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1307

Facebook Has Officially Declared It Wants To Own Every Single Thing You Do On The Internet

THE NEXT WEB: At Facebook’s F8 conference today, it unveiled a number of big new changes to its service that transforms Messenger into a platformexpands Facebook Video even further and offers deeper integrations than ever for developers. The changes are actually really cool and great news for developers — Facebook is finally turning Messenger into the hub for everything, like LINE and WeChat already did in Asia — but they also signal something much larger. (more…)

Fintech news, news

March 26, 2015

1406

Amazon’s New Unlimited Cloud Storage Is Absurdly Cheap

WIRED: The steady march towards cheaper cloud storage has just turned into a sprint. Rather than being merely competitive with leaders like Google Drive, Dropbox, and iCloud, Amazon has decided to undercut their pricing by more than half. In some cases, much, much more. (more…)

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

March 26, 2015

1474

1054

Internet Of Things Accelerator Seamless Opens Doors In Michigan

TECHCRUNCH: The West Coast of Michigan is a haven for industrial designers and is home to the world’s most iconic furniture manufacturers: Steelcase and Herman Miller. That’s because Michigan builds things. Soon there will be a new accelerator that will help young companies do just that. The accelerator program, called Seamless, targets early-stage hardware companies and gives them access to capital and, more importantly, experience in the field. Grand Rapid’s early-stage, venture capital fund Start Garden is behind the program and has enlisted the help of the region’s biggest companies.

(more…)

Fintech news, Influences FinTech, news

March 26, 2015

1183

Indian fin-tech startup Artoo gets US$500K funding

E27.CO: Bangalore-based Artoo IT Solutions, a startup that offers customer relationship management solution to banks and financial institutions, has secured US$500,000 in funding from seed-stage investor Accion Venture Labs and Rianta Capital Zurich’s impact investment unit Artha Initiative. The startup will use the capital to enhance its product functionality, build team and scale operations globally. (more…)

Deals, Fintech news, India, InspirAsia, news

March 26, 2015

1494

Alt Credit Score Startup, Aire, Raises $1.1 Million

FINOVATE: London-based Aire.io, the startup that is democratizing credit scores for people with thin or no credit files announced a $1.1 million round of funding today. (more…)

Deals, Fintech news, news

March 25, 2015

1281

Kickstarter Gives Project Pages A Beautiful Facelift

FAST COMPANY: Since 2009, the crowdfunding platform Kickstarter has nurtured great ideas. But once a project reaches its funding goal, it can get lost in the mix, and its Kickstarter page becomes a shell of its former self. Spotlight, launching today, is Kickstarter’s attempt to extend the life of a project beyond the funding stage. It gives the creators of successful projects a way to shape their story and image the way any company might market an important new product. (more…)

Crowdfunding/investing, Fintech news, news

March 25, 2015

1283

Google Will Reportedly Let You Pay Bills In Gmail Later This Year

THE NEXT WEB: Pretty much everyone gets their bills by email nowadays, but what if you could pay right from your inbox too? Google is apparently working on that, according to a report by Recode. The tool is currently dubbed Pony Express. It’s likely that won’t end up being the final name, but we can hope. (more…)

Fintech news, Mobile payments/banking, news

March 25, 2015

2642

ShopKeep Buys Payment Revolution, Adds Payment Processing To Its Point Of Sale Solution

TECHCRUNCH: ShopKeep (cash-register & mPOS) bought payment processor company Payment Revolution and is going to add payment processing to its current POS offer

(more…)

Deals, Fintech news, Mobile payments/banking, Mobile-first banks, POS/mPOS and online acquiring

March 25, 2015

1760

Yuri Milner’s Unparalleled Global Tech Gold-Mining Machine

FORBES: How a Russian investor Yuri Milner established his “gold-mining machine” (firm DST) and why he believes that the future belongs to Asia. China lifted Milner up from ranked 35 to 20 in the Forbes ranking of the best investors. Investments in Alibaba and smartphone vendor Xiaomi opened Yuri Milner’s way to the Forbes’ top 20 investors. In the past year the entrepreneur preferred China to the US.

