NamesCon 360° becomes NamesCon Online NamesCon just changed the name of its forthcoming event in September 9-11 2020. NamesCon 360° becomes NamesCon Online after NamesCon got a new sponsor that is of course Radix registry and its .online extension. Radix is what NamesCon call a diamond partner. And of course the new name comes with a new domain name: “To … Th…

Banking platform solarisBank raises $67.5 million at $360 million valuation

Despite the Wirecard fallout, German fintech startup solarisBank has raised a Series C funding round of $ 67.5 million (€60 million). Following today’s funding round, solarisBank is now valued at $ 360 million (€320 million). solarisBank doesn't have any consumer product directly. Instead, it offers financial services to other fintech companies through a set of APIs.

With solarisBank, you can build a fintech startup and leverage solarisBank’s line of products to do the heavy lifting. It’s an infrastructure company in the banking space.

While solarisBank might not be a familiar name, some of its clients have become quite popular. They include challenger banks, such as Tomorrow, Insha and a newcomer called Vivid, business banking startups, such as Penta and Kontist, trading app Trade Republic, cryptocurrency startups Bison and Bitwala, etc.

Overall, solarisBank works with 70 companies that have attracted 400,000 clients in total.

HV Holtzbrinck Ventures is leading the round with existing investor yabeo committing a substantial follow-on investment. Other new investors include Vulcan Capital, Samsung Catalyst Fund and Storm Ventures. Existing investors BBVA, SBI Group, ABN AMRO Ventures, Global Brain, Hegus and Lakestar are investing again.

The company started the fundraising process back in December. Due to the economic prospects, it has been a mixed process. “A lot of investors looked at their portfolio companies and the appetite to look at something new was not there,” solarisBank CEO Roland Folz told me. But everything worked out eventually as around half of the funding comes from existing investors.

“We originally were looking for €40 million but we were overwhelmed by the interest of investors in spite of Covid,” solarisBank Head of Strategy and Shareholder Relations Layla Qassim told me.

solarisBank’s vision could be summed up in two words — regulation and modularity. The company is a fully licensed bank, which means that its clients don’t have to apply to a banking license themselves.

And the startup lets you pick the modules that you want to use for your product. Maybe you’re building a mobile cryptocurrency wallet and you just want to be able to give an IBAN and a debit card to your users. Maybe you’re building a used car marketplace like CarNext and you want to offer credit. Maybe you want to build a challenger bank but address a specific vertical.

With solarisBank, you can open bank accounts and issue payment cards attached to those accounts. You can also issue cards and attach them to a different account in case you’re integrating with existing bank accounts. The startup also offers various services around payments, vouchers, cross-border transactions and more.

More recently, the company launched a new feature called Splitpay with American Express. When customers check out on an e-commerce platform in Germany, American Express customers will be able to choose a repayment plan to pay over multiple months.

solarisBank generates revenue from its clients as they pay to use the company’s APIs and enable accounts and cards. solarisBank also collects the interchange fees on card transactions and share revenue with its clients. Similarly, solarisBank can offer to share revenue on credit interests with its clients.

In the future, solarisBank plans to make its portfolio of financial services even more compelling by introducing local IBANs in the most important European markets. It should make it easier to convince potential clients outside of Germany to use solarisBank as their banking infrastructure.

Startups – TechCrunch

NamesCon 360° Ticket Price is $59 NamesCon organizers announced a virtual conference to be held this coming September. NamesCon 360° will be held virtually from September 9 – 11, 2020. At the time of the announcement, organizers had not yet made tickets available to purchase or announced ticket prices. This morning, tickets for NamesCon 360° went on sale for $ 5…

Tickets for NamesCon 360° start at $59 – Free for newcomers! Registration is now open for NamesCon 360°, the first NamesCon all-digital event. This conference will run in a custom online venue that will offer the NamesCon experience wherever you are. The conference runs September 9th-11th 2020. Read more details here. For the $ 59 ticket, you’ll get:  Access to great live and on-demand co…

NamesCon 360° Registration Opens – $59 Tickets, Free for Newcomers A NamesCon 360° email hit my inbox moments ago, and it appears their first all-digital event will occur online for just $ 59. If you’re an individual or small business that’s new to the industry, NamesCon is giving away a set number of limited passes. The conference will run from Sept 9th-11th, and aims to provide great live and on-de…

[Surgical Theater in PR Newswire] Surgical Theater Responds to COVID-19 Pandemic with Free Remote 360° VR Services

Surgical Theater, Inc., the market leader in virtual and augmented reality-based healthcare services, announced today that it will make available its virtual reality technology at no charge to any hospital in the world, seeking to navigate inside a COVID-19 patient’s lungs.

