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If you can’t beat them, buy them: Net1 acquires stake in Bank Frick

By Finextra

Nasdaq-listed mobile payments outfit Net1 has agreed a deal to acquire a 30% stake in Lichtenstein-based Bank Frick, providing a new reverse buy-out model for co-operation between fintech firms with technological know-how and incumbents seeking to develop new digital business strategies. (more…)

Deals, Fintech news, Mobile payments/banking

January 24, 2017

Ford invests in digital financing outfit AutoFi

By Finextra

There’s a new way for customers to purchase or finance a new Ford vehicle in minutes – right from a dealership website from anywhere, on any device – through a new platform from Ford Motor Credit Company and financial technology company AutoFi. (more…)

Deals, Fintech news, p2p/online lending

January 23, 2017

Habito secures £5.5 million investment to shake up the mortgage industry

By Finextra

UK digital mortgage broker habito has raised £5.5m in Series A funding led by Silicon Valley-based Ribbit Capital, with participation from existing investor Mosaic Ventures. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news

January 23, 2017

Deeper into China: CoAssets invests US$145K in a Chinese product crowdfunding platform

By Anisa Menur A. Maulani for e27

Australian Stock Exchange (ASX)-listed startup CoAssets today announced that it has made a RMB1 million (US$145,000) strategic investment in Fujian-based crowdfunding startup Da Xian Bing, for 10 per cent of the company, with 60 per cent to be recouped from CoAssets’ joint venture partner Fujian Yaosheng. (more…)

China, Crowdfunding/investing, Deals, Fintech news, SME

January 23, 2017

SatoshiPay Raises £640K in Funding

By FinSMEs

SatoshiPaySatoshiPay Ltd, a London, UK-based private nanopayment software and blockchain company, raised £640k in funding.

Blue Star Capital plc (AIM: BLU) made the investment. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news, Mobile payments/banking

January 21, 2017

Turkish payment provider iyzico secures $13 million to expand in Europe and Middle East

By  for tech.eu

Turkish fintech startup iyzico has raised $13 million in a Series C round, led by Vostok Emerging Finance, to boost its push into Europe and the Middle East. (more…)

Deals, Fintech news, Payment processors/providers/gateways

January 21, 2017

Fig Raises $7.84M in Series A Funding

By FinSMEs

figFig, a San Francisco, CA-based gaming crowdfunding platform, raised $7.84m in Series A funding.

The round was led by Spark Capital and Greycroft.

The company intends to use the funds to expand operations. (more…)

Crowdfunding/investing, Deals, Fintech news

January 21, 2017

Grayscale Investments Files for $500M IPO

By FinSMEs

Grayscale Investments, LLC, a New York City-based wholly-owned subsidiary of Digital Currency Group, Inc., has filed for a $500m IPO for the Bitcoin Investment Trust. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news

January 21, 2017

Payments startup Dwolla raises $6.85M more, debuts Access API

By  for TechCrunch

Some news today from Dwolla, the startup that competes with banks (but also works with them) to provide payments and money transfers with reduced fees by way of more efficient software. The company has raised another round of funding of $6.85 million, and at the same time it’s announcing the relaunch of its white-label API, which it is now calling Access API. (more…)

Deals, Fintech news, Mobile payments/banking, p2p-payments, Remittances

January 21, 2017

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Where Insurers and Reinsurers Invested in Tech Startups in 2016

By CB insights

Thematic areas that attracted strategic investment in 2016 included cybersecurity, property management software, IoT, and digital insurance distribution. (more…)

Analytics, Deals, Fintech news, Global trends, Insurance

January 20, 2017

Destacame Closes Seed Financing Round

By FinSMEs

destacameDestacame, a Santiago, Chile-based alternative credit scoring startup, closed a seed round of financing of undisclosed amount.

The round was led by Accion Venture Lab, with participation from Mountain Nazca and Chilean angel investors. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, p2p/online lending

January 18, 2017

Motive Partners, a new London/NYC fintech VC, is raising a $150M fund

By  for TechCrunch

The British pound may be at one of its lowest points of the last 50 years right now (and may still go lower…welp), but some investors see this as an opportunity. (more…)

About, Deals, Fintech news, Global trends

January 18, 2017

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Could Fintech Be in a Bubble?

By Amy Bell For Investopedia

While skeptics claim the fintech bubble will soon burst, many experts believe this innovative sector will keep on booming. Fintech, short for financial technology, became a major buzzword in 2015. That’s when a herd of fintech startups emerged and pronounced they would disrupt the financial industry – from established banks to payment firms. In 2015 financing for fintech startups surpassed $20 billion, a 66% increase over 2014. (more…)

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

January 18, 2017

Online Payment Security Startup Fraugster Raises $5M

By FinSMEs

Fraugster, a provider of an Artificial Intelligence (AI) technology solution to eliminate payment fraud, raised $5m in funding.  (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, Security

January 17, 2017

Kasisto continues chatbot momentum with $9.2 million funding

By Penny Corpsman for Payments Source
Kasisto, a provider of chatbots to banks, announced Thursday a $9.2 million Series A funding round led by Propel Venture Partners with participation from Mastercard and Commerce Ventures.

