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514

StockRadars expands its stock analysis app in Asia and begins to offer live trading

By Jon Russel for Techcrunch

US-startup Robinhood is one of a number of fintech companies using technology to open the public markets and other investment opportunities to anyone. Its product is at the cutting-edge, having recently enabled instant trading inside its app, but financial barriers aren’t just being pushed in Western markets. (more…)

Deals, Fintech news

March 4, 2016

640

Deals: Singapore bank UOB will invest $10m in an equity crowdfunding site

By Terence Lee for TechinAsia

Singapore’s banks are head over heels in love with fintech. Well, I’m exaggerating, but it’s true that financial institutions in the country are exploring ways to use technology to improve their offerings. (more…)

Banks, Deals, Fintech news, Global trends

March 3, 2016

540

Failed Powa Technologies fire sale: Ben White, Greenlight Digital divvy up and buy U.K. assets

By Ingrid Lunden for Techcrunch

One more chapter in the messy story of Powa Technologies, the payments startup that last raised money at a $2.7 billion valuation but rapidly sank into the deadpool on a flimsy raft of vaporware. Today, accounting firm Deloitte announced that it had secured two buyers for two parts of Powa’s U.K. business. Neither of them was Thompson Investments, the firm that was announced as the buyer when Powa first filed for bankruptcy protection in the U.K. in February.

(more…)

Cashless, Deals, Fintech news, Global trends

March 3, 2016

1072

LendingClub and the limits of FinTech disruption

By Aaron Back for wsj.com

LendingClub’s new arrangement with its partner bank is a reminder that FinTech can’t disrupt everything. (more…)

Banks, Deals, Fintech news, p2p-payments, p2p/online lending

February 29, 2016

753

Deals: Revolut Gets More Funding For Its Mobile Foreign Exchange Service

By Romain Dillet for techcrunch.com,

British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. (more…)

Deals, Fintech news

February 27, 2016

820

Deals: WorldRemit Gets $45M At A $500M Valuation To Grow Its Mobile Money Transfer Business

By Ingrid Lunden for Techcrunch,

A year after raising $100 million, London-based startup WorldRemit has picked up more funding. To compete against the likes of Western Union in the world of money transfers — and tap a remittance market that the World Bank estimates will be worth $610 billion in 2016 — the company has added another $45 million to its coffers. (more…)

Deals, Fintech news, Remittances

February 26, 2016

1018

Deals: KPMG acquires Australian FinTech company Markets IT

KPMG Australia

Accounting and consulting giant KPMG has acquired Markets IT for an undisclosed sum. The purchase of the Australian FinTech player will improve KPMG’s expertise in the area of Murex software, as the firm seeks to provide financial institutions with a range of solutions in the area of regulatory compliance, cost-cutting and meeting competitive pressures. (more…)

Deals, Fintech news

February 24, 2016

fastacash, Cellum Take Aim At Trillion Dollar Mobile Payments Market

Jointly bring expanded, omni-channel service capabilities and access to new geographies and merchants, to take advantage of global mobile payments market – forecast to hit US$1 trillion by 2017 (IDC)

 The combined reach of fastacash and Cellum spans over 200 million users across four continents – Asia, Australia, Europe and North America  (more…)

Deals, Remittances

February 24, 2016

688

Deals: HNA Capital Leads $46M Series A Round In P2P Lender Weijinsuo

Beijing-based P2P (peer-to-peer) lending start-up Weijinsuo has completed a RMB300 million (US$46 million) series A round of financing led by HNA Capital Group Co., Ltd., the financial services arm of Chinese conglomerate HNA Group, according to an announcement (in Chinese). (more…)

China, Deals, Fintech news, p2p-payments, p2p/online lending

February 24, 2016

868

Stripe’s New Service Helps Overseas Startups Launch in the US

By Jessy Hempel for The Wired Magazine

SIX YEARS AGO, Irish brothers John and Patrick Collison set out to make sending payments dead simple for businesses—as easy as pasting a line of code into their apps. It’s working. Today their company, Stripe, powers mobile payments for startups like Lyft and Slack and Fortune 500 companies like Best Buy. Now, the Collisons want to take the complexity out of starting a business in the first place—and render geography irrelevant in the process. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

February 24, 2016

553

India: Venture debt firms see pick-up in demand as equity deals slow

 for DealStreetAsia,
The slowdown in the availability of equity funding and a downward pressure on valuations in the venture capital ecosystem in the country has emerged as a business opportunity for firms which lend to technology start-ups.

