MENU

Deals
Category

124

Alibaba leads $1.1b investment in Indonesia’s Tokopedia

Jack Ma’s Alibaba has led a US$1.1 billion investment in Indonesia’s Tokopedia, further accelerating the Chinese giant’s expansion into Southeast Asia. (more…)

Deals, Fintech news, Hotnews

August 21, 2017

187

PayPal Buys SME Lender Swift Financial

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. (more…)

Deals, Global trends, Payment processors/providers/gateways

August 17, 2017

139

SoftBank invests $250m in Kabbage

Kabbage, the US online lender for small businesses, has secured a $250 million investment from Japan’s Softbank. (more…)

Deals, Fintech news, Hotnews

August 9, 2017

440

China Rapid Finance: 20 Million in Cumulative Loans Facilitated Since Marketplace Lending Platform Inception

China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace due to the fact that the number of facilitated loans has nearly doubled within the past six months from 10.7 million cumulative loans as of the end of 2016. (more…)

Deals, Fintech news, Global trends, p2p/online lending

July 11, 2017

481

Deutsche Börse makes $10 million investment in Trumid

Deutsche Börse has made a $10 million minority investment in electronic bond trading network Trumid. (more…)

Banks, Deals, Global trends, Hotnews

July 11, 2017

231

N26 to bring Apple Pay to Spanish customers

By n26

When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. (more…)

Banks, Deals, Fintech news, Global trends, Mobile-first banks

July 10, 2017

228

Stripe inks global partnerships with China’s Alipay, WeChat Pay

By Anna Irrera for Deal Street Asia

Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. (more…)

Cashless, Deals, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

242

Patterns In Startup M&A Processes

By Tomasz Tunguz from Redpoint Ventures for his blog

At some point in the life of your company, you may consider selling the business. Every acquisition process might run a little bit differently, but these are some of the patterns that I have observed after about nine years in the venture business, and also having evaluated a handful of acquisitions when I was at Google. (more…)

Deals, Fintech news, Global trends, Hotnews

July 10, 2017

266

Worldpay and Vantiv agree £9.1 billion merger

Worldpay is spurning overtures from JP Morgan to carve out a £9.1 billion deal with US card technology group Vantiv. (more…)

Deals, Hotnews

July 6, 2017

223

Omise acquires online payment business Paysbuy from Thai operator Dtac

By Jon Russel for techCrunch

It isn’t often that you see startups buying chunks of large corporates, but that’s what has happened in Thailand this week. (more…)

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

July 6, 2017

288

Online lending platform gets $3m from Vertex to make a play for Indonesia

By Jack Ellis for Tech in Asia

Singapore-based fintech startup Validus Capital has received US$3 million in funding from venture capital firm Vertex Ventures along with an additional US$600,000 from angel investors, it announced today. (more…)

Deals, Hotnews, InspirAsia, p2p/online lending

July 3, 2017

263

146

Indian banks failing to grasp the opportunities from demonetisation

Despite the impetus provided by demonetisation, Indian banks remain way behind the curve in tempting customers away from the bank branch to digital channels. (more…)

Deals, Hotnews, InspirAsia

July 3, 2017

269

LendUp gets strategic investment from PayPal and adds to its executive team

By Ryan Lawler for Tech Crunch

LendUp has built business providing personal loans to customers that traditional financial institutions wouldn’t touch. As it looks to expand into credit cards and other services, the company has raised some strategic funding from PayPal and also has expanded its executive ranks. (more…)

Deals, Global trends, p2p/online lending

June 29, 2017

187

InvestCloud Set to Launch London Fintech Incubator

By Smantha Hurst

InvestCloud Inc., a global fintech firm, announced on Wednesday that it is set to launch a financial technology incubator and accelerator at its European headquarters in Soho, London. The firm reported that its InvestCloud Innovation Center London will offer both new startups and established financial firms with the ability to quickly deliver digital wealth management solutions supported by its platform. (more…)

Accelerators/Incubators/Labs, Deals

June 29, 2017

226

While investment firms ponder ICOs, this team is barreling ahead with a $100 million ICO fund

By Connie Loizos for Techcrunch

Most investors are trying to get a handle on initial coin offerings, which have begun racing through the tech ecosystem like a fire, veering off in multiple directions and causing excitement and confusion and some degree of terror as they grow in number. (more…)

