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New Fintech Hubs: Paris, Stockholm, Amsterdam?

TECHCRUNCH: French startup Prêt d’Union just raised $34 million (€31 million) from Eurazeo, Pierre Kosciusko-Morizet as well as its existing investors. Prêt d’Union is a European online credit marketplace that matches lenders and borrowers without any financial institution in-between. You can call it a sort of Lending Club for Europe. (more…)

Deals, Fintech news, news

July 2, 2015

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Boiling Of Remittances

MASABLE:  Facebook Messenger has finally rolled out its payments feature across the entire U.S. so that any stateside user can pay friends right inside the app, if they like. David Marcus, Facebook’s vice president of messaging products, quietly announced the news via Facebook post on Tuesday, describing the payments feature as “easy and safe.” (more…)

Deals, Fintech news, news, Remittances

July 1, 2015

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Cloud Finance Intelligence Startup Adaptive Insights Gets $75M, Reportedly At A Unicorn Valuation

TechCrunchAdaptive Insights, a fast-growing startup that sells cloud-based services to finance and other management teams to model a company’s performance and other business intelligence, today is announcing that it has raised $75 million in funding — a Series G investment that brings the total raised by the company to $176 million. (more…)

Deals, Fintech news, news

June 30, 2015

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South Korean restaurant discovery app MangoPlate raises US$6.1M

E27.CO: South Korean restaurant discovery app MangoPlate has announced today that it has secured US$6.1 million from venture investment group of Qualcomm Incorporated, Qualcomm Ventures, as well as SoftBank Ventures Korea and YJ Capital, a venture capital firm established by Yahoo!JAPAN. This marks YJ Capital’s first investment in a Korean company. (more…)

Deals, InspirAsia, Korea

June 30, 2015

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Baidu To Invest $3.2 Billion In Its Group-Buying Service Nuomi

TechCrunch: China’s Baidu, the company best known for its dominant search engine, said today that it will invest more than $3 billion in its online-to-offline businesses over the next three years. (more…)

China, Deals, InspirAsia

June 30, 2015

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PromisePay Raises $2M to Help Online Marketplaces With Payment Processing

TECHCRUNCH: One of the biggest issues with online marketplaces is that buyers and sellers rarely know or trust one another, which often leads to disputes between the two parties. PromisePay aims to fix this issue by providing marketplaces with a payment platform to manage the entire transaction. (more…)

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

June 24, 2015

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Credit Karma Has Raised $175M On A Valuation Of $3.5B, As It Looks To An IPO In The Next...

TECHCRUNCH: The rush of funding for fintech startups continues. TechCrunch has learned and confirmed that Credit Karma — a platform that provides credit scores to users but also serves as a portal for people to search and apply for various financial services like loans, credit cards and insurance — has raised a round of funding of $175 million on a valuation of $3.5 billion. (more…)

Deals, Fintech news, news

June 24, 2015

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API-Based Money Mover Currency Cloud Taps Sapphire Ventures And Rakuten For $18M

TECHCRUNCHCurrency Cloud, a UK-based provider of cross-border money transferring services that are in turn used by a number of money transfer and payments businesses, has landed an $18 million round of funding. The Series C round — which brings the total raised by the company since 2012 to $36 million — is notable not only because it underscores progress for the company, but also because of who is doing the investing. (more…)

Deals, Fintech news, news, Remittances

June 23, 2015

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New York-Based Onevest Launches Series A Financing

DEALSTREETASIA:  New York-based​ startup investment platform Onevest announced the launch of its Series A round of financing last Friday, to mark the implementation of Title IV of the JOBS Act by the US Securities and Exchange Commission to facilitate smaller companies’ access to capital. (more…)

Deals, Fintech news, news

June 22, 2015

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Etsy Debuts Crowdfunding Platform While GoFundMe Confirms Its Funding Round

TECHCRUNCHGoFundMe confirmed that it has raised venture capital financing in a blog post today, infusing the previously bootstrapped company with cash that will give it room to grow. (more…)

Crowdfunding/investing, Deals, Fintech news, news

June 18, 2015

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Money Transfer Startup Azimo Raises $20M At A $100M Valuation

TECHCRUNCHAzimo, a mobile money transfer startup out of London that was once feted by Facebook, is jumping into the funding ring with a $20 million raise. CEO and co-founder Michael Kent says the company will use the investment to continue to build out its operations across Europe and deeper into the community of migrants who already form the bedrock of its services. (more…)

Deals, Fintech news, news, Remittances

June 15, 2015

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GMO Raises $65M From Japanese Megabank To Strengthen Online Payments, Help Startups

TECH IN ASIA:  Japan’s GMO Internet is often in the news as an investor, but today the Japanese internet service and online payment provider was the one receiving funds. The firm announced a JPY 8 billion (US$65 million) investment by multinational banking giant Mitsui Sumitomo to strengthen its GMO Payment Gateway e-commerce payment solution and aid the startups that it serves.

