Tagged: financial technology

March 4, 2020 @ 7:58 am By Samantha Hurst  |  

Klarna announced on Wednesday that Ant Financial Services Group, the owner and operator of Alipay, has made an investment and taken a minority stake in the payment processing platform. Klarna reported that the investment from Ant Financial will support the further development of their strategic… Read More

March 2, 2020 @ 1:34 pm By Samantha Hurst  |  

Public, a U.S.-based investing mobile app startup, announced on Monday it secured $15 million through its Series B funding round which was co-led by Accel and Greycroft with participation from Dreamers VC, founded by Will Smith and soccer star Keisuke Honda, NFL player J.J. Watt, Girlboss founder and CEO Sophia Amoruso, Scott… Read More

March 2, 2020 @ 10:49 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Monday it has completed the acquisition of FundsLibrary, a company focused on fund document and data dissemination in the European market. Broadridge notably acquired FundLibrary from its parent company Hargreaves Lansdown. As previously reported, Broadridge shared that by combining… Read More

March 2, 2020 @ 8:08 am By Samantha Hurst  |  

BBVA announced late last week the launch of its credit card made out of recycled plastic in Spain. The banking group reported that this launch is part of its commitment to the fight against climate and adopt initiatives that contribute to the Sustainable Development Goals…. Read More

February 27, 2020 @ 8:59 am By Samantha Hurst  |  

Jumo, a South Africa-based fintech that is seeking to build next-generation financial services for emerging market entrepreneurs, announced earlier this week it raised $55 million in debt and equity funding to support its expansion into new markets and the launch of new products. Founded in… Read More

February 26, 2020 @ 11:52 am By Samantha Hurst  |  

DadeSystem, a U.S.-based fintech that provides integrated receivable solutions, announced on Wednesday it secured an additional investment from Wells Fargo Strategic Capital, a subsidiary of Wells Fargo & Company, through its Series D funding round. Founded in 2011, DadeSystem claims to be a leading provider… Read More

February 26, 2020 @ 10:16 am By Samantha Hurst  |  

Pagaya, an artificial intelligence (AI) powered investment manager, announced on Wednesday it has closed its sixth capital markets transaction for a $200 million asset-backed security (ABS), which was led by structuring agent Cantor Fitzgerald. The transaction brings Pagaya’s total assets under management (AUM) to $1.5 billion…. Read More

February 26, 2020 @ 8:00 am By Samantha Hurst  |  

Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday it has completed its first acquisition. The company acquired french payment startup, ProcessOut. The acquisition follows Checkout.com’s $230 million Series A funding round, which values the company at nearly $2 billion. Checkout.com… Read More

February 25, 2020 @ 3:22 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, has successfully secured its initial £250,000 equity crowdfunding target on funding portal, Seedrs. The company is currently offering 9.07% in equity through the funding round, at a £2.5 million pre-money valuation. The latest crowdfunding campaign comes less than two… Read More

February 25, 2020 @ 11:11 am By Samantha Hurst  |  

Just days after Mitsubishi UFJ Financial Group Inc. (MUFJ) was reportedly set to invest more than $700 million in Grab, the Southeast Asian ride-hailing giant announced it secured more than $800 million from Japanese investors, which includes MUFJ and also  TIS Inc. As previously reported,… Read More

February 25, 2020 @ 9:49 am By Samantha Hurst  |  

Envestnet | Yodlee (NYSE: ENV), a data aggregation and analytics platform for digital financial services provider, announced on Tuesday it has acquired FinBit.io, a financial data aggregation and analytics platform provider for the India and Asia market. Founded in 2017,  FinBit.io describes itself as a data analytics… Read More

February 24, 2020 @ 9:47 pm By Samantha Hurst  |  

ClickSWITCH, a U.S. fintech that claims it simplifies and automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, announced on Monday it will be delivering its switching technology to clients of Finastra’s core banking solutions, which are… Read More

February 24, 2020 @ 1:08 pm By Samantha Hurst  |  

Glantus a global provider of financial automation and data intelligence solutions, announced on Monday it has acquired JPD Financial, a Vendor Credit Recovery services provider. According to Glantus, the acquisition will bring new levels of automation and AI to credit recovery and financial processing offered… Read More

February 23, 2020 @ 9:47 pm By Samantha Hurst  |  

Neobanking group Sogexia announced on Monday it has been granted its payment institution license by the Minister of Finances of Luxembourg. The company reported that since 2010 it has been providing to both consumers and corporates the ability to open a payment account in a… Read More

February 20, 2020 @ 2:08 pm By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Thursday it has appointed Mark Shifke as its new CFO. According to Billtrust, Shifke has more than 35 years of financial and legal experience, with his recent position being CFO of Green Dot,… Read More

February 20, 2020 @ 8:15 am By Samantha Hurst  |  

TotallyMoney, a UK-based fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, announced on Wednesday it has signed up its three millionth customer since its launch in 2017. This news comes just a… Read More

February 19, 2020 @ 11:41 am By Samantha Hurst  |  

Global payables platform Tipalti announced on Wednesday it has surpassed $10 billion in annual transactions. The company reported the news coincides with it exceeding 900 customers, once again doubling new customer bookings in 2019. Tipalti also added 65 new team members during the second half… Read More

February 19, 2020 @ 7:25 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Wednesday it has appointed Kahina van Dyke as its new Global Head of Digital Channels and Client Data Analytics. According to Standard Chartered, Kahina joins from Ripple where… Read More

February 18, 2020 @ 1:53 pm By Samantha Hurst  |  

Fintech infrastructure development company Alchemy Technologies announced on Tuesday it appointed former Liberty Lending CEO Walt Ramsey to its Advisory Board. According to Alchemy, Ramsey held various senior leadership as well as executive position at JPMorgan Chase, Lloyds Bank, Experian, GE Consumer Finance, Associates (Acquired by Citigroup) as… Read More

February 17, 2020 @ 1:28 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, has launched a new equity crowdfunding campaign on Seedrs to raise £250,000 at a pre-money valuation of £2.5million. The company is currently offering 9.07% in equity through the funding round. Founded in 2017, the fintech startup allows investors to… Read More