Deals, Fintech news, India

February 23, 2016

603

Deals: Latvia’s Mintos scores €2M investment for P2P loans marketplace

By Steve O’Hear for Techcrunch.com

Latvia’s , a fintech startup that operates a p2p loans marketplace to let investors invest in various loans from a growing number of loan originators, has raised €2 million in seed funding. Backing comes from Riga-based VC Skillion Ventures. (more…)

Cashless, Deals, Fintech news, p2p/online lending, SME

February 23, 2016

726

Deals: Driving Analytics Startup Zendrive Circles $13.5 Million Series A

By Connie Loizos for Techcrunch.com

Zendrive, a startup that uses smartphone sensors to measure drivers’ behavior, has raised $13.5 million in Series A funding led by Sherpa Capital, with participation from Nyca Partners, Thomvest Ventures, and earlier backers First Round Capital, BMW i Ventures, Fontinalis Partners. Tad Montross, who’s the chairman and CEO of General Re Corporation, also joined the round. (more…)

Deals, Fintech news, Insurance

February 17, 2016

663

Paytm removes one reason for not using digital wallets

By Meghna Rao for techinAsia.com

Mobile wallet-turned ecommerce site Paytm made it free for customers to pay merchants offline through its app today. (more…)

Cashless, Deals, Fintech news

February 17, 2016

1063

Deals: Amazon acquires Indian online payments company Emvantage

Reuters: Amazon.com Inc (AMZN.O) said it has acquired Indian payments processor Emvantage Payments Pvt Ltd for an undisclosed sum. (more…)

Cashless, Deals, Fintech news, India, Mobile payments/banking

February 17, 2016

771

Deals: Indian online renting platform RentSher gets $300,000 seed from a group of angels

The Economic Times:  RentSher – set up by IIT Delhi and Oxford University alumni – is a marketplace for rental products has raised more than $300,000 in seed funding, according to a top executive of the company.

(more…)

Deals, Fintech news, India, news, SME

February 15, 2016

Deals: Student microlending startup Buddy raises $500k from Tracxn Labs, Blume and others

DealStreetAsia: Bangalore-based student microlending startup, Buddy, has raised a Pre Series-A funding round of $500,000 from Blume Ventures, TracxnLabs and angel investors.

(more…)

Deals, Fintech news, news, p2p/online lending

February 15, 2016

737

Deals: Personal finance website partners OCBC to offer home loan with a rate of 1.63%

By Rachel Boon for StraitsTimes,

SINGAPORE -Personal finance portal MoneySmart.sg will offer an OCBC Bank home loan for a limited period. (more…)

Banks, Deals, Fintech news, Japan, Mobile-first banks, SME

February 12, 2016

Deals: Visa discloses big stake in Jack Dorsey’s Square

By Paul La Monica for CNN Money,

Visa, the credit card processing giant famous for that marketing slogan, disclosed in a SEC filing late Thursday that it now owns a 9.99% stake in the class A shares of Square, the mobile payments startup co-founded by Twitter CEO Jack Dorsey. (more…)

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

February 12, 2016

726

BBVA Shuts In-House Venture Arm, Pours $250M Into New Fintech VC Propel Venture Partners

By Ingrid Lunden for techcrunch.com

BBVA — the Spanish banking giant that acquired Simple in the U.S. and last year made a$67 million investment in still-stealth mobile-only bank Atom in the UK — is changing up how it plans to invest in fintech startups in the future. (more…)

Deals, Fintech news, Global trends, news

February 11, 2016

FinTech Buyers Club: Who Invests in FinTech Startups?

