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Beyond Amazon and Alibaba: what’s next for e-commerce?

By TC

How do you outsmart an 800 lb gorilla?  E-commerce retailers in the two biggest markets – China and the U.S. – grapple with this question every day. (more…)

Fintech news, Global trends, Hotnews

August 21, 2017

N26 now has 500,000 customers for its bank of the future

By Romain Dillet for TechCrunch

Fintech startup N26 is getting more and more customers. The company reported 300,000 customers back in March. It now has 500,000 customers across Europe. (more…)

Global trends, Hotnews, Mobile-first banks

August 21, 2017

142

PayPal Buys SME Lender Swift Financial

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. (more…)

Deals, Global trends, Payment processors/providers/gateways

August 17, 2017

Norwegian banks and startups form fintech cluster

More than 20 banks and tech companies in Bergen have aligned to create a fintech hub to push a global innovation agenda amid growing collaboration between banks and startups in Norway. (more…)

Accelerators/Incubators/Labs, Banks, Global trends

August 17, 2017

109

PayPal to open innovation labs in India

BY Paypal

PayPal is to open two new innovation labs in India to tap into the local talent pool and the country’s expertise in AI, data science, virtual reality and the Internet of Things. (more…)

eWallets, Global trends

August 17, 2017

192

182

LendingClub Reports Q2 Revenue Growth, Raises 2017 Outlook

LendingClub (NYSE:LC) is out with Q2 numbers and the marketplace lending platform is showing a top line increase for the quarter and for the first half of the year. Loan originations in Q2 increased versus same quarter year prior as well. (more…)

Fintech news, Global trends, p2p/online lending

August 9, 2017

279

The new wave of Brazilian SaaS innovators

By Diego Gomes for TechCrunch

The SaaS market in Brazil is booming. It mirrors the rapid adoption of SaaS as the dominant cloud computing type in a global public cloud services market that’s forecast to reach more than $122 billion in 2017, per research firm IDC. Earlier this year, we embarked on an inaugural survey of more than 400 executives of Brazil-based SaaS companies, the largest research project of its kind in the region. (more…)

Global trends

August 9, 2017

2091

Global fintech investment rebounds in Q2 2017

By KPMG

Total global fintech investment more than doubled quarter over quarter in Q2’17 to US $8.4 billion, up from US$3.6 billion in Q1’17, according to the KPMG Pulse of Fintech report. (more…)

Analytics, Global trends, Hotnews

August 9, 2017

436

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

472

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

449

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

412

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

614

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

221

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

225

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

217

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

235

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

220

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

168

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

265

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

1104

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

417

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

696

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

1894