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1077

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

897

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

795

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

1366

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

792

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

799

Rocket Internet’s Foodpanda Gobbles Up $100M More Led By Goldman Sachs

TECHCRUNCH: Less than two months after raising $110 millionFoodpanda — the Rocket Internet-backed food delivery service — is back at the table gobbling down an additional $100 million serving from investors. (more…)

Deals, Fintech news, news

April 30, 2015

801

Bigcommerce Acquires Checkout And Inventory Software Startup Zing

TECHCRUNCH: E-commerce platform Bigcommerce announced today that it has made its first acquisition, point-of-sale and inventory management software startup Zing. The value of the deal was undisclosed. Bigcommerce has raised $125 million so far from investors including General Catalyst, Softbank, and American Express, and is pursuing rapid growth in the U.S. and Asia. It faces formidable competition, however, from other e-commerce platforms like Shopify (which recently filed for a $100 million IPO) and Magento, as well as marketplaces such as eBay and Amazon that target smaller vendors. (more…)

Deals, Fintech news, news

April 29, 2015

814

2C2P Raises $7M To Bridge The Payment Gap In Southeast Asia

TECHCRUNCHPayments continue to be a huge issue in many parts of Asia and emerging markets. That’s why 2C2P, a Singapore-headquartered startup, has closed a $7 million Series C round to help solve the complexities across Southeast Asia. The round was provided by Hong Kong-based Amun Capital and GMO Venture Partners from Japan. It takes the startup at $40 million pre-money, and takes it to $10 million from investors to date. (more…)

Deals, Fintech news, InspirAsia, Mobile payments/banking, Singapore

April 27, 2015

760

Freelancer Gets Into ePayments With $7.5M Deal To Acquire Escrow.com

TECHINASIA: Freelancer, the Australia-based platform that connects freelancing professionals with small businesses around the world, today announced it’s diversifying with the acquisition of US-based epayments service Escrow.com for US$7.5 million. (more…)

Deals, InspirAsia

April 27, 2015

2230

Baidu invests $11M in restaurant management platform to bring more local businesses under its wing

TECHINASIA: Restaurant management software-as-a-service startup Keru Cloud today announced it has secured RMB 66 million (US$10.7 million) in series B funding led by Baidu and Tianxing Capital (hat-tip to 36kr). Fangjinglin Investment and Kaixing Capital also participated in the round. (more…)

China, Deals, InspirAsia

April 24, 2015

1808

Xiaomi-backed P2P loans startup Jimubox secures $84M series C funding

TECHINASIA:  Peer-to-peer lending startup Jimubox has just secured $84 million in series C funding. It comes seven months after the Beijing-based firm attracted US$37 million from Xiaomi and ShunWei Capital, a venture capital fund headed by the phone maker’s founder, Lei Jun. (more…)

China, Deals, InspirAsia, p2p/online lending

April 23, 2015

2707

Fintech Fundings: 18 Companies Raise a Cool $1 Billion Week Ending April 24

FINOVATE:  The alternative lending sector, especially in China, is soaking up funds at an unprecedented pace. This week alone, more than $750 million went to startup lenders, 80% earmarked to China (Lufax $485 million and Jimubox $84 million), while Funding Circle (London, $150 million), EZBob (London, $45 million), Smava (Germany, $16 million), and Assetz (London, $4.5 million) rounded out the sector’s inflow. Across the total fintech sector, 18 companies raised $1.03 billion this week. And three new unicorns were officially unveiled: Lufax, Funding Circle, and Oscar, a U.S. health insurance startup. (more…)

Deals, Fintech news, news

April 23, 2015

708

With Fin-Tech Poised As The Next Big Thing, Payments Startup happay Bags US$500K

E27.CO: On the sidelines of LetsIgnite (an event organised for angel investors in India by online deal-making platform LetsVenture on April 22), leading VC funds like IDG Ventures and Lightspeed Venture Partners told e27 that fin-tech is the next industry — after consumer Internet — that is poised to see the most number of actions in the coming years. Bangalore-based seed-stage VC fund AngelPrime has sensed this opportunity early on and invested US$500,000 in city-based happay, a startup which makes expense management cashless, paperless and mobile. (more…)

