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Invoice Bazaar invests in online document exchange Odex

By Invoice Bazaar,

Invoice Bazaar, a FinTech Supply Chain Finance platform with presence across Asia today announced an undisclosed investment in online document exchange platform ODeX. (more…)

Deals

February 20, 2018

CurveGlobal secures £20 million from shareholding banks

CurveGlobal, the interest rate derivatives platform, announces that it has secured an additional £20 million in financing from existing bank shareholders, as well as Cboe and LSEG. (more…)

Banks, Deals

February 6, 2018

Ohpen raises EUR25 million for overseas expansion

Core banking provider Ohpen has closed a €25 million Series C investment round with PE firm Amerborgh as it prepares to take its SaaS-based platform into new territories. (more…)

Deals, Fintech news, Global trends

February 5, 2018

Brazilian Fintech EBANX Secures $30 Million Investment From FTV Capital

Brazilian fintech EBANX announced on Wednesday it has secured a $30 million investment from FTV Capital. The company states it is focused on helping global merchants grow exponentially and increase revenue in Latin America by offering end-to-end local payments solutions, which allows businesses to sell to Latin Americans without bureaucracy. (more…)

Deals

February 2, 2018

544

French PFM Innovator Linxo Partners with Raisin

By David Penn for Finovate

A Franco-German alliance has formed with Linxo and Raisin teaming up to target the European savings sector, reports Antony Peyton of Fintech Futures (sister publication of Finovate). (more…)

Deals, Fintech news, Hotnews

January 31, 2018

250

Google confirms investment in Indonesia’s ride-hailing leader Go-Jek

By Jon Russel for TC

Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. (more…)

Deals, Global trends

January 30, 2018

515

Santander InnoVentures, appoints Mario Aransay as partner

By Santander,

Santander InnoVentures today announces that Mario Aransay has been made partner of the $200M corporate venture fund of Santander Group, having spent a successful two years as head of Portfolio Partnerships. (more…)

Banks, Deals, Fintech news, Hotnews

January 30, 2018

173

Varo Money closes $45m Series B round

Varo Money, Inc., a mobile banking startup, announced today that it has closed a $45M Series B funding round led by existing investor Warburg Pincus, a global private equity firm focused on growth investing, and The Rise Fund, a global impact fund led by private equity firm TPG. (more…)

Credit/Debit/Prepaid cards, Deals, Global trends

January 22, 2018

422

Goldman Sachs leads $38m Visible Alpha funding round

Investment research technology firm Visible Alpha has expanded its roster of big Wall Street name backers and set its sights on MiFID-led European growth after closing a $38 million funding round led by Goldman Sachs. (more…)

Banks, Deals, Hotnews

January 22, 2018

478

Kreditech selects Mambu’s SaaS banking engine for its passage to India

Mambu today announced it has signed a deal with Kreditech, the leading technology group for digital consumer lending using machine-learning based underwriting, to support the online lender’s entry into the Indian market. (more…)

Deals

January 12, 2018

Tandem Closes on Harrod’s Bank Purchase, Receives UK Banking License with Acquisition

Digital challenger bank Tandem has closed on the acquisition of Harrod’s bank – the financial institution long associated with the eponymous London retail store.Tandem received regulatory approval by the Prudential Regulation Authority, a division of the Bank of England, and the Financial Conduct Authority to take over the bank. Harrod’s Bank, founded in 1893, is a small banking institution, but it immediately provides Tandem access to 10,000 customer accounts and £80 million in capital. (more…)

Deals, Mobile-first banks

January 12, 2018

635

Japanese and Korean banks to test RippleNet for cross-border funds transfers

Japanese and Korean banks are to run pilot trials of real-time cross-border funds transfers over the Ripple network. (more…)

Banks, Blockchain, Deals, Fintech news, Hotnews

December 22, 2017

392

Insurtech Lemonade Raises $120 Million in Round led by SoftBank

Prominent Insurtech firm Lemonade is having a pleasant Holiday season following the announcement they have raised $120 million to fuel platform growth. The funding round was led by SoftBank, a group that has been highly active in the Fintech sector. Valuation was rumored to be over $500 million. Lemonade last raised funding a year ago with a $34 million Series B led by General Catalyst and included the participation of GV (aka Google Ventures), Tusk Ventures and Thrive Capital. (more…)

Deals, Fintech news, Global trends, Hotnews, Insurance

December 20, 2017

194

Mobike lands investment from Line to grow its bike-sharing service in Japan

By Jon Russel

Dock-less bike rental company Mobike is teaming up with messaging app firm Line to boost its presence in Japan. (more…)

Deals, Global trends

December 20, 2017

217

Indonesian ride-hailing app Go-Jek buys three fintech startups

Go-Jek, Indonesia’s answer to Uber, has acquired three fintech startups as it bids to establish itself as a major digital payments player. (more…)

