FinTech news in barcelona category

The fourth fund will continue to focus on early-stage investments in enterprise software and deep tech, such as open source software, machine learning, quantum computing startups, finance, education and healthcare. Founded by the teams behind the Acronis and Parallels software companies, Runa Capital has so far more than 100 early-stage investments in Europe and North America. The first investments of the new fund include Barcelona-based embedded finance provider Hubuc and Paris-based open source enterprise software developer OpenReplay. Technology entrepreneur Serguei Beloussov (who has since taken the name Serg Bell and Singaporean citizenship) co-founded Runa after starting Acronis, and has since gone on to also establish the Acronis Cyber Foundation, which has partnered with UNICEF, built schools and educated migrants to Switzerland.

Ben Marrel, co-founder and CEO at Breega said in a statement: Our fourth and largest fund to date will allow us to finance later stage companies at Series A stage and above and to continue to support our existing portfolio startups as they grow.

Bank accounts, payments, virtual and physical cards as well as real-time FX rates and digital wallets can be offered HUBUC, because is sits as a layer between the financial partners it works with and the company’s product.

The startup sells a salary-advance service to employers to offer their staff — charging companies a commission for the tech rather than levying a fee on users to withdraw a portion of their salary early (as some other salary startups do).