MENU

June, 2015
Archive

1539

Docker, CoreOS, Google, Microsoft, Amazon And Others Come Together To Develop Common Container Standard

TECHCRUNCH:  Docker, CoreOS, Google, Microsoft and Amazon are now working on a new standard for software containers with the help of the Linux Foundation. Other members of this coalition include Apcera, Cisco, EMC, Fujitsu Limited, Goldman Sachs, HP, Huawei, IBM, Intel, Joyent, Mesosphere, Pivotal, Rancher Labs, Red Hat and VMware — that is, virtually everybody who has a stake in building a thriving container ecosystem. (more…)

Influences FinTech

June 22, 2015

1334

Uber’s Total Funding Nears $10bn

Financial Times: Uber’s latest financings will bring its total funding to $10bn, setting a new record for a US tech company before it goes public, as it closes in on a new credit line and equity round.  (more…)

Influences FinTech

June 22, 2015

1637

GoFundMe’s Valuation Rises To Around $600M-$650M In Latest Funding Round

TECHCRUNCH:  Our sources have given us some additional information since crowdfunding site GoFundMe confirmed its funding round last week, saying that the company is now valued at around a range of $600 million to $650 million. (more…)

Crowdfunding/investing, Fintech news, news

June 22, 2015

1314

Homebase Wants To Solve The Scheduling And Payroll Headache For Local Businesses

TECHCRUNCH:  Homebase, a San Francisco-based startup, is launching out of beta to take the pain out of scheduling and payroll management for small business restaurants and retailers. 90 percent of retail and restaurant scheduling is currently done on paper or Excel, which makes managing payroll an owner’s nightmare. It takes an average of seven hours per week to review timesheets and coordinate schedules, all while taking into account labor law compliance, overtime rates, and keeping within your operating budget. (more…)

Fintech news, news

June 22, 2015

1255

New York-Based Onevest Launches Series A Financing

DEALSTREETASIA:  New York-based​ startup investment platform Onevest announced the launch of its Series A round of financing last Friday, to mark the implementation of Title IV of the JOBS Act by the US Securities and Exchange Commission to facilitate smaller companies’ access to capital. (more…)

Deals, Fintech news, news

June 22, 2015

1681

E-Commerce Gold Rush In Southeast Asia

TECHCRUNCH: There’s a myopia blinding e-commerce players to the reality of opportunities in Southeast Asia. Everyone is looking at Asian economies from under the shadow China casts on the economic landscape, which can’t help but obscure the picture. (more…)

China, InspirAsia

June 22, 2015

1323

Y Combinator, Silicon Valley’s hottest startup factory, has filed to raise a venture capital fund

Business Insider: Y Combinator is raising money to create a new VC fund according to forms filed with the SEC. It’s called the Y Combinator Continuity Fund I. The company declined to disclose the amount raised, and the filing indicated that the first sale has yet to occur.  (more…)

Influences FinTech

June 20, 2015

2185

Myanmar Sees Surge In Telecom Investment

DEALSTREETASIA: Investment in telecoms has surged in Myanmar in the past year as operators begin to tap a rapidly expanding market, driving growth in the economy. (more…)

InspirAsia, Myanmar

June 20, 2015

2475

Asian Crowdfunder Launches In Malaysia, Looking To Enter Singapore, Indonesia, Thailand

DEALSTREETASIA: Equity-based crowdfunding platform Asian Crowdfunder has launched its operations in Malaysia this month,  and is in the process of starting operations in Singapore, Indonesia and Thailand. The pan-Asian platform, which claims to be accessible to vetted accredited investors only, is founded by an international team of experienced and successful entrepreneurs and asset managers backed by decades of experience.

Fintech news, InspirAsia, Malaysia

June 20, 2015

1264

What it was like to create the Apple Store, according to the man who helped Steve Jobs build it

Business Insider: Apple has succeeded in a space where few of its competitors have — retail.

Apple’s brick-and-mortar stores have become a staple of the shopping experience for iPhone, Mac, and now Apple Watch shoppers.

