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112

Allset raises $5M to help restaurants deliver a more efficient dining experience

By Anthony Ha for TechCrunch

Allset has raised $5 million in Series A funding led by Greycroft. (more…)

Deals, Global trends, Hotnews, SME

October 18, 2017

117

IBM uses blockchain to improve cross-border payments processing

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive. (more…)

Banks, Deals, Fintech news, Hotnews

October 16, 2017

195

JPMorgan and Temasek leed $100 million funding round for Bill.com

By Bill.com

Today Bill.com, the largest U.S. business payments network, announced it has secured $100 million in financing with the goal of finally eliminating all paper from business payments. (more…)

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

October 11, 2017

ANZ acquires proptech startup REALas

ANZ

ANZ has acquired a startup that uses data analytics and crowdsourced market chatter to provide prospective home buyers with accurate predictions of property price momentum in Australia’s fervent real estate market.

Launched in 2011, the REALas price prediction is calculated using a proprietary algorithm developed with RMIT University, property buyers and real estate experts. (more…)

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

October 3, 2017

211

Ayondo Remains a Private Company after Reverse Takeover Bid Lapses

By Julie Muhn for Finovate

Social trading company ayondo may no longer be the first fintech company to go public on the Singapore stock exchange (SGX). (more…)

Deals, Global trends, Hotnews

September 28, 2017

Deliveroo raises $385M in new funding, now valued at ‘over $2 Billion’

Deliveroo, the London headquartered restaurant food delivery startup, has raised $385 million in new funding, giving it a valuation of “over $2 billion,” according to the company. (more…)

Deals, Global trends

September 25, 2017

171

Google debuts Tez, a mobile payments app for India

By Ingrid Lunden for Techcrunch

After several weeks of speculation and leaked details, today Google officially unveiled its first big foray into mobile payments in Asia. The Android and search giant has launched Tez, a new mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers. (more…)

Deals, Fintech news, Global trends

September 18, 2017

153

SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

By Catherine Sho for Techcrunch

SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the range’s mid-point price of HKD $56.70, that means SoftBank Group’s stake would be worth about HKD $4.08 billion, or $522 million. (more…)

Deals, Hotnews, Insurance

September 18, 2017

174

IZettle rolls out invoice service in the UK

By IZettle

iZettle empowers small businesses to grow, helping them accept card and cash payments and manage their business operations, in addition to providing services such as small business funding. (more…)

Deals, Fintech news, Global trends, Hotnews, Mobile payments/banking, POS/mPOS and online acquiring

September 15, 2017

JD.com, JD Finance and Central Group to Launch E-commerce and Fintech Services Joint Ventures in Thailand

 

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Partnership between Thai retail giant and leading Chinese e-commerce and fintech companies to reshape Thailand online retailing and finance landscapes (more…)

Deals, InspirAsia

September 15, 2017

Envestnet/Yodlee debuts AI-based FinCheck Wellness app

By Envestnet / Yodlee

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, is demonstrating its vision of the Artificial Intelligence (AI) FinCheck app at FinovateFall in New York City. (more…)

AI / Machine Learning / Big Data, Analytics, Deals, Fintech news, Global trends

September 13, 2017

Roku files for $100M IPO

By Matt Burns for TechCrunch

Roku has filed for an initial public offering and is looking to raise up to $100 million. The company will be listed on the NASDAQ appropriately under the ticker of ROKU. (more…)

Deals, Global trends

September 4, 2017

Credit Suisse fintech fund invests in employee monitoring firm

Credit Suisse’s fintech fund has made a majority investment in Sapience Analytics, an Indian firm that helps firms monitor how employees use their computers and phones. Financial terms were not disclosed. (more…)

Banks, Deals, Global trends

August 31, 2017

313

Alibaba leads $1.1b investment in Indonesia’s Tokopedia

Jack Ma’s Alibaba has led a US$1.1 billion investment in Indonesia’s Tokopedia, further accelerating the Chinese giant’s expansion into Southeast Asia. (more…)

Deals, Fintech news, Hotnews

August 21, 2017

351

PayPal Buys SME Lender Swift Financial

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. (more…)

Deals, Global trends, Payment processors/providers/gateways

August 17, 2017

269

SoftBank invests $250m in Kabbage

Kabbage, the US online lender for small businesses, has secured a $250 million investment from Japan’s Softbank. (more…)

