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March, 2018
Archive

685

Uber applies for e-money license

Ride hailing behemoth Uber has confirmed that it has applied to the Dutch central bank for an e-money license as it looks to broaden its range of consumer-facing services. (more…)

Global trends, Hotnews, Influences FinTech

March 29, 2018

TSB launches lending marketplace for small businesses

tsb

Challenger bank TSB has unveiled its latest weapon in the fight against Britain’s high street giants, a business marketplace where SMEs can compare financing options from a host of lenders in one place.

(more…)

Banks, Fintech news, Global trends

March 29, 2018

557

RBS to acquire book-keeping software firm FreeAgent

Royal Bank of Scotland is to acquire UK accounting software vendor FreeAgent in a deal that values the firm at £53 million. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

March 29, 2018

478

Waves launches cryptocurrency payment gateway framework

By Waves,

Waves, a leading blockchain-based platform, today announced the launch of its new payment gateway framework for the Waves ecosystem. (more…)

Blockchain

March 29, 2018

551

Ally Financial Set to Open New Innovation Hub in North Carolina

Private equity firm Silver Lake is buying a $500 million stake in personal finance technology outfit Credit Karma from existing investors. (more…)

Deals, Fintech news, Global trends, Hotnews

March 29, 2018

CreditLadder recruits Monzo and Starling

Savings house in hands

Monzo and Starling Bank have joined a raft of incumbents to integrate with rent recognition platform CreditLadder to help tenants to improve their credit history with rating agencies.

CreditLadder has used the Open Banking compliant API which went live earlier this year via TrueLayer to read customer rent payments. The firm passes this data onto Experian each month who then add it to the tenant’s credit history.  (more…)

Fintech news, Global trends, Mobile-first banks

March 29, 2018

500

Online lender Upstart is said to seek $100 million from investors

From American Banker,

As many venture capitalists retreat from the online lending industry, Upstart Network is hoping to find investors still willing to bet on the business. Upstart, which was founded by Google veterans, is testing venture capitalists’ appetite for an investment round of about $100 million, said two people briefed on the matter. (more…)

Fintech news, Global trends

March 28, 2018

519

FundedByMe: We Have Now Crowdfunded Over €50 Million Since Launch

FundedByMe, an investment crowdfunding platform based in Sweden but operating in multiple countries around the world, has surpassed a new milestone. FundedByMe is reporting having topped €50 million (SEK 500 Million) in crowdfunding since platform launch as of March 2018. The platform  continues to expand internationally hiring new employees as well as a strategic ventures in other countries. Today, FundedByMe has a local presence in Dubai, Finland, Malaysia, Poland and Singapore.

(more…)

Crowdfunding/investing

March 28, 2018

474

CardUp raises $1.7M to help small businesses get more out of their credit cards

By Catherine Shu for TechCrunch,

CardUp, a Singapore-based startup that enables users to make large, recurring payments by credit card even to recipients that don’t accept cards, has raised $2.2 million SGD (about $1.7 million) led by Sequoia India and SeedPlus. This is CardUp’s first institutional investment round and will be used to expand its business serving small- to medium-sized enterprises. (more…)

Fintech news, Global trends, Hotnews

March 28, 2018

480

Twitter bans cryptocurrency ads on fraud fears

TWITTER on Monday announced a ban on ads for initial offerings of cryptocurrency or sales of virtual currency tokens, sending the value of bitcoin diving below US$8,000. (more…)

Global trends

March 28, 2018

386

Refugee charity turns to crypto with $1M donation from Ethereum’s founder and OmiseGo

By Jon Russel for TechCrunch

The crypto industry is often criticized from the outline for creating wealth that exists only in digital form, is unstable and driven by greed. That’s why a new charity initiative from top figures inside the Ethereum community might make a few non-believers sit up for a moment. (more…)