The company has managed to nail retail in a way that others haven’t, as statistics comparing traffic in Apple Stores vs. Microsoft Stores during the holiday shopping season in years past have clearly shown. (more…)

Influences FinTech

June 19, 2015

2178

Alibaba confirms government investment for its Alipay and online banking business

Techinasia: Alibaba revealed this afternoon that its finance subsidiary, Ant Financial – which runs Alipay, China’s top online payments service – has received an investment from China’s state-run National Social Security Fund (NSSF). The funding amount is not disclosed.

(more…)

China, Fintech news, Hong Kong, InspirAsia, news

June 19, 2015

1501

SEC Reg A+ Will Now Let You Crowdfund Equity

TECHCRUNCH: Crowdfunding just got a little bit more interesting. According to SEC Regulation A+, as of today companies can secure funding via crowdfunding provided they are compliant with a set of very specific laws and standards. (more…)

Crowdfunding/investing, Fintech news, news

June 19, 2015

1582

Etsy Debuts Crowdfunding Platform While GoFundMe Confirms Its Funding Round

TECHCRUNCHGoFundMe confirmed that it has raised venture capital financing in a blog post today, infusing the previously bootstrapped company with cash that will give it room to grow. (more…)

Crowdfunding/investing, Deals, Fintech news, news

June 18, 2015

1581

Three FinTech Startups You Should Know

Forbes: CrediFi (aims to solve the lack of transparency, particularly around key financial information, in the Commercial Real Estate space, and providing in-depth loan information previously unknown to the market), City Falcon (is looking to level the playing field in the $25b financial information services market bringing “Bloomberg to the consumer”) and TransferWise (more…)

Fintech news, news

June 18, 2015

1971

India: Paytm Is Bringing In Sellers from AliExpress, AdStringO And FundsIndia Announce New Rounds

International Business Times: Paytm, which has recently forayed into online retailing business, is planning to bring in 1,00,000 sellers from Chinese e-tailer Alibaba’s online arm AliExpress to its platform from August. The Delhi-based company estimates its gross merchandise value (GMV) to increase by $1.5 billion from AliExpress businesses in the next six months. Paytm, originally a mobile payment services, has crossed $1.5 billion (about ₹9,600 crore) in GMV in the year ending April 2015. (more…)

India, InspirAsia

June 18, 2015

2112

Fintech: Rebooting Financial Services

FINEXTRA: Having occupied relatively safe niches, such as payments and P2P-lending, fintech companies are now moving toward the core banking business. For them it is a multi-billion dollar opportunity to reinvent the financial services, but they won’t cope without the support of the current banking industry, according to the report by Santander InnoVentures, Oliver Wyman and Anthemis Group. Read the report  (more…)

Analytics, Global trends

June 18, 2015

1432

Marc Andreessen talks about that time Facebook almost lost 80% of its value

FORTUNE: What Yuri Millner did to put Facebook back into the double-digit billions? (more…)

Influences FinTech

June 18, 2015

1609

The Insider’s View To Payments And Fintech in Asia and Africa

THE COINTELEGRAPH: Analysis of the biennial Payment Innovations Report 2015 from June 17 has described an increasingly successful FinTech sector in Asian and African countries that they say is likely to take the lead in digital payment startups and new businesses, while they criticize NFC payments as a “solution still looking for a problem.” (more…)

InspirAsia

June 17, 2015

3449

Revel’s iPad Point-Of-Sale Platform and Starbucks Mobile Ordering

TECHCRUNCH: Revel makes one of the leading iPad point-of-sales systems and was among the first to offer Apple Pay. Despite its focus on mobile payments, however, the startup is also trying to attract companies that are wary of handling financial transactions solely through wi-fi. To get more enterprises on board, Revel is launching wired ethernet connections, a move that it hopes will convince large retail businesses to replace their cash registers with iPads. (more…)

Fintech news, Mobile payments/banking, news

June 16, 2015

1555

Inside Obama’s Stealth Startup

Fast Company: President Obama has quietly recruited top tech talent from the likes of Google and Facebook. Their mission: to reboot how government works. (more…)

Influences FinTech

June 15, 2015

1915

Money Transfer Startup Azimo Raises $20M At A $100M Valuation

TECHCRUNCHAzimo, a mobile money transfer startup out of London that was once feted by Facebook, is jumping into the funding ring with a $20 million raise. CEO and co-founder Michael Kent says the company will use the investment to continue to build out its operations across Europe and deeper into the community of migrants who already form the bedrock of its services. (more…)

