Financing platform Invesdor has received the European Crowdfunding Service Provider license. It is the first platform in the DACH region to do so. The company wants to become a leading provider of crowdfunding services in Europe with this new license.

While tech companies have historically received high valuations, company shares have been traded below asking price on secondary markets lately. According to secondary markets platform Forge Global, the gap between asking price and bids is currently 22 percent. This has resulted in a dramatic decrease in trade volume.

EvenFi, a peer-to-peer investment platform from Italy, has raised 2.2 million euros. The startup will use the investment for further growth as well as product development. The funds came in part from its own investor community.

German trading app Trade Republic is giving all of its customers a yearly 2 percent interest on their cash balance. It is calculated in real time and deposited each month, enabling users to accrue compound interest. The interest applies to cash balances up to 50,000 euros.

Investors have invested more than 100 billion euros in European tech startups during 2022. A year earlier, these startups raised more (118.8 billion euros in total). The difference is linked to difficult market conditions in the past year.

Property lending platform Assetz Capital is stopping peer-to-peer lending to be funded by institutional investors only. Existing retail loans will be run off in a few years. Assetz Capital points to rising interest rates and lowering demand as the reason.

Dutch online broker Bux has acquired the retail arm of its Spanish rival Ninety Nine. Bux launched its mobile app in Spain last year and the acquisition will boost its presence. Ninety Nine will continue operating, but no longer covers the retail investor market.

Eight platforms are now approved for the new European licence for crowdfunding providers. Dutch platform NLInvesteert is the latest to receive the go-ahead. Crowdfunding platforms were supposed to be approved before November 10th, but the deadline has been pushed to next year.

Dutch crowdfunding platform Oneplanetcrowd has been acquired by the Finnish Invesdor Group. As a result of the takeover, together, the companies have invested over 438 million euros in sustainable companies. Both platforms will continue operating under their own name.

Latvian peer-to-peer lending platform Mintos has reached a new milestone of 500,000 registered users. During this year, an average of 4,372 new users registered each month. The platform expects to continue growing its customer base next year.