UK-based crowdfunding platform Seedrs is laying off 15 percent of its European workforce. The company is closing offices in Spain and Sweden. However, the company is not withdrawing from those markets. It will still offer its services there.

Online broker Trade Republic has generated its first net profit in its financial year to September 30^th 2023. The milestone comes five years after the platform’s launch. According to the company’s founder, Christian Hecker, it now has 35 billion euros in assets under administration.

Latvian lending platform Mintos has launched a new product: Mintos Core ETF. The platform curates a collection of ETFs, personalized to user’s profiles. By doing so, it wants to simplify the process of investing in ETFs and ensure accessibility for all types of investors.

European online investment platform, Scalable Capital, has raised 60 million euros in equity financing. This round brings the company’s total funding to 326 million euros. The company wants to use the funding to achieve further growth.

A year ago, international peer-to-peer lending platform Monefit launched its automated investment solution called SmartSaver. The solution has helped the platform create a value of 900 thousand euros within a year. “We are really happy to see that thousands of people all around the world are using Monefit SmartSaver to meet their money goals”, says Monika Niebelska, VP of Product.

The recently launched peer-to-peer investing platform Maclear offers European investors the opportunity to invest in businesses based in Switzerland or the European Union. To attract more investors, it currently offers a bonus to new customers.

Last Friday was the deadline for the new European Crowdfunding Service Provider deadline. Crowdfunding platforms that were not able to obtain the license are not allowed to publish new crowdfunding projects within Europe. Within the Netherlands, almost all of the biggest platforms were able to get the license in time.

Exchange-traded funds (ETFs) have rapidly gained popularity in the United States with 30.7 percent share of market turnover in 2022. However, their growth in the United Kingdom has been comparatively slower, with an average traded value on the London Stock Exchange of 8.03 billion British pounds in September, which accounts for roughly 10 percent of total average daily turnover.

German online broker Trade Republic is adding a new product today: fractional bonds. From now on, customers can invest in 500 liquid government and corporate bonds. This should provide investors with higher long-term interest rates.

German alternative financer Auxmoney has acquired a majority stake in Lender & Spender, a Dutch peer-to-peer investment platform. It is Auxmoney’s first acquisition, but it is already thinking about further growth through future acquisitions.