Deals, India, InspirAsia

April 23, 2015

2600

German Online Loans Platform Smava Raises $16M

TECHCRUNCH: Here comes some more funding for a European financial tech company specialising in online loans. Germany’s Smava — a peer-to-peer lending platform where investors provide the funds to loan money to borrowers — has raised $16 million in funding led by Phenomen Ventures, along with existing investors Earlybird and Neuhaus Partners. Phenomen’s track record in fintech investments includes backing Prosper, the U.S.-based peer-to-peer lending marketplace. The investment takes the total raised by Smava to nearly $30 million. (more…)

Deals, Fintech news, news, p2p/online lending

April 22, 2015

979

P2P Lending Site Funding Circle Raises $150M Led By DST At A $1B+ Valuation

TECHCRUNCH: Time to make way for another startup juggernaut out of the financial world. Funding Circle — a London-based peer-to-peer platform for small businesses to get loans, and investors to put up money to finance those loans — is today announcing that it has raised $150 million in venture funding, in a round that we have confirmed values the startup at over $1 billion. While partial news of the financing leaked out earlier this month, now we have the full details. This latest round was led by DST Global, with participation also from Baillie Gifford, a fund managed by BlackRock, Sands Capital Ventures and Singapore’s Temasek. (more…)

Deals, Fintech news, news, p2p/online lending

April 22, 2015

692

Alibaba Buys Movie Ticketing Software Company For $134M

TECHINASIA: Alibaba is continuing its foray into entertainment with a US$134 million purchase of Yueke Software engineering, a company that makes software for ticket booking and theater management. (more…)

China, Deals, InspirAsia

April 22, 2015

683

TradeGecko raises $6.5m Series A round from NSI & Jungle Ventures

DEALSTREETASIA: Singapore-based startup  TradeGecko, a B2B web-based inventory and order management software provider for independent brands and their retailers, has raised $6.5 million in a Series A round from  local venture capital firms NSI Ventures and Jungle Ventures (more…)

Deals, InspirAsia, Singapore

April 21, 2015

660

Consumer Finance Startup CompareAsia Scores $40M Series A Led By Goldman Sachs

TECHCRUNCHCompareAsiaGroup, which runs websites that help users find financial services, has raised a $40 million series A led by the Goldman Sachs Investment Partners team. Other investors include Nova Founders Capital (a venture firm that is also one of CompareAsiaGroup’s founders), Jardine Pacific, Ace & Company, Route 66 Ventures, Zynga-founder Mark Pincus, and Owen Van Natta, who has held senior positions at Facebook and MySpace. CompareAsiaGroup’s total raised to date is now about $45 million, including an earlier seed round. (more…)

Deals, InspirAsia

April 21, 2015

715

Y Combinator-Backed Health Insurance Startup SimplyInsured Pulls In $1.75 Million In Seed Funding

TECHCRUNCH: Online health insurance for small businesses platform SimplyInsured has raised a total of $1.75 million in seed funding from Starling Ventures, Altair, NerdWallet co-founders Jake Gibson and Tim Chen, Amee and Adil Chaudry, Sam Melamed and Y Combinator to help “pour gas” on sales of the product. (more…)

Deals, Fintech news, news

April 20, 2015

928

eToro Raising An Additional $12 Million From Commerzbank – LeapRate Exclusive

LeapRate: The new $12 million round of funding provided to eToro represents the very first investment of CommerzVentures, which joins existing eToro investors in a Series D Financing. CommerzVentures GmbH, the Corporate Venture Capital subsidiary of Commerzbank launched approximately six months ago, has made its first investment in a fintech company, namely Israel’s social investment platform eToro Group Ltd. (more…)

Deals, Fintech news, news

April 20, 2015

1085

CurrencyFair Raises Further €10 Million

TECHCRUNCH: VCs continue to plough money into money transfer/currency exchange startups in Europe. This time it’s the turn of CurrencyFair, which has raised a further €10 million. The round was led by Octopus Investments, with participation from previous backer Frontline Ventures. (more…)