Blockchain, Cryptocurrencies, Global trends

March 28, 2018

Fintech Startup Canopy Secures $30 Million Through Latest Funding Round Led By New Enterprise Associates

Fintech startup and practice management platform for tax professionals, Canopy, announced on Tuesday it secured $30 million through its latest funding round, totaling $60 million secured to date. The funding round was led by New Enterprise Associates (NEA), with participation from Wells Fargo Strategic Capital, Pelion Ventures, University Growth Fund, and EPIC Ventures. (more…)

Deals, Fintech news

March 28, 2018

481

Oscar Health raises $165 million at reported $3B valuation

By Darrel Etherington for TechCrunch

Oscar  Health, the startup run by Josh Kushner  (yes, brother of Jared), has raised $165 million at a reported valuation of $3.2 billion, CNBC’s Christina Farr reports. The funding comes from Alphabet’s  Capital G investment company and Verily life sciences corporation, Founders Fund and others. (more…)

Global trends, Hotnews, Insurance

March 28, 2018

449

Seed Fundraising — Term Sheet Problems Part 2 — Boardroom Blues

By Ash Rust, Managing Partner, Sterling Road; Partner @AlchemistAcc.

Most term sheets have a section defining a new structure for your company’s Board. While the board can’t influence the day-to-day operations, they govern who does. It’s imperative you understand how the new board will work and most importantly, who has control. (more…)

Deals

March 28, 2018

Braintree Extend launches

By Braintree,

World-class commerce experiences are increasingly dependent upon partnerships. Whether it’s partnering with a payments service provider, a rewards platform, a content platform, a social platform, or even other merchants, the goal for many is the same: optimize the user experience and help drive growth for your business. (more…)

Fintech news, Global trends, Influences FinTech, Payment processors/providers/gateways

March 28, 2018

454

BofA Entices SMBs To Grow Account Balances With Rewards Program

Bank of America wants small business (SMB) customers to focus on growing their account balances and is introducing a new rewards program to encourage them to do so. (more…)

Banks, Global trends, SME

March 27, 2018

539

Raisin moves into investments with ETF portfolios

Berlin-based savings startup Raisin is entering the retail investment market through a tie-up with asset manager Vanguard to add ETF portfolios to its German product offering. Investors can choose between four portfolios made up of ETFs and index funds with an equity share of 30, 50, 70 and 100 per cent respectively and invest in up to 16,000 individual securities globally. (more…)

Analytics, Fintech news, Hotnews, Wealth management

March 27, 2018

419

Sydney Angels funds QPay $570k to steal millennial students from banks

by QPay,

Australia’s first ever student marketplace app, QPay, has raised $570,000 from a series of high profile investors, including Sydney Angels and the Sydney Angels Sidecar Fund 2, to break into student banking through the release of a student-targeted QPay MasterCard. (more…)

Fintech news, Global trends

March 27, 2018

610

Yolt pairs up with Monzo

Yolt, the smart thinking money app owned by ING, has integrated with the UK’s biggest challenger bank, Monzo. (more…)

AI / Machine Learning / Big Data, Fintech news, Hotnews, Mobile-first banks

March 26, 2018

356

UOB launches online travel marketplace

UNITED Overseas Bank (UOB) has launched an online travel platform that makes it easier for its customers to search, plan and book their holidays.

Working with online travel giants Agoda and Expedia, UOB said that it is the first bank in South-east Asia to have an online travel marketplace.

UOB uses Agoda’s and Expedia’s application programming interfaces (API) to draw the best options from more than a million hotel and flight possibilities, the bank said on Monday.

“This is the first time a Singapore bank has used the APIs of both online travel giants to build an integrated marketplace,” it said.

