Sifted - Banking the ultra-wealthy ⛵

Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here.

 Fintech 

 

Banking the rich and famous


Private banks — the kind used by the ultra-wealthy — are getting a dose of digital innovation. 

Today Alpian, a Swiss banking app for millennial millionaires, announces a $12m raise. Want to join? You'll need €95,000 for starters.

Isabel Woodford finds out more about making apps for the minted.

🤙 Spending across borders? There’s a smarter way 🤙


Managing business spend in different countries is no mean feat. Thankfully, Soldo's multi-user, multi-currency platform puts business-wide spending in one place. 

Find out more here. [Sponsored post]

 Strategy 

 

How to change course with your startup


If you haven't rethought your business plan since the crisis hit, you might want to do that ASAP. 


"We are expecting people to adapt; there’s no choice right now," investor Jérome Joaug told Sifted during a panel discussion last week.

But what do founders need to know before pivoting their business, or making significant changes? Find 10 top tips here.

 Government 

 

Germany starts doling out startup support


It's been a little while coming, but the German government's €2bn state aid package for startups is now ready to roll.

More information about what that financing looks like has now emerged — but questions remain.

Julia Neuman in Berlin dives into the details, and the debate.

🗻 Scaling advice for B2B startups 🗻


It's hard for B2B companies to grow globally. Many fall into the same traps — like building custom products, or focusing too much on new leads rather than existing customers.

To avoid those mistakes, read this step-by-step scaling guide. [Sponsored post]

 Robotics 

 

Post-Covid, robots rule


In the age of social distancing, robots are likely to be more useful than ever. 


Starship, an Estonian startup, currently has 70 of its small delivery robots whizzing around the UK city of Milton Keynes and is expanding into new neighbourhoods every week.

And it's not the only robot startup finding itself more popular than ever. Maija Palmer finds out more about the role of robots in the post-lockdown world.

News that matters

 

🎮 Buzzy French startup Back Market has raised $120m from Goldman Sachs and other investors. The refurbished electronics marketplace has seen sales double during the crisis, with used laptops and Playstations among the most popular items. Marie Mawad finds out more.


💁‍♀️ Founders backing founders. The Fund, an early-stage investment firm part funded by a network of founders and operators, has launched in Europe. It will write $50,000-100,000 cheques and source deal flow via its members. Amy Lewin finds how the model works. 

🛁 A squeaky clean funding round. Oxwash, an Oxford-based sustainable laundry startup has soaked up £1.4m in seed funding.

🛵 Tier launches e-mopeds in Berlin. The German mobility startup continues to work towards its multimodal master plan, two months after it acquired 5,000 e-mopeds from now-closed scooter service Coup.

🥗 Uber Eats exits seven markets. And three of them are in Europe — Romania, Ukraine and the Czech Republic. Some startups in the online food space are still sizzling though — but for how long?

💳 N26 taps the market for another $100m in tough times. The Berlin-based challenger bank announced a $100m+ extension of its Series D funding, bringing the total funding round to $570m. It’s in the process of applying for a fintech licence in Brazil.

🔦 Passing the CEO torch. Mandeep Singh, cofounder of e-commerce platform Trouva has announced that he’s handing over the CEO role to his cofounder Alex Loizou.

🔬 Funding chemistry. Liverpool ChiroChem, a UK-based chemtech startup focusing its R&D on drugs for dementia, cancer and more, has secured £2.25m in funding from Deepbridge Capital and Praetura Ventures.

Head of Brokerage Operations, Freetrade, Leeds
Senior Manager (Early-Stage Clinical Development), Orchard Therapeutics, London
Engagement Manager, Iberia, Tractable, London
Strategic Onboarding Manager, CloudMargin, London
Senior Software Engineer - Security, Form3, Remote

Check out our jobs board if you are looking for a job in fintech or product.

Sifted Suggests 


🚴‍♂️ Cycling, virtually. What was already a relatively popular sector before Covid-19 has seen a further boom as people swap outdoor biking for a virtual spin in idyllic global locations. More from the FT here.

🌐 The inevitability of the internet. Om Malik’s insightful piece explains why through every downturn, technology adoption becomes widespread, rather than a luxury endeavour. And the latest pandemic has amplified this further.

⏳ A VC’s purpose in the new world. ACT Venture Partners calls out how VCs should take new purpose-driven approaches surrounding AI, health and more in response to Covid-19.

Sifted resources

Amy Lewin
Deputy Editor


Get in touch with her at amy@sifted.eu.
She loves a bit of reader feedback.
Follow the whole Sifted team for news and views: 
@MStothard@amyrlewin@maijapalmer@MimiBilling@kittygknowles@johnthornhillft, @i_woodford, @Marie_a_Paris@KitGillet@timmpsmith, @connorbilboe
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Older messages

An enormous fintech flop  😱

Monday, May 4, 2020

Women in fintech | Greentech unite! | Kissing in lockdown Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Dating Video dates are here to stay The dating

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