December 18, 2018 @ 9:47 am By Samantha Hurst  |  

Albert, a UK-based bookkeeping mobile app, announced on Tuesday it has been acquired by banking group, Santander. Founded in 2014, Albert describes itself as the “brainchild” of the created of award-winning mobile apps such as NatWest, RBS, and the BBC. The app provides customers with a… Read More

December 18, 2018 @ 9:23 am By Samantha Hurst  |  

B-Social, a UK-based fintech that has created a banking mobile app, has successfully secured £3.2 million through its latest seed funding round. Founded in 2016, B-Social describes itself a company that is developing innovative services for a “new generation of customer.” The company explained: “Our mission is… Read More

December 18, 2018 @ 8:11 am By Samantha Hurst  |  

Temenos (SIX: TEMN), the banking software company, announced on Tuesday that Isracard, a credit card company in Israel, has selected Temenos T24 Core Banking. Temenos reported its digital open banking platform will help Isracard achieve its strategic goal of simplifying its systems architecture and enabling… Read More

December 17, 2018 @ 4:25 pm By Samantha Hurst  |  

Goldex, a UK-based trading technology platform that allows users to invest in physical gold, announced last week it secured more than £1 million through its pre-series A round, which was reportedly led by a group of prominent angel and institutional investors in the financial, payment and… Read More

December 17, 2018 @ 3:07 pm By Samantha Hurst  |  

Coinness, an Asian cryptocurrency and blockchain information provider, announced on Monday it is expanding in the U.S., which the company claims is the home to more than 20 million cryptocurrency investors. Founded in 2017, Coinness stated it is dedicated to an instant inclusive coverage of everything happening… Read More

December 17, 2018 @ 1:27 pm By Samantha Hurst  |  

Denmark-based Saxo Bank announced on Monday a conditional agreement has been reached on a recommended public offer to be made by the bank for the entire issued and outstanding share capital of BinckBank for €6.35 in cash per share (cum dividend).  According to Saxo Bank,… Read More

December 17, 2018 @ 12:08 pm By Samantha Hurst  |  

MassChallenge, a global network of zero-equity startup accelerators, announced on Monday the 21 startups that will join the 2019 MassChallenge FinTech inaugural program. MassChallenge reported that the fintech accelerator program is supported by a public-private partnership that includes founding partners Massachusetts Mutual Life Insurance Company (MassMutual),… Read More

December 17, 2018 @ 10:48 am By Samantha Hurst  |  

JB Financial Group (KRX:175330), a Korea-based retail finance group, announced on Monday it has signed a memorandum of understanding (MOU) with CIMB Niaga, a leading Indonesian commercial bank, and MITRA JASA LIMA for the open banking platform business in Indonesia.  According to JB Financial, the… Read More

December 17, 2018 @ 9:51 am By Samantha Hurst  |  

UK based peer-to-peer lender RateSetter announced last week the results of its 2017-2018 financial year, which ended on March 31, 2018. The lending platform reported that revenues were up by 47% (which was £34.3 million) from the previous year (£23.4 million). The company noted that the… Read More

December 17, 2018 @ 9:15 am By Samantha Hurst  |  

INSIKT (pronounced “in-seekt”), a Lending as a Service (LaaS) company, announced on Monday it has raised $210 million through its social bond securitization program in 2018, which was backed by 174,447 of its responsible, credit-building consumer loans.  According to INSIKT, this has propelled the total securitization volume… Read More

December 17, 2018 @ 8:10 am By Samantha Hurst  |  

Coinbase announced on Friday it is now allowing instant PayPal withdrawals for all U.S. customers. The company reported that U.S. customers can instantly withdraw Coinbase balances to PayPal, which will provide what Coinbase calls even faster access to their funds.  These withdrawals are free and incur no fees…. Read More

December 16, 2018 @ 11:25 pm By Samantha Hurst  |  

Abundance, a renewable crowdfunding platform that allows investors the opportunity to earn money while making the world a better place, has successfully secured more than £1.5 million through its equity crowdfunding campaign on Seedrs. The round was launched in October, originally seeking £1.2 million, with the platform reporting… Read More

December 16, 2018 @ 8:21 pm By Samantha Hurst  |  

Verdant Brewing Co., a UK-based brewery, announced on Friday it was extended its equity crowdfunding campaign on Crowdcube, just as the funding round surpassed £750,000 from nearly 1300 investors. The initiative was launched last month and quickly raised its initial £500,000 funding target.  As previously reported, the brewery stated… Read More

December 14, 2018 @ 4:24 pm By Samantha Hurst  |  

Less than a year after securing $133 million in a private placement from  Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed, Foundation Capital, a16z, Wing VC, NFX Ventures, Valor Capital, Zhenfund, INBlockchain, Ceyuan, Sky9 Capital, U.S. crypto firm Basis has decided to shut down all… Read More

December 14, 2018 @ 4:02 pm By Samantha Hurst  |  

Uphold, a U.S.-based digital finance platform, announced on Thursday the launch of its mobile app for Android and iOS smartphones. Founded in 2013, Uphold revealed its mission is to create trusted access to digital money and finance services. Since launching, the company has notably fought… Read More

December 14, 2018 @ 3:27 pm By Samantha Hurst  |  

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Thursday the availability of Insurance Cloud Services (ICS) in the UK and EU. Slice reported that the first customer to use ICS in the UK is Legal & General with the launch of on-demand,… Read More

December 14, 2018 @ 2:50 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced last week it has entered into a definitive agreement to combine its Canadian lending operations with Evolocity Financial Group (Evolocity), a private Montréal-based online small business lender. According to OnDeck, The combined enterprise, to be branded OnDeck… Read More

December 14, 2018 @ 1:50 pm By Samantha Hurst  |  

Russian banking firm Sberbank announced earlier this week it is now allowing users in 42 Russian cities to make instant contactless payments using Pay-QR on smartphones. According to Sberbank, the project’s goals are to provide a convenient new QR code payment technology for individuals and a… Read More

December 14, 2018 @ 9:05 am By Samantha Hurst  |  

PaySend, a UK-based global payments platform, has formed a new partnership with Vietcombank Remittance Company (VCBR). This news comes less than six months after PaySend secured $20 million through its latest funding round, which was led by investment firm MARCorp Financial.  According to Finextra, the partnership between PaySend and… Read More

December 14, 2018 @ 8:21 am By Samantha Hurst  |  

U.S. fintech Ingo Money announced on Thursday the launch of its new feature, Into Money QuickConnect. According to the company, Ingo Money Connect is a turnkey solution that allows any company issuing disbursement to customers to offer push-to-card payments through Visa Direct. It was revealed:… Read More