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2298

With Lydia, Pay For Your Online Purchases Using Your Apple Watch

TECHCRUNCH: Step by step, Lydia is unveiling its product strategy to handle all your payments. When I last covered the French startup, it was still mostly focused on growing its user base by providing a Venmo alternative for French users. But now, Lydia also lets you pay on e-commerce websites, starting with PriceMinister. The app is now also available on the Apple Watch so that you can just tap on your watch notification to order something online. (more…)

Fintech news, Mobile payments/banking, news

April 24, 2015

2505

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

1736

Cheddar Up Makes It Easier To Collect Money From Groups

TECHCRUNCH: Despite the shift away from paying with cash or check in favor of digital transactions in recent years, many smaller organizations, and even schools, still rely on old-school methods when it comes to collecting money from groups. Though it’s a hassle for both the organizer and the payer in the long run, checks are often easier than pointing users to online tools like PayPal or setting up websites with payment mechanisms built-in solely for the purpose of a one-time fundraising campaign, for example. A company called Cheddar Up wants to offer an alternative for group payments, while still making the process as simple for both parties as collecting checks or cash. (more…)

Fintech news, news, p2p-payments

April 23, 2015

1808

Previously Bootstrapped, GoFundMe Is Raising At A Valuation Of Around $500M

TECHCRUNCH: TechCrunch is hearing from a few sources that GoFundMe, a crowdfunding and fundraising startup, is seeking venture financing after bootstrapping the company since 2008. According to those sources, Accel Partners is in the mix, and one says they may be leading the round. Sources said the valuation is around $500 million, though one source said the valuation could that go beyond that. Sources said the deal has not closed yet, so as usual things could certainly change through the end of the funding process. (more…)

Crowdfunding/investing, Fintech news, news

April 23, 2015

2359

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

1886

Hong Kong’s Nest Partners With DBS Bank In New Fin-tech Accelerator

E27.CO: The accelerator will be housed in a ‘newly-renovated 5,000-sq-ft workspace in the heart of Wan Chai’, with applications open until July 1 (more…)

Fintech news, Hong Kong, InspirAsia

April 23, 2015

2354

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

1905

Mobile Money Transfers To Africa Expected To Hit $33 Billion This Year

PCWorld: The amount of money sent to sub-Saharan Africa via mobile services is expected to hit $33 billion this year, reflecting the increasing number of mobile phone users on the continent. There has been significant growth in mobile money remittances in Kenya, South Africa and Uganda recently but there has been stagnation in Nigeria, Africa’s largest telecom market by investment and subscription, according to WorldRemit, a global money transfer company. Still, Nigeria, which received $21 billion in 2014 via mobile money, accounts for two-thirds of remittances to the region. (more…)

Fintech news, Remittances

April 22, 2015

2033

The Twentysomething Brothers Behind a $3.6 Billion Payments Company

Inc.:  Sometimes the most stunning changes arise from the smallest of ideas. That’s the origin story of Stripe, the payments company that’s quietly eating the lunch of entrenched competitors in the $1.5 trillion global e-commerce payments industry. Founded in 2010 by wunderkind brothers John and Patrick Collison–serial entrepreneurs who hail from Limerick, Ireland–Stripe is making the digital payment process for smartphones and websites so pain-free, it’s practically invisible. (more…)

Fintech news, Mobile payments/banking

April 22, 2015

746

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

624

Alphaworks Equity Crowd-Funding Platform Rebrands To Quire

TECHCRUNCH: Alphaworks, the equity crowd-funding platform for startups and their communities, is today re-branding to Quire.com. CEO Erin Glenn said that the company was eager to get a .com domain and that ‘quire’ (a centuries old word that which means ‘folio’ or collection of single pages) was a perfect fit for what the platform represents. (more…)

Crowdfunding/investing, Fintech news

April 21, 2015

779

Robocoin, The Bitcoin ATM, Adds A Way To Send Cash Overseas

TECHCRUNCH:  Remittances – sending cash overseas – has always been bitcoin‘s killer app. Now the guys at Robocoin have made it more killer. Their new product, called Romit, is basically a way to send cash through a Robocoin ATM to another ATM or merchant account at fees far lower than other remittance providers. (more…)

Cryptocurrencies, Fintech news, news, Remittances

April 21, 2015

641

The Future of the Digital-only Bank

Money SummitIn the last few years “neobanks” such as Moven, Simple and GoBank have been born to create a frictionless digital experience. Fidor Bank has a similar mission, and their European banking license allows them to own all of their infrastructure and create a completely new paradigm. They even have plans to come to the US and Asia shortly. Fidor Bank believes it is the “Bank For The Digital People.” Here’s what Kroner said in our interview: (more…)

Fintech news, news

April 21, 2015

555

$10B Currency Cloud Launches in the US

BUSINESS WIRE: Currency Cloud, which provides international payments to businesses via an API, has expanded to the US, opening offices in New York. (more…)

Fintech news, news, Remittances

April 21, 2015

531

Paypal Wants You To Swallow Your Password

WIRED: PayPal has outlined a range of biometric solutions, including vein recognition, ingestible technology and computer chip tattoos, that could potentially replace the password. The importance of finding an alternative security standard the traditional password has never been higher, given the rise in mobile payment technology. Now PayPal’s global head of developer advocacy, Jonathan LeBlanc, has outlined some potential solutions in a presentation called “Kill all Passwords”. (more…)

