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January, 2016
Archive

1401

Bitcoin Holders Can Now Receive Daily Interest Payments On Coinbase

By The cointelegraph.com,

On January 21st, during the North American Bitcoin Conference in Miami,BSAVE announced its Bitcoin savings account for Coinbase wallet users. This new feature allows Coinbase clients to receive daily interest payments. (more…)

Blockchain, Fintech news

January 23, 2016

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What you need to know about the mobile wallet war in India

By Nashuman Ghandi

“Buy this through XYZ digital wallet and get Rs. 50 (US$0.75) cashback on every ticket booked,” read a recent email you received from PVR Cinema. You usually receive this a few times a week and it keeps you informed about the latest movies. (more…)

Analytics, Cashless, eWallets, Fintech news, India

January 23, 2016

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Visa Checkout Announces Walmart, Starbucks As Merchant Partners

By Lucas Matney for Techcrunch.com,

Today, Visa Checkout announced that some major new companies would se starting to utilize the service. (more…)

Fintech news

January 23, 2016

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Deals: Swatch partners with Visa to bring NFC payments to its analog smartwatch

By James Vincent for the Verge.com,

Swatch has announced that it’s bringing contactless payments to its forthcoming Bellamy smartwatch in the US next year. The Swiss company, which is the largest watchmaker in the world by revenue, originally unveiled the analog Bellamy in China this October. (more…)

Deals, Fintech news, Global trends, Mobile payments/banking

January 22, 2016

1346

Profit From A Profile On AngelList

By Evan Baehr for Techcrunch.com,

At a basic level, AngelList is the LinkedIn for startups; it’s a directory for finding and researching great startups. Many of the biggest seed venture capital firms and angel investors are on the list, and many use it to help them source and validate deals. (more…)

Crowdfunding/investing, Fintech news

January 22, 2016

2543

LendUp Scores $150M For A Credit Card That Won’t Screw You Over

By Josh Constine for Techcrunch.com,

Banks are so greedy that LendUp can undercut them, help people avoid debt, and still make a profit on its payday loans and credit card. Not only is software eating finance, but morality is too.

(more…)

Cashless, Fintech news, p2p/online lending

January 22, 2016

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ZestFinance Expands Parental Leave To Six Months Paid Time Off For Primary Caregivers

By Megan Rose Dickey for Techcrunch.com,

ZestFinance, a data-driven underwriting and credit analysis platform, is implementing an expanded parental leave policy. Now, ZestFinance is offering employees six months of paid time off for primary caregivers, three months of paid time off for secondary caregivers, and the option for primary caregivers to work part-time for an additional six months without losing any benefits coverage. (more…)

Fintech news, SME

January 22, 2016

1710

Has Fintech Boom Peaked?

By TELIS DEMOS and PETER RUDEGEAIR for WSJ.com

The “fintech” revolution is running into some resistance. New venture funding for upstart financial technology companies slowed sharply in the fourth quarter, according to Dow Jones VentureSource. (more…)

Banks, Fintech news, news

January 22, 2016

1452

Deals: Singapore-based Xfers Lands $2.5M To Simplify Bank Transfers

By ,

Xfers, a startup that wants to simplify bank transfers, announced today that it has raised a $2.5 million seed round.

(more…)

Deals

January 22, 2016

BBVA gets agile as scrum teams tear up the bank IT rule book

by Finextra.com

Spanish bank BBVA now has 500 staff members working in small scrum teams to rush through the development of new projects, representing a five-fold increase over the past year. (more…)

Banks, Fintech news

January 21, 2016

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China is planning to release its own version of Bitcoin

By C.Custer for TechinAsia.com,

China’s government likes to make its own versions of new technology. For example, it has tried repeatedly to make its own version of a search engine and compete with Baidu, although none of its efforts caught on. It has been making its own computer operating system for years, although it co-opted a lot of foreign software to pull that off. And now, it’s going to be making its own version of bitcoin. (more…)

Fintech news

January 21, 2016

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Bank consortium R3CEV successfully tests Bitcoin tech in traditional bank transactions

By Nicky Capella for The Stack magazine,

R3CEV, a startup dedicated to bringing blockchain technology to traditional finance, yesterday ran a successful test of transactions between 11 of the world’s largest financial institutions. This represents a big step forward in bringing blockchain, the foundation for Bitcoin, to traditional banking. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 21, 2016

1656

WeChat is 5 years old. Here’s how it’s grown

By Steven Millward for techinAsia.com

WeChat was born five years ago today. Here’s our potted history of China’s most essential app. (more…)

Fintech news

January 21, 2016

TravelersBox Raises $10M in Series A Funding

By Finsmes news,

TravelersBox, a Kadima, Israel-based provider of a solution allowing travelers to convert leftover foreign currency into usable digital currency, raised $10m in Series A funding. (more…)

Deals, Fintech news

January 21, 2016

Deals: Khazanah-led group invests $160 mln in HK fintech start-up WeLab

Jan 20 An investment group led by Malaysia’s state fund Khazanah Nasional has invested $160 million in Hong Kong-based financial technology start-up WeLab. (more…)

Deals, Fintech news

January 20, 2016

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Zcash, an Untraceable Bitcoin Alternative, Launches in Alpha