(more…)

Banks, Bots, Deals, Fintech news

January 17, 2017

Corlytics Raises €3M in Venture Capital Funding

By FinSMEs

corlyticsCorlytics, a Dublin, Ireland-based provider of a regulatory risk intelligence platform, raised €3m in venture capital funding. (more…)

Deals, Fintech news, RegTech

January 16, 2017

Crowdsurfer Raises over £1m in Funding

By FinSMEs

crowdsurfer

Crowdsurfer, a Cambridge, UK-based Crowd finance data intelligence company, raised over £1m in funding.

Backers included Mustard Seed, Peter Sands, Mike Rees, Brendan Bradley, and William Tunstall-Pedoe. (more…)

Crowdfunding/investing, Deals, Fintech news

January 15, 2017

This Taiwanese talent crowdfunding platform just raised funding to accelerate expansion

By Edison Chen for e27

hahow, an online talent crowdfunding platform based in Taiwan, announced the completion of a NTD10 million (US$316,000) angel funding from Cherubic Ventures, an early stage technology-focused venture capital firm. (more…)

Crowdfunding/investing, Deals, Fintech news, Taiwan

January 15, 2017

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Insurance Tech Startups Raise $1.7B Across 173 Deals in 2016

By CB Insights

Two of every three insurance tech deals in 2016 took place at the early-stage. (more…)

Analytics, Deals, Fintech news, Insurance

January 15, 2017

Qtum wants to unify Bitcoin and Ethereum blockchain applications

By  for TechNode

Qtum a Shanghai-based blockchain company, announced on Wednesday a more than 1 million USD angel round from top blockchain evangelists, academics, venture capitalists, and technology enthusiasts on Wednesday. The company claims they have the world’s first digital currency that can execute smart contracts with a proof-of-stake consensus mechanism, and are now working on a project called Qhola to circulate its currency on top of WeChat mini program. (more…)

Blockchain, China, Cryptocurrencies, Deals, Fintech news

January 14, 2017

Here’s how regulation crowdfunding performed in 2016

By  for VentureBeat

In May, the third and final part of the 2012 JOBS Act, Regulation Crowdfunding, went into effect and 2016 ended with much promise for entrepreneurs seeking funding and our government seeking jobs. (more…)

Crowdfunding/investing, Deals, Fintech news, Government activities

January 12, 2017

Rakuten moves into European banking market

By Finextra

Japanese e-commerce conglomerate and prominent fintech investor Rakuten is to launch a commercial banking operation in Europe from its Luxembourg headquarters. (more…)

Blockchain, Deals, Fintech news, Japan, Payment processors/providers/gateways

January 12, 2017

P2P lending unicorn Funding Circle raises another $100M led by Accel

By  for TechCrunch

Make way for another large fintech investment out of Europe. Funding Circle, the London-based peer-to-peer lending platform that lets small businesses connect with investors willing to lend them money, has raised another $100 million in funding of its own, led by Accel with participation from other previous investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures. (more…)

Deals, Fintech news, p2p/online lending

January 12, 2017

iZettle raises $63M more at a $500M valuation to expand from mobile payments

By  for TechCrunch

The world of mobile payments continues to consolidate and mature, and today one of the leading players among European mobile payments startups has raised a significant round of money to help keep itself on top. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

January 11, 2017

Bankin’ Raises €7M in Third Venture Capital Funding

By FinSMEs

bankin

Bankin’, a Paris, France-based finance app for people to understanding their finances, raised €7m in its third venture capital funding.

The round was led by Omnes Capital with participation from CommerzVentures, Generation NewTech and angels. (more…)

Deals, Fintech news, PFM/PFP services

January 11, 2017

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China Launches a $1.5 Bln FinTech Fund and Adopts to Consumers Going Cashless

By Joseph Young for CoinTelegraph

Chinese consumers are rapidly moving towards non-bank and cashless alternatives, such as Alibaba’s $60 bln financial application Alipay. To cope with the rapid growth rate of its FinTech industry, Chinese state-owned companies launched a $1.5 bln fund to support emerging FinTech startups and technologies. (more…)

Cashless, China, Deals, Fintech news

January 9, 2017

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China: Citic Goldstone, Huagai Capital back $29m Series B in Tiger Brokers

By Tomas S. Noda III for Deal Street Asia

Tiger Brokers Co, a Beijing-based online brokerage company, has raised up to $29 million (RMB 200 million) in a Series B funding round participated in by Citic GoldStone Fund Management Co Ltd, and Huagai Capital. (more…)

About, China, Deals, Fintech news, TradingTech

December 28, 2016

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India: Fintech is no more the new kid on the block

By Vivina Vishwanathan for Deal Street Asia

Year 2016 was not as glamourous as 2015 was for fintech in terms of interest from investors. According to start-up data analytics provider Tracxn, investments in 2016 were $484.79 million, compared with $1.18 billion in 2015. One of the reasons is that the 2015 numbers include money raised by Paytm in 2015. (more…)

Analytics, Cryptocurrencies, Deals, eWallets, India, Payment processors/providers/gateways

December 28, 2016

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Polychain Capital Raises £10M in VC Funding

By FinSMEs

Polychain Capital, a San Francisco, CA-based manager of a hedge fund which invests in a diversified portfolio of blockchain tokens, raised £10m in vc funding. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news

December 27, 2016

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Goldman, KKR Among Heavyweights Drawn to India’s Growth in Nonbank Lending

By Shefali Anand for The Wall Street Journal

India is seeing a surge in lending from financiers outside the banking system, a development that has attracted the attention of global players including KKR & Co. and Goldman Sachs Group Inc. (more…)

Banks, Deals, Fintech news, India, p2p/online lending

December 27, 2016