MENU

Deals
Category

Flipkart acquiring eBay India; raising US$2B investment: Report

By Sainul Abudhen for e27,

eBay is the sixth largest player in the e-commerce space in India after Flipkart, Amazon, Shopclues, Paytm, and Snapdeal (more…)

Deals, Global trends

March 24, 2017

Media-for-equity for fintech startups: the new way to raise funds

Vladislav Solodkiy, managing partner, Life.SREDA VC

Media for equity is an innovative form of venture capital in which advertising inventory supplied by media partners is provided to startups in return for equity. These days, media for equity is the talk of the town. Why? Incumbent media companies are seeing (or have been seeing for the past 7–8 years) their traditional advertising revenues contract and are looking for what they call diversification revenues (hence their backing of startups that can benefit from a boost from a media partner — air time, partnerships, licensing, you name it). Additionally, success stories are increasingly fuelling their appetite to come back for more of these deals. On the flip side, advertising on TV is a pretty interesting and effective way for a consumer-facing (mobile) startup to gain access to a mass market. (more…)

Deals, Hotnews, InspirAsia

March 24, 2017

Clarity Money raises another $11 million to help users improve their financial health

By Ryan Lawler

Founded by serial entrepreneur Adam Dell, Clarity Money makes a personal finance app that aims to help users lower their monthly bills and improve their financial health along the way. Just three months after launch, the company is announcing another $11 million in funding from RRE Ventures and Citi Ventures. (more…)

Deals, PFM/PFP services

March 23, 2017

Ayondo to list in Singapore at a valuation of $158 million

ayondo is a FinTech company within social trading with CFD and Spread Betting as a part of its offering. (more…)

Deals, Financial Markets / Trading, Global trends, Wealth management

March 23, 2017

Octopus Ventures Raises €120M AI Focused Venture Capital Fund

Octopus Ventures, a London, UK-based venture capital firm, has raised £120m for a new fund dedicated to investing in Machine Learning and Artificial Intelligence startups in the UK. (more…)

Deals, Global trends, Hotnews

March 23, 2017

FundThis creates a ‘risk free’ crowdfunding platform

By  for Venture Beat

Fundthis is launching a new “risk-free” crowdfunding platform to enable creators to raise money for new projects, ranging from fashion ideas to tech projects.

(more…)

Crowdfunding/investing, Deals, Fintech news, Global trends

March 23, 2017

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut is taking a leaf out of Amazon’s playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise. (more…)

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

March 23, 2017

Malaysia’s Jirnexu raises $1.5 million for fintech software

by  for VB

Malaysian fintech startup Jirnexu has raised $1.5 million in funding from DMP, Gobi Partners, and OSK Ventures International Berhad (OSKVI). (more…)

Deals, Hotnews, InspirAsia, Malaysia

March 23, 2017

Amazon Plans a Big Acquisition in the Middle East

Amazon .com has agreed in principle to buy 100% of Dubai-based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. (more…)

Deals, Fintech news, Global trends, Hotnews

March 23, 2017

Solarisbank raises $28 million with sights set on Asian market

By BI Inteligence,

While the US and European fintech markets seem to have stalled, Asia continues to show robust growth. (more…)

Banks, Deals, Hotnews

March 22, 2017

All 51 startups that debuted at Y Combinator W17 Demo Day 2

Over 15,000 founders from 7,200 startups applied to this batch of Y Combinator. It chose just over 100 with founders from 22 countries to go through its accelerator program. Today, the second half of those companies launched on stage, and we have breakdowns of all 51 of these businesses. (more…)

Deals, Global trends, Hotnews

March 22, 2017

India-based Flipkart secures US$1B funding, to raise US$1B more: Report

By Sainul Abudheen for e27

Indian e-commerce giant Flipkart has closed a US$1 billion funding round, with plans to raise an equal amount over the next few months, says a Bloomberg report quoting unidentified sources. Investors who have contributed to this round include Microsoft, eBay, and Tencent Holdings. (more…)

Deals, India

March 21, 2017

Alibaba Says Its Latest Acquisition Is Part of a ‘Big Entertainment Strategy’

By Reuters,

China’s Alibaba Group Holding has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business. (more…)

China, Deals, Hotnews

March 21, 2017

262

285

Alibaba leads $200 million investment in Paytm e-commerce unit

By Finextra

The e-commerce arm of Indian mobile wallet giant Paytm has raised $200 million in a funding round led by China’s Alibaba. (more…)

Deals, Fintech news, Payment processors/providers/gateways

March 3, 2017

261

290

Algomi Receives $10m Strategic Investment from Euronext

By FinSMEs

Algomi, a London, UK-based fixed income technology provider, received a $10m strategic investment.  (more…)

Deals, Financial Markets / Trading, Fintech news

March 3, 2017

252

130

Payment Technology Startup Dimebox Raises €5M in Funding

By FinSMEs

Dimebox, an Amsterdam, the Netherlands-based fintech startup, raised €5M in series A funding.  (more…)

