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776

Establishing Trust In The Bitcoin Ecosystem

TECHCRUNCH: On October 31, 2008, Satoshi Nakamoto proposed “a system for electronic transactions without relying on trust.” Yet, it can be fairly argued that trust, or a lack thereof, has been at the heart of the troubles in the bitcoin ecosystem since that day. While the technology has been and continues to be robust, the failure of a few individuals to meet their fiduciary or legal obligations has maligned bitcoin’s image and damaged its relationships with consumers. (more…)

Cryptocurrencies, Fintech news, news

April 16, 2015

1674

Jawbone’s $200 UP4 Fitness Tracker Lets Amex Users Make Payments

THE NEXT WEB: Jawbone has announced that its new UP4 fitness tracker which monitors users’ activity, sleep, heart rate and also allows payments via American Express. The $200 wrist-worn device lets users with an eligible American Express Card connect their accounts with Jawbone’s app and tap the UP4 on a store terminal to pay for their purchases. (more…)

Fintech news, Mobile payments/banking, news

April 16, 2015

562

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

1316

Mobile money: why isn’t the M-Pesa effect hitting more countries?

THE GUARDIAN: Access to financial services via mobile phones has proven to be a huge boost to development. Why aren’t more countries following Kenya’s success? (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

April 16, 2015

498

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

600

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

598

Now It’s Easier Than Ever To Invest In Stocks For Social Good

FAST COMPANY: With a new online brokerage aimed at millennials, you can pick a theme—like “Improve Education” or “No Glass Ceiling”—and invest. The catch is you’ll still be supporting big, conventional conglomerates. (more…)

Fintech news, news

April 15, 2015

605

Harnessing AI To Make Your Boring Bank Statements Useful

WIRED: Old-school financial institutions are typically slow-moving giants. And that’s a shame, because banks also tend to accumulate deep troves of data on their customers that goes mostly untapped. If you’re a consumer looking for an answer to a specific question about your finances, tough luck. Your usual recourse would probably involve a lot of digging through bank statements and bank website pages, or endless hours on the phone with a customer service rep.  (more…)

Fintech news, news

April 15, 2015

694

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

474

SecondMarket Sets Up Transfer Facilities For Startups To Manage Secondary Sales

TECHCRUNCH:  SecondMarket, the secondary transaction manager whose involvement in Facebook’s pre-public offering fire sale of shares arguably hurt the social network’s eventual initial offering, is now launching a new product to put more control over secondary sales in the hands of startups. (more…)

Fintech news, news

April 14, 2015

571

Shopify Files To Go Public On Q1 Revenue Of $37.3M And A Declining Net Loss

TECHCRUNCH:  Shopify has filed an F-1 document, indicating that it will sell shares to the public market. The company indicates in the filing that it will raise $100 million in its IPO. However, that figure is often given by companies as a place holder. Shopify has raised $122 million to date. (more…)

Fintech news, news

April 14, 2015

469

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

622

How Bitcoin Could Revolutionize Remittance In Africa

THE NEXT WEB: A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash. (more…)

Cryptocurrencies, Fintech news, news, Remittances

April 13, 2015

560

Startupbootcamp Announces Top 10 FinTech Startups To Join Its Singapore Program

TECHINASIA: It was an especially good weekend for the 10 startups who qualified for the Startupbootcamp FinTech program in Singapore. During a special event on Saturday, the FinTech accelerator chose the finalists out of a selection process that lasted six weeks and saw 300 applications coming in. (more…)

Fintech news, InspirAsia, news, Singapore

April 13, 2015

574

Co-Foundry & Plug and Play establish fintech accelerator

DEALSTREETASIAThe Co-Foundry (TCF), a Singapore-based venture accelerator and a co-working space, has launched a fintech accelerator, together with the Silicon Valley accelerator Plug and Play (PnP). (more…)

Fintech news, InspirAsia, news, Singapore

April 13, 2015

871

Singaporean Investments In Myanmar See Significant Increase

DEALSTREETASIA: The amount of FDI flowing into Myanmar from Singapore has seen a significant increase in recent years. Investment by Singapore organisations in Myanmar has risen 41.5 percent from 2012, hitting $311.4 million in 2013, with a focus on urban development, connectivity and finance, according to Lai Shu Ying, the Southeast Asia director of International Enterprise (IE) Singapore. (more…)

