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1215

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

1673

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

1361

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

2520

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

1150

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

942

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

1035

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

1212

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

2002

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

824

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

1654

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

928

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

840

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

918

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

867

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

1133

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

805

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

927

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

713

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

973

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

852

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

987

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

1438

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

858

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

846

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

2475

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

1046

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

820

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

1122

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

1153

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