MENU

Deals
Category

London-Based Robo-Advisor MortgageGym Closes £2M Seed Round

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. (more…)

Deals, Global trends, p2p/online lending

May 23, 2017

Banks pour $107M into blockchain consortium R3

By Penny Crosman for American Banker

R3, the bank consortium that’s building a distributed ledger specifically for financial institutions, received its first wave of funding Tuesday morning — a cool $107 million from 40 of its backers. (more…)

Blockchain, Cryptocurrencies, Deals, Hotnews

May 23, 2017

Bank/fintech collaboration can take transaction banking to new heights

Bu Finextra

With banks and emerging technology companies bringing a raft of new innovations and business models to the industry, Claudio Camozzo and Jan Kupfer, global co-heads of Global Transaction Banking at UniCredit, argue that bank-fintech collaboration alongside a customer-focused approach is essential to seize – and maximise – the opportunities at hand. (more…)

Banks, Deals, Global trends

May 23, 2017

Riskopy acquired by Coupa for data aggregation capability

By Coupa

Coupa Software, a leader in cloud-based spend management, today announced that it has acquired substantially all of the assets of Riskopy, Inc. (more…)

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

May 22, 2017

SoftBank Vision Fund Now Over $93 Billion

By Crowdfund Insider

The SoftBank Vision Fund announced its first major close yesterday with over U.S. $93 billion of committed capital. (more…)

Deals, Hotnews, Influences FinTech, InspirAsia

May 22, 2017

242

BBVA brings info and payments to social and messaging networks

BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp. (more…)

Banks, Deals, eWallets, Fintech news, Global trends, p2p-payments, Remittances

May 19, 2017

150

Paytm to open new Payments Bank next week

Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government’s relaxing of restrictions on bank licensing in an effort to boost financial exlusion. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 19, 2017

119

Facebook just got hit with a $122 million fine over WhatsApp

By MD for Fast Company

The €110 million fine was levied by the European Commission over Facebook’s acquisition of WhatsApp in 2014. The EC said Facebook had provided “incorrect or misleading information” when it said it wouldn’t be able to link the profiles of users on WhatsApp and Facebook. (more…)

Deals, Global trends, Hotnews, Influences FinTech

May 18, 2017

117

Verse grabs $20.5M to take its p2p payments play beyond Europe

By Natasha Lomas for Techcrunch

Social payments app Verse has closed a $20.5 million Series B round of funding from its existing investors. The round is led by Spark Capital, with eVentures and Greycroft Partners also participating. It raised its Series A in October last year, when it took in $8.3M. (more…)

Deals, Fintech news, Global trends, p2p-payments

May 18, 2017

SoFi moves into wealth management

By SoFi

Today, SoFi announced the general availability of SoFi Wealth, the first low-cost online wealth management platform to combine an easy-to-use online and mobile interface with unlimited access to live, licensed financial advisors, giving people the guidance they need to understand, define, and then work toward achieving their investing goals. (more…)

Deals, Global trends, Hotnews

May 17, 2017

Online Lender Earnest Said to Be For Sale

According to a report by Bloomberg,Earnest is up for sale. The San Francisco based online lender is said to have an asking price of $100 million. Founded in 2013, Crunchbase reports Earnest has raised over $99 million not including an undisclosed sum in a VC round in January 2016 and $200 million of debt financing.

(more…)

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

May 17, 2017

Moni Raises $3m in Funding

Moni, a Buenos Aires, Argentina-based fintech platform, raised $3m in funding. (more…)

Deals

May 16, 2017

OpenInvest Raises $3.25m in Seed Funding

OpenInvest, a San Francisco, CA-based social impact investing platform for retail investors, raised $3.25m in seed funding. (more…)

Deals

May 16, 2017

Singaporean fintech startup 4xLabs secures $1.5m for global expansion

By Jack Ellis for TIA

Singapore-based 4xLabs closed a pre-series A round worth US$1.5 million, it announced today. (more…)

Deals, InspirAsia

May 16, 2017

133

Alibaba Invests In Its First Fintech Company In Hong Kong

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. (more…)

