December 20, 2016 @ 6:29 am By Erin Hobey  |  

This time of year is a natural time of reflection for most, and the fintech industry isn’t an exception.  This week SyndicateRoom co-founder Tom Britton posted his year review comments, summarizing 2016 as a year of radical change, “politically, economically and socially.” “Brexit, Trump, the Italian… Read More

December 20, 2016 @ 5:49 am By Erin Hobey  |  

In the last five days WorldRemit announced expansion into Russia, Ethiopia, Uganda and Western and Central Africa. Add Pakistan to the list. WorldRemit is on fire! The digital money transfer service today announced a partnership with global money transfer brand Xpress Money to open up new… Read More

December 20, 2016 @ 5:17 am By Erin Hobey  |  

PrimaryBid, an online crowdfunding platform that enables investors to gain access to equity capital raises of AIM-listed companies, has facilitated £30 million in crowdfunding during 2016. In its first year of operation, since the formal launch in March 2016, the platform has undertaken 14 crowdfunding transactions for publicly quoted… Read More

December 20, 2016 @ 5:03 am By Erin Hobey  |  

“India has seen a spectacular growth in the alternative investment market. Numerous HNI Investors have been putting money into Alternative Investment Funds (AIFs) for the past 3 years,” assessed Association of International Wealth Management of India CEO Aditya Gadge. ah! Ventures, aiming to be a major player… Read More

December 19, 2016 @ 6:47 am By Erin Hobey  |  

NOW Money (NOW), the new remittance app for the unbanked population of the UAE, has won IBM’s SmartCamp competition in Dubai. The competition which took place at the Google Tech Incubator Astrolabs invites early-stage start-up businesses to pitch and win a place at the World’s largest… Read More

December 19, 2016 @ 6:22 am By Erin Hobey  |  

Senjō Group, a global payments operator and fintech investment firm in over 32 countries, entered into an agreement with GVC Holdings PLC to acquire its payments processing business Kalixa Group for a total consideration of €29M payable in cash on completion, subject to a completion accounts adjustment. The total consideration… Read More

December 19, 2016 @ 5:38 am By Erin Hobey  |  

India’s digital payments platform FreeCharge announced a partnership with payment solution provider Paynear, extending FreeCharge’s acceptance to another 15,000 merchants across 22 states in India. All 15,000 small scale merchants and individual shop owners using Paynear solutions can now accept payments using FreeCharge including retail, hospitality, food… Read More

December 19, 2016 @ 4:59 am By Erin Hobey  |  

The Ukrainian government announced on Sunday that it will nationalize the country’s leading lender PrivatBank. In a statement given on Sunday evening, the government promised a stable transition and the smooth functioning of the bank. The Finance Ministry will take over PrivatBank, controlled by oligarch Ihor Kolomoisky. Finance Minister… Read More

December 15, 2016 @ 10:48 am By Erin Hobey  |  

Filippo Loretti co-founders and brothers Danielius and Matas Jakutis launched their Kickstarter campaign on 17 November, quickly securing over €200K from the crowd in 24 hours.  With a few hours remaining on their campaign the brothers have now raised over €4,462,100 from more than 17,277 backers.  Quite… Read More

December 15, 2016 @ 9:54 am By Erin Hobey  |  

Yello Financial Group, a Korean fintech company backed by Formation Group, announced a corporate name change to DAYLI Financial Group (“DFG”). In less than two years since founding, the company launched over 30 fintech products and onboarded dozens of marquee clients including AXA, SK Securities,… Read More

December 15, 2016 @ 9:18 am By Erin Hobey  |  

LendIt, the global lending and fintech conference series, today announced its partnership with 500 Startups for PitchIt 2017, a leading global competition for fintech startups who can earn mentorship, endorsement and exposure to leading institutions, investors and press. “Innovation has never been more important for… Read More

December 15, 2016 @ 8:57 am By Erin Hobey  |  

Duco, a global fintech platform that provides data control services, today announced a new agreement with Currencycloud, an international payments engine. Currencycloud will use Duco Cube, a self-service data control platform, for operational functions including cash, trade-to-cash, and bank cash flow reconciliations. “We are excited to… Read More

December 13, 2016 @ 6:31 am By Erin Hobey  |  

Gurugram, India-based platform for enabling debt-financing for small businesses Indifi has raised $10 Mn in a Series B funding round led by Omidyar Network. Existing investors Accel Partners and Elevar Equity also participated in the round. Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments toward… Read More

December 13, 2016 @ 6:16 am By Erin Hobey  |  

Irish fintech startup FXCH Ltd., the Spot-FX Clearing House, which in July settled the first FX trade on the Blockchain, seeks €1,000,000 financing on Seedrs for 4.76% equity offered. Because FXCH has a permanent base in London, the €20M valued platform may benefit from the UK’s S/EIS tax credit… Read More

December 13, 2016 @ 5:49 am By Erin Hobey  |  

The new India-based ah! Marketplace, a platform which aims to connect startups to find relevant service providers at every step of their entrepreneurial journey, works on a model wherein accredited service providers from various sectors such as technology, legal advisory, design, content, finance and HR,… Read More

December 13, 2016 @ 5:31 am By Erin Hobey  |  

World First USA, an international payments industry, and Rakuten.com, one of the world’s largest e-commerce marketplaces, today announced a partnership that brings foreign currency exchange services to their community of online merchants. As part of the agreement with the Austin-based international payments company, World First will provide… Read More

December 9, 2016 @ 6:11 am By Erin Hobey  |  

Pets’ Kitchen, a pet-health company that aims to provide high-quality pet food and veterinary services to improve the long-term health and well-being of furry companions, recently listed on SyndicateRoom. To date, the campaign has raised over £265,580 for 17.2% equity offered, priced at £0.25 a… Read More

December 9, 2016 @ 5:36 am By Erin Hobey  |  

Lendico has refrained from originating new consumer loans in Germany, according to P2P-Banking, directly linking consumers instead to Finanzcheck, a loan application tool. While new consumer loans origination has been halted, Lendico is continuing its business loan origination within Germany. In the last months Lendico has also stopped issuing consumer loans in the Netherlands,… Read More

December 9, 2016 @ 4:34 am By Erin Hobey  |  

Student loan marketplace Credible.com announced that the New Hampshire Higher Education Loan Corporation (NHHELCO) will offer student loan refinancing through the site, expanding the range of options available to borrowers. An estimated 8 million Americans may qualify to refinance their student loans at lower rates, according to the… Read More

December 8, 2016 @ 5:25 am By Erin Hobey  |  

According to the new report “The Rise of Fintech in China” by DBS and EY, China has outpaced London, New York and Silicon Valley to become the world’s undisputed global fintech leader. Neal Cross, DBS chief innovation officer, indicated that favorable government policies and regulations contributed… Read More