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118

PayPal joins $17.5 million round in Simility

By Smility

Today we announced our latest funding round of $17.5M to keep pace with explosive company growth. (more…)

Deals, Fintech news, Global trends

December 13, 2017

Ingenico acquires Taiwan’s Airlink

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, today announced the acquisition of Airlink, a leading value added reseller in Taiwan. (more…)

Deals, Global trends, InspirAsia, POS/mPOS and online acquiring

December 8, 2017

Chinese bike-sharing start-up Ofo raises $1bn

China’s bike-sharing start-up Ofo has raised $1bn from investors including Alibaba, according to two sources familiar with the deal. Ofo provides dockless GPS-tagged bikes which can be unlocked using a smartphone app. (more…)

Deals, Hotnews

December 8, 2017

141

Payoneer banks investment from China Broadband Capital

By Payoneer

Payoneer, an innovative digital payments company transforming the way businesses send and receive cross-border payments, announced today that China Broadband Capital (CBC), one of China’s leading investment funds, has made an investment in the company. (more…)

Deals, Hotnews, Payment processors/providers/gateways

December 6, 2017

144

Affirm Said To Eye $150M Capital Raise On $1.5B Valuation

Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status. (more…)

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

December 6, 2017

125

Intuit’s ‘rise of the rest’ M&A strategy means large paydays outside the Valley

By Danny Crichton for Techcrunch

This morning, Frederic reported that Intuit has acquired TSheets, a time-tracking service, for $340 million. That’s one of the highest prices that Intuit has ever paid for an acquisition, roughly equal to the cost of the company’s acquisition of Mint Bills / Check in 2014, and slightly smaller than the acquisition of Demandforce in 2012 for $423 million (which Intuit has since divested in). (more…)

Deals, Global trends, Hotnews

December 6, 2017

R3’s Corda arrives on AWS Marketplace

By R3

Enterprise software firm R3’s Corda has become one of the first distributed ledger technology (DLT) solutions available to users of Amazon Web Services (AWS), enabling AWS’s network of users to build and deploy applications for finance and commerce on R3’s Corda. (more…)

Deals, Hotnews

December 5, 2017

103

WePay CEO On Chase Acquisition And What’s Next

“A couple of years ago, everyone was talking about integrated payments,” WePay CEO Bill Clerico told Karen Webster in a recent conversation. “Now people aren’t just talking about it – they are doing it and focusing in on it.” (more…)

Banks, Deals, Global trends, Hotnews

December 5, 2017

161

Deutsche Bank hops on WeChat

Deutsche Bank is looking to keep in touch with its Chinese-speaking customers by jumping onto WeChat, the social media giant with nearly a billion active users. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

December 4, 2017

122

RBS and Allianz join C$45m funding round for quantum computing startup 1QBit

A host of financial services firms, including the Royal Bank of Scotland, have joined a C$45 million Series B funding round for Vancouver-based quantum computing startup 1QBit Information Technologies. (more…)

Deals

December 4, 2017

109

Money app Yolt hits 100,000 UK users in less than six months

By Yolt

Yolt, the money app owned by ING, has reached 100,000 registered app users in less than six months of Open Beta in the UK. (more…)

Banks, Deals, Hotnews, Mobile-first banks, PFM/PFP services

December 4, 2017

114

How startups should approach working with large banks

How can a technology startup of 30 people, service its small group of clients with a combined workforce of over one million employees, $1 trillion in market cap and decades of legacy systems? By adopting a ‘Thin Wedge’ approach to innovation, says Guy Halford-Thompson, co-founder and director of enterprise blockchain company BTL Group.

Deals, Fintech news, Global trends

December 4, 2017

First Data completes BluePay acquisition

By BluePay

First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today announced the successful completion of its acquisition of BluePay Holdings, Inc. from BluePay’s current owners including TA Associates and BluePay management. (more…)

Deals, Fintech news

December 4, 2017

145

Coinsilium Group buys 30% stake in ICO advisory outfit StartupToken

By Coinsilium

Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce it has acquired a 30% equity stake in StartupToken Limited (“StartupToken”), a provider of accelerator and advisory services to technology start-ups and companies looking to undertake Token Generation Events (“TGEs”), sometimes referred to as Initial Coin Offerings (“ICO’s”). (more…)

Blockchain, Cryptocurrencies, Deals, Global trends

November 30, 2017

351

Nordea sets up fintech fund; invests in Betalo

Nordea has become the latest bank to set up a venture fund to invest in fintech startups and gain a headstart in the race towards digitalisation. (more…)

Banks, Deals, Global trends

November 30, 2017

250

Chris Skinner Invests in Meniga, a White Label Digital Banking Solution

Chris Skinner, a Fintech industry commentator, author, speaker, and publisher of the Finanser blog, has invested in Meniga, a digital banking solutions. Skinner has been part of the Meniga Advisory Board since 2011. (more…)

