MENU

Deals
Category

193

PayPal sells US consumer loans to Synchrony Financial

By Paypal

PayPal Holdings, Inc. (NASDAQ: PYPL) and Synchrony Financial (NYSE: SYF) today announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in receivables held by certain investors and a chartered financial institution. (more…)

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

November 18, 2017

249

Chinese microlender Lexin files for a $500m US IPO

By Timmy Shen for tech Node

Lexin Fintech Holdings, an online microlending platform targeting young Chinese consumers, on Monday filed for IPO in the US to raise $500 million. (more…)

Deals, p2p/online lending

November 14, 2017

202

Singapore’s central bank to pour $20m into AI and data as it pushes fintech growth

The Monetary Authority of Singapore (MAS) continues bringing finance and technology closer together, making sure that Singapore’s financial industry doesn’t miss the fintech train. (more…)

Banks, Deals, Fintech news, Government activities, InspirAsia

November 14, 2017

176

Micro-investing app Acorns acquires Portland’s Vault

By Acorns

Acorns, the country’s fastest-growing micro-investing app with more than 2.2 million investment accounts, has just announced the strategic acquisition of Vault, a Portland-based tech company, which lets customers automatically invest part of their paycheck into a retirement fund. (more…)

Deals, Fintech news, Global trends

November 13, 2017

248

Alibaba funds lending startup WeLab to help it break out of China

By Steven Millward for Tech in Asia

Lending startup WeLab is flush with cash today after announcing US$220 million in its latest funding round. It operates WeLend in Hong Kong and Wolaidai in mainland China. (more…)

Deals, Global trends, Influences FinTech

November 13, 2017

Fintech Startup Credit Sesame Secures $42 Million in Equity & Venture Debt Funding

Credit Sesame, a personalized credit service and financial wellness company, announced on Wednesday it secured $42 million in equity and venture debt funding. According to the fintech startup, the funding comes from existing and new investors including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, SF Capital, among others, along with a strategic investor. (more…)

Deals, Fintech news

October 26, 2017

213

SoFi held acquisition talks with Charles Schwab

SoFi, the online lending giant, held conversations with Charles Schwab about a potential acquisition by the brokerage firm, according to a source with knowledge of the discussions. (more…)

Deals, Hotnews

October 23, 2017

259

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

210

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

336

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

347

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

272

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

279

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

328

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

 

https://resource.globenewswire.com/Resource/Download/24b660af-7176-4cbf-90f7-e6887ba6cbde?size=2
https://resource.globenewswire.com/Resource/Download/895ca6bb-4695-4d24-8196-f73b58c5f366?size=2

 

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

438

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

475

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

334

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

624

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

701

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

441

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

523

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

436

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

484

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

446

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