Deals, Fintech news, Payment processors/providers/gateways

March 3, 2017

245

226

A Plus for P2P Lending: Investors to Buy Up to $5 Billion in Loans on Prosper

By Julie Muhn for Finovate

The rumors from last August are true. P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Investors include affiliates of New Residential Investment Corp., Jefferies Group and Third Point, and an entity of which Soros Fund Management serves as principal investment manager. (more…)

Deals, Fintech news, p2p/online lending

February 28, 2017

239

130

French cashless payment startup PayinTech raises €2.5 million

By TechInAsia

French fintech startup PayinTech, a wearable payment solution focusing on the tourism and leisure sector, announced that it has raised €2.5 million. The round was led by Caisse des Dépôts, which invested €2 million, with participation from previous investors Fa Dièse and CapDecisif. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 28, 2017

223

149

Indian FinTech Investments Decline in 2016

By CryptoCoins News

A new report has found that India’s investments in FinTech dropped significantly in 2016 from 2015, indicating what impact a lack of mega-deals can have on a country even though actual deals in India remained steady over the same period. (more…)

Deals, Fintech news, India

February 23, 2017

217

147

German fintech software firm Bexio raises €7 million

By TechEU

The German startup Bexio, a provider of cloud-based software for SMEs, has raised €7 million. The funding comes from Swisscom Ventures and existing investors Redalpine Venture Partners AG and Armada Investment AG.  (more…)

Deals, Fintech news, SME

February 23, 2017

214

325

Airbnb finalizes deal to buy social payments startup Tilt

By  for TechCrunch

Airbnb has finalized its deal to buy social payments startup Tilt, TechCrunch has confirmed. We reported on the acquisition talks last month, but now everything has been made official.

We are told that investors will be getting back about $12 million in cash, but the deal value is tens of millions of dollars higher if you include employee retention packages, which were paid for in cash and stock. Many of Tilt’s San Francisco employees including CEO James Beshara were asked to stay on board, but most of the remote team was not.

Airbnb is obtaining the Tilt assets and will keep the app operational, at least for now. But some sources are characterizing this as more of an acqui-hire, because Airbnb is spending most of the money on retaining the team.

While it’s better than shutting down, this was certainly not the dream outcome that Tilt investors had been hoping for when they invested over $60 million. Andreessen Horowitz, SV Angel and other big Silicon Valley names including Reddit co-founder Alexis Ohanian all made bets that Tilt would be a leader in mobile commerce.

Founded in 2012, Tilt was an early pioneer in peer-to-peer money transfers. It is geared more toward group payments than individual transactions, but in some ways competes with PayPal’s Venmo and Square Cash. It is also used for crowdfunding anything from “activities” to “causes,” which makes it an alternative to fast-growing GoFundMe.

The deal makes sense for Airbnb, because it is gaining top talent in the payments space, an area which could complement trip-booking. Airbnb has already built a big lodging business, but wants to expand its travel offerings. 

Airbnb’s VP of product, Joe Zadeh, has provided us with the following statement. “Airbnb and Tilt have a common vision for building community-oriented products that make it easy to bring people together. Tilt’s experience and expertise complement our ongoing efforts to transform the way people travel. By joining forces, we’ll reimagine how groups travel and enhance Trips, our new platform that brings together where you stay, what you do, and the people you meet all in one place.”

Airbnb, which has a valuation of $30 billion, has been using its clout to buy up smaller startups. They recently agreed to buy Luxury Retreats and in the past year have also acquired ChangeCoin and Trip4real. They’ve additionally been making investments in startups like Resy.

Airbnb itself is likely too expensive to be acquired, so there has been a lot of speculation about IPO possibilities. While this is an eventual goal of the company, we are hearing that they are unlikely to go public this year

First appeared at TechCrunch

Deals, Fintech news, p2p-payments

February 23, 2017

213

172

Austin startup data.world brings in $19 million to build out ‘social network for data people’

By Lori Hawkins for 512Tech

Austin startup data.world came out of stealth mode last July to tell its story.

The company, founded by a team of Austin tech veterans, revealed it was building a social network geared toward helping data scientists connect and share collections of data.

At that point, data.world was already armed with $14 million in Series A funding. Today, the company will announce that it has raised an additional $19 million.

The deal was led by family investment group of Chicago entrepreneur Pat Ryan, and includes capital from Chicago Ventures, Hunt Technology Ventures, LiveOak Venture Partners and Shasta Ventures, among others.

Also investing is a group of prominent angel investors including John Mackey, co-founder and CEO of Whole Foods; Walter Robb, former co-CEO of Whole Foods; Kip Tindell, co-founder and chairman of The Container Store and Arthur Patterson, co-founder of Accel Partners and former director of the National Venture Capital Association.

