Softbank and Alibaba invest $445m in Paytm ecommerce unit

The ecommerce arm of Indian fintech giant Paytm has raised $445 million from Japan’s Softbank and China’s Alibaba. (more…)

Deals, Global trends

April 4, 2018


500 Startups takes strategic investment from Abu Dhabi Financial Group

500 Startups,  the U.S.-headquartered VC firm hit by scandal last year after co-founder Dave McClure resigned following allegations of sexual misconduct, has announced an unconventional deal that sees Abu Dhabi Financial Group (ADFG) take a stake in its parent company. (more…)

Deals, Fintech news, Global trends

April 4, 2018


HSBC to offer Paypal as global disbursement option for corporate clients

PayPal’s strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers. (more…)

Banks, Deals, Fintech news, Global trends

April 2, 2018


AI startup vPhrase wins Temenos Innovation Jam Hong Kong

By Temenos,

Temenos (SIX: TEMN), the banking software company, announces that the audience of the Innovation Jam in Hong Kong has voted vPhrase the winner of the fintech competition. (more…)

Banks, Deals

April 2, 2018


RBS to acquire book-keeping software firm FreeAgent

Royal Bank of Scotland is to acquire UK accounting software vendor FreeAgent in a deal that values the firm at £53 million. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

March 29, 2018


Ally Financial Set to Open New Innovation Hub in North Carolina

Private equity firm Silver Lake is buying a $500 million stake in personal finance technology outfit Credit Karma from existing investors. (more…)

Deals, Fintech news, Global trends, Hotnews

March 29, 2018

Fintech Startup Canopy Secures $30 Million Through Latest Funding Round Led By New Enterprise Associates

Fintech startup and practice management platform for tax professionals, Canopy, announced on Tuesday it secured $30 million through its latest funding round, totaling $60 million secured to date. The funding round was led by New Enterprise Associates (NEA), with participation from Wells Fargo Strategic Capital, Pelion Ventures, University Growth Fund, and EPIC Ventures. (more…)

Deals, Fintech news

March 28, 2018


Seed Fundraising — Term Sheet Problems Part 2 — Boardroom Blues

By Ash Rust, Managing Partner, Sterling Road; Partner @AlchemistAcc.

Most term sheets have a section defining a new structure for your company’s Board. While the board can’t influence the day-to-day operations, they govern who does. It’s imperative you understand how the new board will work and most importantly, who has control. (more…)


March 28, 2018


InsurTech cloud-company Insly raises EUR2.2 million

By Insly,

Insly, a cloud-based insurance platform, announces an investment of € 2.2 million led by Concentric and Black Pearls VC. (more…)

Deals, Insurance

March 26, 2018


eToro Raises $100 Million in Series E

In a round led by China Minsheng Financial, social trading network eToro has raised $100 million in new funding. The Series E, which featured participation from SBI Group, Korea Investment Partners, and World Wide Invest, as well, will help the company expand into new markets. The new capital will also help eToro build on its R&D efforts in blockchain technology and asset digitization. eToro’s total capital is now $162 million. (more…)

Deals, Wealth management

March 23, 2018


50 Big Companies that Started with Little or No Money

Joseph Flaherty, Director of Content & Community at HackerNoon 

There’s a widespread belief among founders that venture capital is a precursor to success. It is true that VC is a common denominator of the most successful tech startups, but it isn’t a prerequisite, especially at the early stages. (more…)

Deals, Fintech news, Hotnews

March 23, 2018

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

762’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