(more…)

Analytics, China, Fintech news, Global trends, InspirAsia, news

March 25, 2015

1206

Google Working on Project to Let You Receive and Pay Bills Directly Inside Gmail

RE/CODE: Google’s mission to organize the world’s information is now targeting your physical mailbox. The company is currently working on a project that will allow Gmail users to more easily receive bills in their email inbox instead of their mailbox. Called Pony Express, the service also is designed to let people pay their bills within Gmail, rather than having to go to a telecom or utility company’s website to complete a payment. (more…)

Fintech news, news

March 24, 2015

1470

Roman Abramovich Leads Investment in Israel’s iAngels

GLOBES: iAngels has developed a model for investment of small amounts in start-ups, based on experienced investors. Russian billionaire and Chelsea FC owner Roman Abramovich continues to invest in Israeli start-ups: through Millhouse Capital, his investment company, he has led a $2.25 million investment in iAngels, a company started by entrepreneurs Mor Assia and Shelly Hod-Moyal. They founded iAngels in early 2014, and developed a model for investment of small amounts in startups, based on experienced investors. The company raised several hundred thousand dollars in the past, with the new investment making a total of $2.6 million raised by the company to date.

(more…)

Crowdfunding/investing, Deals, Fintech news, news

March 24, 2015

1331

Motif Investing Partners with Pacific Life to Offer Cause-Based Investing

FINOVATE: Online thematic investment brokerage Motif Investing has teamed up with Pacific Life to provide millennial investors with an opportunity to invest in the social causes they care most about. Four new motifs will be offered, each including stocks from major U.S. companies that have made significant contributions to charities and foundations focused on issues ranging from education and human rights to fighting poverty and cancer. (more…)

Crowdfunding/investing, Fintech news, news

March 24, 2015

1409

Lendio Raises $20 Million in New Funding to Help Finance Small Businesses

FINOVATE: Runa Capital has announced its participation in a $20.5M funding round of the American SME-lending platform Lednio. The round included participation by some large VCs, namely, Napier Park Financial Partners and Blumberg Capital. Lendio plans to use the capital to develop its SME-lending product, marketing and to expand its partnership program. According to the company’s representatives, it’s the third venture round for Lendio. The company has raised a total of $31M since 2011. Runa Capital joined the pool of its investors in 2013.

(more…)

Deals, Fintech news, news, p2p/online lending

March 24, 2015

1317

How Apple Pay Exposes Security Flaws In Banking

THE NEXT WEB: With Apple Pay coming out, it seems as if there is a whole new technology that has just been released. In reality, NFC payments have been around for a while, but Apple is the platform that has enough user adoption that will actually result in mass adoption. Thus far, we have seen just the start, with further tech such as the Apple Watch supplementing further growth. (more…)

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

March 24, 2015

1465

Stripe Launches Major API Update To Help On-Demand Startups Go Global

THE NEXT WEB: Stripe, the payment company that’s quietly building the best way to pay people online, hastoday launched a major API update to its Connect API. The new API builds on what the company learnt from modern “platform” companies such as Instacart, Shyp and Lyft, that employ many ‘sellers’ to get their work done. (more…)

Fintech news, news

March 24, 2015

1681

OpenTable For Android Now Lets You Pay For Meals From Your Phone

VENTUREBEAT: Android users can now pick up the check for dinner with a little extra panache. Restaurant booking app OpenTable has long promised a mobile payments option, and today it’s coming to Android users.

(more…)

Fintech news, news, Pre-order services

March 24, 2015

3385

Skrill Bought by Rival Payments Provider Neteller for €1.1 Billion

FOREXMAGNATES:  Optimal Payments Plc (LSE: OPAY), the group behind the popular NETELLER payment solution, has just revealed it would buy rival Skrill Group (Sentinel Topco Ltd) for a sum of about 1.1 billion euros in order to expand its online services.  Skrill is one of the largest online pre-paid cards providers in Europe with its paysafecard brand. Its shareholders include CVC Capital’s Sentinel Group Holdings SA, Investcorp Technology Partners and others. Back in August 2013, CVC acquired a controlling stake in Skrill for €600m from Bahrain-based Investcorp.

(more…)

Deals, eWallets, Fintech news, Hotnews

March 24, 2015

1418

Square’s $Cashtags let you pay people and businesses anywhere easily via the Web

THE NEXT WEB: Square introduced Square Cash in 2013 to go against Venmo as an easy payment system anyone can use to send some money over to friends and families. Turns out companies liked the idea too, so Square has now made Cash available for businesses in the US. As with Cash for consumers, payments are deposited directly into bank accounts with an intermediary holding account. Square is charging businesses a 1.5 percent fee (value of transaction being limited to $250 per transaction and $2500 per month) for the service – just over half the 2.75 percent it charges for payments via its hardware devices. Non-business money transfers are still free. (more…)