The new money will be used to fund the company’s goal of building the most collaborative and abundant data resource available, said Brett Hurt, data.world CEO and co-founder.

“Amazing things happen when people join forces and use data to answer questions, solve problems and rise to solve our most urgent societal challenges together,” said Hurt, who founded Bazaarvoice in 2005 and has invested in a number of Austin startups.

“Closing this second funding round so close to our first, and with most of it still in the bank, is a validation of the opportunity in front of us and the progress we’ve made since our preview launch in July.”

The challenge data.world is tackling is the fragmentation of data. There are 18 million open data sets, but they are often stored in different places, aren’t machine-readable and take considerable time to understand and analyze.

Also at issue: There is often a duplication of efforts as different people work on the same or similar data sets but aren’t able to connect because they aren’t aware of each others’ work.

Data.world wants to solve those problems by building a platform that is part social networking site and part data aggregator. The company wants to become the central repository for open data sets, and also make it easier to find, understand and analyze the data.

The 30-person company is set up as a “public benefit corporation,” which is a specific type of corporation that allows public benefit to be a charter purpose in addition to the traditional corporate goal of maximizing profit for shareholders.

In data.world’s case, it lets the company’s board focus on its mission of making data easier to find and use, rather than putting profit or shareholder value first.

Several examples of data collaboration projects that have launched on data.world include:

– The White House Opportunity Project, which improves data discovery and fosters collaboration with data from 11 federal agencies and 12 cities.

– The Anti-Defamation League, which has created an open data workspace to help understand and combat the rise of hate crimes.

– CIA Crest Archive, which has independently collected, formatted and published metadata on 930,000 newly-released declassified CIA documents, representing about 12 million pages.

“People put these data sets out there because they want people to work with them in a way that creates breakthrough innovation or change in policy or the alleviation of poverty,” Hurt said. “People are talking about everything from how to solve cancer to the intelligence of dogs by breed.”

Most users won’t pay anything to user the platform. Data.world is generating revenue by charging companies or organizations for the ability to have private accounts that allow them to keep their data secret, while letting employees access and share it.

“We already are seeing a lot of people use data.world in private,” Hurt said. “We don’t know what they’re doing, because they don’t tell us.”

First appeared at 512Tech

Analytics, Deals

February 23, 2017

Ayannah-1440x564_c

219

Ayannah launches an AI-powered Credit Scoring Service for the Unbanked

By

Ayannah, a provider of affordable and accessible digital financial services for emerging markets, has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system for the unbanked in emerging markets. (more…)

Credit scoring, Deals, Fintech news, Hotnews, Mobile payments/banking, Philippines, Remittances

February 21, 2017

transferwise

224

TransferWise launches Facebook Messenger bot for easy global money transfers

By  for VentureBeat

International money transfer service TransferWise has introduced a new Facebook Messenger bot, letting customers send money and create rate alerts directly from within Facebook Messenger. (more…)

Bots, Deals, Fintech news, p2p-payments, Remittances

February 21, 2017

photo-14-04-2015-12-07-08

196

Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

By  for TechCrunch

Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service. (more…)

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

February 21, 2017

2017 Just Ahead Green Road Sign Against Dramatic Clouds and Sky.

234

Global fintech funding plunges in 2016 but expected to regain momentum in 2017

By Finextra

Funding for fintech companies around the world plummeted in 2016, with American and European firms experiencing a particularly sharp drop in investment, according to a report from KPMG and CB Insights which nevertheless predicts a bumper 2017. (more…)

Deals, Fintech news, Global trends, Hotnews, Marketing Report

February 21, 2017

209

122

Barcelona’s ID Finance raises $50 million in debt funding to expand fintech to developing countries

By VentureBeat

ID Finance, a fintech startup the relocated from Russia to Barcelona, has raised $50 million in debt from a consortium of banks as it seeks to expand across Latin America. (more…)

AI / Machine Learning / Big Data, Banks, Deals

February 20, 2017

206

110

Alibaba’s Ant Financial extends global reach with first investment in the Philippines

By TechCrunch

Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines. (more…)

China, Deals, eWallets, Fintech news, Philippines

February 20, 2017

201

244

China activity drove US$5.4 billion in Asia fintech funding in 2016

By e27

Asia’s fintech funding was level with US$5.5 million raised in the US fintech industry

Fintech startups in Asia raised a record US$5.4 billion from 165 deals in 2016, driven largely by large investments in China, according to a new report from CB Insights. A whopping US$4.6 billion of total funding came from just 46 deals in China. (more…)

China, Deals, Marketing Report

February 20, 2017

Monzo, a UK digital-only bank, is closing in on new funding led by U.S.-based Thrive Capital

By TechCrunch

Monzo, one of a number of new digital only or so-called ‘challenger’ banks in the U.K. aiming to re-invent the current account, is closing in on new Series C funding, which could be announced as early as this week. (more…)

Deals, Fintech news, Mobile-first banks

February 20, 2017