May 11, 2018 @ 1:00 pm By Samantha Hurst  |  

MetLife announced on Thursday it has selected eight finalists for its open innovation program, collab 3.0 EMEA. The program was announced in March and invited entrepreneurs and insurtechs to scale their business through the platform while solving some of the insurer’s biggest innovation challenges across its business in… Read More

May 11, 2018 @ 12:10 pm By Samantha Hurst  |  

Earlier this week, Cross River announced it set a new monthly loan origination record of more than $600 million in April. The company reported that this loan origination achievement puts its growth into “impressive context” due to the fact that the April 2018 volume represents approximately 60%… Read More

May 11, 2018 @ 10:31 am By Samantha Hurst  |  

PIMCO, a global investment management firm, announced on Friday its strategic partnership with Beacon Platform Incorporated, a fintech company that specializes in the development of cloud-based, end-to-end development and production platforms. PIMCO reported as part of the partnership it has acquired a minority stake in… Read More

May 11, 2018 @ 10:15 am By Samantha Hurst  |  

On Friday, Fintech Scotland announced its inaugural chairman and its new strategic partners. According to the organization, these appointments were confirmed at the joint Scottish Government and industry Financial Services Advisory Board (FiSAB) meeting chaired by the First Minister, Nicola Sturgeon and Chair of Scottish Financial… Read More

May 11, 2018 @ 9:49 am By Samantha Hurst  |  

LendingTree, Inc. (NASDAQ: TREE) announced on Friday it has entered into a definitive agreement to acquire Ovation Credit Services, Inc., a provider of credit services with a strong customer service reputation. According to LendingTree, Ovation Credit Services utilizes a proprietary software application that facilitates the credit… Read More

May 11, 2018 @ 9:18 am By Samantha Hurst  |  

Global accelerator program Kyyba Innovations, along with the Techtown Detroit, announced on Thursday that Dough, an education technology platform, as the winner of its first Detroit Fintech Challenge and Pitch Club competition that was held last month at Techtown Detroit. According to the two organizations, the Detroit… Read More

May 10, 2018 @ 10:19 pm By Samantha Hurst  |  

Stashbee, a platform that connects individuals and businesses who have spare space with those who need it, successfully secured its initial £500,000 just three days after launching its equity crowdfunding campaign on Seedrs. Founded in 2015, Stashbee reported that its platform automates the end-to-end booking… Read More

May 10, 2018 @ 9:50 pm By Samantha Hurst  |  

On Thursday, Funding Circle announced it has appointed Cath Keers as its new non-executive board member. According to the online lender, Keers has more than three decades of professional and leadership experience within the retail, consumer, digital, and technology sectors. She currently serves as a Non-Executive… Read More

May 10, 2018 @ 2:00 pm By Samantha Hurst  |  

On Thursday, LendInvest published the results of a survey of its LendInvest Property Development Academy attendees, which revealed that aspiring property developers have stated economic growth will have the greatest effect on house prices in the next five years. According to LendInvest, when asked what will have the… Read More

May 10, 2018 @ 1:00 pm By Samantha Hurst  |  

Robinhood, a Fintech broker firm, announced on Thursday it secured $363 million through its Series D funding round to expand its product lineup. The funding round was led by DST Global with participation from new investors  Iconiq, Capital G, Sequoia Capital, and KPCB. Existing investors… Read More

May 10, 2018 @ 12:00 pm By Samantha Hurst  |  

Canada fintech startup, Mylo Financial Technologies (Mylo) announced earlier this week the launch of its mobile fundraising platform, Round Up to Give. The platform, in partnership with CanadaHelps’ online donation platform, is to make it possible for customers to donate spare change directly from their… Read More

May 10, 2018 @ 9:53 am By Samantha Hurst  |  

On Thursday, Starling Bank announced it was adding Garmin Pay to its range of digital wallets. The new feature will allow Garmin users to make purchases at thousands of stores where contactless payments are accepted. The Garmin Pay is featured on three watches, which are:… Read More

May 10, 2018 @ 9:25 am By Samantha Hurst  |  

On Thursday, international venture capital firm Entrée Capital announced the closing of its second Israeli focused early stage fund with aggregate capital commitments of $80 million. Entrée stated this fund follows the success of its previous Israeli fund that invested in early-stage Israeli startups such… Read More

May 10, 2018 @ 8:41 am By Samantha Hurst  |  

Paxful, a global peer-to-peer bitcoin technology company, announced on Thursday it is set to build a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa. The company reported that it has appointed Chuta Chimezie as Regional Director of Africa. He will be responsible… Read More

May 9, 2018 @ 3:51 pm By Samantha Hurst  |  

UK-based hosting management service Airsorted successfully secured more than £2.1 million in funding through its equity crowdfunding campaign on Seedrs. The funding round raised its original £1 million target within just four days of its debut. With this additional funding, Airsorted’s Series A exceeds £7 million…. Read More

May 9, 2018 @ 2:33 pm By Samantha Hurst  |  

Tom Curry, a partner in Nutter’s Corporate and Transactions Department and co-leader of the Boston-based law firm’s Banking and Financial Services group, has been appointed chair of Milken Institute’s Fintech Advisory Committee. Curry is the former Comptroller of the Currency and was the public official who launched… Read More

May 9, 2018 @ 2:03 pm By Samantha Hurst  |  

Just one week after launching its equity crowdfunding campaign on Crowdcube, Cotswold Distillery surpassed its initial £2 million funding target from more than 500 investors. The distillery reported that prior to launching the funding round, it secured £1,185,120 from 21 investors. Founded in 2013 and began operations… Read More

May 9, 2018 @ 12:30 pm By Samantha Hurst  |  

On Wednesday blockchain firm ConsenSys announced its expansion into Ireland with the Dublin Innovation Studio. According to ConsenSys, the Dublin-based Innovation Studio will be a multi-functional facility including a development lab, where engineers will build and deliver Ethereum-based blockchain platforms and products stemming from the company’s… Read More

May 9, 2018 @ 11:09 am By Samantha Hurst  |  

BMO Harris Bank announced on Wednesday it has teamed up with 1871 for the second annual Innovation Program. According to the bank, the startups accepted into the program will receive mentoring from the BMO Harris team, as well as access to the 1871 space and… Read More

May 9, 2018 @ 10:39 am By Samantha Hurst  |  

Less than a month after launching its global cryptocurrency API solution, Galileo, a U.S.-based payments processors and program management firm,  announced on Tuesday the launch of its new securities solution assist asset managers, registered investment advisors, broker-dealers, wealth managers and robo-advisors to build world-class financial products that… Read More