• Acquisition built on a successful existing partnership
• Demonstrates SAP Fioneer’s commitment to innovation in financial services
• okadis brings expertise in financial accounting, regulatory reporting and analytical banking within the German financial services industry

SAP Fioneer, the leading global provider of financial services software solutions and platforms, has acquired a majority stake in okadis Consulting GmbH, the consulting company and SAP software house based near Frankfurt, Germany.

TrustQuay has today announced the launch of TrustQuay Online, the first complete end to end cloud-native SaaS platform for corporate services and trust administration providers. TrustQuay Online is a fully digital entity management, client accounting, general ledger and practice management SaaS platform, enabling providers to meet their corporate and private wealth clients’ regulatory requirements as well as manage their own business in a simple to use, highly automated way at a significantly reduced total cost of ownership.

This is the first time Zopa bank turns a profit, making it one of the fastest digital banks to achieve profitability ever.

We expect to remain profitable from this point onwards, continuing our accelerated growth.

The news will be announced later today from the Innovate Finance Global Summit by Zopa’s CEO Jaidev Janardana.

More context and some figures:

Consumers Credit Union (CCU; $3.0 billion) recently purchased a building in Lake Forest, IL to serve as the credit union’s new corporate headquarters. Located in the prestigious Conway Park office park, CCU’s new headquarters will provide the fast-growing organization with the space, infrastructure and a centralized location that will better enable its nearly 500 employees to continue to collaborate and innovate to meet the evolving financial needs of over 191,000 members.

• €15M seed funding co-led by Lakestar and Lightspeed, with participation from Creandum and System.one, as well as angel investors from companies including N26, Public.com, sennder, Taxfix, Finoa and Stripe
• lemon.markets to launch its industry-disrupting stock trading API in Germany, with further markets to follow
• The fresh capital will be used to continue driving product development and growing its team, particularly building its regulatory expertise 

Global study finds 18% of UK adults own cryptocurrency, with nearly half (45%) investing for the first time in 2021

Almost one in five (18%) UK adults own cryptocurrency, according to new research from cryptocurrency platform Gemini. The 2022 Global State of Crypto Report suggests crypto adoption has accelerated rapidly in the last twelve months, with nearly half (45%) of these investors first buying in the past year. Over a third (35%) of UK cryptocurrency investors are female.

Azentio Software, a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has been included in the reports Now Tech: Digital Banking Processing Platforms (Retail Banking), Q1 2022 and Now Tech: Digital Banking Processing Platforms (Corporate Banking), Q1 2022, published by leading research and advisory firm Forrester.

Mollie and WooCommerce build long term partnership to grow global footprint together

• The funding round was led by Fidelity International Strategic Ventures, existing investors plus new investor Polar Capital, and brings total funds raised by the digital wealth manager to £95 million
• Founded in 2016, Moneybox supports a community of more than 800k customers as AUA grows >100% YOY
• Moneybox also announces a second crowdfunding campaign, to enable customers to share and shape its future success