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802

PayPal Co-Founder’s Affirm Raises $100 Million To Reinvent Credit

By Leena Rao for Fortune

Affirm will use the funding to launch new services and for M&A. (more…)

Deals, Global trends, p2p-payments

April 13, 2016

1522

Are payments necessary?

By  for techcrunch.com

For years, payments has been one of the hottest areas in fintech, and everyone has been lining up to join the party. Now, hands-free innovations are paving the way for a new generation of payment innovations. (more…)

Cashless, Fintech news, Global trends, InspirAsia, p2p-payments

April 1, 2016

1023

Debt market opens to P2P loans

By Sara Toth Stub for Tradestreaming

Last week British investor Fintex Capital issued the first Euro-denominated bond backed by marketplace loans. Like traditional bonds, it can trade through Euroclear and carries an International Securities Identification Number, but it is backed by a bundle of unsecured online loans to consumers, part of a rising phenomenon known as peer-to-peer, or marketplace lending. (more…)

Fintech news, Global trends, p2p-payments, p2p/online lending

April 1, 2016

905

Deals: Online lender Kreditech closes out Series C at $103M after getting $11M from the IFC

By Ingrid Lunden for techcrunch.com

Kreditech — the German startup that offers loans and other financial services to consumers who have little or no credit history by using some 20,000 data points online to assess their suitability — has added another $11 million (€10 million) to its Series C round of funding. (more…)

Deals, Fintech news, Global trends, p2p-payments

March 24, 2016

1237

Deloitte Predicts Rise in Blockchain-Based Payments

By Charles Small for Bitcoinmagazine.com

Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Mobile payments/banking, p2p-payments

March 23, 2016

1285

How China is pioneering alternative finance and P2P lending

By Hariett Green for City AM,

The Asia-Pacific alternative finance market grew 323 per cent last year, to $102.8bn. China was responsible for 99 per cent of that, with four-fold growth to $101.7bn in 2015. (more…)

Banks, Cashless, China, Fintech news, Global trends, p2p-payments, p2p/online lending

March 18, 2016

1640

Deals: Fintech startup Momo raises $28m from Standard Chartered’s VC arm, Goldman Sachs

By Judith Balea for Techinasia.com

Vietnam-based fintech startup Momo today announced it obtained US$28 million in series B funding from Standard Chartered Private Equity and global investment bank Goldman Sachs, which is an existing backer. (more…)

Cashless, Deals, eWallets, InspirAsia, p2p-payments, Vietnam

March 18, 2016

1173

LendingClub and the limits of FinTech disruption

By Aaron Back for wsj.com

LendingClub’s new arrangement with its partner bank is a reminder that FinTech can’t disrupt everything. (more…)

Banks, Deals, Fintech news, p2p-payments, p2p/online lending

February 29, 2016

779

Deals: HNA Capital Leads $46M Series A Round In P2P Lender Weijinsuo

Beijing-based P2P (peer-to-peer) lending start-up Weijinsuo has completed a RMB300 million (US$46 million) series A round of financing led by HNA Capital Group Co., Ltd., the financial services arm of Chinese conglomerate HNA Group, according to an announcement (in Chinese). (more…)

China, Deals, Fintech news, p2p-payments, p2p/online lending

February 24, 2016

879

Mobile Payments on the rise

By Rani Molla for Bloomberg,
Back in 2012, the prospect of consumers paying for things using their phones seemed close at hand.  Analysts predicted explosive growth — to the tune of $60 billion in in-store “mobile proximity transactions” in the U.S. by 2016.

(more…)

Analytics, Cashless, Fintech news, Global trends, Mobile payments/banking, p2p-payments

February 22, 2016

1189

The State Of P2P Lending

by  for techcrunch.com

Peer-to-peer (P2P) lending became one of the hottest industries in fintech — or any other any industry — in 2015. Companies raised large venture rounds, investors found unicorns and there were even a couple of IPOs. (more…)

Cashless, Fintech news, p2p-payments, p2p/online lending

February 22, 2016

978

More P2P trouble as Chinese online lender accused of impersonating Jack Ma

By C.Custer for Techinasia.com

Before the lunar new year holiday, China’s massive online P2P lending market was somewhat in disarray. A cloud of doubts were crystallized when a police investigation of Ezubao, previously one of the scene’s top companies, discovered it was a Ponzi scheme. Banks started cutting off ties to the sector, and regulators were circling. The holiday offered a brief respite, but the return to business in China has brought with it more bad news for the sector. (more…)

Cashless, China, Fintech news, p2p-payments, p2p/online lending

February 16, 2016

668

China’s P2P lending crisis: second major bank pulls support for payment to P2P lending sites

By C.Custer for TechinAsia.com

On Monday, I wrote that the high-profile Ezubao Ponzi scheme case was likely to have a negative impact on China’s entire P2P lending industry. It looks like that’s already happening. On Wednesday, Sina Tech reported China Merchants Bank has notified third-party e-payment platforms that starting Friday, it will no longer support payments to P2P lending services. (more…)

China, Fintech news, InspirAsia, p2p-payments, p2p/online lending

February 4, 2016

1012

Nigerian Fintech company Interswitch is the African first public startup unicorn

Africa’s first billion-dollar tech IPO on a major exchange may be imminent. Nigerian digital payments company Interswitch will likely go public on the London Stock Exchange (LSE) in 2016, sources confirm.

