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Trend: Germany Can Soon Beat the UK in Terms of Fintech Investment

By The CoinTelegraph

New figures show Germany could soon overtake the UK in fintech venture capital investment as London struggles to maintain its dominance. According to reports from the German firm Barkow Consulting, while the UK was 50 percent ahead of Germany in 2016, the gap is closing rapidly. UK investment has since declined 34 percent, while Germany’s has risen by 38 percent, which could soon lead to the two economies trading places. (more…)

Analytics, Deals, Fintech news

February 20, 2017

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The March Of Financial Services Giants Into Bitcoin And Blockchain Startups In One Chart

By CB Insights

From American Express to Goldman Sachs to Deloitte, major firms across the financial services landscape have made investments in bitcoin and blockchain startups. And the financial services investments have continued into 2017. (more…)

Analytics, Blockchain, Deals, Fintech news, Marketing Report

February 20, 2017

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Is Paytm merging with Snapdeal?

By Sainul Abudheen K for e27

Paytm and Snapdeal, two behemoths in the online retail segment, reportedly had merger talks in January this year (more…)

Deals, Fintech news, India

February 19, 2017

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Jack Ma’s Ant Financial makes first investment in the Philippines

By TechInAsia

Just over three months after Ant Financial first made a move into Southeast Asia with an investment in Thailand, the Chinese web giant has taken a stake in a fintech company in the Philippines. (more…)

Deals, Fintech news, Mobile payments/banking, Philippines

February 18, 2017

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New $100m fund allows institutional investors to invest in VC-backed startups

By Tech in Asia

A trust fund that provides growth-stage startups a new way of raising money has launched in Singapore. (more…)

Deals, Fintech news, Singapore

February 16, 2017

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Temenos Buys Fintech Companies for APAC Growth

by 

Swiss listed banking tech giant Temenos is making a big play for the APAC market after gaining massive ground on global software kingpins like Oracle in other regions, and has just signed an agreement to acquire ASX-listed fintech Rubik Financial in a AU$68 million takeover bid at $0.1667 per share. (more…)

Deals, Fintech news, InspirAsia

February 16, 2017

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PayPal moves into bill payments with TIO acquisition

By Finextra

PayPal is looking to steal a march on financial services firms in the underbanked bill payment space by acquiring North American processor TIO for $233 million. (more…)

Deals, eWallets, Fintech news, Payment processors/providers/gateways

February 16, 2017

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Payments software for businesses gets funding from VC arm of Indonesia’s largest bank

By  for TechInAsia

Indonesian startup Moka announced today it’s raised a $2m round of financing led by Mandiri Capital. Existing investors Convergence Ventures, East Ventures, Fenox, and Northstar Group also participated. (more…)

Deals, Fintech news, Indonesia, POS/mPOS and online acquiring

February 16, 2017

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Japan’s 3 Megabanks Have All Invested in Japan’s Biggest Bitcoin Exchange

By CryptoCoins News

Less than a year after raising ¥3 billion ($27 million) in a record funding round by a bitcoin and Fintech company in Japan, Tokyo-based bitFlyer now sees all three of Japan’s ‘mega-banks’ as investors in the bitcoin exchange. (more…)

Banks, China, Deals, Fintech news

February 14, 2017

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Grab is buying Indonesian payment firm Kudo in its first major acquisition

By  for TechCrunch

Uber’s Southeast Asia rival Grab is in the process of buying up Indonesia-based online payment startup Kudo in its first major acquisition. (more…)

Deals, Fintech news, Indonesia, InspirAsia, Mobile payments/banking, POS/mPOS and online acquiring

February 14, 2017

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Mint Payments completes $6 million placement

By Finextra

Payments technology solutions provider Mint Payments (ASX: MNW) (Mint or the Company) has successfully completed a placement of new shares to drive its aggressive expansion into South East Asia’s evolving payments landscape. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 11, 2017

Cybersecurity Focused VC Firm Trident Capital Cybersecurity Closes First Fund, at $300M

By FinSMEs

San Mateo, CA-based cybersecurity focused venture capital firm Trident Capital Cybersecurity (TCC) closed its first fund, at $300m. (more…)

Deals, Security

February 9, 2017

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Ant Financial is raising US$3B in debt to fund M&A deals: Bloomberg

First By Yon Heong Tung appeared at e27

The news comes right on the heels of its first acquisition in a US-listed company, Moneygram (more…)

China, Deals, Fintech news, Payment processors/providers/gateways

February 9, 2017

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The Most Anticipated Chinese Fintech IPOs of 2017

By

Greater China’s IPO market is set to continue to lead the way in 2017 fueled by listings of fintech giants including Ant Financial and Lufax, according to a report by CNBC. (more…)

About, China, Deals, Fintech news

February 8, 2017

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Rakuten, JAFCO co-invest in Japanese fintech startup FOLIO’s US$16M Series A

By Sainul Abudheen K for e27

FOLIO, a startup offering an online security brokerage service in Japan, has announced that it has raised 1.8 billion yen (approximately US$16 million) in Series A round from a slew of investors, including JAFCO, Monex Ventures, Mitsui Sumitomo Insurance Venture Capital, and Rakuten Fintech Fund. (more…)