Blockchain, Cryptocurrencies, Deals, Hotnews

June 29, 2017

711

Occupy Fintech: The Next Wave Of Mergers And Acquisitions, Rather Than New Startups

By Vladislav Solodkiy, Managing partner at Life.SREDA VC

Despite the slowdown in growth of fintech (in terms of new investments), the industry has been leading in the venture world over the past two years.  In addition, the slowdown is quite natural as the market is full of new ideas, technologies and players, and further evolution is the result of the development and consolidation of existing companies. Take, at the very least, the capitalization of fintech unicorns – their total value almost doubled in 2016 compared to 2015. (more…)

Columns, Deals, Global trends, Hotnews

June 29, 2017

408

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

221

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

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

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

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

449

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

303

SoftBank buys Alphabet’s robotics businesses Boston Dynamics and Schaft

By Reuters,

Japan’s SoftBank Group Corp said on Friday that a unit of the company will buy two firms that build walking robots from Alphabet Inc , which would add to the group’s growing artificial intelligence portfolio. (more…)

AI / Machine Learning / Big Data, Deals, Global trends

June 9, 2017

FinCompare receives €2.5 million in seed financing

By Deutsche Bourse

FinCompare from Berlin has completed its seed financing, collecting a total of €2.5 million. (more…)

Deals, Global trends

June 8, 2017

223

OurCrowd & National Australia Bank Form Significant Partnership

OurCrowd, one of the largest equity crowdfunding platforms in the world, has formed an interesting partnership with The National Bank of Australia (NAB). The crowdfunding platform will now provide NAB clients with direct access to early stage investments listed on the OurCrowd site.  This is a first of its kind relationship as OurCrowd will gain a new pipeline of investors and NAB will gain access to compelling, global investments.

The Australian government has been aggressively pursuing financial innovation and OurCrowd has been a leader from day one in the equity crowdfunding space. The collaboration appears to be a solid fit between the two entities. To date, OurCrowd has raised over $440 million from more than 20,000 investors around the world. Smaller (accredited) investors can participate alongside some of the biggest names in venture capital and angel investors. OurCrowd has had thirteen exits to date including two IPO’s and eleven acquisitions.

The announcement was made by OurCrowd CEO Jon Medved at the Australia-Israel Chamber of Commerce Women Leaders Delegation in Israel. Executive General Manager NAB Private, Christine Yates, one of the delegates, described the collaboration as another example of NAB deepening its relationship with its clients and offering innovative solutions for a changing environment.

“We know that our clients are looking globally for investment opportunities, and OurCrowd is an established global platform which offers a full service end-to-end solution,” commented Yates. “Technology is changing the way we do business and this shows how banks need to think differently when it comes to servicing their clients. Our NAB clients will have access not available outside this collaboration.”

OurCrowd entered the Australian market in 2014 and has positioned itself as a leading provider to the local market of global alternative investment opportunities. Managing Director of OurCrowd Australia and Asia, Dan Bennett, said the collaboration provides NAB private clients a high quality globally focused product with particular scope in USA, Israel and Asia-Pacific.

“We are excited about this venture with one of Australia’s leading Private Banks and sharing the very best of global technology investment with their deeply valued clients,” he said.

NAB is a top 30 global bank and Australia’s leading business bank and employs over 34,000 people. NAB serves individuals and business customers ranging from small and medium enterprises through to Australia’s largest institutions. Outside of Australia, NAB also supports businesses across New Zealand, Asia, the UK and the US to link with the Australian market.

Crowdfunding/investing, Deals

June 6, 2017

221

Claim your chance for free access to Taobao Crowdfunding for your hardware startup

By Manny Lee for TechNode

TechCrunch Shenzhen is working with Taobao Crowdfunding to help startups find a smoother way to the market. (more…)

Crowdfunding/investing, Deals, InspirAsia

June 5, 2017

237

First Data to acquire CardConnect for $750 million

First Data has agreed to acquire smaller payments processing company CardConnect in a deal worth around $750 million, the companies said on Tuesday. (more…)

Deals, Payment processors/providers/gateways

June 1, 2017

445

Alibaba To Lead $1B Investment in Ele.me

Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese food delivery service. (more…)

Deals, eWallets, Hotnews, InspirAsia

May 29, 2017

296

Sberbank moves into e-medicine sector

by Sberbank

Sberbank announces closing a transaction to purchase a controlling stake in DocDoc.ru, the leading company on the Russian e-medicine market. (more…)

Banks, Deals, Hotnews

May 26, 2017