December 5, 2019 @ 9:10 am By Omar Faridi  |  

A real estate business founded by Property Innovation (Pi) Labs, a Europe-based property technology (Proptech) platform, is raising capital through crowdfunding. Track, which serves as a property and fund manager for homeowners, is raising £250,000 (appr. $328,000) on Seedrs for 11% of company equity. Track… Read More

December 5, 2019 @ 7:16 am By Omar Faridi  |  

Investments in the Insurtech industry have been increasing rapidly. They’ve grown from around $140 million in 2011 to about $4.9 billion as of 2018. QBE North America, an integrated specialist insurer that’s part of QBE Insurance Group Ltd, one of the world’s largest insurance providers,… Read More

December 4, 2019 @ 10:39 pm By Omar Faridi  |  

Companies based in Singapore are now able to instantly open a business banking account with the Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation. According to the announcement, local startups are now able to open an OCBC account… Read More

December 4, 2019 @ 12:09 pm By Omar Faridi  |  

UK-based Fronted, a new company that plans to make renting easier for people, is preparing to launch in 2020 with a Fintech product that has been designed to help renters finance their deposits. The company, called Fronted, has been established by Jamie Campbell, former commercial… Read More

December 4, 2019 @ 10:04 am By Omar Faridi  |  

Investors are not satisfied with mobile apps offered by brokerage firms. Client satisfaction with wealth technology (WealthTech) apps is considerably behind those provided by various other consumer financial firms, such as credit cards, retail banks and insurance. This, according to the recently published J.D. Power’s… Read More

December 4, 2019 @ 7:37 am By Omar Faridi  |  

San Francisco-headquartered Migo, a Fintech firm that has developed a cloud-based lending solution, revealed on December 3 that it secured $20 million following the first closing of its Series B investment round. New York-based Valor Capital Group, an international VC firm with a special focus… Read More

December 4, 2019 @ 7:30 am By Omar Faridi  |  

Rapyd, a multinational Fintech-as-a-service provider revealed on December 3 that Durable Capital Partners LP, had made an investment into its operations. This latest investment brings the total capital raised by Rapyd to around $180 million. This figure included the firm’s initial series A funding round,… Read More

December 3, 2019 @ 3:28 pm By Omar Faridi  |  

Seneca College, a provider of polytechnic education to around 30,000 full-time and 60,000 part-time students, has launched a new Fintech Centre in Mumbai, India via a collaboration with the Thakur Institute of Management Studies and Research (TIMSR). According to a release: “The Seneca-TIMSR Fintech Centre… Read More

December 3, 2019 @ 11:16 am By Omar Faridi  |  

Property investment for the average person usually involves making investments in projects that have already been completed. However, there’s now an opportunity to invest in property projects before they’re actually completed. This has been made possible by leveraging blockchain technology. It can take several years… Read More

December 3, 2019 @ 7:36 am By Omar Faridi  |  

UK-headquartered Hastee, an on-demand wages app, revealed on December 2 that it finalized  a $270 million round consisting of equity and debt financing. Umbra Capital, a newly launched modern merchant bank that makes investments in the UK’s SMEs, led the equity portion of the investment… Read More

December 3, 2019 @ 6:53 am By Omar Faridi  |  

Singapore-based FinAccel, a Fintech firm that allows Indonesian consumers to purchase items online and make payments later under the Kredivo brand, has secured $90 million via a Series C equity funding round. The funds will be used to expand the firm’s operations in Indonesia. According… Read More

December 2, 2019 @ 3:41 pm By Omar Faridi  |  

Paris-based Pixpay, a company (launched in January 2019) that aims to replace cash when parents give pocket money to their children, allows anyone at least 10 years old to open a Pixpay account, acquire a debit card, and start managing their allowance money. Although challenger… Read More

December 2, 2019 @ 1:01 pm By Omar Faridi  |  

Financial Conduct Authority (FCA) regulated e-money institution (EMI), Financial House, has teamed up with ONPEX, an established provider of multi-currency IBAN accounts. The partnership is aimed at enabling the EMI to provide international transaction banking services to its client base. UK-headquartered Financial House offers software-as-a-service… Read More

December 2, 2019 @ 2:06 am By Omar Faridi  |  

Amsterdam-based Fintech firm Bunq is introducing a new metal card, called the Green Card. While traditional banking institutions offer some type of cashback program with premium cards, Bunq aims to offer its own kind of “cashback.” For every €100 (appr. $110) users spend with the… Read More

December 1, 2019 @ 6:51 pm By Omar Faridi  |  

Galaxy Digital (TSXV: GLXY), a full-service cryptocurrency merchant bank launched by former hedge fund manager Michael Novogratz, has generated $58.4 million in net income during the first three quarters of this year, which represents a 133% increase from the same financial period in 2018. In… Read More

December 1, 2019 @ 6:32 pm By Omar Faridi  |  

UK-based National Westminster Bank (NatWest), a major retail and commercial bank, is teaming up with Moneypenny in order to support the UK’s small businesses. Moneypenny will be offering free trials and special discounts on their services to business owners that are participating in NatWest’s Accelerator… Read More

December 1, 2019 @ 8:56 am By Omar Faridi  |  

Swedish Fintech firm Bokio has raised €4 million (appr. $4.4 million) via an investment round led by Creandum, an early Spotify investor. European financial group Svea and Chris Adelsbach, managing director at Techstars, also took part in the funding round. The capital raised will be… Read More

November 30, 2019 @ 12:16 pm By Omar Faridi  |  

Allianz X, the digital investment division of the Allianz Group (a German multinational financial services company), and insurance firm Debeka recently invested in Insurtech SDA SE Open Industry Solutions, an open platform for developing digital ecosystems. Allianz X and Debeka, along with current investors SIGNAL… Read More

November 30, 2019 @ 9:35 am By Omar Faridi  |  

Big Four accounting and professional services firm KPMG has introduced a new blockchain-powered track and trace solution in Australia, China and Japan. Called KPMG Origins, the platform has been designed to increase transparency and traceability of routine business procedures in several different industries including agriculture,… Read More

November 30, 2019 @ 8:49 am By Omar Faridi  |  

Insurtech firm Acko General Insurance Ltd has recently raised $36 million via an investment round led by Ascent Capital. This, according to Acko’s filings with the registrar of companies (RoC). The Mumbai-headquartered insurtech company acquired allotments of “10 equity shares of ₹10 (appr. $0.14) each… Read More