Read more here.

The post [Surgical Theater in PR Newswire] Surgical Theater Responds to COVID-19 Pandemic with Free Remote 360° VR Services appeared first on OurCrowd.


NamesCon 360° Addresses Covid-19 Crisis With Online Conference Coming September 9-11

 DNJournal: In the midst of a global pandemic safely getting people together is virtually impossible. NamesCon has decided the solution is to go virtual for a summer event.

The 360° benefits of building an inclusive startup team from day one

Cultural diversity at work is when a company is open to hiring employees regardless of their background, race, religion, culture and sexual orientation. However, building an inclusive team that also brings a sense of belonging and value to all members has to go way beyond committing to meet the targets and laws related to equality at work. An inclusive team gifts the company with different backgrounds, life experiences and points of view that can be the company’s strong suit, a way to attract new talent and enrichment for the team members themselves. 

Diversity and inclusion is a wide subject, but also an important one in the globalised world we live in. In this post we present some of the benefits of why it’s important and beneficial to build a diverse and inclusive startup team, from day one. 

Higher employee engagement

A team that feels valued and included is a group that will not only perform at the top of their game and be happy to do so, but they will also be brand ambassadors of the company. Having an inclusive team goes beyond a few team building activities and beers after work; at the end it comes down to the day-to-day. When employees feel accepted, empowered and valued they are more motivated, happier and more productive. It’s important that managers promote the benefits of a diverse team, but it’s crucial that the teammates do as well. Use lunch breaks or after work drinks to get to know your pals more personally and give them a chance to share their experiences and cultural background. 

Increased productivity levels

Building an engaged team starts from the very beginning, during the recruitment process. A professional that is looking to join a diverse team will feel included and understood from day one, so this is something to take into account for HR teams when designing onboarding processes and team integration during the first few weeks. In the day-to-day, a high level of inclusion and belonging within a diverse team means good communication, which means fewer misunderstandings and more productive working. 

Polyglot team with local market knowledge

With cultural diversity comes different languages and even different ways to speak the same language. English is the global language and a big part of the global workforce speaks it natively or to a high level. Covering many languages will come in handy with actions directed towards a specific target and/or country, and there will be no chance to get lost in translation. Languages like Spanish, Portuguese and French are spoken in many countries globally, and in very similar, but also different ways. Having people that speak the same language but are from different parts of the world is like having an ace up your sleeve. Aside from giving the company an advantage, for employees it also gives the team the chance to learn a new language. 

Improved cultural appreciation

A culturally diverse and inclusive workforce can go beyond increasing numbers and productivity. It opens a door for employees to spend more time with people from different backgrounds, which they are not normally exposed to. Getting to learn about different cultures, religions and even languages reduces negative thoughts such as racism, homophobia and sexism. 

Opportunity for younger generations

Age also is part of diversity. Quite a lot of companies open their door to university students and recent graduates to start their professional career. Sometimes interns are seen as employees that take care of the never-ending backlog of administrative tasks. Being an intern comes with doing some work that might not be the most fun, but to balance things out a bit, it’s important to also give interns, and juniors, a chance to work on more important projects. Give them chances to speak up and take their views and ideas into account. This will make them feel included, appreciated and will also increase their engagement. 

Attraction of top talent

The will to build a diverse team has to begin at the start line. Many companies add a passive message to their job descriptions in which they indicate that they will not discriminate against any candidate based on their gender identity, culture, disability, religion and/or sexual orientation, as well as during the interview process, but often it has to go beyond this, by actively promoting jobs to diverse communities to spread the word further. This could be, for instance, posting jobs on specific types of job platform, hiring a recruitment agency that helps place top candidates with disabilities, or getting in touch with University schemes. This gives top applicants from minority groups an active sense of inclusion that invites them to apply to the position. 

Increased creativity and faster problem-solving

People from diverse backgrounds tend to have different experiences and, therefore, unique perspectives. From instance, brainstorming for marketing and communications campaigns will be more creative and innovative with many different insights involved. Similarly, when it comes to giving a hand to customers, it’s important to have a multicultural and diverse customer service or sales team to find appropriate solutions. Additionally, on a wider scale, when a company is pulled through a crisis, hearing ideas on how to move forward from all sides of the table will lead to faster problem-solving. 

To read more about the benefits of a diverse team, have a read of our interview with Adeva’s CEO and co-founder Katerina Trajchevska. If you’d like some leadership insights on how to tackle discrimination in the work place, stay tuned.