May 4, 2018 @ 9:31 pm By Samantha Hurst  |  

Small business insurance startup CoverWallet announced this week it has expanded its insurtech B2B platform for carriers and agents to the Hanover Insurance Group, which is notably the first carrier to use the platform’s technology. According to CoverWallet, the CoverWallet B2B platform provides real-time quoting, underwriting,… Read More

May 4, 2018 @ 9:24 pm By Samantha Hurst  |  

Just days after extending its equity crowdfunding campaign on Crowdcube, peer-to-peer car rental platform Hiyacar has secured more than £1.1 million and is quickly nearing £1.2 million thanks to more than 670 investors. The funding round made its debut last month and quickly secured its initial… Read More

May 4, 2018 @ 2:00 pm By Samantha Hurst  |  

On Thursday, Funding Circle announced the European Investment Fund, part of the European Investment Bank Group, and KfW, a German Promotional Bank, are supporting UK small businesses through their investment in a securitization of loans originated by the Funding Circle online lending platform. According to… Read More

May 4, 2018 @ 1:00 pm By Samantha Hurst  |  

Less than one week after launching its equity crowdfunding campaign on Crowdcube, East London Liquor Company has successfully surpassed £1 million from more than 450 investors. The funding round has already gained popularity, with securing its initial £750,000 target within 24 hours. As previously reported,  East London Liquor… Read More

May 4, 2018 @ 11:29 am By Samantha Hurst  |  

CredoLab, a Singapore-based fintech provider of mobile-based alternative credit scoring solutions for banks, consumer finance companies, and retailers, announced on Thursday it secured a $1 million investment from established global venture capital firm Walden International. Established in 2016, CredoLab is headquartered in Singapore was previously backed… Read More

May 4, 2018 @ 10:36 am By Samantha Hurst  |  

On Thursday, Samsung announced the launch of Samsung Pay’s new Cash Back Awards feature. According to the tech giant, Samsung Pay users will be able to take advance of new Cash Back deals directly within the Samsung Pay app. “In the new Cash Back section… Read More

May 4, 2018 @ 9:28 am By Samantha Hurst  |  

HCS Capital Partners, a Miami-based private equity and operating firm, announced on Thursday it has completed a $1 million investment in Chilean-based fintech Ceptinel. The company reported that this new investment represents its third investment of 2018, with the recent investments in Figo Pet Insurance… Read More

May 4, 2018 @ 9:14 am By Samantha Hurst  |  

On Thursday, IBM announced it has acquired aggregation and analytics software provider Armanta. IBM reported it has worked with Armanta for the past two years to deliver financial risk solutions to clients globally. The combination of IBM’s and Armanta’s technology and expertise has allowed IBM to… Read More

May 3, 2018 @ 8:59 pm By Samantha Hurst  |  

Real estate source platform, Infabode, has successfully secured its initial £750,000 funding target on equity crowdfunding platform Seedrs from more than 150 investors. Founded in 2013, Infabode reported that it connects its community of users with industry information from the real estate sector on one customizable online platform. Infabode’s… Read More

May 3, 2018 @ 2:00 pm By Samantha Hurst  |  

Last week, Jack Dorsey’s Square announced it has entered into a definitive agreement to acquire Weebly. The company reported it will pay a mix of cash and stock of approximately $365 million, which will include Square restricted stock units for Weebly’s founders and employees that… Read More

May 3, 2018 @ 1:00 pm By Samantha Hurst  |  

Fintech firm FIS, along with The Venture Center, announced on Thursday the ten startups that were selected for the 2018 Fintech Accelerator Program. The program, which is sponsored by FIS and the State of Arkansas, is focused on identifying and accelerating the development of early-stage fintech… Read More

May 3, 2018 @ 12:00 pm By Samantha Hurst  |  

First RealFund (FRF), a commercial real estate crowdfunding platform headquartered in New York City, announced on Thursday it raised $500,000 of preferred equity financing for the renovation of a 4-story brownstone in Brooklyn’s Bedford Stuyvesant neighborhood. According to FRF, the project’s sponsor, XYZ Group, has pinpointed a… Read More

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

Security token exchange VRBex announced on Wednesday it has appointed Chuck Ocheret as its new and first Chief Technology Officer (CTO). According to VRBex, Ocheret has 30 years of software engineering experience in the finance, multimedia, and science industries. His recent position was Chief Innovation… Read More

May 3, 2018 @ 9:43 am By Samantha Hurst  |  

On Tuesday, the Department of Economic Development (DED) in Dubai and Dubai Silicon Oasis Authority (DSOA) unveiled a joint blockchain project that was developed in collaboration with Smart Dubai and IBM to improve ease of doing business in Dubai and facilitate foreign direct investments. According… Read More

May 3, 2018 @ 8:53 am By Samantha Hurst  |  

Earlier this week, Lendio announced its third annual Top 10 States For Small Business Lending list. According to Lendio, the list’s results were based on lending data from its online lending platform, which matches businesses to nearly 80 lenders. Lendio reported that the key findings… Read More

May 3, 2018 @ 8:36 am By Samantha Hurst  |  

Coinme, a financial services and blockchain technology company, announced on Thursday its latest deployment of eight new crypto ATMs in the state of California, bringing its total locations in the state to 23 ATMs. The company stated it offers Californians the ability to easily and… Read More

May 3, 2018 @ 8:23 am By Samantha Hurst  |  

Aussie fintech startup Trade Ledger announced on Thursday it was named Barclays UK Ventures’ Open Innovation Challenge 2018, which was held in London. The ten finalists of the Challenge were selected by Barclays for their potential to offer “gaming-changing” business solutions across various industries. Speaking… Read More

May 2, 2018 @ 3:54 pm By Samantha Hurst  |  

UK-based fintech Finastra announced on Wednesday it has joined Finance Innovation, which is described as a community that supports innovation across all areas of financial service in France. The company reported its participation in the Finance Innovation program is to drive fintech collaboration in France. … Read More

May 2, 2018 @ 3:35 pm By Samantha Hurst  |  

On Tuesday, fintech Quovo announced it is officially expanding into Canada with partial support by an investment from its partners at Portag3 Ventures. This news comes less than a month after Quovo rolled out new products to improve its lending value chain. While sharing details… Read More

May 2, 2018 @ 3:20 pm By Samantha Hurst  |  

On Wednesday, global fintech firm InvestCloud Inc. announced Silicon Beach-based NameDrop Solutions as the latest tech firm to enter its Los Angeles Innovation Center. According to InvestCloud, the startup is using the incubator and accelerator program to launch its market-ready data-sharing mobile app and platform. Founded by Stephen… Read More