Startuprad.io. My co-host is again Chris from New York. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, and our partner station IBGR.Network.

We recorded this new episode on Monday, June 27th, 2022. Keep in mind, that we will have a summer break and be back for you with another news episode on Labor Day, which is September 5th, 2022. In this episode, we will wrap up July, and August.

As always: All news not yet included here will be published in our next news episode in September.

We will also slightly change our publication schedule for this July and August, mostly going to one publication every two weeks. You can keep up to date with our Google Calendar for all publications.

Startups in GSA also shedding headcount, including unicorns that recently raised money. All signs point towards them extending their runway, expecting a recession. Some startups face a challenging fundraising environment, but others like WeFox want to almost double their valuations. Also, Personio and Trade Republic raise additional funds.

In our “stay ahead of the curve” section, we have a lot of articles an entrepreneur should read to prepare for the potential downturn.

German economic minister Habeck is unveiling his new startup strategy, considering even a minimum investment in VC Funds for German insurers and pension funds.

The fast delivery startups seem to hit a wall and even formerly mighty Gorillas now explores strategic options.

Let’s talk startups: https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-june-2022-2651b2b64fe

AlphaQ is a new fund of VC funds, headquartered in Berlin. They are not only raising money to invest in VC funds, but they also swap shares in existing VC funds for shares in their Fund of Funds. In our interview Stephan, the founding partner also elaborates on their investment strategy.

Over the last years venture capital has outperformed most other investment classes, but now we see a correction in valuations. Stephan Heller, Founding Partner AlphaQ 

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The goal of one billion is only the minimum size for us to list. Our earliest listing window is in 2026.Stephan Heller, Founding Partner AlphaQ 

A startup’s journey can be a tough one, but it doesn’t have ́to feel like you’re alone on your quest! Invest in others’ success with us by joining our community of entrepreneurs who are building amazing things every day — no matter how big or small their ideas may seem at first glance.

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Find all links and show notes on our blog post here: https://medium.com/@startuprad_io/meet-alpahaq-they-are-on-their-way-to-becoming-a-one-billion-euros-fund-of-vc-funds-1b182c1319cc 

We want digital debt to be registered, issued, transferred and eventually traded on our infrastructure. Benedikt Schuppli, Co-Founder and Co-CEO of FQX

FQX is a Zürich, Switzerland-based fintech with great aspirations. They want to digitize company debt and this digital debt to be registered, issued, transferred, and eventually traded on their infrastructure.

Promissory notes are known around the financial world. These instruments are fairly standardized. So, if you put this on a blockchain, you have an extremely powerful financing tool. Benedikt Schuppli, Co-Founder and Co-CEO of FQX

This time we interview Benedikt Schuppli (https://www.linkedin.com/in/benedikt-schuppli/), a founder from Switzerland. He is the co-founder and co-CEO of FQX (https://fqx.ch/), a fintech startup from Switzerland offering electronic IOUs. Benedikt is a lawyer by training but took his first job after graduating with a Swiss fintech pioneer named Lykke as Chief Legal Officer. He there realized he wanted to be an entrepreneur and co-founded a smart contract startup called Lexon.

FQX (https://fqx.ch/) is based in Zürich, Switzerland. Promissory notes, a version of IOUs is a stable of company funding in the German speaking area. Now with digitalization they get the ability to become much more widely used and listed on capital markets globally. A single issuance of promissory notes by one issuer is normally between 50-150 million Euros each. According to a recent statistic Q2 2021 alone saw the issuance of promissory notes worth 2,5 bn Euros in Germany, compared to 3,2 bn Euros in Q2 2020. Right now, they have a premium for not being tradable, but this is about to change with FQX.

Learn more here: We want digital debt to be registered, issued, transferred and eventually traded on our infrastructure. Benedikt Schuppli, Co-Founder and Co-CEO of FQX

FQX is a Zürich, Switzerland-based fintech with great aspirations. They want to digitize company debt and this digital debt to be registered, issued, transferred, and eventually traded on their infrastructure.

