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1640

Deals: Fintech startup Momo raises $28m from Standard Chartered’s VC arm, Goldman Sachs

By Judith Balea for Techinasia.com

Vietnam-based fintech startup Momo today announced it obtained US$28 million in series B funding from Standard Chartered Private Equity and global investment bank Goldman Sachs, which is an existing backer. (more…)

Cashless, Deals, eWallets, InspirAsia, p2p-payments, Vietnam

March 18, 2016

799

Deals: Fintech startup PawnHero bags funding from investors led by SoftBank affiliate

By Judith Balea for TechinAsia

Manila-based fintech startup PawnHero today announced an undisclosed amount of pre-series A funding from SoftBank-affiliated Kaikaku Fund, which is focused on the Philippines, 500 Startups, and IMJ Investment Partners. (more…)

Banks, Deals, Fintech news

March 15, 2016

985

Square acquires the team behind predictive analytics firm Framed Data

By Matthew Lynley for the Techcrunch,

Square is acquiring the team behind Framed Data, a predictive analytics service, and will be deploying the team of data scientists to its Square Capital team.

(more…)

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

March 15, 2016

1860

FinLeap and SolarisBank launch “Banking as a Platform”

By Steve O’Hear for the Techcrunch.com

Offering what it calls Banking-as-a-Platform, FinLeap, the German fintech ‘startup factory’, has hatched its latest venture. (more…)

Banks, Deals, Fintech news, Mobile-first banks

March 15, 2016

Deals: Line plots $3b IPO, but may have a tough road ahead

By 

Rumors of an IPO for Line have been rumbling on for nearly three years. What was once thought to be a US$10 billion IPO could turn out to be a US$3 billion listing, according to areport today from Reuters affiliate IFR. (more…)

Deals, Fintech news

March 12, 2016

PayPal partners Village Capital to back financial inclusion startups

By Finextra.com

PayPal is teaming up with venture development organisation Village Capital to back fintech entrepreneurs working to boost access to financial services for low-wealth people and businesses. (more…)

Cashless, Deals

March 12, 2016

927

Here’s why fintech companies are opting to stay private: funding just hit a record

By Julie Verhage for Bloomberg.com

Record number of deals for fintech in 2015. Some fintech companies that have recently entered the public market have had a tough time of late. (more…)

Deals, Fintech news, SME

March 9, 2016

631

Deals: Snapchat Raises $175 Million From Fidelity at Flat Valuation

By ROLFE WINKLER and DOUGLAS MACMILLAN for WSJ

Messaging company still worth $16 billion in latest funding

(more…)

Banks, Deals, Fintech news, Global trends

March 7, 2016

610

Why is Britain’s Barclays Bank pulling out of Africa?

By Lerato Mbele for BBC

As the UK bank Barclays announced its full year results, local markets were less interested in the numbers and more interested in the back story. (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia

March 7, 2016

591

Deals: Migme raises $5m from Meitu to one-up Instagram and Snapchat in Asia

By Terence Lee for TechinAsia

Migme, which calls itself a “digital media company” for emerging markets, is many things. It’s a social network, a chat app, and a place to listen to music, engage with celebrities, and play games. (more…)

Deals, Fintech news, Global trends, InspirAsia

March 6, 2016

India to study mergers of state-run banks in efficiency push

By Nidhi Verma

India will consider merging some of its more than two dozen state-run banks, the finance minister said on Saturday, as the government seeks to improve efficiency at the ailing lenders that dominate the nation’s banking sector. (more…)

Banks, Deals, Fintech news, Global trends, India

March 5, 2016

Nearex Launches XipPAY for Offline Payments – First Cashless Fare Payment System for the Unorganized Transport Sector

Singapore, Singapore, February 19, 2016 –(PR.com)– Nearex, a Singapore technology start-up that’s rapidly emerging as a category leader in the mobile micropayment domain announced that it is showcasing a breakthrough mobile payment system for the unorganized public transport sector at the MWC 2016 in Barcelona. (more…)

Deals, Fintech news

March 5, 2016

739

This is how Australia is changing to become startup friendly

In interviews with the Australian Ambassador to Israel and StartupAUS’ Acting CEO, Geektime learned how Australia is making big changes to grow their ecosystem (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia, Insurance, news

March 4, 2016

Rocket Internet’s Africa Internet Group raises $326M from Goldman Sachs and others

By Jon Russel for Techcrunch

Fresh from pulling in $83 million from European insurance giant AXA last month, Africa Internet Group (AIG) — the Rocket Internet-backed company behind e-commerce siteJumia — has announced that it has raised a much larger €300 million ($326 million) in fresh funding. (more…)

Banks, Deals, Fintech news

March 4, 2016

561

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

720

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

608

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

1173

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

856

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

906

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

1112

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

779

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

929

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

625

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

663

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

808

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

749

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

1135

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

852

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