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Life.SREDA To Pour US$90M In Asian Fin-Tech Startups Over Next 6 Months

E27.CO: Russian venture capital firm Life.SREDA, which e27 exclusively reported is to open its own fin-tech accelerator InspirAsia in Singapore this year, has just shared more juicy goodness: it plans to invest the remaining US$80 million to US$90 million of its second fund into promising fin-tech startups across Asia Pacific over the next six months. Vladislav Solodkiy, the firm’s Managing Partner, said he expects the remainder of the fund to be invested in between 20 to 30 startups at rounds of between US$1 million and US$10 million depending on the stage of the company. (more…)

Fintech news, Hotnews, InspirAsia, Singapore

April 24, 2015

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Life.SREDA Announces InspirAsia FinTech Accelerator For Singapore

E27.CO: The 90-day accelerator’s first batch of 20-30 startups will kick off in September, with investments of US$50K to US$300K for 5-15% equity (more…)

Fintech news, Hotnews, InspirAsia, Singapore

April 9, 2015

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Northwestern Mutual Buys Finance Startup LEARNVEST For $250M

FAST COMPANY: Alexa Von Tobel, whose startup LearnVest was featured on our list of the world’s Most Innovative Companies, has sold her company to Northwestern Mutual for $250 million, according to Fortune. Not bad for a personal-finance startup. (more…)

Deals, Fintech news, Hotnews, PFM/PFP services

March 27, 2015

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LifePay Launched Internet Acquiring And Lending Services

LifePay has launched 2 new products in its line: online acquiring and SME-lending for working capital (in a month they are launching POS-lending – when entrepreneurs sell their goods and services on credit – this model is used by FinanceIt) (more…)

Fintech news, Hotnews, Mobile payments/banking, p2p/online lending, POS/mPOS and online acquiring

March 27, 2015

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Skrill Bought by Rival Payments Provider Neteller for €1.1 Billion

FOREXMAGNATES:  Optimal Payments Plc (LSE: OPAY), the group behind the popular NETELLER payment solution, has just revealed it would buy rival Skrill Group (Sentinel Topco Ltd) for a sum of about 1.1 billion euros in order to expand its online services.  Skrill is one of the largest online pre-paid cards providers in Europe with its paysafecard brand. Its shareholders include CVC Capital’s Sentinel Group Holdings SA, Investcorp Technology Partners and others. Back in August 2013, CVC acquired a controlling stake in Skrill for €600m from Bahrain-based Investcorp.

(more…)

Deals, eWallets, Fintech news, Hotnews

March 24, 2015

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Exclusive: Russian VC Life.SREDA moving HQ to Singapore, targets $100m second fund

DEALSTREETASIARussia’s economic slump is set to boost the fledgling financial services technology (Fintech) startup ecosystem in Singapore and South East Asia. Moscow-based venture capital firm Life.SREDA, that focuses exclusively on investments in Fintech mobile and internet projects, is pivoting to Asia, and moving its corporate headquarters to Singapore, executives aware of the developments told DEALSTREETASIA. (more…)

Fintech news, Hotnews, InspirAsia, news, Singapore

March 20, 2015

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Asia among Top Five Most Funded Regions in Fintech: Life.SREDA

DEALSTREETASIA: Asia joined the world’s most funded regions for the fintech industry in 2014, with startups in this space raising total of $797 million, a report said. This growth was triggered mainly by fintech investments in China, and on a global level, fintech startups have raised about $6.8 billion during this period, according to data compiled by Life.SREDA, a venture capital firm headed in Russia.

(more…)

Analytics, Global trends, Hotnews, InspirAsia

March 19, 2015

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Budget 2015: UK To Regulate Cryptocurrencies

WIRED UK:  The government has announced its intention to apply anti-money laundering regulation to digital currency exchanges in the UK. It is hoped that regulation will not only prevent criminal use of digital currencies, such as Bitcoin, but support innovation. Regulation would be intended to ensure the environment was ready to allow digital currencies to flourish, while at the same time discouraging those who wanted to use digital currencies for illicit reasons.

(more…)

Global trends, Government activities, Hotnews

March 18, 2015

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Facebook Introduces Free Friend-To-Friend Payments Through Messages

TECHCRUNCH: When you chat with friends about settling debts or splitting the bill, Facebook doesn’t want you to have to open another app like PayPal or Venmo to send them money. So today it unveiled a new payments feature for Facebook Messenger that lets you connect your Visa or Mastercard debit card and tap a “$” button to send friends money on iOSAndroid, and desktop with zero fees. Facebook Messenger payments will roll out first in the U.S. over the coming months.

(more…)

Fintech news, Hotnews, Mobile payments/banking, Mobile-first banks, p2p-payments

March 18, 2015