(more…)

Deals, InspirAsia, Japan

June 10, 2015

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European Mobile Payment Startup SumUp Discloses A Total $45M In Funding

TECHCRUNCH: In the rush of companies crowding into the mobile payment space, a startup out of Europe has announced more funding to grow its footprint and add contactless hardware.SumUp, a startup originally founded in 2012 in Berlin that competes against the likes of iZettle and Rocket Internet’s Payleven, has raised an undisclosed amount led by Swiss backer Venture Incubator. The exact figure is not being disclosed, but SumUp’s CEO Daniel Klein confirms that the total raised by the company to date is now $45 million (€40 million) and that this latest round values the company in the “healthy hundreds of millions.”

(more…)

Deals, Fintech news, POS/mPOS and online acquiring

June 10, 2015

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Path sells to South Korean Internet company Daum Kakao

Mashable: South Korean messaging company Daum Kakao has acquired social networking apps Path and Path Talk for an undisclosed amount. Path announced the deal Thursday evening.  (more…)

Deals, Fintech news, InspirAsia, Korea, news

May 29, 2015

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Business Currency Exchange Startup Kantox Raises $11M Series B

TECHCRUNCH: Another London-headquartered fintech startup, albeit one with a development and marketing team in Spain, has raised more capital of its own. This time it’s the turn of Kantox. The currency exchange marketplace for SMEs right up to ‘mid cap’ companies has raised $11 million in Series B funding. (more…)

Deals, Fintech news, news

May 27, 2015

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Turkish Online Payment Company And Stripe Competitor Iyzico Closes $6.2 Million Series B

TECHCRUNCH: Turkey’s Iyzico, which provides a platform to let e-commerce sites and other apps easily accept online payments, has raised a $6.2 million Series B. Leading the round is International Finance Corporation (IFC), the World Bank’s investing arm, while Istanbul-based VC 212, Endeavor Catalyst, and Austria’s Speedinvest also participated. The startup has now raised $9.4 million in total since it was founded in 2012. (more…)

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

May 26, 2015

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Korean Crowdfunding Platform For Creative Artists Raises $16M Funding

TECHINASIATumblbug, a South Korean crowdfunding platform for the creative arts, announced today it has raised KRW 17 billion (just over US$15.5 million) in series A investment, according to BeSUCCESS. The funding comes from DCM, Strong Ventures, and Naver, the maker of messaging app Line. (more…)

Crowdfunding/investing, Deals, InspirAsia, Korea

May 21, 2015

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Stripe In Talks For New Funding At A $5 Billion Valuation

TECHCRUNCH:  API-for-payments startup Stripe is raising a new round of funding, according to sources with knowledge of the talks. One source with direct knowledge of the talks tells us that one of the leading investors in the deal is Yuri Milner’s DST Global. (more…)

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

May 20, 2015

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Vouch Raises $6 Million Series A For Its Social Network For Credit

TECHCRUNCHVouch, a so-called “social network for credit” founded by ex-PayPal and ex-Prosper alumni, now has an additional $6 million in Series A funding to continue to grow its business. While there are a number of alternative lending startups on the market today, Vouch’s differentiating factor is that it leverages a person’s social connections in order to determine their credit-worthiness. In addition, these connections can choose to “vouch” for a loan recipient – even agreeing to pay back a portion of the debt if the borrower defaults. (more…)

Deals, Fintech news, news

May 18, 2015

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Credit Monitoring And Debt Management Service Credit Sesame Raises $16 Million

TECHRUNCH: Personal finance company Credit Sesame is announcing today that it has raised an additional $16 million in an oversubscribed Series D round of funding, with plans to raise more – as much as $20 million – in the near future. The company, a prior TechCrunch Disrupt Battlefield participant, was one of the first to market with solutions that allow consumers to monitor their credit and score, protect themselves against identity theft, and reduce their debt through credit and loan management services. (more…)

