Omar Faridi

Proptech: Track, a Property Manager for Homeowners, has Raised Nearly £160,000 of its £250,000 Fundraising Target on Seedrs

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

Insurtech: Insurance Technology is Transforming how Real-Time and Predictive Data are Captured and used to Develop Products

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

Singapore-based OCBC Bank Now Lets Companies Open Business Accounts Right After Incorporation

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

UK-based Firm Fronted Is Preparing to Launch in 2020 with a Fintech Product to Help Renters Finance their Deposits

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

WealthTech: Consumer Satisfaction with Wealth Technology Apps is Considerably Behind Other Consumer Financial Apps, New Study Reveals

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

San Francisco-based Fintech Migo Raises $20 Million in Round Led by New York’s Valor Capital Group

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

Global Fintech as a Service Provider Rapyd Has Now Raised $180 Million Following Investment from Durable Capital Partners

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

Seneca College Launches New Fintech Center in Mumbai, India in Collaboration with the Thakur Institute of Management Studies and Research

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

Singapore-based Proptech Firm Fraxtor Aims to Democratize Investment in Real Estate

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

UK-based Fintech Firm Hastee Secures $270 Million in Equity and Debt Financing

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

Singapore-based Fintech Firm FinAccel Raises $90 Million via Series C Round Led By Asia Growth Fund, Square Peg

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

Pixpay Aims to Allow Anyone At Least 10 Years Old to Open an Account, Use Debit Cards, and Manage Money

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

FCA Regulated E-money Institution Financial House Partners ONPEX to Enable Cross-Border Banking Services

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

Amsterdam-based Fintech Firm Bunq Introduces New “Green Card” with Unique Cashback Offer

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

Galaxy Digital, a Full-Service Crypto Merchant Bank, Records a Net Loss of $68.2 million during Q3

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

UK-based NatWest Partners with MoneyPenny to Support UK’s Small Businesses

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

Swedish Fintech Firm Bokio Raises $4.4 Million via Investment Round Led by Creandum, an Early Spotify Investor

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

Allianz X and Insurance Firm Debeka Invest in Insurtech SDA SE Open Industry Solutions, an Open Platform for Developing Digital Ecosystems

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

KPMG Introduces New Blockchain-based Track and Trace Platform in Australia, China, and Japan

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

Insurtech Firm Acko General Insurance Raises $36 Million via Investment Round Led by Ascent Capital, Binny Bansal

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

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