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101

Singapore fintech investor tryb Capital injects US$4M into Chinsay, plans to leverage smart contract data

By Kevin McSpadden for e27.com

tryb Capital, a Singaporean growth-stage technology investor, announced today its first official investment — a US$4 million strategic financing for Chinsay AB, a Swedish SaaS company digitalising freighting contracts. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

April 6, 2017

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6 Recent Singapore Fintech Fundings

By FintechNews.sg

In 2016, overall investment in Singapore-based fintech companies dropped by 65%, falling from US$605 million in 2015 to US$214 million in 2016, according to KPMG and CB Insights’ Pulse of Fintech report. (more…)

Deals, Hotnews, Influences FinTech, InspirAsia

April 6, 2017

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Deutsche Bank buys stake in receivables auction platform TrustBills

By DB

Deutsche Bank AG today announced the acquisition of a 12.5 percent share interest in the receivables auction platform TrustBills. (more…)

Banks, Deals, Fintech news, Hotnews, InspirAsia

April 5, 2017

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JPMorgan Chase pumped $600m into fintech in 2016

JPMorgan Chase spent around $600 million on emerging fintech solutions last year, says the bank’s CEO Jamie Dimon in a letter to shareholders which also mentions an API store and some “interesting developments” in the bill payments department. (more…)

Banks, Deals, Hotnews

April 5, 2017

canadian-head-quaters

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BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel. (more…)

Banks, Deals, Global trends, Hotnews, Influences FinTech, Mobile-first banks

April 5, 2017

Square reportedly seeks to buy social app Yik Yak

By John Adams for PS

Square is in talks to acquire Yik Yak, which operates location-based anonymous social network popular among college campuses, reports CNBC. (more…)

Deals, p2p-payments, Payment processors/providers/gateways, POS/mPOS and online acquiring

April 5, 2017

Ayopop-Cover-Image-Android

115

Payments company Ayopop raises $1m seed funding

By  for TechinAsia

Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills, electricity, and internet services through its app. (more…)

Deals, Hotnews, InspirAsia, Payment processors/providers/gateways

April 4, 2017

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Avangate buys 2Checkout

Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor. (more…)

Deals, Hotnews, Payment processors/providers/gateways

April 4, 2017

Grab-BYD-electric-taxis-in-Singapore-photo-2

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Grab confirms it will acquire Kudo to boost digital payments

By  for TechinAsia

Grab, an Uber-rival in Southeast Asia, and Indonesian startup Kudo are officially joining forces. (more…)

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

April 3, 2017

gold-iphone-shot1

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Robinhood stock trading app valued at $1.3 billion with big raise from DST

By Josh Constine for Techcrunch.com

Zero-fee stock trading app Robinhood is completing a huge fund raise to fuel its attack on old brokerage firms that charge around $7 to $10 per trade. According to sources, the round is led by Yuri Milner investment vehicle DST Global and values the company at $1.3 billion. Robinhood declined to comment. (more…)

Analytics, Deals, Financial Markets / Trading, Wealth management

April 1, 2017

mygate_600x470

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Wirecard acquires South African payment service provider

Wirecard AG acquired all shares of MyGate Communications (Pty) (more…)

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

April 1, 2017

Mitsubishi-UFJ-Financial-Group

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MUFG joins Ripple’s Global Payments Steering Group

MUFG’s banking arm The Bank of Tokyo-Mitsubishi UFJ (BTMU), the third largest bank in the world and largest bank in Japan, publicly announced today that it is joining Ripple’s Global Payments Steering Group (GPSG). (more…)

Banks, Deals, Global trends, Hotnews, Influences FinTech

April 1, 2017

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Ma’s MoneyGram deal threatened as lawmakers cite China risks

Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles. (more…)

Deals, Fintech news, Global trends, Government activities, Hotnews

April 1, 2017

16618769 - shanghai pudong people

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Jack Ma’s Ant Financial to build an open marketplace for finance products

By Eva Xiao for TechinAsia.