Deals, Global trends

December 18, 2017

345

Singapore’s 10 best-funded startups this year

Southeast Asia’s tech firms saw a record US$8.6 billion in disclosed funding in 2017, obliterating last year’s US$2.6 billion, according to the Tech in Asia Database. The region defied slowdowns in China and India’s tech industry. (more…)

Deals, Fintech news, Global trends

December 18, 2017

Horizons Ventures backs AI startup Fano Labs in first Hong Kong investment

By Jon Russel for TechCrunch

Horizons Ventures, the VC firm founded by Hong Kong’s richest man Li Ka-Shing, has made a rare early-stage investment after it backed AI startup Fano Labs. (more…)

AI / Machine Learning / Big Data, Deals

December 18, 2017

282

PayPal joins $17.5 million round in Simility

By Smility

Today we announced our latest funding round of $17.5M to keep pace with explosive company growth. (more…)

Deals, Fintech news, Global trends

December 13, 2017

Ingenico acquires Taiwan’s Airlink

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, today announced the acquisition of Airlink, a leading value added reseller in Taiwan. (more…)

Deals, Global trends, InspirAsia, POS/mPOS and online acquiring

December 8, 2017

Chinese bike-sharing start-up Ofo raises $1bn

China’s bike-sharing start-up Ofo has raised $1bn from investors including Alibaba, according to two sources familiar with the deal. Ofo provides dockless GPS-tagged bikes which can be unlocked using a smartphone app. (more…)

Deals, Hotnews

December 8, 2017

396

Payoneer banks investment from China Broadband Capital

By Payoneer

Payoneer, an innovative digital payments company transforming the way businesses send and receive cross-border payments, announced today that China Broadband Capital (CBC), one of China’s leading investment funds, has made an investment in the company. (more…)

Deals, Hotnews, Payment processors/providers/gateways

December 6, 2017

338

Affirm Said To Eye $150M Capital Raise On $1.5B Valuation

Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status. (more…)

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

December 6, 2017

234

Intuit’s ‘rise of the rest’ M&A strategy means large paydays outside the Valley

By Danny Crichton for Techcrunch

This morning, Frederic reported that Intuit has acquired TSheets, a time-tracking service, for $340 million. That’s one of the highest prices that Intuit has ever paid for an acquisition, roughly equal to the cost of the company’s acquisition of Mint Bills / Check in 2014, and slightly smaller than the acquisition of Demandforce in 2012 for $423 million (which Intuit has since divested in). (more…)

Deals, Global trends, Hotnews

December 6, 2017

154

R3’s Corda arrives on AWS Marketplace

By R3

Enterprise software firm R3’s Corda has become one of the first distributed ledger technology (DLT) solutions available to users of Amazon Web Services (AWS), enabling AWS’s network of users to build and deploy applications for finance and commerce on R3’s Corda. (more…)

Deals, Hotnews

December 5, 2017

214

WePay CEO On Chase Acquisition And What’s Next

“A couple of years ago, everyone was talking about integrated payments,” WePay CEO Bill Clerico told Karen Webster in a recent conversation. “Now people aren’t just talking about it – they are doing it and focusing in on it.” (more…)

Banks, Deals, Global trends, Hotnews

December 5, 2017

269

Deutsche Bank hops on WeChat

Deutsche Bank is looking to keep in touch with its Chinese-speaking customers by jumping onto WeChat, the social media giant with nearly a billion active users. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

December 4, 2017

208

RBS and Allianz join C$45m funding round for quantum computing startup 1QBit

A host of financial services firms, including the Royal Bank of Scotland, have joined a C$45 million Series B funding round for Vancouver-based quantum computing startup 1QBit Information Technologies. (more…)

Deals

December 4, 2017

253

Money app Yolt hits 100,000 UK users in less than six months

By Yolt

Yolt, the money app owned by ING, has reached 100,000 registered app users in less than six months of Open Beta in the UK. (more…)

Banks, Deals, Hotnews, Mobile-first banks, PFM/PFP services

December 4, 2017

312

How startups should approach working with large banks

How can a technology startup of 30 people, service its small group of clients with a combined workforce of over one million employees, $1 trillion in market cap and decades of legacy systems? By adopting a ‘Thin Wedge’ approach to innovation, says Guy Halford-Thompson, co-founder and director of enterprise blockchain company BTL Group.

Deals, Fintech news, Global trends

December 4, 2017

First Data completes BluePay acquisition

By BluePay

First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today announced the successful completion of its acquisition of BluePay Holdings, Inc. from BluePay’s current owners including TA Associates and BluePay management. (more…)

Deals, Fintech news

December 4, 2017