Cashless, Deals, eWallets, Hotnews, InspirAsia

May 16, 2017

58

Chinese Celebrity-Backed Fintech Firm QuantGroup Considering US IPO

Fintech company QuantGroup, which was founded by several notable Chinese movie stars, is considering a US IPO, according to an article published in Bloomberg last week. The firm is looking to raise an estimated $200 million according to unnamed sources. (more…)

Deals, Global trends, Hotnews, InspirAsia

May 16, 2017

146

As VCs pivot from lenders, case for deposit-side fintech is less clear

By American Banker

Companies that aggregate consumers’ financial lives are having a moment. (more…)

Deals, Global trends, Influences FinTech, People of fintech

May 15, 2017

124

Blockchain ICO Funding Gains Steam Vs VC Investment

Token offerings hit their highest funding point last quarter, with 10+ deals totaling about $70M. (more…)

Blockchain, Deals, Global trends

May 15, 2017

172

Credit Karma now helps users find unclaimed cash

by  for Techcrunch.com

Since being founded a decade ago, Credit Karma has worked to help users better understand their credit scores and improve their financial health. Today the company is launching a new product that helps find unclaimed money they might not even have known was owed to them. (more…)

Deals, Fintech news, Hotnews, RegTech, Security

May 15, 2017

MarketInvoice Receives £45 Million to Lend from BNI Europe

MarketInvoice, a UK based invoice financing platform, has received a £45 million lending commitment from Portuguese bank BNI Europa. (more…)

Deals, p2p/online lending, SME

May 15, 2017

177

Snapchat hits a disappointing 166M daily users, growing only slightly faster

By Josh Constine for TechCrunch

Snap’s growth rate increased only slightly in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5%, compared to the 158 million DAUs it had in Q4 when it hit a 3.2% growth rate. Snap’s year-over-year growth rate continued to slip, falling to 36% year-over-year from 48% in Q4. (more…)

Analytics, Cashless, Deals, Global trends, Hotnews

May 11, 2017

184

BNP Paribas to become startup bank for Parisian version of Silicon Valley

BNP Paribas is to locate its Plug and Play accelerator at Parisian startup campus Station F as part of a partnership programme that will see the bank become a first port of call to meet the financing needs of emerging technology firms at the site. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

May 11, 2017

107

KPMG acquires fintech matchmaking firm Matchi

KPMG is looking to cash in on the growing trend for bank/startup collaboration with the acquisition of fintech matchmaking platform Matchi. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

109

Deutsche Bank backs pan-industry online identity platform

Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services. (more…)

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

May 9, 2017

156

Jack Henry strikes partnership deal with First Data and PSCU

By Jack Henry

Jack Henry & Associates announced it has entered into a strategic services agreement with First Data (NYSE: FDC) – the global leader in payment technology and services solutions – and PSCU – the nation’s leading credit union service organization – to further expand the credit and debit card platform offered to financial institutions by its JHA Card Processing Solutions group. (more…)

Deals, Global trends

May 5, 2017

Sage confirms sale of US trading unit

By Sage

The Sage Group plc unaudited results for the six months ended 31 March 2017. (more…)

Deals, Global trends

May 5, 2017

202

Next Insurance raises $29 million for online platform that targets small businesses with tailored plans

By Paul Sawers for Venture Beat

Next Insurance, an online insurance platform that targets small to medium-sized businesses, has raised $29 million in a Series A round of funding led by Munich Re/HSB Ventures, Markel, and Nationwide, with participation from other existing investors. (more…)

Deals, Global trends, Hotnews, Insurance

May 4, 2017

149

Bank of America teams with Bypass for digitial commerce at stadium concessions

By Bank of America

Bank of America Merchant Services and Bypass are teaming up to help arenas, sporting venues, corporate and college campuses, hospital cafeterias and other contract food and beverage operators run their concessions more efficiently through a new unified, digital commerce solution. (more…)

Banks, Deals, Hotnews

May 4, 2017

152

Online insurance firm Next Insurance raises $29 million

By  for TechEU

Israeli-founded online insurance company Next Insurance has raised $29 million from Munich Re/HSB Ventures with participation from Markel, and Nationwide. (more…)

Deals, Global trends, Hotnews, Insurance

May 4, 2017