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115

TrueLayer raises $3M Series A to provide fintech companies with easy access to bank APIs

by  for Techcrunch

TrueLayer, a London startup that’s built a developer platform to make it easy for fintech companies to access bank APIs — and ride the PSD2 gravy train — has raised $3 million in Series A funding. The round was led by Anthemis Group, with participation from existing investor Connect Ventures, and will be used by TrueLayer to expand its team and increase coverage of supported banks before opening up beyond beta testers later this year. (more…)

Open Source/ API

June 21, 2017

100

Payoneer opens London office

By Payoneer,

Payoneer, a leading cross-border payments company transforming the way businesses send and receive funds globally, officially unveiled a new office today in London. (more…)

Global trends, Payment processors/providers/gateways

June 21, 2017

126

Oscar Health is headed back to New Jersey and branching out to Ohio and Tennessee

by  for Techcrunch

Oscar Health seems to be expanding rather than shrinking in the next year. Despite worries that the Affordable Care Act wasn’t working out for health insurance companies, Oscar has filed to expand in 2018, adding the states of Ohio and Tennessee, expanding in Texas and California and heading back to New Jersey, where it pulled out at the beginning of this year. (more…)

Global trends, Hotnews, Insurance

June 21, 2017

Watch Tim Cook, Jeff Bezos, and other tech execs give Trump advice on how to modernize government

On Monday President Trump met with his American Technology Council for the first time to discuss ways to “transform and modernize” the government’s use of IT services. The council includes Apple CEO Tim Cook, Microsoft CEO Satya Nadella, and Amazon CEO Jeff Bezos, among others. You can read some of the advice the tech execs gave Trump here, or now you can watch much of the meeting thanks to this 20-minute video the White House has released. (more…)

Global trends

June 21, 2017

KBC’s K’Ching app introduces AI chatbot for youth market

By KBC

As from today the latest version of the KBC K’Ching app, the KBC mobile banking app for youngsters, will be available in app stores for all K’Ching users. This latest version allows users to communicate through instant messaging with the app through an artificial intelligence (AI) chatbot. (more…)

Banks, Bots

June 21, 2017

113

Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel

By Steve O’Hear for Techcrunch

Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API

June 21, 2017

263

Should Startups Care About Profitability?

By Mark Suster from Upfront Ventures

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is whether profitability matters. (more…)

Columns, Fintech news, Global trends

June 20, 2017

178

WePay And The Evolution Of Payments

By PYMNTS

It was not a terribly long time ago that many very familiar companies were understood and defined, well, very familiarly, WePay Co-Founder Rich Aberman told Karen Webster in a recent conversation. Apple was a hardware company, Microsoft was a productivity software platform, Amazon was an eCommerce retailer selling books and Google was a search platform. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

256

Why Amazon’s Acquisition Of Whole Foods Matters For Startupland

By Tomasz Tunguz from Redpoint Ventures for his blog

Amazon’s acquisition of Whole Foods is notable for many reasons. Of course, there’s the magnitude $13.7B. The second is the shockwaves reverberating through the grocery industry. Costco fell 10% and Kroger almost 25% on the news. Third, the acquisition underscores the importance of physical retail even to the largest American ecommerce giant. Those are all remarkable in their own right. (more…)

Deals, Fintech news, Global trends, Hotnews

June 20, 2017

146

Banking the unbanked in emerging markets

by  for TechCrunch

As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. (more…)

Banks, Global trends, Hotnews

June 20, 2017

UK Fintech Company PayBreak Secures 24.5 Million Investment Through Fundraising Round

By Samantha Hurst for Crowdfund Insider,

London-based fintech company, PayBreak, announced it raised £24.5 million during its latest fundraising round. According to the company, the round was supported by existing shareholders and saw new investors as well. Speaking about the round, managing director of PayBreak, Julia Throop stated: (more…)

Crowdfunding/investing, Deals, Global trends

June 20, 2017

146

PayPal small business financing scheme advances £400 million in working capital

By PayPal

Today PayPal revealed its small business financing scheme has provided more than £400 million to British small businesses. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

144

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers. (more…)

Banks, Global trends, Hotnews, Influences FinTech

June 20, 2017

137

Klarna granted full banking licence

By Klarna,

Klarna is proud to announce that it has been granted a full banking licence by Finansinspektionen, the Swedish Financial Supervisory Authority. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

June 20, 2017

Raising Tokens to Build a Company or an Ecosystem?

We need to keep thinking of new roles for the token. I’ve already outlined about 20 such roles in this previous post, Tokenomics: A Business Guide to Token Usage, Utility and Value. (more…)

Deals, Global trends

June 16, 2017