By Andy Greenberg for Wired.com,

BITCOIN MAY HAVE become the currency of choice for the anonymity-loving Internet underground. But it’s never been anonymous enough for Zooko Wilcox. As he’ll remind anyone who’ll listen, the blockchain, bitcoin’s very public ledger of all transactions in its crypto-economy, means that unless bitcoin’s users funnel it through intermediaries or special software, their transactions can easily be traced. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 20, 2016

Deals: BlueVine Raises $40 Million To Help Small Businesses With Cash Flow

By Katie Roof for Techcrunch.com,

Another big bet on fintech, Palo-Alto based BlueVine has raised $40 million to provide credit lines for small businesses. The round is led by Menlo Ventures, with participation from Rakuten, Lightspeed and 83North. (more…)

Deals, Fintech news

January 20, 2016

1075

R.I.P., Bitcoin. It’s time to move on

By Vivek Wadhwa is a fellow at Rock Center for Corporate Governance at Stanford University

Not long ago, venture capitalists were talking about how Bitcoin was going to transform the global currency system and render governments powerless to police monetary transactions. Now the cryptocurrency is fighting for survival. The reality came to light on Jan. 14, when its influential developer, Mike Hearn, declared Bitcoin a failure and disclosed that he had sold all of his Bitcoins. The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it. (more…)

Blockchain, Fintech news

January 19, 2016

1013

Is Bitcoin’s Promise Going Up In Smoke?

By Vivek Wadhwa for techcrunch.com

Not long ago, venture capitalists were talking about how Bitcoin was going to transform the global currency system and render governments powerless to police monetary transactions. Now the cryptocurrency seems to be fighting for survival. (more…)

Blockchain, Fintech news

January 19, 2016

Bitcoin Exchange Kraken Acquires Coinsetter To Expand To The U.S.

By Romain DILLET for techcrunch,

According to Bitcoinity, Kraken is the largest EUR bitcoin exchange in the world with Bit-x and Gatecoin not far behind. But Kraken has one weakness — there isn’t much volume when it comes to other currencies. The company is trying to fix that by acquiring Coinsetter to expand to the U.S. and Canada — for real this time. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 19, 2016

1435

Deals: Paytm Acquires Personal Assistant App Shifu

Paytm, the Indian mobile commerce company backed by Alibaba, announced today that it has acquired Shifu, a personal assistant app for smartphones. The value of the deal was not disclosed, but Paytm senior vice president Kiran Vasireddy confirmed that it is close to the $8 million.

(more…)

Cashless, China, Deals, Fintech news, news

January 19, 2016

1347

Google Tests “Tap 10,” A Rewards Program For Android Pay Users

By Sarah Perez for Techcrunch.com,

Google confirmed it’s now running a limited promotion in the U.S. dubbed “Tap 10,” which is aimed at increasing usage of its Android Pay mobile payments service, a rival to Apple Pay and others. (more…)

Cashless, Fintech news

January 19, 2016

Lufax Completes Fundraising, Valuing Company at $18.5 Billion

By Bloomberg News,

Lufax, a Chinese peer-to-peer lender and broker, has secured its position as the world’s most valuable financial technology startup by completing a fundraising that it said values the company at $18.5 billion. (more…)

Cashless, China, Fintech news, Mobile payments/banking, p2p-payments, p2p/online lending

January 18, 2016

2152

How John And Patrick Collison Built Stripe Into The PayPal Of The Mobile Era

By Miguel Helft for Forbes,

THE FIRST SIGNAL YOU PICK UP that John and Patrick Collison, who cofounded mobile payment phenomenon Stripe, are not big on the trappings of corporate status is a North Face backpack. (more…)

Banks, eWallets, Fintech news

January 18, 2016

1439

Deals: JD Finance Lands $1B Led By Sequoia China At $7.1B Valuation

Alibaba isn’t the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba’s Ant Financial raised an undisclosed round last summer at a colossal $45-$50 billion valuation, its rival e-commerce giant JD.com’s money-focused unit is also in the money after it took in RMB 6.65 billion (around $1.01 billion) from a clutch of high-profile investors. (more…)

Deals, Fintech news

January 17, 2016

1111

A lead developer just quit bitcoin, saying it ‘failed’

By Jemima Kelly for Businessinsider.com

Bitcoin slid by 10 percent on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because it had “failed”. (more…)

Blockchain, Fintech news

January 16, 2016

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Fintech news

January 16, 2016

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Fintech news

January 16, 2016

1607

India’s Modi Launches $1.5 Billion Fund for Startups

By Reuters,

Indian Prime Minister Narendra Modi launched a number of initiatives on Saturday to support the country’s start-ups, including a 100 billion rupee ($1.5 billion) fund and a string of tax breaks for both the companies and their investors. (more…)

Cashless, Fintech news, Government activities, India, news, SME

January 16, 2016

2118

Deals: Beacon Technology Company Estimote Raises $10.7 Million Series A

By Sarah Perez for Techcrunch.com

Estimote, a beacon company whose small, wireless sensors and accompanying software provide indoor location technology to some of the largest retailers as well as 65 percent of the Fortune 100, has now closed on $10.7 million in Series A funding. The round will help the business scale to meet the needs of its current customer base, around half of which is retail, as well as fund R&D efforts related to what’s next. (more…)

Deals, Fintech news, Global trends, InspirAsia, Japan

January 15, 2016