March 17, 2018 @ 2:31 pm By Samantha Hurst  |  

Flock, a UK-based insurtech startup, has officially launched its Pay-As-You-Go drone insurance. Founded in 2015, Flock describes itself as a London-based, VC- and government-backed insurtech startup that’s building a big-data driven risk intelligence platform for drones.  The company announced its partnership with aviation insurer, Allianz,… Read More

March 16, 2018 @ 4:00 pm By Samantha Hurst  |  

European online payments provider Trustly announced this week it will be acquired by Nordic Capital Fund IX (Nordic Capital). According to Trustly, Nordic Capital will support the payment platform in its mission to become the leading global online banking payments provider. Trustly also reported that its… Read More

March 16, 2018 @ 2:00 pm By Samantha Hurst  |  

Infosys (NYSE: INFY), a global consulting, technology and next-generation services firm, announced this week it will open its next Technology and Innovation Hub in Hartford, Connecticut, along with hire 1,000 American workers in the state by 2022. According to the company, the Connecticut Technology and Innovation Hub will… Read More

March 16, 2018 @ 12:21 pm By Samantha Hurst  |  

Less than two months after it raised £829,370 through its equity crowdfunding campaign on Crowdcube, UK-based insurtech Honcho has secured a £150,000 from the Finance Durham Fund.  As previously reported, Honcho is described as a reverse-auction marketplace where insurers enter a competitive real-time bidding process in order to… Read More

March 16, 2018 @ 12:11 pm By Samantha Hurst  |  

Last week, Square’s Cash mobile app announced it was officially rolling out support for ACH direct deposits. This news comes just a few months after Square reportedly began to test out bitcoin on some of its Cash users. As previously reported, The Square Cash App claims to… Read More

March 16, 2018 @ 11:49 am By Samantha Hurst  |  

HCS Capital Partners (HCS) a Miami-based Private Equity and operating firm, announced this week it has completed a $4 million investment in insurtech startup, FIGO Pet Insurance. HCS reported that this is investment marks the most recent for the firm as it continues to deploy capital… Read More

March 16, 2018 @ 11:23 am By Samantha Hurst  |  

ScratchWorks, a fintech accelerator that connects tech startups with wealth management leaders to advance the digital transformation of the financial services industry, announced on Thursday the finalists for its fintech competition. The three finalists will pitch their respective companies to the ScratchWorks founders during a… Read More

March 16, 2018 @ 9:42 am By Samantha Hurst  |  

Lendy announced this week it has attracted its 20,000th investor to its peer-to-peer lending platform. This news comes just days after the online lender announced it repaid five loans in February 2018. According to P2P Finance News, the lender reported that about 7,000 new investors have joined… Read More

March 16, 2018 @ 9:24 am By Samantha Hurst  |  

Following the announcement that she is suing President Trump over a non-disclosure agreement about their alleged affair in 2006, Stephanie Clifford, also known as Stormy Daniels, has launched a crowdfunding campaign on CrowdJustice, seeking funds to cover her legal fees and other expenses. While sharing details… Read More

March 15, 2018 @ 10:29 pm By Samantha Hurst  |  

On Thursday, UK fintech startup ClearScore announced it was acquired by credit data firm Experian. According to various reports, the company was purchased for £275 million. Founded in 2015, ClearScore describes itself as one of the leading fintech businesses in the UK. It aims to change… Read More

March 15, 2018 @ 9:16 pm By Samantha Hurst  |  

Easygoband, a Spanish incorporated company that has created an RFID smartband that allows personal identification and cashless payments, has launched an equity crowdfunding campaign on Crowdcube and is seeking a minimum funding target of £300,000. Easygoband describes itself as a company that gathers the advantages… Read More

March 15, 2018 @ 1:00 pm By Samantha Hurst  |  

On Wednesday, Queen City Fintech Accelerator announced its Spring 2018 cohort. According to the program, of nearly 150 applications from 18 countries and 20 states, only ten fintech companies were selected for the twelve-week accelerator, which begins on March 26th and concludes with the Fintech… Read More

March 15, 2018 @ 12:00 pm By Samantha Hurst  |  

On Thursday, Germany’s Deutsche Kreditbank AG announced it has teamed up with FinReach to launch a new chatbot called Herbie. The company described Herbie as a customer assistant based on artificial intelligence that will accompany interested parties online on their way to a private loan. While sharing… Read More

March 15, 2018 @ 10:24 am By Samantha Hurst  |  

Pangea Money Transfer, a mobile-centric remittance platform for sending money from the U.S. to 15 countries across Asia and Latin America, announced on Wednesday it has dropped its flat-rate money transfer fee for senders to India by more than 20% from $4.99 down to $3.95…. Read More

March 15, 2018 @ 10:01 am By Samantha Hurst  |  

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Thursday it has extended its outbound money transfer operations to another important market, the European Union (EU). ), Prajit Nanu, the co-founder of the fintech start-up, revealed the exciting news at the Money20/20 Asia 2018… Read More

March 15, 2018 @ 8:57 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced on Thursday the release of its unaudited financial results for the quarter and full year ended December 31, 2017. The company reported that in the fourth quarter of 2017, it facilitated RMB 13,438.5 million (US$2,065.5 million)… Read More

March 15, 2018 @ 8:44 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Thursday the launch of its first wave of accounting system integrations for its new end-to-end spend management platform. According to AvidXchange, as part of the 2017 Ariett acquisition, the… Read More

March 14, 2018 @ 3:52 pm By Samantha Hurst  |  

Less than two weeks after launching its equity crowdfunding campaign on Seedrs, Wales-based hydrogen-electric car company, Riversimple, has successfully secured its initial £1 million from more than 400 investors. As previously reported, Riversimple designed a new car, the Rasa, which the company states, emits nothing but a tiny… Read More

March 14, 2018 @ 2:27 pm By Samantha Hurst  |  

On Tuesday, online lender Funding Circle announced it was appointed Bernardo Martinez as its new U.S. managing director. He succeeds co-founder Sam Hodges, who is now to become Chairman of Funding Circle U.S. According to Funding Circle, Martinez joins the platform’s team from PayPal, where he… Read More

March 14, 2018 @ 1:39 pm By Samantha Hurst  |  

Just a little over two weeks after launching its equity crowdfunding campaign on Crowdcube, UK’s Northern Monk Brewing Company has successfully secured more than £1.3 million in funding from nearly 1935 investors. The funding round raised its initial £500,000 target just hours after its debut.  As previously… Read More