Erin Hobey

Brief: BlackRock Enters Joint Venture with German Fintech Platform Youvestor

BlackRock (BLQA) has entered into a joint venture with Germany fintech robo-operator platform Youvestor, according to a press release. BlackRock is primarily aiming the venture to insurance agents, brokers and financial advisors,  distributing its products directly through Youvestor to both end-users and consultants. Mediators will enjoy complete customer and stock protection and obtain a… Read More

Armed with $200M in Lending Capital, Harmoney Launches in Australia

Now the New Zealand-based marketplace lender Harmoney has launched in Brisbane, Australia with over $200M in lending capital targeting the  40+ demographic , according to Australian Broker. Interest rates on the company’s unsecured loans start at 8.99% p.a. with no early repayment fees and the ability to borrow… Read More

SyndicateRoom Report: Millennials Twice as Likely to Embrace Early-Stage Investing

Online investment platform SyndicateRoom announced that millennials are twice as likely to embrace early-stage investing as a means of reaching their financial goals than those aged 51 and up. Over nine in ten (92%) investors aged 18–30 believe a portfolio of diversified early-stage equities would… Read More

Quick Q&A with Founder CH Pinhas as LOVE Turntable nears $670K on Kickstarter

Closing in on $670K, LA-based LOVE Turntable’s Kickstarter campaign easily surpassed its stretch goal with the help of over 1918 backers with 15 days remaining on the campaign. The startup flew past its initial goal within hours of launching its campaign which brings its smartphone-controlled turntable to… Read More

Got In? Now what? GoFundMe Posts Guidebook Utilizing Crowdfunding to Help Pay for College Tuition

According to student support organization College Board, published tuition fees for 2014/15 at state colleges are an average of $9,139 for state residents, and $22,958 for out-of-staters. $31,231 is the average tuition for private non-profit colleges, with Harvey Mudd College topping the list with $67,255…. Read More

PayPal Acquires Canadian Fintecher TIO Networks

 PayPal has gained ground  in the underbanked bill payment space by acquiring the North American processor TIO Networks for $233 million, according to a release. Founded in 1997 and still led by its CEO founder, Hamed Shahbazi, Vancouver-based TIO Networks serves underbanked customers utilizing an online and mobile… Read More

For the Love of Blockchain: Abu Dhabi Global Market + London Fintecher EquiChain

In the news again, Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to be a member partner of the industry working group, the Market Infrastructure Group, established by the London-based fintech company, EquiChain. The Group, comprising global industry & financial leaders,… Read More

Ayannah, DarcMatter, BIMA & Bambu Win Awards at Next Money Fintech Finals 2017

Singapore-based fintech startup Bambu was the winner of the Best Early Stage Startup Award at Fintech Finals 2017 in Hong Kong last month. Other highlights from the Fintech Finals 2017 included Ayannah winning the overall title, Best in Show, while DarcMatter won for Best Growth… Read More

CEOs Segal & Koota Comment on Artoo’s Partnership with Grameen Koota

Grameen Koota, a pioneer in rural lending, is expanding its product portfolio and venturing into individual lending for its rural customer base by partnering with fintech firm Artoo. Grameen Koota plans to develop a digital lending model to launch individual business loans utilizing Artoo’s intelligent digital platform… Read More

Royal Bank of Scotland Plans Edinburgh Fintech Accelerator

Royal Bank of Scotland has announced plans to open a fintech accelerator and relationship hub for startups at its Gogarburn headquarters in Edinburgh. For the past year, the bank’s newly-refitted Gogarburn building has been home to an Entrepreneurial Spark Business Accelerator Hub, including a ‘Hatchery’ for… Read More

US Fintecher Float Live, Fresh from $3M Angel Round

Float, a US fintech company that offers instant access to small dollar credit lines, launched today. Targeting thin-file millennials seeking more accessible and affordable credit, the LA-based company also announced that its $3M angel round raise from finance and tech industry veterans including Camp One Ventures, Funders… Read More

IOSCO: Fintech Regulators Should Foster International Cooperation & Information Exchange

Bank regulatory bodies need to coordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco). The Iosco Research Report on Financial Technology highlights the growing intersection between fintech and securities markets across a number… Read More

Walnut Syncs with TechProcess: Sending Money Instantly in India

Indian personal finance management apphttp://www.getwalnut.com Walnut has partnered with TechProcess Payment Services Ltd. (TPSL) to allow app users to freely transfer money across banks and cards. “Post demonetisation, number of digital payment transactions has risen up sharply in India,” commenting  Walnut CEO Amit Bhor. “We’re seeing a huge… Read More

Unicorn Spotting? MobiKwik Seeking Cash Infusion to Secure $1B Valuation

Mobile payments and digital wallet firm MobiKwik is reportedly  in talks to raise funding that would give the startup a $1 billion valuation, forging new ties with banks and offering new financial services on its growing platform, according to multiple news sources. Potential investor parties and sought funding… Read More

Groovin’: Moven App Launches in UK, Plans Additional European Growth

Up and running in just four weeks, Moven’s new UK self-monitoring finance app was announced at this year’s FinovateEurope. The company is currently establishing additional partnerships across Europe, eager to plan more speedy launches across the continent in the near future. The app provides a consolidated view of users’ financial information… Read More

Hello Muddah, Hello Fadduh: Greetings from Cryptography & Cybersecurity D.C. Summer Camp

Cryptography and cybersecurity studies are not just for college and graduate students. iD Tech, a leading STEM camp provider for kids and teens nationwide, has launched a Cryptography & Cybersecurity course for teens at four iD Tech Camps locations in the D.C. area. The summer course teaches students the… Read More

Student Micro-Financing Startup SlicePay Acquires P2P Lender Trustio

Lending startup SlicePay has bought Delhi-based P2P lending platform Trustio in an all equity deal which the former hopes will strengthen its team, product portfolio and infrastructure. Trustio, launched last year, enables alumni of a select number of colleges access to short-term credit sourced from their… Read More

Exclusive: LOVE Turntable Kickstarter Update & Stretch Goal

LOVE Turntable Inc.’s Kickstarter campaign is still going strong with the help of 1026 backers and counting, having raised over $346,870 since launching late last week.   The startup surpassed its goal within hours of launching its Kickstarter campaign which brings its smartphone-controlled turntable to market. Funding from the campaign will aid in… Read More

Sous Vide Success: Kickstarter Alum Anova Acquired by Electrolux

Anova Applied Electronics, Inc. announced its entering into an agreement to be acquired by global appliance company Electrolux (ELUX-B) for $115 million in cash up front and an additional $135 million, subject to adjustments and the achievement of certain financial objectives. “Our vision has always been… Read More

Update: Fintechers Walnut, Artoo & CreditVidya Comment on Founders of the Union Budget 2017

CEO and founders from India-based fintech platforms Walnut, Artoo and CreditVidya weighed in to comment on yesterday’s Founders of the Union Budget 2017 given by Finance Minister Arun Jaitley, noting its potential impact in increasing access of digital services and  building a more inclusive economy: “The Budget announcements are… Read More