Fintech news, InspirAsia, Myanmar, Singapore

April 13, 2015

553

Meet The New Foreign Funds Betting Big On The Indian Internet Space

E27.CO: Internet is one of the hottest and the most sought-after sectors in India that saw VCs pouring in billions of dollars of investments as of late. The success stories of homegrown giants such as Flipkart, Snapdeal, Quikr, Urban Ladder and Ola are prompting foreign investors to throw some huge bucks into the market, although many of these companies are yet to achieve profit. (more…)

Fintech news, India, InspirAsia

April 10, 2015

468

Chinese Users Can Now Book And Pay For Karaoke Sessions Inside WeChat

TECHINASIAChina’s wannabe pop stars can now subject their friends to drunken renditions of Jay Chou tunes without carrying cash. WeChat, the popular messaging app owned by Tencent, announced yesterday it will incorporate karaoke services from inside the app. (more…)

China, Fintech news, InspirAsia, Mobile payments/banking, news

April 10, 2015

2096

Jorge Ruiz: Citi Looks To Build A Global Ecosystem for FinTech

FINEXTRAJorge Ruiz, managing director, Digital Acceleration Global Program Head, Citi sits down with Finextra to talk about the ongoing Citi Mobile Challenge and the development of a global ecosystem for FinTech. (more…)

Fintech news, Influences FinTech

April 10, 2015

735

PayPal Will Soon Be Free to Work With Amazon and Alibaba.

WIRED: As eBay and PayPal await their impending divorce, new filings reveal that the two companies will soon be free to do business with their most entrenched enemies. Under an agreement detailed in a regulatory filing from eBay, the companies will be free to do business with other marketplaces and payment providers. In other words, PayPal could one day come to Amazon.
(more…)

Fintech news, news

April 10, 2015

555

The CEO of America’s biggest bank is worried about Silicon Valley and Bitcoin stealing his business

MASHABLE: The man who runs America’s biggest bank can’t stop worrying about tech startups. (more…)

Fintech news, news

April 10, 2015

717

Debunking Myths Around Apple Pay Fraud

THE NEXT WEB: Last month David Bozin discussed how Apple Pay was highlighting crucial flaws in how banks deal with digital payments. This month, Judo CEO Dennis Jones explores fraud in m-payments and the myths surrounding it. (more…)

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

April 9, 2015

790

Google Wallet Adds New Integrations With Shopify, Seamless, Dunkin’ Donuts And More

TECHCRUNCH: Google has been stepping up its game in mobile payments the last several months, buying Softcard’s point-of-sale tech and making some international advances for its money transfer service. Today it’s adding another crucial piece to mix: some key integrations with merchants and merchant platforms. Customers that use Android apps from Dunkin’ Donuts and Seamless, and merchants that build online stores through Shopify, will now all be able to access Google Wallet to make and accept quick payments. (more…)

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

April 9, 2015

1776

Square Acquires Fastbite To Add Cheap, Fast Meals To Caviar

TECHCRUNCH: When Square bought food delivery startup Caviar last summer, it seemed like a strange acquisition for the payments company. But over time it’s become clear that Square is committed to competing in the increasingly crowded food-delivery segment. Thanks to its recent acquisition of San Francisco-based food delivery startup Fastbite, it’s adding a whole new option to Caviar that will reduce the cost of meals and time customers spend waiting for them to be delivered. By doing so, it will compete more directly with local food delivery services like Sprig and Spoonrocket. (more…)

Fintech news, news, POS/mPOS and online acquiring

April 9, 2015

961

Jamie Dimon’s Annual Letter To Shareholders

In his annual letter to shareholders this week, JP Morgan CEO Jamie Dimon warned investors and those in the banking industry that “Silicon Valley is coming.” (more…)

Analytics, Fintech news, Global trends, news

April 9, 2015

771

Alibaba steps up China online finance network push with new index, bank

REUTERS: Alibaba Group Holding Ltd (BABA.N) and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network, with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an internet bank. (more…)

China, Fintech news, InspirAsia

April 9, 2015

1832

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

720

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

615

An Algorithm to Make Online Currency as Trustworthy as Cash

WIRED: Through bitcoin and other digital currencies, so many activists, entrepreneurs, and opportunists are chasing the dream. They envision a world where we can trade money as easily as we trade data, where anyone can send and receive currency from any machine on earth, where our financial system is controlled not by big banks or big government but by the people. (more…)

Cryptocurrencies, Fintech news, news

April 8, 2015

1327

New Fintech Unicorn – Prosper!

WIRED: Online peer-to-peer lending platforms have surged in popularity by connecting people who want to borrow directly with people who want to lend. And now banks want in on the action. (more…)

Deals, Fintech news, p2p/online lending

April 8, 2015