Fintech news

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


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


Fastest Crowdfunding Ever: £1 million in 96 Seconds

By Tom Blomfield, Mondo

Yesterday at 1pm we relaunched our crowdfunding round after overwhelming demand crashed Crowdcube’s servers on Monday. (more…)

Banks, Fintech news, Mobile payments/banking, Mobile-first banks

March 4, 2016


KPMG report: Innovative finance

Traditional finance business models are being crunched by macro-economic events, but KPMG sees opportunities ahead (more…)

Analytics, Banks, Fintech news, Global trends, news

March 4, 2016


Google pilots hands free payments app

By Nick Statt for the

Google today released an experimental payments app called Hands Free, a service that lets you pay for items in stores without taking your phone out. (more…)

Cashless, Fintech news

March 3, 2016


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


Life.SREDA VC report: Neo- and challenger banks are coming

Key findings on upcoming trends in the banking sector. 

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews, Mobile-first banks

March 3, 2016


Square Makes Small Business Push For Growth Ahead Of Earnings

By Ryan Mac for Forbes,

Following Square’s initial public offering in November, the company’s executives hung up a new sign at San Francisco headquarters to remind employees of their mission. Located just through the doors of Square’s main entrance, the white block letters set against a similarly colored backdrop broadcasts one of CEO Jack Dorsey’s highest principles: “Economic Empowerment.” (more…)

Cashless, Fintech news, Mobile payments/banking, POS/mPOS and online acquiring, SME

March 3, 2016


Square’s new product “Cash” can now hold a balance

By Matthew Lynley for Techcrunch,

Square Cash, the peer-to-peer payments app that aims to replace cash by offering instant deposits, rolled out another feature today that better positions the app to challenge competitors like PayPal and Venmo: the ability to maintain a cash balance.


Cashless, Fintech news, news

March 3, 2016


HBR: What startup accelerators really do

By Ian Hathaway for Harvard Business Review,

The well-advertised boom in startups and venture capital in recent years has coincided with the emergence of new players in startup ecosystems. One of these, startup accelerators, has received a great deal of attention but also little scrutiny. (more…)

Fintech news

March 3, 2016


Honda bets that cars are the next mobile payment platform

By Liane Yvkoff  for Forbes

The future of mobile commerce could be in the car. Honda teamed with Visa to demonstrate at the 2016 Mobile World Congress that apps embedded in its infotainments system could soon be used to pay for items without leaving the comfort of their car. (more…)

Cashless, Fintech news, news

March 3, 2016

Myanmar shows green light to four more foreign banks, all from Asia

By Juliet Shwe Gaung  for DSA

The Central Bank of Myanmar has awarded preliminary operating licenses to four more foreign banks, all from Asia,  – Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank. With this move, the total number of foreign banks that are allowed to operate in the frontier market touches 13. (more…)

Banks, Fintech news, Global trends

March 3, 2016

Lending Club Reports Operating Revenue of $427 Million. Will Start Share Buyback Program in the Amount of $150 Million

by JD Alois for Crowdfunding Insider

The leading marketplace lending platform in the US Lending Club (NYSE:LC) reported Q4 and 2015 full year results this morning.  The company also reported that, to date, it has facilitated over $16 billion in consumer and SME loans.  Lending Club also revealed its intent to launch a share buyback program of $150 million.  Lending Club beat analyst expectations and shares were boosted by the positive outlook delivered by Lending Club. (more…)

Fintech news

March 3, 2016


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.


Cashless, Deals, Fintech news, Global trends

March 3, 2016


We Must Regulate Bitcoin. Problem Is, We Don’t Understand It

By Primavera De Filippi for Wired

Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated. The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

March 2, 2016


Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated.

By PRIMAVERA DE FILIPPI for Wired Magazine

The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology. (more…)

Blockchain, Fintech news

March 2, 2016


Global fintech survey results: 51 experts reveal 2016 trends

By Devie Mohan 

What are the trends expected to drive fintech innovation in 2016? On behalf of Envestnet® | Yodlee®, the results of the second annual Global Fintech Influencer Survey. (more…)

Analytics, Fintech news, news

March 2, 2016


Why China’s fintech will change how the world thinks about banking

By Zennon Kapron for Forbes

With digitalization and FinTech high on the banking agenda, the disruption of financial services looks like a given. The question, however, is where will the real change come from. Will it be blockchain, real-time settlement, the highly competitive payment space, crowdfunding, or P2P lending? (more…)

