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228

China Rapid Finance: 20 Million in Cumulative Loans Facilitated Since Marketplace Lending Platform Inception

China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace due to the fact that the number of facilitated loans has nearly doubled within the past six months from 10.7 million cumulative loans as of the end of 2016. (more…)

Deals, Fintech news, Global trends, p2p/online lending

July 11, 2017

218

Deutsche Börse makes $10 million investment in Trumid

Deutsche Börse has made a $10 million minority investment in electronic bond trading network Trumid. (more…)

Banks, Deals, Global trends, Hotnews

July 11, 2017

237

CompareAsiaGroup scores $50M from investors including IFC, Alibaba and Goldman Sachs

By Catherine Shu for Techcrunch.com

CompareAsiaGroup, which runs online financial marketplaces in seven Asian countries, has closed a $50 million Series B. The round was led by the International Finance Corporation (IFC), a member of the World Bank Group, and includes capital from new investors Alibaba, SBI Group and H&Q Utrust. Returning investors like Goldman Sachs Investment Partners, which led CompareAsiaGroup’s $40 million Series A in 2015, Nova Founders Capital, ACE & Company and Route 66 Ventures, also participated. (more…)

Fintech news, Global trends, Hotnews

July 11, 2017

212

Snap falls below its IPO price for the first time

By Katie Roof for Techcrunch

Oh Snap. (more…)

Fintech news, Global trends

July 11, 2017

321

Thomson Reuters Launches Blockchain Startup Incubator

In a recent press releaseThomson Reuters, the behemoth news and information company, announced the formation of a new startup tech incubator designed to help facilitate up and coming technological innovation including Blockchain. (more…)

Accelerators/Incubators/Labs, Blockchain, Fintech news, Global trends

July 10, 2017

Online Lender Dashu Raises 800 Million Yuan

By Cole Lyons

The Chinese Fintech Company, Dashu, has recently announced the completion of a 800 M Yuan ($115 M USD) series C round with some big names backing the company. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

July 10, 2017

150

N26 to bring Apple Pay to Spanish customers

By n26

When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. (more…)

Banks, Deals, Fintech news, Global trends, Mobile-first banks

July 10, 2017

135

India: Axis Bank in talks to buy digital payment platform FreeCharge

Axis Bank has emerged as the frontrunner to buy Snapdeal-owned mobile wallet FreeCharge, according to a report in The Economic Times citing three people aware of the development. (more…)

Banks, Global trends, Hotnews, InspirAsia

July 10, 2017

129

Stripe inks global partnerships with China’s Alipay, WeChat Pay

By Anna Irrera for Deal Street Asia

Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. (more…)

Cashless, Deals, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

153

Patterns In Startup M&A Processes

By Tomasz Tunguz from Redpoint Ventures for his blog

At some point in the life of your company, you may consider selling the business. Every acquisition process might run a little bit differently, but these are some of the patterns that I have observed after about nine years in the venture business, and also having evaluated a handful of acquisitions when I was at Google. (more…)

Deals, Fintech news, Global trends, Hotnews

July 10, 2017

Core Banking Provider Ohpen secures € 15 Million Series B financing at €100 million valuation

By Ohpen

Amsterdam, 4 July 2017, cloud-based core-banking provider Ohpen has secured a € 15 million Series B investment round led by private equity firm Amerborgh to accelerate international growth. (more…)

Banks, Global trends

July 6, 2017

168

Omise acquires online payment business Paysbuy from Thai operator Dtac

By Jon Russel for techCrunch

It isn’t often that you see startups buying chunks of large corporates, but that’s what has happened in Thailand this week. (more…)

Deals, Fintech news, Global trends, Payment processors/providers/gateways

July 6, 2017

New Milestone: Peer-to-Peer Lender Flender Celebrates First Wave of Successfully Funded SME Loans

By Samantha Hurst

The recently launched peer-to-peer lending platform, Flender, announced on Thursday it is celebrating the successful funding of its first batch of SME loans. According to the online lender, companies that received their requested funding include one of Europe’s fastest growing lingerie retailers, a café, and coffee roasting chain, a further education provider and developers of non-toxic disinfectant technology. (more…)

Fintech news, Global trends, p2p/online lending

July 6, 2017

Finextra charts the new payments landscape

Finextra’s European Payments Industry Insights Report tackles key questions about how ready Europe’s payments market participants really are for the unprecedented waves of change about to hit. (more…)

Analytics, Global trends

July 4, 2017

128

Banks Face $17B Brexit Bill

The Brexit could cost U.K. banks around $17 billion as they look to reshuffle various activities to different points in Europe, according to a study from the Association for Financial Markets in Europe. The study further notes that those costs will likely act as a weight on bank profits for the next several years. (more…)