Banks, Deals, Fintech news, Global trends

November 28, 2017

135

Bank Negara approves InstaRem mobile app for easy money transfer

KUALA LUMPUR: InstaRem Malaysia Sdn Bhd, a digital cross-border payments company, sees Malaysia as a large market for its digital remittance services. (more…)

Banks, Deals, Global trends, Hotnews, Remittances

November 28, 2017

117

MoneyMe secures A$120m capital facility

By MoneyME

Australian consumer lending fintech, MoneyMe, has finalised an AU$120 million asset-backed wholesale securitization facility led by $100 million from global investment manager, Fortress Investment Group, and joined with $20 million of bonds issued by corporate advisory, Evans & Partners. (more…)

Deals, p2p/online lending

November 28, 2017

Moneo.io sets up blockchain talent agency

By Moneo.io

This week sees the official launch of Moneo.io — the world’s first blockchain talent agency that enables organisations worldwide to hire high-end, experienced blockchain freelancers, from coders to marketers, and pay both their fee and the freelancers themselves in bitcoin via Moneo’s secure, escrowed payments platform. (more…)

Blockchain, Cryptocurrencies, Deals

November 28, 2017

120

Balderton Capital closes new $375M fund to invest in Series A-stage European startups

By Steve O’Hear for TechCrunch

More VC money sloshing around Europe: In what was probably one of the worst kept secrets in European VC, London-based Balderton Capital is announcing a new $375 million fund. I understand that it actually closed earlier this year, however, and I’m told has already been used to make ten investments. (more…)

Deals, Global trends

November 27, 2017

200

Sensory Partners with Fujitsu to Bring Biometrics to Mizuho’s Mobile Banking

Fujitsu has teamed with Silicon Valley-based Sensory to provide face biometric authentication for Mizuho’s mobile banking, reports Antony Peyton of Banking Technology(Finovate’s sister publication). (more…)

Banks, Deals, Fintech news, Global trends

November 24, 2017

Japanese pawn shop app Cash acquired for $62.2M by DMM

DMM, one of Japan’s largest Internet and e-commerce conglomerates, announced today that it will pay 7 billion yen (about $62.2 million) for pawn shop app Cash. Launched this summer, Cash’s software automatically appraises an item’s value based on user photos and offers a cash advance with it as collateral. (more…)

Deals, Fintech news, Global trends, InspirAsia, SME

November 21, 2017

161

PayPal sells US consumer loans to Synchrony Financial

By Paypal

PayPal Holdings, Inc. (NASDAQ: PYPL) and Synchrony Financial (NYSE: SYF) today announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in receivables held by certain investors and a chartered financial institution. (more…)

Deals, Global trends, Hotnews, Payment processors/providers/gateways

November 18, 2017

188

Chinese microlender Lexin files for a $500m US IPO

By Timmy Shen for tech Node

Lexin Fintech Holdings, an online microlending platform targeting young Chinese consumers, on Monday filed for IPO in the US to raise $500 million. (more…)

Deals, p2p/online lending

November 14, 2017

172

Singapore’s central bank to pour $20m into AI and data as it pushes fintech growth

The Monetary Authority of Singapore (MAS) continues bringing finance and technology closer together, making sure that Singapore’s financial industry doesn’t miss the fintech train. (more…)

Banks, Deals, Fintech news, Government activities, InspirAsia

November 14, 2017

149

Micro-investing app Acorns acquires Portland’s Vault

By Acorns

Acorns, the country’s fastest-growing micro-investing app with more than 2.2 million investment accounts, has just announced the strategic acquisition of Vault, a Portland-based tech company, which lets customers automatically invest part of their paycheck into a retirement fund. (more…)

Deals, Fintech news, Global trends

November 13, 2017

169

Alibaba funds lending startup WeLab to help it break out of China

By Steven Millward for Tech in Asia

Lending startup WeLab is flush with cash today after announcing US$220 million in its latest funding round. It operates WeLend in Hong Kong and Wolaidai in mainland China. (more…)

Deals, Global trends, Influences FinTech

November 13, 2017

Fintech Startup Credit Sesame Secures $42 Million in Equity & Venture Debt Funding

Credit Sesame, a personalized credit service and financial wellness company, announced on Wednesday it secured $42 million in equity and venture debt funding. According to the fintech startup, the funding comes from existing and new investors including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, SF Capital, among others, along with a strategic investor. (more…)

Deals, Fintech news

October 26, 2017

193

SoFi held acquisition talks with Charles Schwab

SoFi, the online lending giant, held conversations with Charles Schwab about a potential acquisition by the brokerage firm, according to a source with knowledge of the discussions. (more…)

Deals, Hotnews

October 23, 2017

226

Allset raises $5M to help restaurants deliver a more efficient dining experience

By Anthony Ha for TechCrunch

Allset has raised $5 million in Series A funding led by Greycroft. (more…)

Deals, Global trends, Hotnews, SME

October 18, 2017