Fintech

SE Asia Blockchain Mobile Payments Platform Coins Raises $5 Million from Naspers

Coins, a Philippines-based blockchain mobile payments platform that services Southeast Asia, announced it had secured US $5 million in funding from Naspers, according to an article on Techcrunch. Naspers, which is based in South Africa, is one of the world’s largest investors in tech. The… Read More

P2P Business Lender ArchOver Receives Full FCA Authorization

ArchOver, a UK P2P business lending platform, has secured full authorization from the Financial Conduct Authority to operate as a P2P lending platform (Article 36H). Since launching in September 2014, ArchOver has facilitated over £35 million of investment over its platform, operating under interim permissions granted by… Read More

Stash Hires Giff Carter as Chief Revenue Officer as Growth Becomes Exponential

Stash, a digital investment advisor, has appointed Giff Carter as Chief Revenue Officer. The new hire was said to coincide with “exponential user growth and rapid expansion.” The company reported topping 500,000 users in March. Today, Stash has over 675,000 users. Prior to joining Stash, Carter… Read More

Venus, Mars & LendingHome: Can Your Relationship Handle Buying a Home? (Infographic)

How deep is your love? LendingHome, a leading US mortgage marketplace lender, released new survey data showing that 60 percent of millennial and Gen X couples disagreed occasionally, frequently, or “a lot” when buying a house with their partner or spouse yet logically may be able to better navigate… Read More

Orchard: Consumer Unsecured Lending Down 44% from 2015 High but Increases from Previous Quarter

Orchard is out with their quarterly report and it is pretty interesting. As most people in the online lending industry know, this sector of finance has been going through a bit of a transition in recent months. Orchard has direct access to origination volume to… Read More

FinTech Australia Announces Winners of Finnie Awards

The winners of the inaugural Finnie awards were announced earlier today at a ceremony attended by more than 200 guests at Sydney’s Darling Harbour, according to FinTech Australia. The winners of 29 awards were chosen by 39 local and international judges from 158 entries. The… Read More

Here is the GAO Report on Fintech that was Delivered to Congress

This one falls under recently discovered. The Government Accountability Office (GAO) published a report on Financial Technology, or Fintech, for Congress this past April.  The report, subtitled Information on Subsectors and Regulatory Oversight, was at the behest of several members of Congress including; Senator Sherrod… Read More

Will Banks Soon Be Offering Cryptocurrency Services?

More and more banks might soon be adopting cryptocurrencies into the services they offer, according to an article published on CoinDesk this week. A Controversial Technology Cryptocurrencies, like Bitcoin and Ether, have been a contentious topic lately. Because of the relative lack of regulations covering cryptocurrencies, many… Read More

R3 Secures World’s Largest Distributed Ledger Investment with $107 Million

R3, the head of the world’s largest consortium of financial institutions collaborating to build a platform and commercial applications for distributed ledger technologies, announced it had secured $107 million in funding as part of its Series A round. The figure is the largest investment in distributed… Read More

Judopay Announces Ryan Farley as CEO

Judopay, a UK-based “AppCommerce” payments platform, has appointed Ryan Farley as its new CEO. Farley takes over just as Judopay secures reinvestment from key shareholders having exceeded growth expectations over the past year. Judopay predicts mobile commerce (or m-commerce) is set to grow 200% faster… Read More

Secure Growth: PayU & iwoca Team Up to Provide SMEs Quicker Financing

The international lending firm iwoca and payment service provider PayU launched an innovative collaboration aimed at making it easier for SME entrepreneurs, particularly those in the eCommerce and eService industries, to obtain financing for growth. The new solution enables the entire lending process to take place online,… Read More

UK P2P Lending Market Researcher Orca Dives into P2P Provider Rating Services

Orca, a leading independent data, research and analysis providers on the UK P2P lending market has announced its plans to launch its own four-factor rating service for individual P2P providers, the Orca Rating. The rating will be designed in partnership with Dublin City University’s Irish Centre for… Read More

TransferWise Launches Borderless Accounts Eliminating One More Need for Using a Bank

TransferWise, the Fintech unicorn, announced the creation of “Borderless Accounts”. These new accounts make doing business easier as there is no need to pull your funds back into your home account which is typically a bank. As TransferWise explains:  “… now, you can say to… Read More

Clearhaus Invests in Copenhagen Cooperative Bank to Create “All in One Solution”

Typically it is the traditional bank investing in, or acquiring a promising Fintech firm. But in this case it is the other way around. Danish Fintech firm Clearhaus has purchased a 33% stake in Copenhagen Cooperative Bank to adjust its business model. Clearhaus explains that… Read More

The Monetary Authority of Singapore & the International Finance Corporation Join in Fintech Cooperation

The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More

cashpresso Recognized as Best Fintech Startup 2017

Austrian Fintech startup Credi2 GmbH, operating under the brand cashpresso, has received recognition as the Best Fintech Startup 2017 as part of the Banking and Insurance Summit held in Berlin, Germany this week. According to cashpresso, this year approximately 120,000 customers evaluated the 184 participating… Read More

London-Based Robo-Advisor MortgageGym Closes £2M Seed Round

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. The company, which is licensed by the Financial Conduct Authority (FCA), plans to launch this summer and will connect customers seeking a home mortgage with brokers and banks. Customers can upload… Read More

Ethereum Enterprise Alliance Announces 86 New Members Including Toyota, Merck, and Deloitte

The Ethereum Enterprise Alliance (EEA) has announced the addition of over 86 new members to the group. The EEA is an alliance of fortune 500 companies, startups, academics, and technology vendors with a shared goal: to build and develop Ethereum with a clear roadmap for… Read More

Menlo Ventures Closes $450 Million Fund that Will Invest in Fintech & More

Menlo Ventures announced the closing of Menlo Ventures XIV last week, a $450 million fund dedicated to investing primarily in early-stage consumer, enterprise and “frontier technologies”. The funding brings the firm’s total capital to more than $5 billion under management. Menlo management said their current… Read More

Smart Dubai: Implementing Blockchain Across the City, Emirates NBD on Board

Dubai’s pioneering government-backed initiative to implement blockchain technology across the city is now into its third month, and the pilot schemes continue to roll out. The move aims  to secure the city’s reputation as a leading Middle Eastern business center. This month Dubai’s largest bank, Emirates… Read More