Deals, Fintech news, news, p2p-payments

April 16, 2015

948

Number26 Grabs $10.6 Million To Bring Its Bank Of The Future To Everyone

TECHCRUNCH: It feels like Number26 opened its doors yesterday, but the young startup just raised a $10.6 million Series A round (€10 million) from Peter Thiel’s Valar Ventures, with Daniel S. Aegerter and existing investors Earlybird and Redalpine also participating. This represents Valar Ventures’ second investment in a European fintech startup — the VC fund also participated in TransferWise’s impressive $58 million round. (more…)

Deals, Fintech news, news

April 16, 2015

775

Used Daily By 750K Workers, Slack Raises $160M, Valuing Collaboration Startup At $2.8B

TECHCRUNCHSlack, the popular workplace communication and collaboration startup from Flickr co-founder Stewart Butterfield — is today confirming that it has raised its latest round of funding: a Series E of $160 million at a post-money valuation of $2.8 billion. This follows on from reports from us and others that it was raising funding at upwards of a $2 billion valuation — a massive premium on its $1.12 billion valuation in October 2014. (more…)

Deals, Fintech news, news

April 16, 2015

812

Zomato Acquires Cloud-Based MaplePOS To Move Beyond Reviews

E27.COZomato, the online restaurant guide, has acquired MaplePOS, a cloud-based point of sale product for restaurants at an undisclosed sum. It has already renamed the MaplePOS product to Zomato Base. (more…)

Deals, Fintech news, India, InspirAsia

April 15, 2015

791

Micro-Investment App Acorns Raises $23 Million Led By Greycroft, e.Ventures

TECHCRUNCHAcorns, the micro-investment app that sets up a portfolio for you by collecting your spare change, has today announced the close of a $23 million Series C financing, led by Greycroft Ventures and e.Ventures, with participation from Sound Ventures, Garland Capital, and MATH Venture Partners. This brings Acorns’ total amount raised to $32 million. (more…)

Deals, Fintech news, news

April 15, 2015

1037

Philippine Startup Satoshi Citadel Industries Acquires BuyBitcoin.ph

E27.CO: Philippine startup Satoshi Citadel Industries (SCI) has acquired BuyBitcoin.ph, the first Philippine Bitcoin exchange in the country. Founded by Sam Kaddoura, Lasse Birk Olesen, James Florentino and Dan Walton in January 2014, BuyBitcoin.ph is a peso to Bitcoin ‘over-the-counter’ exchange which allows Filipinos direct access to buying and selling of the cryptocurrency. (more…)

Cryptocurrencies, Deals, Fintech news, InspirAsia, news, Philippines

April 14, 2015

695

Temasek Acquires SVB India Finance For $48.1M To Foray Into Venture Debt

TECHINASIA: Singapore’s sovereign wealth fund Temasek has acquired SVB India Finance, the largest provider of debt financing to VC-backed firms in India. The deal is worth INR 3 billion (US$ 48.1 million). (more…)

Deals, India, InspirAsia, Singapore

April 14, 2015

662

Restaurant Classifieds Site Zomato Eats Up An Additional $50M In Funding

TECHINASIA: Barely five months after raising US$60 million, restaurant finder app Zomato has swallowed another US$50 million in a fresh round of funding from existing investor Info Edge, a public listed online classifieds firm, among others. Info Edge alone pitched in US$24 million. (more…)

Deals, Fintech news, India, InspirAsia, news

April 13, 2015

1097

LinkedIn To Buy Online Education Site Lynda.com For $1.5 Billion

TECHCRUNCH: Professional network LinkedIn is getting into the professional skills education market in a big way: The social company purchased Lynda.com, the online learning company founded in 1995 by technical skill instructional book author Lynda Weinman and co-founder Bruce Heavin. Lynda.com has long been the go-to resource for online learning on subjects like Photoshop, basic HTML, CSS, management practices and many more, offering instructional videos and tutorials from industry experts and vets long before e-learning was at anywhere near the level of interest it enjoys today. (more…)

Deals, Influences FinTech

April 9, 2015

955

Cloud Accounting Startup FreeAgent Raises $5M In Debt Financing

TECHCRUNCH: FreeAgent, the cloud-based accounting software startup that targets freelancers and so-called “micro-businesses”, for which it claims to be the leader in the U.K., has raised a further $5 million in funding — money it plans to use to increase the rate of customer acquisition (read: marketing). (more…)

Deals, Fintech news, news

April 8, 2015