By LetsTalkPayments, Sofia,

As one may have noticed, the FinTech fever is spreading around the world at an outstanding pace. Tech companies, banks and players that are not even related sometimes are catching the rush to get involved with the most promising startups in fear of becoming irrelevant. (more…)

Banks, Deals, Global trends

February 9, 2016

795

Deals: India’s Paytm Is Raising Another $400M To Build Out Its New Payment Bank

By Pankaj Mishra for techcrunch.com

Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round. Sources close to the company say that Paytm is now looking to raise $400 million by June to help with the launch of Paytm’s new payments business, Paytm Payment Bank. (more…)

Cashless, Deals, eWallets, Fintech news

February 8, 2016

World’s top 100 corporations are in on startup revolution: 500 Startups-INSEAD study

by Liz Lee for DealstreetAsia.com,

A notable 68 per cent of the top 100 companies named in the Forbes Global 500 list are engaging with startups, evident that large corporations are paying attention to the smaller, more innovative companies. (more…)

Banks, Deals, Fintech news, Global trends

February 3, 2016

Bank Fintech Accelerators Are Destined to Die

By Oliwia Berdak for the Amrican Banker. Oliwia Berdak is a senior analyst at Forrester Research.

These days most banks seem to have an innovation lab, accelerator or a venture capital fund to encourage tech experimentation. But these corporate startup programs are driven by either hope, fear or a herd effect. That is, if their banking competitors have a vehicle to promote innovation, they need one too. (more…)

Banks, Deals, Fintech news, Global trends

January 28, 2016

605

NextGenVest Uses Snapchat To Send Money Tips To Millennial Students

By Mike Butcher for techCrunch.com

NextGenVest, a startup out of New York, is setting out to become a new kind of trustworthy financial entity. And to do that, it’s tackling a big problem. (more…)

Cashless, Deals, Fintech news

January 27, 2016

Deals: The Zebra, A “Kayak For Auto Insurance,” Grabs $17 Million

By Sarah Perez for Techcrunch.com,

Austin-based The Zebra, a startup that’s something of a “Kayak for auto insurance,” has been working to bring the process of shopping for insurance online, where consumers can more transparently compare quotes and understand how insurance companies determine rates. Now the company has raised an additional $17 million in Series A funding led by Ballast Point Ventures. (more…)

Deals, Insurance

January 27, 2016

708

Deals: Singapore’s Jewel Paymentech scores $1m series A funding

Impressive ecommerce growth spells nothing but good news to merchants, but it’s sometimes a headache for a lot of banks. That’s because if a merchant sells counterfeit goods, the bank gets swamped with complaints from consumers demanding their money back, or pays regulatory fines to intellectual property owners.

(more…)

Deals, Fintech news, news, Singapore

January 27, 2016

676

Deals: This Singaporean fintech startup just raised almost $1m, pre-launch

By Nadine Freischlad for Techcrunch.com

AlgoMerchant, a Singapore-based fintech company, has closed a S$1.3 million (roughly US$910,000) seed round led by East Ventures. The startup still operates in closed beta. It plans to use the funds to develop the product, accelerate user growth, and hire new people. (more…)

Deals, Fintech news, Singapore

January 25, 2016

1011

Moneytree broke business barriers in Japan by speaking the language of fintech

By J.T. Quigley for TechinAsia.com

Starting a new business is hard. Starting a new business in a different country can be even harder. Starting a new business in a different country that requires the vast majority of domestic financial institutions to support it is damn near impossible. (more…)

Deals, Fintech news, InspirAsia, Japan

January 24, 2016

506

Deals: Swatch partners with Visa to bring NFC payments to its analog smartwatch

By James Vincent for the Verge.com,

Swatch has announced that it’s bringing contactless payments to its forthcoming Bellamy smartwatch in the US next year. The Swiss company, which is the largest watchmaker in the world by revenue, originally unveiled the analog Bellamy in China this October. (more…)

Deals, Fintech news, Global trends, Mobile payments/banking

January 22, 2016