(more…)

Fintech news, Mobile payments/banking, p2p-payments, p2p/online lending

January 28, 2016

677

Social Investing Startup SprinkleBit Raises $10M

By Anthony Ha for Techcrunch.com

SprinkleBit, a startup that helps you invest with guidance from friends and experts, has raised $10 million in new funding from GTC. (more…)

Cashless, Fintech news, p2p-payments

January 27, 2016

719

PayPal Shares Up 6% On Earnings; Revenue Rises 17%

By Katie Roof for Techcrunch.com,

PayPal reported earnings after the bell Wednesday, and the stock quickly ticked up 6% in after hours trading. (more…)

Cashless, eWallets, Fintech news, news, p2p-payments

January 27, 2016

804

UK is the fourth most digital-ready country, according to Citigroup and Imperial College London

Report highlights progress in digital money adoption, explores the role of culture and human behaviour as drivers to change (more…)

About, Banks, Cashless, Fintech news, news, p2p-payments

January 26, 2016

862

Lydia Becomes A Serious Alternative To Cash To Pay Back Your Friends In France

By Romain Dillet for techcrunch.com

French startup Lydia has come a long way. When I first covered it two years ago, it wanted to become a sort of Venmo for France. Now, Lydia tries to cover a wide array of use cases when it comes to sending or requesting money. Today’s update goes one step further. (more…)

Cashless, Fintech news, p2p-payments, Remittances

January 25, 2016

725

The Evolving Nature Of P2P Lending Marketplaces

By Matt Heiman for Techcrunch.com,

In March 2014, The Economist publishedBanking without banks, declaring that peer-to-peer (P2P) lending platforms were set to disrupt banks and other traditional sources of capital by directly connecting borrowers to individual lenders. (more…)

Fintech news, Global trends, p2p-payments, p2p/online lending

January 24, 2016

1246

Portal lets maid take control of earnings sent home to Philippines

By Joanna Seow,

Remitting money home is sometimes a frustrating exercise for Filipino maid Nilda Sesaldo, 37.

(more…)

Fintech news, p2p-payments, Philippines

January 24, 2016

Lufax Completes Fundraising, Valuing Company at $18.5 Billion

By Bloomberg News,

Lufax, a Chinese peer-to-peer lender and broker, has secured its position as the world’s most valuable financial technology startup by completing a fundraising that it said values the company at $18.5 billion. (more…)

Cashless, China, Fintech news, Mobile payments/banking, p2p-payments, p2p/online lending

January 18, 2016

848

Deals: P2P mobile payments app Kashmi rakes in US$500k seed round

Kashmi, a Singapore- and Sri Lanka-based startup that facilitates peer-to-peer payments, announced today that it has locked in funding of S$700,000 (US$497,000). (more…)

Deals, Fintech news, news, p2p-payments, Singapore

January 15, 2016

823

TransferWise and YouGov report: “How Tech is democratizing the Financial services sector”

By  for Crowdfundinsider.com

Almost one third of Americans are likely to be using a technology provider and not a bank for the majority of their financial services activity in just five years time, according to a new report launched by TransferWise, the peer-to-peer international money transfer platform. (more…)

Analytics, Fintech news, Global trends, Hotnews, p2p-payments, p2p/online lending

January 13, 2016

727

The Peer-to-Peer Loan Industry Has Been Getting Slammed

By Tracy Alloway for Bloomberg.com

So far, 2016 has not been a good year for peer-to-peer, or marketplace, lenders. (more…)

Analytics, Fintech news, p2p-payments, p2p/online lending

January 13, 2016

740

Deals: P2P Start-Up Duanrong Completes $59M Series B Round

Chinese P2P (peer-to-peer) lending start-up Duanrong has completed RMB390 million (US$59 million) series B round of financing from pharmaceutical company Furen Group, according to announcements (in Chinese) posted on the company’s Weibo account. (more…)

China, Deals, Fintech news, Mobile payments/banking, p2p-payments, p2p/online lending

January 12, 2016

804

CurrenSeek helps travellers find the best currency exchange rates

By Yon Heong Tung for e27

Malaysia-based startup Intuitive Asset says that it works by bypassing wholesale bank rates and allowing users to crowdsource updated rates (more…)

Cashless, Fintech news, p2p-payments, Remittances

January 7, 2016

Alibaba’s Finance Arm Said to Seek at Least $1.5 Billion

By Bloomberg news,

Alibaba Group Holding Ltd.’s finance affiliate is seeking at least 10 billion yuan ($1.5 billion) in a second round of fundraising ahead of a planned initial public offering, a person familiar with the matter said. (more…)

Deals, Fintech news, p2p-payments

January 4, 2016

1743

PayPal IPO Vs Stripe Future

VentureBeat: PayPal started trading on the Nasdaq this morning at $41.46 per share. As an independently traded company, Paypal is already valued at roughly $50B. Compare that with eBay’s market cap of about $33.64B. After spinning off PayPal, eBay’s stock was trading down at $26.89 this morning. (more…)

Deals, Fintech news, Mobile payments/banking, news, p2p-payments, POS/mPOS and online acquiring

July 21, 2015

1765

Singapore’s Fintech Startup Fastacash Raises US$15M in Series B

Fastacash, a Singapore-based fintech startup, yesterday announced a $15 million Series B funding round by Life.SREDA VC, Rising Dragon, UOB Venture Investments, and others. The company previously raised $8.5 million.

(more…)

Deals, Fintech news, Hotnews, InspirAsia, p2p-payments, Singapore

July 14, 2015

1664

The hottest European fintech startups in 2015

EU-STARTUPS: In the last decade, there were a bunch of really successful fintech companies that started in Europe. Companies like Klarna, Adyen or Transferwise (to name just a few) changed the way we do payments or the way we transfer money overseas. By pursuing radical new concepts, these fintech startups became some of Europe’s most valuable companies within just a few years.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks, news, p2p-payments, p2p/online lending, POS/mPOS and online acquiring, Remittances

July 10, 2015