Deals, Fintech news, Hotnews

August 9, 2017

523

China Rapid Finance: 20 Million in Cumulative Loans Facilitated Since Marketplace Lending Platform Inception

China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace due to the fact that the number of facilitated loans has nearly doubled within the past six months from 10.7 million cumulative loans as of the end of 2016. (more…)

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

July 11, 2017

585

Deutsche Börse makes $10 million investment in Trumid

Deutsche Börse has made a $10 million minority investment in electronic bond trading network Trumid. (more…)

Banks, Deals, Global trends, Hotnews

July 11, 2017

335

N26 to bring Apple Pay to Spanish customers

By n26

When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. (more…)

Banks, Deals, Fintech news, Global trends, Mobile-first banks

July 10, 2017

373

Stripe inks global partnerships with China’s Alipay, WeChat Pay

By Anna Irrera for Deal Street Asia

Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. (more…)

Cashless, Deals, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

338

Patterns In Startup M&A Processes

By Tomasz Tunguz from Redpoint Ventures for his blog

At some point in the life of your company, you may consider selling the business. Every acquisition process might run a little bit differently, but these are some of the patterns that I have observed after about nine years in the venture business, and also having evaluated a handful of acquisitions when I was at Google. (more…)

Deals, Fintech news, Global trends, Hotnews

July 10, 2017

366

Worldpay and Vantiv agree £9.1 billion merger

Worldpay is spurning overtures from JP Morgan to carve out a £9.1 billion deal with US card technology group Vantiv. (more…)

Deals, Hotnews

July 6, 2017

317

Omise acquires online payment business Paysbuy from Thai operator Dtac

By Jon Russel for techCrunch

It isn’t often that you see startups buying chunks of large corporates, but that’s what has happened in Thailand this week. (more…)

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

July 6, 2017

399

Online lending platform gets $3m from Vertex to make a play for Indonesia

By Jack Ellis for Tech in Asia

Singapore-based fintech startup Validus Capital has received US$3 million in funding from venture capital firm Vertex Ventures along with an additional US$600,000 from angel investors, it announced today. (more…)

Deals, Hotnews, InspirAsia, p2p/online lending

July 3, 2017

355

225

Indian banks failing to grasp the opportunities from demonetisation

Despite the impetus provided by demonetisation, Indian banks remain way behind the curve in tempting customers away from the bank branch to digital channels. (more…)

Deals, Hotnews, InspirAsia

July 3, 2017

375

LendUp gets strategic investment from PayPal and adds to its executive team

By Ryan Lawler for Tech Crunch

LendUp has built business providing personal loans to customers that traditional financial institutions wouldn’t touch. As it looks to expand into credit cards and other services, the company has raised some strategic funding from PayPal and also has expanded its executive ranks. (more…)

Deals, Global trends, p2p/online lending

June 29, 2017

255

InvestCloud Set to Launch London Fintech Incubator

By Smantha Hurst

InvestCloud Inc., a global fintech firm, announced on Wednesday that it is set to launch a financial technology incubator and accelerator at its European headquarters in Soho, London. The firm reported that its InvestCloud Innovation Center London will offer both new startups and established financial firms with the ability to quickly deliver digital wealth management solutions supported by its platform. (more…)

Accelerators/Incubators/Labs, Deals

June 29, 2017

302

While investment firms ponder ICOs, this team is barreling ahead with a $100 million ICO fund

By Connie Loizos for Techcrunch

Most investors are trying to get a handle on initial coin offerings, which have begun racing through the tech ecosystem like a fire, veering off in multiple directions and causing excitement and confusion and some degree of terror as they grow in number. (more…)

Blockchain, Cryptocurrencies, Deals, Hotnews

June 29, 2017

907

Occupy Fintech: The Next Wave Of Mergers And Acquisitions, Rather Than New Startups

By Vladislav Solodkiy, Managing partner at Life.SREDA VC

Despite the slowdown in growth of fintech (in terms of new investments), the industry has been leading in the venture world over the past two years.  In addition, the slowdown is quite natural as the market is full of new ideas, technologies and players, and further evolution is the result of the development and consolidation of existing companies. Take, at the very least, the capitalization of fintech unicorns – their total value almost doubled in 2016 compared to 2015. (more…)

Columns, Deals, Global trends, Hotnews

June 29, 2017