Analytics, Fintech news, news, SME

March 2, 2016


The Case for Ripple in the Age of Big Bank Blockchains

By Pete Rizzo for

Given its early emphasis on distributed ledgers in what was then widely described as the digital currency ecosystem, Ripple has long held a unique market position in the industry. In the age of “blockchain”, the startup remains one of the few holdouts to describe its offerings as “distributed financial technology”. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

March 2, 2016


Stripe Atlas’ hidden benefit: unlocking US VC money to startups everywhere

By David Corbin for techinasia

“If you were Stripe, what would you do in Asia?” His voice was steady, polite. (more…)

Fintech news

March 1, 2016


China’s mobile payment revolution is going to Africa

By Claire van den Heever for The World Post, a partnership between Huffington Post and Berggruen Institute,

CAPE TOWN, South Africa — With the launch of Apple Pay in mainland China on Feb. 18, Apple has become the first foreign player to secure a place at the table for China’s enormous mobile payment market. The company will be battling for market share with e-commerce giant Alibaba’s Alipay and Tencent’s WeChat Wallet, which dominate China’s mobile payment arena. (more…)

China, Fintech news, Mobile payments/banking

March 1, 2016


D+H: 2016 will see blockchain solutions reach banking consumers

By Daniel Palmer for

DH Corporation (D+H), a Canada-based provider of technology solutions to financial institutions, recently announced the integration of a proprietary blockchain solution with its payments hub, Global PAYplus.


Blockchain, Fintech news, Global trends

March 1, 2016


The hot e-commerce app Wish has “hundreds of millions of users” (plus other fascinating stats)

By Connie Loizos for techcrunch

Last week, toward the end of a StrictlyVC event in San Francisco, GGV Capital managing director Hans Tung took the stage to interview one of his portfolio CEOs, Peter Szulczewski of Wish. With an increasingly boisterous crowd as their background, Tung managed to ferret out lots of fascinating  information from the highly personable Szulczewski, who looked very much the part of busy founder. (Blood-shot eyes, rumpled clothing.)


Fintech news, Global trends, InspirAsia

March 1, 2016


Two of the Most Powerful Women in Finance Are Joining Forces

By Valentina Zarya for Fortune

Both are veterans of the nation’s biggest banks. (more…)

Fintech news

March 1, 2016


Accounting software Jurnal from Indonesia raises series A

By  for TechinAsia

Jurnal is a web-based accounting software for small and medium enterprises, based in Indonesia. Today the startup announced it raised a series A round of investment led by East Ventures. Fenox VC and angel investor Budi Setiadharma were also part of this round. The amount raised was not disclosed. (more…)

Fintech news

March 1, 2016

FinTech Companies Scored Almost a Billion in Financing in March 2016

By Sofia for LetsTalkPayments

January and February 2016 were quite fruitful for FinTech as in the first month of the year, the industry attracted an extra $7 billion and the second month brought almost $1.5 billion. As the month of March comes to an end, let’s look at how it has treated FinTech around the world so far. (more…)

Fintech news

March 1, 2016


Golden Gate Ventures: the upcoming rise of M&A in ASEAN

By Liz Lee for DealstreetAsia Magazine,

Singapore-based early-stage venture capital firm Golden Gate Ventures foresees the pace of mergers and acquisitions (M&As) in Southeast Asia catapulting, as more institutional funds, protectionists economic policies and global funds look to expand their footprint in the region. (more…)

Analytics, Fintech news, Hong Kong, Indonesia, InspirAsia, Malaysia, Myanmar, Philippines, Singapore, Vietnam

March 1, 2016


Life.SREDA VC opened a coworking & art gallery in the heart of Singapore.

By Yon Heong Tung,

Singapore-based fintech VC firm Life.SREDA has announced the launch of its new co-working space at the heartland of innovation in Singapore–Block 79 Ayer Rajah Crescent. (more…)

Fintech news, Hotnews, InspirAsia, news, SME

March 1, 2016


IBM Exec Elected Chair of Hyperledger Blockchain Committee

By Stan Higgins for 

An IBM executive has been named as the chairman of the technical committee for the Hyperledger Project, the open-source blockchain initiative launched late last year under the umbrella of the Linux Foundation. (more…)

Blockchain, Cashless, Fintech news

March 1, 2016


Hong Kong robusts its fintech ecosystem

By Joseph Bradley for

HK$17B has been pledged by the financial secretary of Hong Kong to begin building the key infrastructure necessary to support a thriving Fintech and tech center in the city. (more…)

Blockchain, China, Fintech news, Hong Kong

February 29, 2016