Deals, Fintech news, news, PFM/PFP services

May 12, 2015

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Scorching FinTech Market Keeps Attracting New Players As NerdWallet Raises $64 Million

TECHCRUNCH: NerdWallet, the six-year-old company launched with $800 by company co-founder and chief executive, Tim Chen, has raised $64 million in its first round of outside financing. Sources with knowledge of the company’s plans had put the round at $60 million. NerdWallet also raised an additional $36 million through a revolving loan facility with Silicon Valley Bank.  (more…)

Deals, Fintech news, news

May 11, 2015

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Robinhood Raises $50 Million and Reveals Plans for Expansion to Australia

ROBINHOOD: Dedicated to providing free access to the financial markets and inspiring a new generation of investors, Robinhood is thrilled to announce a $50 million round of funding led by New Enterprise Associates (NEA). Existing investors Index Ventures, Ribbit Capital and Social Leverage joined the round, along with new investor Vaizra Investments, bringing our total funding to date to $66 million. (more…)

Deals, Fintech news, news

May 7, 2015

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Zenefits Just Raised $500 Million At A $4.5 Billion Valuation

TECHCRUNCHZenefits today said it has raised $500 million in a round led by Fidelity and TPG at a whopping $4.5 billion valuation. The company, which allows small- and medium-sized businesses to manage human resources services in a much simpler fashion, is one of the fastest-growing SaaS businesses ever, and in an interview, Zenefits CEO Parker Conrad said the big round was raised to keep the company growing as quickly as it already is. (more…)

Deals, Fintech news, news

May 6, 2015

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Max Levchin’s Affirm Raises $275 Million to Make Loans

RE/CODE: Having dabbled in online slideshows and fertility tracking, PayPal co-founder Max Levchin has swung fully back to his online money roots. Affirm, the online lender where Levchin is co-founder and CEO, has now raised $275 million. The “vast majority” of the round is debt that the company expects to lend out to its customers, an average of $400 at a time. (more…)

Deals, Fintech news, news, p2p/online lending

May 6, 2015

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Automated Savings Startup Digit Raises $11.3M From General Catalyst

TECHCRUNCH: It’s only been a few short months since automated savings startup Digit opened to the public, but it’s already garnered serious interest from consumers who want more money in their bank accounts, as well as investors who think the service could eventually be a huge hit. (more…)

Deals, Fintech news, news

May 5, 2015

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Investment Giant KKR Leads Rare $15M Early Stage Round For Fundraising Platform Artivest

TECHCRUNCH: In what may be one of its first investments in a Series A round, the investment firm KKR has pulled from its $98.6 billion in assets under management to lead a $15 million investment in fundraising platform Artivest. (more…)

Deals, Fintech news, news

May 4, 2015

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Jeremy Allaire’s Bitcoin Startup Circle Takes $50M From Goldman Sachs, IDG

TECHCRUNCHCircle, the Bitcoin startup that veteran entrepreneur Jeremy Allaire started, just raised $50 million from Goldman Sachs and IDG Capital Partners. It’s another sign that the finance industry’s most powerful players are starting to take the crypto-currency and its ecosystem seriously. All of Circle’s existing investors including Breyer Capital, General Catalyst Partners, Accel Partners, Oak Investment Partners, Fenway Summer, Digital Currency Group and Pantera Capital participated. Rival Coinbase recently did a large growth round too that involved the New York Stock Exchange and USAA. (more…)

Cryptocurrencies, Deals, Fintech news, news

April 30, 2015

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Personal Finance Startup MX Pulls In $30 Million Series A Funding From USAA and Digital Garage

TECHCRUNCHMX, the personal finance startup formerly known as Money Desktop, has just inked a $30 million Series A funding deal led by a subsidiary of USAA. Tokyo-based VC firm Digital Garage also participated in the round. (more…)

Deals, Fintech news, news, PFM/PFP services

April 30, 2015

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Dopay Banks $2M To Launch A Cloud Payroll Service For The Unbanked

TECHCRUNCHDopay, a London-headquartered startup that offers a payroll service for the unbanked, has closed a $2 million seed. Investors in the round of funding include global private-equity firm ACE & Company, plus a syndicate of angels from the banking, private-equity and hedge-fund industries. (more…)

Deals, Fintech news, news

April 30, 2015