Fintech news, news

April 20, 2015

582

Bitcoin Vs. Wall Street: A Love-Hate Story

TECHCRUNCH“First they ignore you…” For the first few years, there was no response from Wall Street. The Wall Street Journal didn’t mention bitcoin until a blog post in June 2011. As the bitcoin community waited, advocates and enthusiasts speculated as to why America’s financial strongholds weren’t talking about the digital currency. Did banks not take bitcoin seriously enough to acknowledge it or feel threatened by its potential? Were they passing it off as a trend or trying to censor it from mainstream adoption? Surely they weren’t oblivious to the new technology that was coming to eat their lunch. (more…)

Cryptocurrencies, Fintech news, news

April 20, 2015

547

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

724

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

2329

Payroll Startup Salarium Partners With Mobile Payment Firm PyxPay

E27.CO: Hong Kong-based payroll solution company Salarium has partnered with PyxPay, a mobile payment firm, in an attempt to increase its service offerings. With this, the former will have an e-wallet that can pay employees anywhere in the world. It also recently partnered with e-money providers in several ASEAN countries for local payments. (more…)

Fintech news, Hong Kong, InspirAsia, Mobile payments/banking

April 20, 2015

1064

This $1.5B Startup Is Making Health Insurance Suck Less

WIRED: In less than two years, Oscar Health, a New York City-based health insurance company, has already amassed 40,000 members, with its member-friendly plans and tech-driven approach. Now, the startup has landed another $145 million round of funding at a $1.5 billion valuation, which will help bring Oscar insurance to other cities across the country by the end of the year. While $1 billion-plus valuations are commonplace in the tech world these days, Oscar is one of a handful of startups that seems to have truly earned it. Oscar, which launched back in 2013, took on one of the country’s most entrenched and hairy markets—health insurance—and infused it with technology and user-friendly design. Now it’s generating around $200 million a year in revenue, according to CEO and co-founder Mario Schlosser. And that’s only in its existing markets in New York and New Jersey. (more…)

Fintech news, news

April 20, 2015

794

Google Wallet funds are now FDIC-insured

YAHOO FINANCE: Google is making a big change to its mobile payment service, Google Wallet, Yahoo Finance has learned. Funds that are left in Google Wallet will now be FDIC-insured, which means Google users’ money is now a whole lot safer — and they probably never even knew it. (more…)

eWallets, Fintech news, news

April 20, 2015

1709

The Year Of Mobile Payments

TECHCRUNCH: Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to send money to friends via Messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are already lagging 10 years behind. (more…)

Fintech news, Mobile payments/banking, news

April 19, 2015

558

Your Google Wallet Funds Are Now Insured

ENGADGET: The money in your bank account is typically covered by federal insurance, but your internet payment services typically aren’t. If PayPal or Venmo went belly-up, you’d probably lose your existing balance. That won’t be a problem if you’re using Google Wallet, though. Google is now holding your Wallet funds in banks with FDIC insurance, so your digital credit is now that much safer. This isn’t to say that rivals leave you completely vulnerable — PayPal has fraud protection, for instance. However, the Wallet move means that you won’t have to go to court to get your cash back if Google goes bankrupt, no matter how unlikely that is.

eWallets, Fintech news, news

April 19, 2015

980

Coin, The One Credit Card To Rule Them All, Is Finally Shipping

TECHCRUNCH: The Coin (promising to let you combine all your credit/debit/loyalty cards into a single piece of tech) has delayed for so long that you might have forgotten that you ordered one. In November of 2013, the YC-backed company blew past its $50,000 pre-order goal in forty minutes, but despite a promise of summer 2014 shipping, the company has yet to ship a product that wasn’t in beta. Until today. After a six-month beta program, Coin is finally ready to ship a finished product to the 350,000 people who have pre-ordered in the first two months of pre-order. (more…)

eWallets, Fintech news, news

April 18, 2015

1537

Apple Pay Is Reportedly Launching In Canada This Fall

THE NEXT WEB: Apple Pay is gearing up to expand outside US borders. According to a report by the Wall Street Journal, the company is currently in talks with Canada’s six biggest banks (Royal Bank of Canada,Toronto-Dominion Bank,Bank of Nova Scotia,Bank of Montreal,Canadian Imperial Bank of Commerce and National Bank of Canada) in preparation for a potential November launch in the country. (more…)

Fintech news, Mobile payments/banking, news

April 18, 2015

1043

New Startup Brings P2P Loans To Singapore’s Small Businesses

TECHINASIA: Meeting Capital Match co-founders Pawel Kuznicki and Kevin Lim, it feels like they are well on their way to bridge the gap between a technology company and big finance. Dressed in button-up shirts and dark trousers, I get the feeling they’re going to advise me about loans rather than discuss setting up a tech startup. It’s a good thing, then, that they are here to do both. (more…)

Crowdfunding/investing, Fintech news, InspirAsia, news, p2p/online lending, Singapore

April 17, 2015

2026

Fintech Startups Are A Threat To Banks. Here’s What Maybank Is Doing

TECHINASIA: When JPMorgan Chase CEO Jamie Dimon told the banks’ shareholders that Silicon Valley “[wants] to eat our lunch” – alluding to how tech startups are slowly taking away business from them – he’s not alone in that belief. Banks are feeling the heat from startups, which are working on various alternatives to traditional banking. Some banks are not taking it sitting down. (more…)

Fintech news, InspirAsia, Malaysia

April 17, 2015

847

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

707

Ripple Labs Hires Brad Garlinghouse As Its COO

TECHCRUNCHRipple Labs, which develops a payments protocol for value transfer over the Internet, has hired long-time Yahoo executive and former Hightail CEO Brad Garlinghouse as its COO.

(more…)

Cryptocurrencies, Fintech news, news

April 16, 2015

731

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