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637

Southeast Asia sees record startup funding in 2017

By Judith Balea for Tech in Asia

Funding for Southeast Asian startups hit yet another record in 2017, as late-stage companies attracted more investor backing. Activity also picked up in the series B or growth stage.

(more…)

Fintech news, Global trends, Hotnews, InspirAsia

January 29, 2018

295

Ripple and Coinbase investor Greg Kidd backs digital money platform Uphold

By Uphold

Uphold, the digital money platform, today announced that it has entered into a $57.5 million partnership with Greg Kidd, investor in Ripple, Square, Coinbase and others, to increase its loss assurance for consumers to around 20% of total current crypto holdings – an industry-leading move where most companies offer little or no consumer coverage. (more…)

Cryptocurrencies, Fintech news, Global trends

January 29, 2018

277

Fintech Broker Firm Robinhood Announces Free Bitcoin & Ethereum Trading For Users

By Samantha Hurst for Crowdfund Insider

Robinhood, a fintech broker firm, announced this week its new bitcoin and other cryptocurrencies investment platform, which its services are 24 hours a day available the platform is commission-free. (more…)

Fintech news, Global trends

January 29, 2018

333

Baidu seeks to raise $2bn for finance unit

Chinese search engine Baidu is looking to raise up to $2 billion to take on fellow tech behemoths Alibaba and Tencent in the financial services sector, according to Reuters. (more…)

Fintech news, Global trends, InspirAsia

January 29, 2018

550

How blockchain could kill both cable and Netflix

By Rizvan Virk for Venture Beat

Blockchain technology, powered by nodes of peer-to-peer computers around the world, is on the rise. So can we expect decentralized entertainment applications built on blockchain to replace streaming services like Netflix or Amazon and be the final death knell for Cable? (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

January 29, 2018

Silicon Valley VCs See Green In Telegram’s $600M ICO

Three big Silicon Valley venture capital firms want to invest in Telegram’s initial coin offering (ICO), The Financial Times reported. (more…)

Cryptocurrencies, Fintech news, Global trends

January 29, 2018

1897

Traditional banks hate crypto – Part II

By Slava Solodkiy, Managing Partner at Life.SREDA VC

At the end of 2017 and beginning of 2018 Bitcoin investors were claiming Australia’s banks are freezing their accounts and transfers to cryptocurrency exchanges, with a viral tweet slamming the big four and an exchange platform putting a restriction on Australian deposits. (more…)

Columns, Fintech news, Global trends, Hotnews

January 25, 2018

907

Tradeshift Launches Innovation Lab to Bring the Blockchain to Business Commerce

Business commerce platform Tradeshift announced today the launch of Tradeshift Frontiers, an innovation lab and incubator designed to apply emerging technologies like AI, distributed ledgers, and IoT to business networks, supply chains, and global trade. (more…)

Blockchain, Fintech news, Global trends, Hotnews

January 25, 2018

758

Alibaba market value hits the $500 billion valuation mark

Alibaba Group Holding Ltd., just reached the $500 billion valuation milestone according to local media reports. The China-based e-commerce giant closed on Wednesday with 500.8 billion in value at $195.53 and up 1.69% on the New York Stock Exchange according to CNBC data. (more…)

Fintech news, Global trends, Hotnews

January 25, 2018

484

Tryb Group raises $30M to develop fintech platforms for Southeast Asia

By Jon Russel for Tech Crunch

Tryb Group, a Singapore-based organization focused on fintech services in Southeast Asia, has landed a $30 million investment from Makara Capital. (more…)

Fintech news

January 25, 2018

274

Japanese crypto exchange bitFlyer launches in Europe

By Bitflyer

bitFlyer, the Tokyo-based operator of the world’s largest* Bitcoin exchange, today announced its launch into Europe. (more…)

Cryptocurrencies, Fintech news, Global trends, InspirAsia

January 23, 2018

177

IFC becomes anchor investor in $100 million Partech Africa startup fund

 By IFC

IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa. (more…)

Fintech news, Global trends

January 22, 2018

316

Vantiv closes Worldpay acquisition

By Vantiv

Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions in the U.S., announced today that it has completed its acquisition of Worldpay Group plc, a leader in technology-led payment solutions. (more…)

Fintech news, Global trends, Hotnews

January 17, 2018

Ripple turns investor as execs lead $25M round for storage and rental startup Omni

Earlier this month, I wrote that crypto companies are going to become investors in 2018. I didn’t quite imagine that happening as quickly as mid-January, but here we are. Ripple, the fintech startup behind the controversial XRP token, has its first investment after it backed U.S.-based storage startup Omni through a $25 million round. (more…)

Cryptocurrencies, Fintech news, Global trends

January 17, 2018

Credit card app Curve launches in UK

By Curve

Curve, the new app that connects your debit and credit cards to one Curve Mastercard, launched for UK consumers today. (more…)