Deals, Financial Markets / Trading, Fintech news, Japan, Wealth management

February 8, 2017

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Thomson Reuters to Acquire Avox and Clarient

By LTP

Thomson Reuters has signed agreements to acquire Avox Limited and Clarient Global LLC. The businesses run by Avox and Clarient will be integrated into Thomson Reuters’ portfolio of risk management, compliance and reference data offerings after the closing of the deal, which is expected to take place by the end of first quarter. The financial aspects of the deal were not revealed. (more…)

Deals, Financial Markets / Trading, Fintech news

February 8, 2017

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Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

By  for TechCrunch

CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. (more…)

Deals, Fintech news, Insurance, Singapore

February 8, 2017

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Where are the Best Fintech Startup Opportunities?

By

Financial technology has been one of the main priorities for development in Singapore, with the sector receiving a lot of governmental support. This has encouraged both domestic growth and attracted some of the biggest technology companies in the world to open fintech labs in the city-state. (more…)

Deals, Fintech news, Global trends

February 6, 2017

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Klarna agrees £60 million deal to acquire Wonga’s BillPay

By Finextra

Fast-growing Swedish payments startup Klarna has acquired Germany’s BillPay, a Berlin-based consumer financing outfit owned by UK payday lender Wonga. (more…)

Deals, Fintech news, p2p/online lending, POS/mPOS and online acquiring, SME

February 6, 2017

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With new funding, financial comparison site Cermati moves beyond lead generation

By  for TechInAsia

Indonesian startup Cermati has raised “seven-digit USD” in funding from Orange Growth Capital. (more…)

Deals, Fintech news

February 6, 2017

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India: Capital Float raises $2.5m from IFMR, AdStringO to get $5m

Online credit platform Capital Float which is run by Zen Lefin Pvt. Ltd, has raised $2.5 million (Rs 17 crore) from IFMR Capital Finance and its alternative investment fund through non-convertible debentures (NCDs). (more…)

Deals, Fintech news, India, p2p/online lending

February 6, 2017

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Company Slammed by Short Seller Over Deals Says More Coming

China, Deals, Fintech news, p2p/online lending

February 6, 2017

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One Of The Biggest B2B FinTech Funding Weeks In Months

It was one of the biggest weeks for B2B FinTech investment in months. Alternative lending, eProcurement and cross-border payments innovators all saw impressive activity (though several funding values remained private), and one single startup raised $165 million — more than the rest of the eight other funding rounds this week combined. (more…)

Deals, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

February 3, 2017

Trussle Raises £4.5M in Funding

By FinSMEs

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Trussle, a London, UK-based online mortgage broker, raised £4.5m ($5.68m) in funding.

The round was led by Orange Growth Capital with participation from existing investors LocalGlobe, Zoopla and Seedcamp, and angel investors Ed Wray and Ian Hogarth. (more…)

Deals, Fintech news, p2p/online lending

February 1, 2017

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After raising $5m, Qvivr gears up to launch wallet-replacing card

By Finextra

Qvivr, a US startup promising to replace the credit, debit, gift and loyalty cards in customers’ wallets with a single card and app combo, has raised $5 million in a Series A funding round led by Khosla Ventures. (more…)

Credit/Debit/Prepaid cards, Deals, Fintech news

February 1, 2017

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Fintech startup LatiPay raises US$3M from Jubilee Capital, others to expand to Singapore, US

By Sainul Abudheen K for e27

LatiPay allows Chinese consumers to pay for goods and services using Yuan whilst merchants receive full payment for goods or services direct to their local bank account in their local currency (more…)

China, Deals, Fintech news, InspirAsia, Payment processors/providers/gateways

February 1, 2017

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Atom Bank has raised £100 million and will announce within weeks

By  for Business Insider

British app-only bank Atom is set to announce an equity investment of close to £100 million ($125 million) in the next few weeks with support from its existing investors. (more…)

Deals, Fintech news, Mobile-first banks

February 1, 2017

Spotcap Launches in New Zealand with A$20M from Heartland

By FinSMEs

spotcapBerlin, Germany-based online lender Spotcap is launching New Zealand operations in Auckland and received A$20m in financing. (more…)

Deals, Fintech news, p2p/online lending, SME

January 31, 2017

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BNP Paribas takes stake in AI-based compliance startup

By Finextra

BNP Paribas Securities Services has taken a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring to help the fund industry meet rising compliance requirements and manage mounting volumes of data. (more…)

AI / Machine Learning / Big Data, Banks, Deals, Fintech news

January 31, 2017

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Ingenico to acquire Indian payment processor TechProcess

By Finextra

Ingenico Group announced today it has reached an agreement in principle to acquire 100% of TechProcess Payment Services Ltd (“TechProcess”), a leading Indian electronic payments services provider from its current shareholders (major global and Indian investors).  (more…)

Deals, Fintech news, India, Payment processors/providers/gateways

January 31, 2017