Fintech news, news, p2p-payments

March 24, 2015

1130

Get ripped or die mining: How FitCoin can make you a BitCoin fortune at the gym

THE NEXT WEB: This year, the crown for digital currency novelty could go to a development studio based in Austin, Texas for its FitCoin app. While most other cryptocurrencies require some sort of ‘mining’ to generate the currency, FitCoin relies on fitness tracking. (more…)

Cryptocurrencies, Fintech news, news

March 23, 2015

1456

Golden Gate Ventures to raise $50m in second fund

DEALSTREETASIA: Early-stage fund Golden Gate Ventures (GGV) has upped its game in the venture capital space – raising around $50 million for its second fund. (more…)

Fintech news, Hong Kong, InspirAsia, news, Singapore

March 23, 2015

2332

Addressing last mile e-commerce logistics, payment issues in Indonesia

E27.CO: Echelon Indonesia to discuss measures needed to boost e-commerce in the island nation. Here’s what existing players are doing to build the ecosystem  (more…)

Fintech news, Indonesia, InspirAsia, news

March 23, 2015

2001

Disrupting Banking: The FinTech Startups That Are Unbundling Wells Fargo, Citi and Bank of America

CB Insights: Traditional banks are under attack from a number of emerging specialist startups. Here are the FinTech startups unbundling banking. (more…)

Analytics, Fintech news, Global trends

March 22, 2015

1645

Razorpay Offers Stripe-Style Payments Focused Squarely On Indian E-Commerce Plays

TECHCRUNCH: The rise of companies like FlipkartSnapdeal and Ola have put a spotlight on the e-commerce opportunity in India, where the growth of catchy businesses is being fuelled by consumer demand, improving Internet connectivity and generous VC funding. Now, a new startup called Razorpay — part of the current Y Combinator class — is hoping to ride that trend, by giving more startups and larger tech companies in the country the ability to make it easier to integrate payments into their services. (more…)

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

March 22, 2015

1464

Online Lender Avant Acquires Debt Management Service ReadyForZero

TECHCRUNCH: Online lending platform Avant has acquired ReadyForZero, a Y Combinator-backed startup that helps consumers better manage their personal debit and credit using online financial software, the companies are announcing this morning. Financial terms are not being disclosed, but Chicago-based Avant had plenty of funds to play around with, having raised$334 million in equity capital, in addition to nearly a billion in debt.

(more…)

Fintech news, news, p2p/online lending

March 21, 2015

1237

Amazon Is Reportedly Working On a ‘Prime For Apps’ Subscription Service

THE NEXT WEB: While Amazon has worked hard to promote its Android app store, let’s face it: if you’re not on Fire OS, you’ll use the Google Play Store almost all the time. But it looks like Amazon may have a trick up its sleeve to get users onto its marketplace instead. According to a report by TechCrunch, based off apparently leaked documents, an Amazon ‘Unlocked’ subscription will provide a range of apps and related in-app purchases free of additional charge. TechCrunch describes it as Amazon Prime for apps. (more…)

Fintech news, news

March 21, 2015

2798

Exclusive: Russian VC Life.SREDA moving HQ to Singapore, targets $100m second fund

DEALSTREETASIARussia’s economic slump is set to boost the fledgling financial services technology (Fintech) startup ecosystem in Singapore and South East Asia. Moscow-based venture capital firm Life.SREDA, that focuses exclusively on investments in Fintech mobile and internet projects, is pivoting to Asia, and moving its corporate headquarters to Singapore, executives aware of the developments told DEALSTREETASIA. (more…)

Fintech news, Hotnews, InspirAsia, news, Singapore

March 20, 2015

1489

Amazon Loses Its General Manager Of Payments Following Wallet Shutdown

TECHCRUNCH: Amazon’s VP and General Manager of Payments, Matt Swann, who most recently oversaw initiatives including Amazon’s Square competitor called Local Register and Amazon Wallet, has left the company, TechCrunch has confirmed. The move comes shortly after Amazon shut down its beta version of Wallet in January amid mediocre reviews, and an increasingly competitive landscape where Apple Pay and Google Wallet now dominate.

(more…)

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

March 20, 2015

1255

Chinese FinTech startup iMaibo is raising up to US$10M Series A

E27.CO: China’s iMaibo, a stock market app, has grown from 10,000 to 100,000 active daily users within nine months, brought on a new CEO and is looking to raise a Series A round of US$5-10 million (more…)

China, Fintech news, InspirAsia, news

March 20, 2015

1357

Intel Joins the Blockchain Technology Race, Forms Special Research Group

BITCOIN MAGAZINE: IBM and Intel establish departments on blockchain technology behind Bitcoin and other cryptocurrencies   (more…)

Cryptocurrencies, Fintech news, news

March 19, 2015