Fintech news

January 17, 2018

Lending Marketplace Lendix Raises €200 Million Institutional Financing to Trailblaze European Alternative SME Finance

Lendix’s historical investors are renewing their trust in the Paris-based European SME marketplace lender. The European Investment Bank Group (EIB), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements are among the first investors joining to finance Lendix’s latest investment vehicle to fund unsecured loans to SMEs in France, Spain and Italy. New institutional investors from banks and asset management firms in Spain and Italy are joining. As of now, €120 million of the planned €200 million are already committed and the first loans from this fund will start rolling out as soon as February. (more…)

Fintech news, Global trends, p2p/online lending

January 17, 2018

321

Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdown

Warren Buffett, arguably the world’s most successful and respected investor, has issued a scathing assessment of cryptocurrencies and predicted a “bad ending” for the current bitcoin boom. (more…)

Cryptocurrencies, Fintech news, Global trends

January 12, 2018

520

Fintech leads the way as investment in UK tech firms doubles in 2017

As Brexit negotiations grind on, London’s fintech sector remains a hotbed of investment activity, capturing the lion’s share of a £2.99 billion venture capital splurge on UK tech firms. (more…)

Fintech news

January 9, 2018

261

Capital One acquires machine learning consultancy Notch

Capital One has acquired machine learning consultancy Notch as part of a progressive effort to develop data-driven products and services for its customer base. (more…)

Banks, Fintech news, Global trends

January 9, 2018

Overstock leads $2.2 million funding round in blockchcain voting platform Voatz

Voatz, a mobile focused election voting and citizen engagement platform, announced today that it has raised over $2.2 million in seed round funding led by Medici Ventures with participation from the Urban Innovation Fund and Oakhouse Partners. (more…)

Blockchain, Fintech news, Global trends

January 9, 2018

243

Alkami raises $70 million for mobile banking software

By Katie Roof for techcrunch

There’s a startup in Texas that’s been quietly building the technology that powers mobile banking apps. (more…)

Fintech news, Mobile payments/banking

January 9, 2018

Telegram plans multi-billion dollar ICO for chat cryptocurrency

By Mike Butcher for Techcrunch

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. (more…)

Cryptocurrencies, Fintech news, Global trends

January 9, 2018

659

Looking for signs the Bitcoin panic is over

A remarkable 2017 for Bitcoin turned into stomach-churning terror for investors just before the holiday weekend when the cryptocurrency had its worst week of trading in four years. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

December 26, 2017

427

Waves establishes presence in Amsterdam

Waves begins its global expansion with a permanent presence in Amsterdam as well as Moscow, thanks to its strategic partnership with Primalbase. (more…)

Blockchain, Fintech news, Global trends

December 26, 2017

1006

4 AI Use Cases in Fintech in 2018 according to PwC and Gartner

According to Gartner, by the end of 2020, 20% of citizens in developed nations will use AI for everyday operational tasks and a whopping 85% of CIOs (Chief Information Officers) will be piloting AI programs for their organizations through buy, build and outsourcing efforts. By the end of 2018, use of AI is predicted to be widespread through commonly used applications like cloud office suites.

(more…)

Fintech news, Global trends

December 26, 2017

637

Japanese and Korean banks to test RippleNet for cross-border funds transfers

Japanese and Korean banks are to run pilot trials of real-time cross-border funds transfers over the Ripple network. (more…)

Banks, Blockchain, Deals, Fintech news, Hotnews

December 22, 2017

453

Savings app Chip raises £1.1 million on Crowdcube

Chatbot savings app Chip has crashed through the £1 million barrier in a crowdfunded effort to raise funds to apply for a banking licence. (more…)

Banks, Fintech news, Global trends

December 22, 2017

472

North Korea Accused of Hacking South Korean Bitcoin Exchange Youbit

Earlier this week, major South Korean Bitcoin exchange Youbit suffered a large-scale security breach that led to the theft of one fifth of user funds. (more…)

Cryptocurrencies, Fintech news, Global trends, InspirAsia

December 22, 2017

380

Ant Financial, Didi, and Xiaomi named top 3 Chinese unicorns, says Hurun Report

The Hurun Research Institute released today the Hurun Greater China Unicorn Index 2017, where Ant Financial, Didi Chuxing, and Xiaomi top the chart. The report listed out 120 best unicorns in the Greater China region that are valued over $1 billion as of the end of November 2017. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, SME

December 22, 2017

511

Exclusive: Telegram to Release Blockchain Platform, Native Cryptocurrency

By David Dinkins

The popular encrypted messaging app Telegram will launch its own Blockchain platform and cryptocurrency, according to sources familiar with the matter. The new platform will be dubbed either “The Open Network” or “Telegram Open Network” (TON) and is supposed to be based on an improved version of Blockchain technology. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

December 22, 2017