FinTech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m

Today we have some big industry updates from Europe. Let’s start with breaking news from Portugal where FinTech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m, advancing its business solutions.

FinTech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m

Today we have some big industry updates from Europe. Let’s start with breaking news from Portugal where FinTech super-app Rauva is to acquire the bank Banco Empresas Montepio for around €30m, advancing its business solutions.

This acquisition will enable Rauva to introduce financial offerings tailored for small-to-medium-sized enterprises, freelancers, and entrepreneurs, including innovative credit solutions.

Currently, Rauva's platform encompasses digital banking, payment services, issuance of both physical and digital cards, and business expense and accounting management.

Meanwhile, in France, Swan has announced a €37 million Series B investment round.

The driving force behind this latest infusion is Lakestar, accompanied by the show of confidence from Swan’s existing investor cohort.

The fresh capital signals the onset of Swan’s renewed international ambition.

Mark your calendars, for Swan will soon be flying its banner in the Netherlands and by early 2024, will find a home in Italy. Looking forward to welcoming them in Amsterdam soon!

But of course, there is more news from the Global FinTech industry. Let’s dive in:


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