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547

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

528

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

495

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

554

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

SBI’s Intech to engage startups in FinTech

(SBI) chairman Arundathi Bhattacharya on Thursday announced Intech, an initiative to team up with startups to create financial technology (FinTech) solutions for banks. (more…)

Banks, Cashless, Deals, Fintech news

January 14, 2016

327

Deals: Moneybox Scores $3M Seed To Make It Easy For Millennials To Save And Invest

By Steve O’Hear for Techcrunch.com

Yet-to-launch Moneybox is a U.K. startup that wants to encourage millennials who might not be thinking too much about their financial futures to save and invest. (more…)

Cashless, Deals, Fintech news

January 13, 2016

483

CBS, PLDT unit to service loans through online platform Lendr

by Maricel Burgonio for Manila Bulletin,

China Bank Savings (CBS) has partnered with PLDT unit  Voyager Innovations to service loans through Lendr, the country’s first online marketplace platform for consumer loans. (more…)

Banks, Cashless, Fintech news

January 9, 2016

Deals: Eight Roads Leads Series B Round In QuanCheng

By Li Dongmei for China Money Network

Shanghai-based QuanCheng, a Software as a Service (SaaS) corporate expense management start-up, has completed a series B round of financing worth tens of millions U.S. dollars led by Eight Roads, the proprietary investment arm of Fidelity International, says an announcement. (more…)

Cashless, Deals, Fintech news

January 7, 2016

603

CurrenSeek helps travellers find the best currency exchange rates

By Yon Heong Tung for e27

Malaysia-based startup Intuitive Asset says that it works by bypassing wholesale bank rates and allowing users to crowdsource updated rates (more…)

Cashless, Fintech news, p2p-payments, Remittances

January 7, 2016

Amazon is offering customers loans — and high street retailers should be worried

By Max Slater-Robins for Business insider magazine,

Amazon UK is now offering a monthly pay-back option on items worth over £400 ($590),according to the company’s website. (more…)

Analytics, Cashless

January 4, 2016

431

TransferWise did less than £6.5 million in sales last year despite being worth $1 billion

By Business Insider,

Hot British online money transfer startup TransferWise is officially a “small company.” (more…)

Cashless, Deals, Fintech news

January 4, 2016

4436

Singapore’s true way to a cashless society

Vladislav Solodkiy, Managing Partner, Life.SREDA VC:

These days many countries are talking about the importance of innovations in the financial sector. Many of those are claiming that they will soon become the first to go completely cashless. They may be saying so, but what if they don’t really know how to do it? (more…)

Analytics, Banks, Cashless, Columns, Global trends, Government activities, Influences FinTech

August 17, 2015