Startup and product news week 36

Signicat expands its portfolio. Likeminded takes over whylab. Woltair enters the German market. OvulaRing receives another award. Finstep launches fintech app.

Signicat expands its portfolio with SPID and enables seamless digital identity verification across Europe

Signicat, a leading digital identity company in Europe, has successfully integrated the Italian E-ID system SPID into its range of electronic identity services. As the first international aggregator to offer SPID, Signicat enables businesses and public administrations across Europe to seamlessly interact with SPID users for customer onboarding and authentication purposes. This move makes it easier for European companies to integrate SPID into their onboarding processes and creates a bridge between Italian citizens and companies across Europe. Signicat remains at the forefront of the electronic identification revolution, driving digital identity verification to enable a more efficient and user-friendly future for businesses and public administrations.

Likeminded strengthens group formats with acquisition of whylab

Berlin - The B2B company for mental health in the workplace, Likeminded, recently acquired the Berlin-based startup whylab, which specializes in intelligent group formats and peer coaching. This acquisition strengthens Likeminded's expertise in group formats and positions the company as a leading provider in the workplace mental health market. Likeminded offers employees access to psychological support and personal growth, while whylab brings its expertise in smart group formats to Likeminded's platform. This merger will help to realize Likeminded's vision and comprehensively promote mental health in the workplace, with group formats as a pioneering approach. Major clients such as Jack Wolfskin, Oliver Wyman and sennder have already benefited from Likeminded's solutions.

Czech start-up Woltair is targeting the German market with a comprehensive range of heat pumps

The Czech start-up Woltair has set itself the goal of conquering Germany with a comprehensive range of heat pumps. The company, which is already known in Europe as an expert in renewable energies, plans to install heat pumps within 30 days and aims to become the market leader in Germany within three years. The expansion will be supported by the digitalization of the trade, including its own digital platform. Woltair has already attracted well-known investors and recorded a turnover of 20.6 million euros in the first half of 2023. With a comprehensive service offering that includes planning, installation, government subsidies and a 24-hour express service for repairs, Woltair offers its customers a complete solution. Since its foundation, the company has specialized in promoting renewable energy in the residential sector and has already saved thousands of tons of CO2 emissions.

The German company Woltair Group is based in Munich, where it is currently building its 3,000 square meter headquarters. At the same time, it is forming its core management team for Germany.

OvulaRing awarded for the second time in a row

The OvulaRing medical device from Leipzig has once again won the German Health Award in the 'cycle computer/tracker' category. The award was based on a customer survey with around 45,000 votes cast. The German Health Award is presented by the German Institute for Service Quality and ntv and recognizes outstanding achievements in the healthcare sector, including healthcare products. OvulaRing, a biosensor for fertility diagnostics, precisely measures the core body temperature every five minutes and creates an image of the female cycle. This product supports women and healthcare professionals in family planning, and some health insurance companies already cover the costs of its use.

Hamburg start-up Finstep launches free educational app for financial independence for young people

Hamburg-based Finstep Solutions GmbH announces the official launch of its new educational app "Finstep", which is aimed specifically at teenagers and young adults. After a successful beta test period, the free and registration-free app is now available in the iOS App Store. Finstep provides basic financial education through interactive learning, personal finance features such as the Goal Tracker and spending analysis, as well as a wide range of financial topics. Young people's engagement is encouraged through gamification and progress tracking, while a link to the bank account is not required. The goal: a financially well-educated young generation for a better financial future.