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130

Icici Bank launches digital application form for opening current accounts

By ICICI Bank,

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a digital application facility on smartphones and tablets, that enables bank officials to open current accounts of self-employed individuals and businesses swiftly in just a few hours, in comparison to an industry average of a few days. (more…)

Banks, Deals, Hotnews

April 20, 2018

163

iZettle sets up e-commerce marketplace for small traders; Qapital raises $30 million

Swedish mPOS outfit iZettle has launched an e-commerce marketplace for small business owners to sell their wares online. (more…)

Deals, Fintech news, Global trends

April 20, 2018

365

Latest Fintech Funding Deals In Singapore

n 2017, Singapore hit US$229.1 million of fintech funding, a record mainly attributed to two of Asia’s ten biggest deals taking place in the city-state in the fourth quarter. The deals are the acquisition of Paynear Solutions by e-commerce startup GoSwiff for US$100 million, and global asset management fintech player Smartkarma’s US$13.5 million Series B funding round. (more…)

Deals, Global trends, InspirAsia

April 16, 2018

230

Kabbage Quiet as Rumors Grow Over Potential Orchard Acquisition

Bloomberg and other sources are reporting that small business lender Kabbage will acquirelending platform Orchard. The firm, which boasts the support of former Citigroup and Morgan Stanley bosses Vikram Pandit and John Mack, provides information on the marketplace lending industry to Wall Street companies. No terms have been made available and neither Kabbage nor Orchard Platform Markets have commented on the potential acquisition. (more…)

Deals, Global trends, Hotnews

April 16, 2018

Da Vinci Capital invests in Russia’s Global Fintech Solutions

By GFS,

Global Fintech Solutions (GFS), a fintech platform aimed at transferring leading global technologies into emerging markets, raised a new funding round from several funds under the management of Da Vinci Capital and from its the portfolio group, ITI Funds. Investment group Prytek was a co-investor in the investment round. (more…)

Deals, Global trends

April 13, 2018

148

Fidor’s New Partnership Takes Aim at Financial Inclusion

Digital banking services company Fidor has partnered with the International Finance Corporation (IFC) to expand digital banking services in Africa and Latin America. (more…)

Deals, Mobile-first banks

April 12, 2018

JPMorgan Invests in UK Fintech AccessFintech Through Series A Funding Round

AccessFintech, a UK-based fintech firm, announced on Tuesday that JPMorgan has invested in the company through its Series A funding round. AccessFintech also revealed it has joined JPMorgan’s exclusive In-Residence program, which is described as a program designed to assist emerging fintech companies that are looking to solve real-world industry problems and deploy their solutions at an enterprise level. (more…)

Banks, Deals

April 11, 2018

313

Softbank and Alibaba invest $445m in Paytm ecommerce unit

The ecommerce arm of Indian fintech giant Paytm has raised $445 million from Japan’s Softbank and China’s Alibaba. (more…)

Deals, Global trends

April 4, 2018

238

500 Startups takes strategic investment from Abu Dhabi Financial Group

500 Startups,  the U.S.-headquartered VC firm hit by scandal last year after co-founder Dave McClure resigned following allegations of sexual misconduct, has announced an unconventional deal that sees Abu Dhabi Financial Group (ADFG) take a stake in its parent company. (more…)

Deals, Fintech news, Global trends

April 4, 2018

259

HSBC to offer Paypal as global disbursement option for corporate clients

PayPal’s strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers. (more…)

Banks, Deals, Fintech news, Global trends

April 2, 2018

151

AI startup vPhrase wins Temenos Innovation Jam Hong Kong

By Temenos,

Temenos (SIX: TEMN), the banking software company, announces that the audience of the Innovation Jam in Hong Kong has voted vPhrase the winner of the fintech competition. (more…)

Banks, Deals

April 2, 2018

332

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

305

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

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

164

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

205

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

279

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

443

50 Big Companies that Started with Little or No Money

Joseph Flaherty, Director of Content & Community at HackerNoon 

There’s a widespread belief among founders that venture capital is a precursor to success. It is true that VC is a common denominator of the most successful tech startups, but it isn’t a prerequisite, especially at the early stages. (more…)

