April 4, 2018 @ 3:17 pm By Samantha Hurst  |  

On Wednesday, Canada’s OneEleven announced the participants of their Insurtech Growth Program. The startup community announced in January it was joining forces with insurance company Aviva Canada to support the success of growing Canadian insurtech companies. The program, which runs for four months, will provide the… Read More

April 4, 2018 @ 2:07 pm By Samantha Hurst  |  

On Wednesday, Japan’s Financial Services Agency (FSA) announced it Exchanged of Letters for Cooperate Framework on fintech with the Swiss Financial Market Supervisory Authority (FINMA). According to the organization, this Cooperate Framework recognizes the global nature of innovation in financial services and intends to enhance… Read More

April 4, 2018 @ 12:34 pm By Samantha Hurst  |  

Bunker, a California-based insurtech startup, announced last week it has formed a partnership with Chubb Insurance to accelerate new insurance product development. According to Bunker, this new collaboration leverages Chubb’s strength as a large publicly-traded property-casualty insurer, along with Bunker’s technology platform. Speaking about the partnership, Chad Nitschke, Co-Founder… Read More

April 4, 2018 @ 11:32 am By Samantha Hurst  |  

Digital challenger bank Revolut announced on Wednesday it is currently making plans to launch in Singapore. This news comes just after the company announced it launched “disposable’ virtual cards. “From clunky apps to hidden fees, banking as we know it is broken. That’s why we decided to… Read More

April 4, 2018 @ 11:12 am By Samantha Hurst  |  

FINBOURNE, a London-based fintech platform, announced last week it has launched its LUSID Design Council, which has five financial institutions as members. The institutions include Fidelity International, HSBC Securities Services, and Altana Wealth. Founded in 2016, FINBOURNE describes itself as a technology firm that is… Read More

April 4, 2018 @ 10:51 am By Samantha Hurst  |  

Finzy, an India-based peer-to-peer lending platform announced on Wednesday it secured $1.3 million through its Pre-Series A funding round. Founded in 2016, Finzy describes itself as a premier peer-to-peer lending solution that connects borrowers looking for quick personal loans with low-interest rates to investors who… Read More

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

TeachPitch, a UK-based education technology company, announced on Wednesday it has extended its latest equity crowdfunding for the second time on Crowdcube. The company launched the funding round last month and quickly secured its initial £300,000 funding target and is now nearing £350,000 from more than 200 investors. … Read More

April 4, 2018 @ 8:41 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced on Wednesday it is set to close its Prepaid Beta, which was launched in March 2016 to make sure the bank was “building something” that consumers actually needed. While sharing details about its growth since the Beta’s launch, Monzo stated:… Read More

April 3, 2018 @ 3:54 pm By Samantha Hurst  |  

TalentPool, a talent matching platform that connects UK SMEs with recent graduates, has surpassed its initial £350,000 funding target from nearly 100 investors on equity crowdfunding platform, Seedrs. As previously reported, TalentPool was founded in 2013 and stated it is on a mission to change the way that… Read More

April 3, 2018 @ 3:33 pm By Samantha Hurst  |  

Unum (NYSE:UNM), a market leader in providing disability, life, accident, critical illness, dental and vision insurance in the workplace, announced on Tuesday it has formed a partnership with Plug and Play Insurtech, a Silicon Valley-based startup innovation platform. According to Unum, this new partnership connects the… Read More

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

On Tuesday, retail giant Walmart announced the launch of its new global wire service, Walmart2World. The company revealed that four years ago it changed the “money transfer game” with the introduction of Walmart2Walmart, which is a domestic money transfer service that offered lower cost, which… Read More

April 3, 2018 @ 1:19 pm By Samantha Hurst  |  

NatWest has formed a partnership with Vocalink Analytics to further strengthened its fraud protection systems with the adoption of a sophisticated machine learning solution known as Corporate Fraud Insights. According to Vocalink, the system is designed to detect and prevent invoice redirection fraud, where businesses are duped into paying… Read More

April 3, 2018 @ 11:15 am By Samantha Hurst  |  

FinanZero, a marketplace for consumer loans in Brazil, announced on Monday it raised $3.6 million through its Series A funding round, which was led by  Swedish publicly listed investment company, Vostok Emerging Finance, with participation by other Swedish investors, including Webrock Ventures and Zentro Founders. Founded in 2015 and launched in 2016, FinanZero describes… Read More

April 3, 2018 @ 10:27 am By Samantha Hurst  |  

Easygoband, a Spanish incorporated company that has created an RFID smartband that allows personal identification and cashless payments, announced on Tuesday it has extended its equity crowdfunding campaign on Crowdcube. The company launched the funding round last month and quickly secured its initial £300,000 target (£176,300… Read More

April 3, 2018 @ 9:38 am By Samantha Hurst  |  

SoFi announced on Monday it completed $2.6 billion in loan securitizations in the first quarter of 2018, a 35% increase over the prior-year period and its largest-ever quarterly ABS issuance volume. According to SoFi, during the first quarter of 2018, the lender completed a total of… Read More

April 3, 2018 @ 9:21 am By Samantha Hurst  |  

Blockchain payments technology platform BitPay announced it has secured $40 million through its extended Series B funding round, which included participation from Menlo Ventures, Capital Nine, G Squared, Nimble Ventures (an affiliate of Passport Capital) and Delta-v Capital as well as individual investments from Christopher Klaus Family Office,… Read More

April 3, 2018 @ 8:55 am By Samantha Hurst  |  

Tech-focused e-trailer Newegg announced last week it will now give customers in Canada the option of paying for their purchase with bitcoin. The company reported it first offered a bitcoin payment option to its U.S. customers in August 2014 and since that time bitcoin transactions have represented… Read More

April 2, 2018 @ 3:43 pm By Samantha Hurst  |  

Just days after supporters of Andrew McCabe launched a crowdfunding campaign on GoFundMe for his legal defense fund, the former FBI deputy director announced the initiative will close at 7 p.m. this evening. As previously reported, the fundraiser raised more than $400,000 less than 24… Read More

April 2, 2018 @ 3:18 pm By Samantha Hurst  |  

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Monday it has launched outbound money transfer operations from India. This is being done through InstaReM’s partnership with DCB Bank Limited, an Authorised Dealer Category-I Bank, as per the Reserve Bank of India (RBI)’s… Read More

April 2, 2018 @ 3:07 pm By Samantha Hurst  |  

Less than a couple of weeks after launching its equity crowdfunding campaign on Seedrs, light switch and plug socket brand, Den, has successfully secured more than £1.1 million thanks to more than 625 investors. As previously reported, Den was founded in 2013 and describes itself as a new… Read More