Europe fintech funding round-up: Justhome, Ryft and SageWealth

This week’s handy Friday fintech funding round-up includes three European fintech start-ups – Justhome, Ryft and SageWealth.

German home financing start-up Justhome has secured €3.3 million in pre-seed funding led by Target Global.

Additional participants in the round include APX, a Berlin-based early-stage fund backed by Axel Springer and Porsche, as well as a number of angel investors.

Launched in 2022 and based in Berlin, Justhome is building a digital platform to help more people buy a home. It says it offers an “improved” digital customer experience during the mortgage process and the ability to receive pre-approved mortgage options “delivered in minutes from more than 700 lenders”.

The start-up says it will use the funds to build out its digital home financing platform and develop new products.

UK-based PSD2-compliant payments firm Ryft has raised an undisclosed amount in a seed round, taking its total funding to date to £1.2 million.

The seed round was led by SFC Capital with participation from other investors.

Ryft raises undisclosed sum in seed round

Based in London, Ryft is a payment platform that enables automated payouts the next working day for marketplace businesses and their merchants for a “single flat fee per transaction”. Its solution uses APIs to help accept online payments and verify and onboard merchants.

“Ryft solves the current problems in the payment marketplaces of multiple sub-merchants resulting in large periods of wasted time and multiple processes across different platforms,” the company says.

It adds that it “streamlines all of these processes in a singular efficient platform, protecting employees, protecting businesses from FCA fines, ensuring anti-money laundering rules are followed and reducing the associated risks for marketplaces and their onboarding processes”.

German sustainable investing platform SageWealth has secured €500,000 in pre-seed funding.

Founded in 2020 and headquartered in Berlin, SageWealth offers digital financial advice and sustainable investment tools to help millennials invest “in a way that benefits both the investor and the planet”.

SageWealth says the new funding will be put towards developing its platform and product offerings.