Singaporean robo-advisor StashAway secures USD $5.3 million in Series A Funding

By StashAway

StashAway, the first robo-adviser to receive a retail license in Singapore, announced today that it has completed a USD $5.3 million (SGD $7.0 million) Series A round of funding. (more…)

Deals, Fintech news, Global trends

March 22, 2018


BofA lets customers link cards to PayPal accounts from mobile app

Bank of America customers can now add credit and debit cards to their PayPal accounts directly from the lender’s mobile app. (more…)

Banks, Deals, Fintech news

March 21, 2018

Experian buys credit checking start-up ClearScore for $385m

Experian is to acquire ClearScore, a two year-old UK firm that offers free credit checks for consumers and has over 6 million customers. It comes with a price tag of £275 million ($385 million), with an additional earnout potential. (more…)


March 19, 2018


JD’s Finance Arm Seeks Fresh Funding

In an effort to deepen its push into securities, banking and insurance,’s finance arm is seeking to raise ¥12 billion — or $1.9 billion — in equity. If successful, the unit could be worth more than $20 billion, CNBC reported. (more…)

Deals, Fintech news, Global trends, InspirAsia

March 19, 2018

Experian acquires UK’s ClearScore and its financial product matching engine for $385M

By Ingrid Lunden for TechCrunch

While credit-scoring behemoth Equifax continues to work through the fallout from its massive security breach, one of its big competitors is snapping up a startup in the UK to diversify its business. Experian today announced that it is acquiring ClearScore, which has built a platform that — like Experian — offers you a credit score, which it then uses it to suggest financial products like credit cards that fit the bill, so to speak. Experian is acquiring ClearScore for £275 million ($385 million), plus an unspecified earnout based on future performance. The deal is expected to close later this year. (more…)

Deals, Fintech news, Hotnews

March 15, 2018


Coinbase gets e-money license in the UK, will add Faster Payments to speed up fiat deposits

By Steve O’Hear for TechCrunch

The will be welcome news for cryptocurrency fans in the U.K. and Europe. Coinbase, one of more popular and accessible cryptocurrency exchanges, has been granted an e-money license by the U.K. regulator the Financial Conduct Authority (FCA). (more…)

Blockchain, Deals, Hotnews

March 14, 2018

Emma integrates with Starling Bank

By Emma, 

London-based Emma Technologies LTD, after successfully receiving approval by the Financial Conduct Authority, has integrated with Starling Bank, the UK-based challenger bank. (more…)


March 12, 2018


Singapore’s Golden Gate raising US$100m venture capital fund: source

Singapore’s Golden Gate Ventures is raising a US$100 million third fund to continue investing in South-east Asia’s burgeoning market for e-commerce, payments and mobile apps, according to a person familiar with the matter. (more…)

Deals, Fintech news, Global trends

March 12, 2018


BBVA raises Atom Bank stake to 39% as part of £149 million funding round

UK digital-only Atom Bank has raised £149 million in a funding round which sees BBVA invest a further £85.4m in the startup, raising its stake to 39%. (more…)

Banks, Deals, Global trends, Hotnews

March 8, 2018


Babb raises $20m for blockchain banking platform

Having just raised $20 million in a sold-out token sale, British blockchain-based banking platform Babb has set its sights on opening its first bank accounts before the end of the year. (more…)

Blockchain, Deals

March 8, 2018


Square’s Cash app now supports direct deposits for your paycheck

By Fitz Tepper for TechCrunch

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. (more…)

Deals, Global trends, Payment processors/providers/gateways

March 8, 2018

Mastercard acquires Oltio from Standard Bank

Furthering its ambitions to displace cash in emerging markets, Mastercard has acquired mobile payments technology company Oltio from South Africa’s Standard Bank. (more…)

Banks, Deals, Global trends, Hotnews

March 6, 2018

454’s new accelerator focuses on blockchain startups

By Catherine Shu for TC, one of China’s largest e-commerce companies, is launching a new Beijing-based accelerator program for artificial intelligence and blockchain startups. Called AI Catapult, its first batch includes six companies: Bankorus, CanYa, Bluezelle, Nuggets, Republic Protocol and Devery. (more…)

Blockchain, Deals

February 27, 2018


Startup Raises $20 Million to Build ‘YouTube on the Blockchain’

Lino Silicon Valley Company has been planning to create blockchain technology youtube to remove middlemen in pursuit to create an advantage to content creators.


Deals, Fintech news, Global trends

February 27, 2018


Tencent and each take minority stakes in Chinese retail group Better Life

By Catherine Shu for TC

Long-time collaborators Tencent Holdings and have each bought minority stakes in Better Life, a Chinese retail conglomerate. According to a filing made on Friday by Better Life, which is traded on the Shenzhen Stock Exchange, Tencent paid 886.9 million RMB (about $140 million) for a 6% stake, while took a 5% stake for 739.1 million RMB ($117 million). (more…)

Deals, Global trends

February 26, 2018

Temenos to create financial technology powerhouse as Fidessa agrees takeover

chessThe boards of Temenos and Fidessa have reached an agreement on the terms of an all-cash takeover of the UK-based trading technology supplier in a transformational deal for the Swiss core banking vendor.

Under the terms of the transaction, Fidessa shareholders will be entitled to receive £35.67 in cash for each Fidessa share, a 36.9% premium to the firm’s closing price of £26.05 on 16 February. Shareholders will also be entitled to receive and retain a final dividend and a special dividend in respect of the year ended 31 December 2017 together amounting to 79.7 pence in aggregate per Fidessa share.  (more…)

Deals, Fintech news

February 25, 2018

Danish piggy bank app Ernit integrates with Spar Nord


Ernit, a Danish piggy bank app that hopes to make digital money more tangible to kids, is ready for a national roll out after striking a deal with local bank Spar Nord.

Ernit is an allowance and savings app connected to a Spar Nord bank account. Kids create goals in the app – such as saving for a computer game – that adults can then contribute to, linking the payment to customised chores. (more…)

Deals, Mobile-first banks

February 25, 2018

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…)


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…)


February 2, 2018


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


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


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


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


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


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…)


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


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


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