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2175

MOBILE PEER-TO-PEER PAYMENTS

By MBLM, the Brand Intimacy Agency

As has been well reported, the financial services industry is undergoing a dramatic transformation. FinTech (or financial technology) is changing the way we spend, save, sell, invest, and lend. From crowdfunding to personal finance, this $707B industry is growing, both in size and in scope. Peer-to-peer mobile payments are still a relatively modest $28B sector within this industry, but we believe they are on the cusp of mainstream adoption. (more…)

Cashless, Fintech news, Global trends, InspirAsia

April 11, 2016

Deals: Line plots $3b IPO, but may have a tough road ahead

By 

Rumors of an IPO for Line have been rumbling on for nearly three years. What was once thought to be a US$10 billion IPO could turn out to be a US$3 billion listing, according to areport today from Reuters affiliate IFR. (more…)

Deals, Fintech news

March 12, 2016

991

Deals: Snapchat Raises $175 Million From Fidelity at Flat Valuation

By ROLFE WINKLER and DOUGLAS MACMILLAN for WSJ

Messaging company still worth $16 billion in latest funding

(more…)

Banks, Deals, Fintech news, Global trends

March 7, 2016

1087

Deals: Migme raises $5m from Meitu to one-up Instagram and Snapchat in Asia

By Terence Lee for TechinAsia

Migme, which calls itself a “digital media company” for emerging markets, is many things. It’s a social network, a chat app, and a place to listen to music, engage with celebrities, and play games. (more…)

Deals, Fintech news, Global trends, InspirAsia

March 6, 2016

1190

NextGenVest Uses Snapchat To Send Money Tips To Millennial Students

By Mike Butcher for techCrunch.com

NextGenVest, a startup out of New York, is setting out to become a new kind of trustworthy financial entity. And to do that, it’s tackling a big problem. (more…)

Cashless, Deals, Fintech news

January 27, 2016

1237

Snapchat wants to manage your money

The social media service known for disappearing photos wants to manage your finances. (more…)

Fintech news

January 15, 2016

1067

Snapchat Is Raising Money From Alibaba at a $15 Billion Valuation

BLOOMBERG: Alibaba Group Holding Ltd. plans to invest in Snapchat Inc., the mobile application for sending disappearing photos, at a valuation of $15 billion, people familiar with the situation said. China’s biggest e-commerce company intends to invest $200 million, said the people, who asked not to be identified because the discussions are private.

(more…)

China, Deals

March 12, 2015

980

Alibaba, Prince Alwaleed Go In On Snapchat’s $500M Round

TECHCRUNCH: Snapchat, one of the ten most popular instant messengers in the world, has raised $200M from Alibaba Group and Saudi Arabian investor Prince Alwaleed Bin Talal at the valuation of $19B. Alibaba’s only weakness against its traditional rival – Chinese Tencent – is the lack of a strong position in the messaging market. With this investment (as well as the investment of $215M in Tango messenger last year) Alibaba is trying to strengthen its position in the market by diversifying assets and insuring itself against the negative effects of the growing popularity of instant messengers as a means for communication, shopping, financial transactions, etc.

(more…)

China, Deals, Fintech news, InspirAsia

March 11, 2015