Deals, Fintech news, news, Remittances

June 15, 2015

1669

US Payment Startup Stripe’s New Plan Threatens To Crush One of Europe’s Hottest Fintech Firms

BUSINESS INSIDER: Stripe, the £3.2 billion ($5 billion) US online payments start-up, is rolling out across the Nordics, taking it head-to-head with one of Europe’s most valuable fintech businesses. Stripe’s co-founder John Collison announced at MoneyConf in Belfast today that the company is launching across Sweden, Denmark, Norway and Finland this week. That puts it in direct competition with Klarna, a rival Swedish online payment company valued at £650 million ($1 billion).

(more…)

Fintech news, POS/mPOS and online acquiring

June 15, 2015

1681

WIRED Money: The Future of Money

WIRED Money: After 20 years of experience in the money transfer industry, Ahmed founded WorldRemit — a platform for friends and family separated by geographical boundaries to send one another funds. Before setting up the business, he worked for the United Nations Remittance Programme, helping African money transfer companies comply with the tough anti-money laundering rules introduced after the 9/11 attacks. (more…)

Fintech news, news

June 15, 2015

1560

Brace Yourselves For Beacons

Fast Company: You won’t truly be happy until a company knows everything about you. Where you live, how much you make, whom you married, what you buy on your phone and what you buy at a store, favorite sports team, everything. Don’t like hearing this? Take a ball-peen hammer to your phone and smash it repeatedly. (more…)

Fintech news, news

June 14, 2015

1716

The Fabulous Life Of Jack Dorsey, Twitter’s Billionaire Interim CEO

Business Insider: Twitter announced Thursday that current CEO Dick Costolo will be stepping down from his post, effective July 1. Jack Dorsey will be returning as interim CEO. He will stay on as CEO of Square (more…)

Fintech news, news, POS/mPOS and online acquiring

June 12, 2015

1543

What Millennial Employees Really Want

Fastcompany: Many millennials want to make the world a better place, and the future of work lies in inspiring them. Here’s what smart companies can do. Despite struggling with debt, recession, and the jobs crisis, millennials—who will account for 75% of the workforce in 2025— are not motivated by money. Rather, they aim to make the world more compassionate, innovative, and sustainable.

(more…)

Global trends, Influences FinTech

June 11, 2015

1835

Westpac and ANZ Experiment with Ripple

Coindesk: Two of Australia’s ‘big four’ banks, Westpac Banking Corporation and the Australia and New Zealand Banking Group, are experimenting with peer-to-peer transfers on the Ripple protocol.

The news, revealed by The Australian Financial Review, follows last month’s announcement that the Commonwealth Bank of Australia (CBA) – another ‘big four’ rival – is trialling the tech for transfers between its subsidiaries. At the time, CBA’s chief information officer David Whiteing described distributed protocols as “the way of the future”.

(more…)

Cryptocurrencies, Fintech news, news

June 11, 2015

1851

10 Reasons Why Singapore Is The Next Big City for fintech

TECHINASIA: When we decided to relocate the Life.SREDA fund from Russia, a number of countries – Great Britain, Estonia, Latvia, Hong Kong, Singapore – invited us to move there and do business with them. Here are some reasons, according to my expertise, why Singapore is the best place in the world for financial innovation: (more…)

InspirAsia, Singapore

June 11, 2015

1932

This Sleek Electric Tuk-Tuk Is Designed To Battle Traffic In Your City

FAST COMPANY: Tuk-tuks might be everyday, ubiquitous transportation in Nairobi or Phnom Penh, but can these tiny three-wheeled taxis also find a place in sprawling, car-obsessed cities like L.A. or Atlanta?

(more…)

Fintech news, Influences FinTech, InspirAsia

June 11, 2015

1494

Pinterest is finally going to let us buy things we like

Wired: Countless people already use Pinterest to discover and share things they like, from recipes and craft projects to outfits and accessories. Now, the five-year-old social network is finally letting its users take the next obvious step: buying those things.

On Tuesday at an event in San Francisco, Pinterest unveiled buyable “Pins,” a way for pinners to buy products directly on the social network.

(more…)

Influences FinTech

June 10, 2015