Fintech news

March 26, 2018

411

Ayondo, Singapore’s 1st listed fintech firm, opens trading debut at 24 cents

Global fintech group Ayondo on Monday (March 26) made its debut on the Singapore Exchange’s (SGX) Catalist board at 24 cents apiece – marking the first fintech company to be listed on the Singapore bourse. (more…)

Global trends, Hotnews

March 26, 2018

539

Savings chatbot Plum introduces ethical investment tool

British money management chatbot Plum has launched an investment tool that lets users choose where their money goes. (more…)

AI / Machine Learning / Big Data, Hotnews, PFM/PFP services, Wealth management

March 26, 2018

410

Malaysian Central Bank prepares for banking industry’s ‘Kodak Moment’

The Central Bank of Malaysia has established an open API implementation group with members drawn from the banking industry, fintech community and key stakeholders to develop open API standards for the financial sector as part of efforts to broaden access and promote innovation and competition. (more…)

Banks, Global trends, Government activities

March 26, 2018

445

InsurTech cloud-company Insly raises EUR2.2 million

By Insly,

Insly, a cloud-based insurance platform, announces an investment of € 2.2 million led by Concentric and Black Pearls VC. (more…)

Deals, Insurance

March 26, 2018

Does Open Banking mean the end of card payments?

By Gavin Scruby – SmartDebit

The first generally useful application of Open Banking is here in the UK. While it will be some time yet before it gets much use, new organisations soon will be able to initiate payments between bank accounts on a consumer’s behalf. This creates a new layer between consumers and banks, hopefully spawning novel ideas and services. Moving the centre of payments away from banks though causes significant shifts in the market, and could well affect the dynamic around banks’ payment card cash cow. (more…)

Global trends, Open Source/ API

March 26, 2018

How Can Fintech Boost the Micro-loan Scene?

a member-uploaded imageBy Jasmine Morgan – GFT Group

While the citizens of Norway, Finland, and Denmark all have at least one bank account, there are developing countries like the Central African Republic, Niger, and Madagascar, where the percentage of the unbanked population rises well above 85%. The poverty rates in such places are quite high, and is part of a vicious circle, since the inability to get a loan or to make deposits keeps people living day to day. The only available financial resource is social borrowing from friends and family. Yet, rapid technological advancements could turn this situation around.

(more…)

p2p/online lending

March 26, 2018

425

Google Assistant gets payments feature

By Google,

When the weekend’s over, chances are someone owes you (or you owe someone) money for something—Friday night’s concert tickets, Saturday afternoon’s barbecue supplies, or Sunday’s matinee at the movies. (more…)

Fintech news

March 23, 2018

596

eToro Raises $100 Million in Series E

In a round led by China Minsheng Financial, social trading network eToro has raised $100 million in new funding. The Series E, which featured participation from SBI Group, Korea Investment Partners, and World Wide Invest, as well, will help the company expand into new markets. The new capital will also help eToro build on its R&D efforts in blockchain technology and asset digitization. eToro’s total capital is now $162 million. (more…)

Deals, Wealth management

March 23, 2018

Switzerland’s Financial Market Supervisory Authority Presentation on Initial Coin Offering Regulation

The Swiss Financial Market Supervisory Authority (FINMA) has published a deck on initial coin offerings. FINMA has scheduled a series of roundtable meetings in collaboration with the Swiss Crypto Valley Association. The first Roundtable took place last week in Zug, Switzerland. In February, FINMA issued a clarification of sorts regarding the regulatory status of ICOs noting its intent to foster innovation and support the nascent industry that has bloomed in the Alpine nation.

(more…)

Cryptocurrencies, Global trends, Government activities

March 23, 2018

512

Fintech Circle and Abu Dhabi Global Market prep fintech education courses

By Funding Circle,

Fintech Circle, the leading global community of FinTech entrepreneurs, angel and VC investors, financial services professionals and FinTech thought-leaders and its Fintech Circle Institute, is poised to launch its comprehensive range of Fintech Education Courses for the United Arab Emirates (UAE), in collaboration with Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi. (more…)

Fintech news, Hotnews, p2p/online lending

March 23, 2018