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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

648

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

619

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

706

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

529

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

618

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

594

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

881

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

438

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

514

Deals: Singapore-based Xfers Lands $2.5M To Simplify Bank Transfers

By ,

Xfers, a startup that wants to simplify bank transfers, announced today that it has raised a $2.5 million seed round.

(more…)

Deals

January 22, 2016

TravelersBox Raises $10M in Series A Funding

By Finsmes news,

TravelersBox, a Kadima, Israel-based provider of a solution allowing travelers to convert leftover foreign currency into usable digital currency, raised $10m in Series A funding. (more…)

Deals, Fintech news

January 21, 2016

Deals: Khazanah-led group invests $160 mln in HK fintech start-up WeLab

Jan 20 An investment group led by Malaysia’s state fund Khazanah Nasional has invested $160 million in Hong Kong-based financial technology start-up WeLab. (more…)

Deals, Fintech news

January 20, 2016

Deals: BlueVine Raises $40 Million To Help Small Businesses With Cash Flow

By Katie Roof for Techcrunch.com,

Another big bet on fintech, Palo-Alto based BlueVine has raised $40 million to provide credit lines for small businesses. The round is led by Menlo Ventures, with participation from Rakuten, Lightspeed and 83North. (more…)

Deals, Fintech news

January 20, 2016

561

Deals: Paytm Acquires Personal Assistant App Shifu

Paytm, the Indian mobile commerce company backed by Alibaba, announced today that it has acquired Shifu, a personal assistant app for smartphones. The value of the deal was not disclosed, but Paytm senior vice president Kiran Vasireddy confirmed that it is close to the $8 million.

(more…)

Cashless, China, Deals, Fintech news, news

January 19, 2016

491

Deals: JD Finance Lands $1B Led By Sequoia China At $7.1B Valuation

Alibaba isn’t the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba’s Ant Financial raised an undisclosed round last summer at a colossal $45-$50 billion valuation, its rival e-commerce giant JD.com’s money-focused unit is also in the money after it took in RMB 6.65 billion (around $1.01 billion) from a clutch of high-profile investors. (more…)

Deals, Fintech news

January 17, 2016

651

Deals: Beacon Technology Company Estimote Raises $10.7 Million Series A

By Sarah Perez for Techcrunch.com

Estimote, a beacon company whose small, wireless sensors and accompanying software provide indoor location technology to some of the largest retailers as well as 65 percent of the Fortune 100, has now closed on $10.7 million in Series A funding. The round will help the business scale to meet the needs of its current customer base, around half of which is retail, as well as fund R&D efforts related to what’s next. (more…)

Deals, Fintech news, Global trends, InspirAsia, Japan

January 15, 2016

707

Deals: P2P mobile payments app Kashmi rakes in US$500k seed round

Kashmi, a Singapore- and Sri Lanka-based startup that facilitates peer-to-peer payments, announced today that it has locked in funding of S$700,000 (US$497,000). (more…)

Deals, Fintech news, news, p2p-payments, Singapore

January 15, 2016

434

Deals: Euclid Analytics Raises $20M Series C To Track Consumer Behavior In Retail Stores

By Catherine Shu for Techcrunch.com

Euclid Analytics plans to help more companies track customer behavior in their retail stores after raising a $20 million Series C. The funding will be used to acquire clients, add new employees, and build Euclid’s location analytics platform. (more…)

Deals, Fintech news, SME

January 14, 2016

SBI’s Intech to engage startups in FinTech

(SBI) chairman Arundathi Bhattacharya on Thursday announced Intech, an initiative to team up with startups to create financial technology (FinTech) solutions for banks. (more…)

Banks, Cashless, Deals, Fintech news

January 14, 2016

532

Deals: PolicyGenius Raises $15 Million For Its Online Price Comparison Insurance Brokerage

By Jonathan Shieber for Techcrunch.com,

Brooklyn-based PolicyGenius has raised $15 million in a new round of funding to expand its price comparison insurance brokerage service. (more…)

Deals, Fintech news, Insurance

January 14, 2016

370

Deals: Moneybox Scores $3M Seed To Make It Easy For Millennials To Save And Invest

By Steve O’Hear for Techcrunch.com

Yet-to-launch Moneybox is a U.K. startup that wants to encourage millennials who might not be thinking too much about their financial futures to save and invest. (more…)

Cashless, Deals, Fintech news

January 13, 2016

582

Deals: P2P Start-Up Duanrong Completes $59M Series B Round

Chinese P2P (peer-to-peer) lending start-up Duanrong has completed RMB390 million (US$59 million) series B round of financing from pharmaceutical company Furen Group, according to announcements (in Chinese) posted on the company’s Weibo account. (more…)

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

January 12, 2016

517

Deals: Insurance Brokerage App FinanceFox Raises $5.5M Led By Salesforce Ventures

By Steve O’Hear for Techcrunch.com,

Like Knip, FinanceFox is another startup founded in Switzerland that is moving the insurance brokerage process online. Its mobile app lets you manage of all your existing insurance and get advice regarding gaps in your coverage or ways to save money on your insurance requirements going forward. (more…)

Deals, Fintech news, Insurance

January 12, 2016

547

China Broadband Capital Joins Series B Round In Ping++

Ping++ (2014, Shanghai) Payment processor that offers integrated mobile payment SDKs and comprehensive payment solutions for developers, has raised $10M in Series B funding led by China Broadband Capital and Shengjing Technology, with participation from Sequoia and Linear Ventures.

(more…)

China, Deals, Fintech news

January 12, 2016

571

Deals: Toast, A Point Of Sale Service For Restaurants, Raises $30M

By Mathew Lynley for techcrunch.com

When Chris Comparato joined his former colleagues at Toast, a service that includes a point-of-sale tool for restaurants, raising new financing to continue scaling the company was near the top of the list.

(more…)

Deals, Fintech news

January 11, 2016