Credix raises €11.3M to create credit platform on blockchain tech
Small businesses in rapidly developing economies like Brazil have a hard time obtaining bank loans. They can be incredibly expensive, with interest rates that can reach 100% per year. As a result, many companies turn to smaller lending firms for funding. Over $10 billion has been loaned by these firms; they charge lower interest rates […]
Magnax closes €20M to develop power efficient electric vehicles
Belgium-based Magnax that develops motors for electric vehicles has closed €20 million in funding. The round saw participation from new investors – BIG Capital leading the round and SFPIM. With this round, the total funding raised by the company accounts for €36 million. Prior to this round, Magnax secured €16 million in Series A funding led by […]
Setle secures €1.5M to make renovations more sustainable and transparent
Setle is a Belgian startup that has secured $1.5 million in funding. KBC, a Belgian bank that previously funded Pharrowtech, led this investment round. With this partnership, Setle plans to enter the real estate market as a reliable partner. New Pilot Projects This Autumn KBC Bank’s Setle platform will begin multiple pilot projects in the […]
Qviro gets €1M in Growth Capital
Qviro, a company, based in Belgium, that offers review platforms to factories and engineers, received €1 million in growth capital from LRM, Industrya and imec.start. Qviro’s platform uses the Industry 4.0 release to launch an online market. In the past, the business received support from the VBS Entrepreneurship Fund, Vlaio, and Digital Attraxion. Helping in […]