Promissory notes are known around the financial world. These instruments are fairly standardized. So, if you put this on a blockchain, you have an extremely powerful financing tool. Benedikt Schuppli, Co-Founder and Co-CEO of FQX

This time we interview Benedikt Schuppli (https://www.linkedin.com/in/benedikt-schuppli/), a founder from Switzerland. He is the co-founder and co-CEO of FQX (https://fqx.ch/), a fintech startup from Switzerland offering electronic IOUs. Benedikt is a lawyer by training but took his first job after graduating with a Swiss fintech pioneer named Lykke as Chief Legal Officer. He there realized he wanted to be an entrepreneur and co-founded a smart contract startup called Lexon.

FQX (https://fqx.ch/) is based in Zürich, Switzerland. Promissory notes, a version of IOUs is a stable of company funding in the German speaking area. Now with digitalization they get the ability to become much more widely used and listed on capital markets globally. A single issuance of promissory notes by one issuer is normally between 50-150 million Euros each. According to a recent statistic Q2 2021 alone saw the issuance of promissory notes worth 2,5 bn Euros in Germany, compared to 3,2 bn Euros in Q2 2020. Right now, they have a premium for not being tradable, but this is about to change with FQX.

Learn more here:

Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in May 2022 by Startuprad.io — in a news recording with Christian Fahrenbach from New York City and Jörn Menninger, from Frankfurt. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, and our partner IBGR.Network.

We recorded this news episode on Thursday, May 19th, 2022. The next news will go live on June 30th. Keep in mind, that we will have a summer break afterward and be back for you with another news episode on Labor Day September 5th, 2022. In this episode, we will wrap up July, and August.

As always: All news not yet included here will be published in our next news episode in June.

We will also slightly change our publication schedule in the summer — as we have done before. For July and August, we will only post a new episode every other week (July 14th, 28th, and August 11th, as well as August 25th). We will be back to normal at the start of September.

We also partner with Artic 15 you get a discount with our code in the show notes at www.medium.com/startuprad-io

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We can proudly announce unicorn No 29 Taxfix, No 30 Onefootball and on the downside, RaisinDS loses its unicorn valuation. Really bad news for car sharing: BMW and Mercedes pull the plug on their joint venture. Our 2018 guest ProGlove is sold in a 500 m € deal (525 m US$) and Orderbird is sold in a 100 m € deal (105 m US$). Other unicorns are currently on the hunt for new capital and feel the heat of the current funding environment.

Let’s talk startups:

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:

Tech Startups Germany This is Tech StartUps Germany by Startuprad.io, a global top 125 Tech Podcast. You will find interviews with all sorts…techstartups.sounder.fm

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Exaloan started out as a rating agency for digital assets. They developed into a global platform to connect crowdlending platforms and institutional investors. They started out with the rating of digital assets. Soon they realized that it makes more sense for them to help investors with the access to lending platforms and building of their portfolio in crowdlending assets using tokenization.

Our mission is to close the global financing gap, which is a staggering 5.2 trillion US$, which means there are more than 100 m SMEs that are lacking financing.  Luca Fignani, co-founder and CEO of ExaloanWith our partners we have created a tokenization engine, a digital asset platform, on which we can create a digital token for the loans, we have sourced from crowdlending. This is really a step to the next level. We are joining digital assets with digital lending.  Luca Fignani, co-founder and CEO of Exaloan

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Our guest today is Luca Frignani (https://www.linkedin.com/in/luca-andre-frignani/), the CEO and co-founder of Frankfurt based fintech Exaloan (https://www.exaloan.com/). He is an original Frankfurt boy, with roots in Italy and Czech Republic. Since he is already very international, he spent quite a bit of time studying in France Lille and Nizza. He also spent time in London and Zürich. At one time he also worked as a quant analyst, developing investment strategies.

Development banks are seeing crowdlending platforms are a very important tool.Luca Fignani, co-founder and CEO of Exaloan

Exaloan (https://www.exaloan.com/) is a Frankfurt-based fintech company. They are a rating agency for digital assets. It is also working with its clients to give them access to international crowdlending platforms and help them to build a portfolio. They are cooperating with platforms in Germany, Vietnam, Singapore, Indonesia, and the Philippines, just to name a few.

... learn more on our blogpost at www.medium.com/startuprad-io