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June, 2017
Archive

1165

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

1190

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

1503

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

1284

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

1401

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

1135

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

1099

Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab

By Jon Russel for Techcrunch

Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. (more…)

Fintech news, Global trends

June 16, 2017

1655

Santander’s Openbank relaunched as 100% digital bank

Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018. (more…)

Banks, Hotnews, Mobile-first banks

June 16, 2017

2033

Analyzing Token Sale Models

By Vitalik Buterin for his blog

Note: I mention the names of various projects below only to compare and contrast their token sale mechanisms; this should NOT be taken as an endorsement or criticism of any specific project as a whole. It’s entirely possible for any given project to be total trash as a whole and yet still have an awesome token sale model. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

June 15, 2017

1718

India’s MobiKwik is raising new funding at $1B valuation to battle payment rival Paytm

By John Russel for TechCrunch

With high-profile investments from Alibaba and SoftBank fueling an impressive growth story since demonetization last year, you could be forgiven for thinking that Paytm has India’s payments market sewn up. But at least one company will agree to differ on that. (more…)

eWallets, Global trends, Hotnews, InspirAsia

June 15, 2017

TAS and WealthInvest agree payments partnership

By WealthInvest

Today WealthIntel and TAS Group (“TAS”) announced their execution of a Letter of Intent to join in the development of W$T’s proprietary payment platform and TAS becoming strategic partner of W$T in card solutions and payment systems. (more…)

Hotnews, Payment processors/providers/gateways

June 15, 2017

1443

Will words and gestures replace plastic cards and cash?

The man who invented an early form of text messaging for fixed line networks while working at BT believes that in the future people will use words and gestures to pay for transactions, ditching payment cards altogether. (more…)

Global trends, Hotnews, Security

June 15, 2017

1513

Inside Ripple’s plan to make money move as fast as information

By American Banker

When Brad Garlinghouse, the CEO of Ripple, has to explain to his mother, who lives in Kansas, what his company does, he says, “Mom, it’s pretty simple. We sell software to banks.” (more…)

Blockchain

June 15, 2017

1833

SaaS Fundraising In 2017

By Tomasz Tunguz from Redpoint Ventures for his blog

When I analyzed the SaaS fundraising market in 2016, three trends emerged. (more…)

Columns, Global trends, Hotnews

June 14, 2017

Buyer Beware

 

By Fred Wilson from Union Square Ventures for his blog

I got this question on Twitter yesterday:

(more…)

Columns, Influences FinTech

June 14, 2017

Acorns goes green with launch of sustainable investment portfolio

By Acorns,

Micro-investing app, Acorns, has highlighted its commitment to sustainability with the launch of a new, socially responsible investment portfolio, available from today. (more…)

Financial Markets / Trading, Hotnews, Wealth management

June 14, 2017

Fiserv to Acquire Monitise for $89 Million

By Julie Muhn for Finovate

Financial services company Fiserv has agreed to acquire U.K.-based Monitise for 2.9 pence per share, which equates to $89 million. (more…)

Deals, Fintech news, Global trends, Payment processors/providers/gateways

June 14, 2017

1115

Report: SoFi Files Banking Application with FDIC

SoFi has officially filed with the Federal Deposit Insurance Corporation to create a state chartered bank. The filing is not unexpected as SoFi revealed its intent to pursue a banking charter this past May. (more…)

Banks, Hotnews, p2p/online lending

June 14, 2017

2826

Visualizing Where Major US Banks Have Invested in Fintech

By CB Insights

Since 2012, the top ten US banks by assets under management have participated in 72 rounds totaling $3.6B to 56 fintech companies. (more…)

Analytics

June 14, 2017

1725

Fintech Global Research: 70% Total Capital 2017 1Q Raised by Private European FinTech Concentrated in 6 Cities. Guess Which...

by Erin Hobey for Crowdfund Insider,

70% of the total capital raised by all private European Fintech companies in 2017 1Q went to companies based in … have you written your list? — London, Berlin, Stockholm, Paris, Barcelona and Amsterdam, according to research released by Fintech Global. (more…)

Analytics, Global trends

June 14, 2017

Fundbox Launches New Small Business Product “Direct Draw”

 

By

Fundbox, a cash flow optimization tool platform for small businesses, announced on Tuesday the launch of its new product, Direct Draw. According to the company, the Direct Draw product allows small businesses to easily apply for credit with just a business bank account, without requiring their personal credit to get started. (more…)

Deals, Fintech news

June 14, 2017

1955

Digital Only Bank Revolut Launches Business Banking in UK & Across Europe

Challenger bank Revolut is launching a business banking vertical and is accepting pre-registrations now. Revolut for business will allow businesses to hold, exchange and transfer funds in 25 different currencies across the UK and all of Europe at the interbank exchange rate. The digital only bank says that users will be able to sign up for a multi-currency account in minutes. (more…)

Hotnews, Mobile-first banks, p2p-payments

June 14, 2017

1345

R3 Corda enters public beta

By R3

As reported last month, R3 has just completed the first two of three tranches of our Series A funding round, raising $107m to fund the development of Corda, our distributed ledger platform designed from the ground up for the needs of commerce.

(more…)

Blockchain, Cryptocurrencies, Global trends

June 12, 2017

1544

Former UBS innovation lead establishes cryptocurrency fund

By Cryopto Fund

Europe’s first diversified Cryptocurrency Fund Crypto Fund AG is launching the Cryptocurrency Fund, which will be based on the Cryptocurrency Index, investing in the most important cryptocurrencies such as Bitcoin, Ether, Ripple, and other well-established cryptocurrencies. (more…)

Blockchain, Deals, Fintech news, Global trends

June 12, 2017

1419

ZrCoin ICO Claims $7 Million Raised from 3955 Investors

ZrCoin, based in Russia, says it has raised $7.07 million in cryptocurrency from 3,955 investors during their Initial Coin Offering (ICO). The offer was live from May 11th to June 9th and was hosted on the Waves platform. (more…)

Blockchain, Cryptocurrencies, Hotnews

June 12, 2017

1185

Brief: Indian P2P Lender LoanMeet Secures Seed Funding from Chinese Investors

Increasingly cross national investment in fintech is becoming the norm.  As an example, today Bengaluru-based P2P lender lender LoanMeet has raised an undisclosed amount of seed funding from Chinese entrepreneur-turned-investors Cao Yibin and Huang Wei, along with KrazyBee.com co-founder and CEO Madhusudan E, according to multiple new sources. (more…)

Hotnews, InspirAsia, p2p/online lending

June 12, 2017

BankThink Banks are more trustworthy data guardians than Google

The Google company logo sits on revolving doors.By Chris Skinner

Someone made an interesting comment about Google recently: Banks can attack Google’s soft underbelly. (more…)

Global trends

June 12, 2017

940

China’s cloud industry moving to new era with emergence of unicorns

By Anna Lee for Technode

Just a few years ago, billion-level funding would be beyond the imagination of Chinese cloud computing companies. But now it is becoming more and more tangible as the market matures. (more…)

Government activities

June 12, 2017

807

Uber Might Acquire Engineering Team From Car Valet Startup Luxe

(more…)

Global trends

June 12, 2017