Banks, Fintech news, Global trends

July 3, 2017

226

LendUp gets strategic investment from PayPal and adds to its executive team

By Ryan Lawler for Tech Crunch

LendUp has built business providing personal loans to customers that traditional financial institutions wouldn’t touch. As it looks to expand into credit cards and other services, the company has raised some strategic funding from PayPal and also has expanded its executive ranks. (more…)

Deals, Global trends, p2p/online lending

June 29, 2017

665

Non-Financial Blockchains – Where to Find Them

So far, Blockchain technology has been mostly implemented in real use cases in finance and the economy, while other spheres remained underexploited. But as time goes by, more and more projects begin cropping up in industries unrelated to finance. (more…)

Global trends

June 29, 2017

357

UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year. (more…)

Banks, eWallets, Fintech news, Global trends

June 29, 2017

Deutsche Börse Launches Fintech Hub

Deutsche Börse‘s Venture Network is seeking to help German startups by making the financing stage easier for both founders and investors. Their focus is on companies in the pre-IPO phase. This allows Deutsche Börse to support new companies with a true potential for a substantial impact on growth in both Germany and Europe. By focusing on companies in this stage rather than earlier, they can assure that the money invested is more likely to have a significant impact on the German market. (more…)

Accelerators/Incubators/Labs, Fintech news, Global trends, Government activities

June 29, 2017

582

Occupy Fintech: The Next Wave Of Mergers And Acquisitions, Rather Than New Startups

By Vladislav Solodkiy, Managing partner at Life.SREDA VC

Despite the slowdown in growth of fintech (in terms of new investments), the industry has been leading in the venture world over the past two years.  In addition, the slowdown is quite natural as the market is full of new ideas, technologies and players, and further evolution is the result of the development and consolidation of existing companies. Take, at the very least, the capitalization of fintech unicorns – their total value almost doubled in 2016 compared to 2015. (more…)

Columns, Deals, Global trends, Hotnews

June 29, 2017

1740

200

Ukraine Utilizing Blockchain in Land Transfers

The Ukrainian government is the latest in a string of governments and international groups around the world to implement Blockchain solutions to solve problems they’re facing in financial markets. (more…)

Fintech news, Global trends, Hotnews

June 26, 2017

EY Tackles Declining IPO Market: The Decline is So Significant it Warrants Policy Action

EY presented last week at the SEC Investor Advocacy Committee meeting. The topic of the morning discussion was the decline in IPOs. As part of the presentation a report by EY was distributed. (more…)

Analytics, Global trends

June 26, 2017

Doing The Heavy Lifting

By Fred Wilson from Union Square Ventures

Most venture capital investments are made, over time, by syndicates. This means a group of venture capital firms develops around a company, usually built over multiples rounds. Some of the firms in the syndicate agree to (or require) having a partner from their firm join the Board of the company. (more…)

Fintech news, Global trends, Influences FinTech

June 26, 2017

Amazon + Whole Foods = $1T

By Scott Galloway for Seekingn Alpha

Amazon’s (NASDAQ:AMZN) acquisition of Whole Foods (NASDAQ:WFM), should it close, is the white flag (the kind signaling one lap to go, vs. surrender) in Amazon’s march to a trillion. This transaction will be to retail what Facebook’s (NASDAQ:FB) acquisition of Instagram was to media – the deal everyone wishes they had done. Amazon will reach $1T in value in the next 36 months, at the expense of…everyone. (more…)

Fintech news, Global trends

June 26, 2017

191

Payoneer opens London office

By Payoneer,

Payoneer, a leading cross-border payments company transforming the way businesses send and receive funds globally, officially unveiled a new office today in London. (more…)

Global trends, Payment processors/providers/gateways

June 21, 2017

264

Oscar Health is headed back to New Jersey and branching out to Ohio and Tennessee

by  for Techcrunch

Oscar Health seems to be expanding rather than shrinking in the next year. Despite worries that the Affordable Care Act wasn’t working out for health insurance companies, Oscar has filed to expand in 2018, adding the states of Ohio and Tennessee, expanding in Texas and California and heading back to New Jersey, where it pulled out at the beginning of this year. (more…)

Global trends, Hotnews, Insurance

June 21, 2017

Watch Tim Cook, Jeff Bezos, and other tech execs give Trump advice on how to modernize government

On Monday President Trump met with his American Technology Council for the first time to discuss ways to “transform and modernize” the government’s use of IT services. The council includes Apple CEO Tim Cook, Microsoft CEO Satya Nadella, and Amazon CEO Jeff Bezos, among others. You can read some of the advice the tech execs gave Trump here, or now you can watch much of the meeting thanks to this 20-minute video the White House has released. (more…)

Global trends

June 21, 2017

210

Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel

By Steve O’Hear for Techcrunch

Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API

June 21, 2017

500

Should Startups Care About Profitability?

By Mark Suster from Upfront Ventures

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is whether profitability matters. (more…)

Columns, Fintech news, Global trends

June 20, 2017