Deals, Fintech news, Hotnews

March 23, 2018

Singaporean robo-advisor StashAway secures USD $5.3 million in Series A Funding

By StashAway

StashAway, the first robo-adviser to receive a retail license in Singapore, announced today that it has completed a USD $5.3 million (SGD $7.0 million) Series A round of funding. (more…)

Deals, Fintech news, Global trends

March 22, 2018

223

BofA lets customers link cards to PayPal accounts from mobile app

Bank of America customers can now add credit and debit cards to their PayPal accounts directly from the lender’s mobile app. (more…)

Banks, Deals, Fintech news

March 21, 2018

Experian buys credit checking start-up ClearScore for $385m

Experian is to acquire ClearScore, a two year-old UK firm that offers free credit checks for consumers and has over 6 million customers. It comes with a price tag of £275 million ($385 million), with an additional earnout potential. (more…)

Deals

March 19, 2018

278

JD’s Finance Arm Seeks Fresh Funding

In an effort to deepen its push into securities, banking and insurance, JD.com’s finance arm is seeking to raise ¥12 billion — or $1.9 billion — in equity. If successful, the unit could be worth more than $20 billion, CNBC reported. (more…)

Deals, Fintech news, Global trends, InspirAsia

March 19, 2018

Experian acquires UK’s ClearScore and its financial product matching engine for $385M

By Ingrid Lunden for TechCrunch

While credit-scoring behemoth Equifax continues to work through the fallout from its massive security breach, one of its big competitors is snapping up a startup in the UK to diversify its business. Experian today announced that it is acquiring ClearScore, which has built a platform that — like Experian — offers you a credit score, which it then uses it to suggest financial products like credit cards that fit the bill, so to speak. Experian is acquiring ClearScore for £275 million ($385 million), plus an unspecified earnout based on future performance. The deal is expected to close later this year. (more…)

Deals, Fintech news, Hotnews

March 15, 2018

234

Coinbase gets e-money license in the UK, will add Faster Payments to speed up fiat deposits

By Steve O’Hear for TechCrunch

The will be welcome news for cryptocurrency fans in the U.K. and Europe. Coinbase, one of more popular and accessible cryptocurrency exchanges, has been granted an e-money license by the U.K. regulator the Financial Conduct Authority (FCA). (more…)

Blockchain, Deals, Hotnews

March 14, 2018

Emma integrates with Starling Bank

By Emma, 

London-based Emma Technologies LTD, after successfully receiving approval by the Financial Conduct Authority, has integrated with Starling Bank, the UK-based challenger bank. (more…)

Deals

March 12, 2018

246

Singapore’s Golden Gate raising US$100m venture capital fund: source

Singapore’s Golden Gate Ventures is raising a US$100 million third fund to continue investing in South-east Asia’s burgeoning market for e-commerce, payments and mobile apps, according to a person familiar with the matter. (more…)

Deals, Fintech news, Global trends

March 12, 2018

375

BBVA raises Atom Bank stake to 39% as part of £149 million funding round

UK digital-only Atom Bank has raised £149 million in a funding round which sees BBVA invest a further £85.4m in the startup, raising its stake to 39%. (more…)

Banks, Deals, Global trends, Hotnews

March 8, 2018

333

Babb raises $20m for blockchain banking platform

Having just raised $20 million in a sold-out token sale, British blockchain-based banking platform Babb has set its sights on opening its first bank accounts before the end of the year. (more…)

Blockchain, Deals

March 8, 2018

287

Square’s Cash app now supports direct deposits for your paycheck

By Fitz Tepper for TechCrunch

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. (more…)

Deals, Global trends, Payment processors/providers/gateways

March 8, 2018

Mastercard acquires Oltio from Standard Bank

Furthering its ambitions to displace cash in emerging markets, Mastercard has acquired mobile payments technology company Oltio from South Africa’s Standard Bank. (more…)

Banks, Deals, Global trends, Hotnews

March 6, 2018