Jack Ma’s multi-billion-dollar empire is built on open marketplaces. First, there was Taobao, ecommerce giant Alibaba’s first success – a bazaar-like platform that let individuals and small shopkeepers sell to one another. Then came Tmall, the B2C version of its predecessor. (more…)

Deals, Global trends, Hotnews, Influences FinTech

March 30, 2017

monzo

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Monzo attracts largest-ever crowd for £2.5 million round

Digital challenger bank Monzo has completed its £2.5 million crowdfund raise, attracting a record-breaking 6500 investors to the funding round on Crowdcube. (more…)

Deals, Hotnews, Influences FinTech, Mobile-first banks, PFM/PFP services

March 30, 2017

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Of 29 Indian startups that got funded this quarter, real estate gets top investment

By Lyra Reyes for E27.com

Funding received by three real estate startups made up 58 per cent of total funds raised. (more…)

Deals, Global trends, India, InspirAsia

March 30, 2017

Thomson Reuters collaborates with Finatext to analyse social media content

By Thomson Reuters

Thomson Reuters has announced the launch of a new investment information service in collaboration with Japanese FinTech firm Finatext. (more…)

Deals, Fintech news, Japan

March 30, 2017

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Frontier Digital Ventures to inject cash in LankaPropertyWeb, aims to raise stake to 48 per cent

By Anisa menur a maulani for e27.com

Malaysian online classified operator Frontier Digital Ventures (FDV) announced on Monday that it is going to inject cash into Sri Lankan property portal LankaPropertyWeb, according to a report by Dealstreet Asia. (more…)

Deals

March 28, 2017

foundersphoto

119

YC alumnus Smyte raises $4 million to counter online attacks

By  for Venture Beat

Smythe, which provides software to stop scams, fraudulent activities, and compromised accounts from disrupting the web, has secured an additional $4 million in funding. (more…)

Deals, InspirAsia, Security

March 28, 2017

didi-2

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Didi considering US$6B investment from SoftBank, the biggest tech funding in China

By Yon Heong Tung for e27.com

Existing investors Tencent and Apple are said to be mulling whether to participate on a pro-rata basis to avoid dilution of shares (more…)

Banks, China, Deals, Global trends, Hotnews

March 28, 2017

due-diligence

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Preventing Due Diligence Issues with FinTech and RegTech

By Thomas Hook – Pegasystems Inc. for Finextra

Being the subject of an audit or regulatory exam can be a nerve-wracking ordeal. Given most banks disparate systems, inconsistent manual processes, and ever existing human error – there is generally real fear that an issue will be found, despite the best efforts of competent people. Enter FinTech and RegTech. By utilizing these solutions to unify processes and systems, enforce requirements, centralize data, and perform repetitive, manual tasks – auditees can feel more confident as they approach an audit or regulatory exam. (more…)

Deals, Fintech news, Global trends, Hotnews

March 28, 2017

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How banks use investment funds to spread CRA risk

By Allison Prang for American Banker,

Banks of all sizes — from Bank of America to the $1 billion-asset Howard Bank near Baltimore — are investing in small-business loan funds to promote economic development while sharing risk. (more…)

Banks, Deals, Government activities, Hotnews

March 28, 2017

y-combinator

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The seven Indian startups that made it to Y Combinator’s demo-day event this March

To get noticed by Silicon Valley’s startup machine Y Combinator is every budding entrepreneur’s dream. One of the world’s most influential and renowned accelerators, which now also engages in seed funding, it has backed successful startups such as AirBnB, Dropbox, and Reddit. Its screening of startups is said to be “nerve-wracking.” (more…)

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

March 27, 2017

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500 Startups invests US$200K in Khmerload, the Buzzfeed of Cambodia

by Yon Heong Tung for e27.com

Khmerload has also set up a sister site in Myanmar called Myanmarload, which has over three million Facebook followers (more…)

Deals, Hotnews, news

March 27, 2017

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Cashback app Snapcart closes US$3M Pre-Series A to boost analytics tech

By Yon Heong Tung for e27.com

The new funding round was led by Vickers Venture Partners, Wavemaker Partners, SPH Media Fund and angel investors (more…)

Deals, Fintech news, Hotnews, InspirAsia

March 27, 2017

eBay.in_

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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

Slava-Vladislav-Solodkiy

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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

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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

logo-ayondo

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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

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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