Tagged: fintech

December 13, 2017 @ 3:50 pm By Samantha Hurst  |  

Fintech investment platform Fundnel announced on Tuesday it has partnered with investment advisory and wealth management group Thirdrock to help mid-stage, high-growth companies obtain funding in a more timely and cost-efficient manner. According to Fundnel, the partnership will unite Fundnel’s deal assessment technology with Thirdrock’s forward-looking investment mandate. It… Read More

December 13, 2017 @ 1:54 pm By Samantha Hurst  |  

On Tuesday, global fintech firm InvestCloud announced it has created a digital platform and smartphone app for investment advisor Chilton Trust Company. The company reported that Chilton Trust will be using its InvestCloud Blue product to support its digital capabilities for U.S. clients. According to InvestCloud,… Read More

December 12, 2017 @ 9:20 am By Samantha Hurst  |  

Simility, a provider of machine learning–powered adaptive fraud prevention solution, today announced it has secured $17.5 million during its latest funding round. PayPal, Inc. also participated in the round as a new strategic investor along with existing investors The Valley Fund and Trinity Ventures. This brings Simility’s… Read More

December 8, 2017 @ 1:42 pm By Samantha Hurst  |  

Less than a month after launching its money-saving features Pots, challenger bank Monzo announced that the feature is now available on the Android smartphone app. As previously reported, Pots is described as a simple way to set money aside within a user’s main Monzo account. The bank stated:… Read More

December 8, 2017 @ 10:42 am By Samantha Hurst  |  

On Friday, U.S. fintech and online provider of business valuation big data BizEquity announced it has formed a partnership with Envestnet,  a wealth technology platform for advisors, to offer its patented cloud-based service and product to Envestnet’s 60,000 wealth advisors through the Env 2 platform. The… Read More

December 7, 2017 @ 3:55 pm By Samantha Hurst  |  

Earlier this week, Mexican Senate passed a new bill that was designed to regulate fintech companies and cryptocurrency throughout the country. As previously reported, Mexico’s President, Enrique Peña Nieto declared in September that an initiative will be submitted to regulate and provide a legal framework for fintech… Read More

December 7, 2017 @ 2:59 pm By Samantha Hurst  |  

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. “Financial Technology [Fintech] Providers… Read More

December 7, 2017 @ 11:45 am By Erin Hobey  |  

Marking its 15th anniversary year, BFS Capital, a small business financing platform, has extended over $1.7 billion in financing since funding its first deal in 2002. The company also reported that over 75 percent of its originations have occurred in the last five years and more… Read More

December 6, 2017 @ 11:26 am By Samantha Hurst  |  

Israel-based Viola Investment Group announced on Wednesday it secured $100 million toward a target of $120-$150 million, for a new global FinTech fund. According to the company, this new fund is backed by selected leading global banks, insurance companies and asset managers, including Scotiabank, The Travelers Companies,… Read More

December 5, 2017 @ 12:23 pm By Samantha Hurst  |  

Fintech firm eOriginal, Inc., announced on Tuesday it has appointed Michele Weber as Chief Marketing Officer (CMO), adding critical expertise to the rapidly growing financial services technology company. The company reported it has experienced significant growth as companies adopt digital lending as a way to meet… Read More

December 5, 2017 @ 8:21 am By Samantha Hurst  |  

On Monday, New York University’s Stern School of Business announced it secured $8 million to establish The Fubon Center for Technology, Business, and Innovation. The funds were given by alumnus Richard Ming-Hsing Tsai (MBA ’81), Chairman and CEO of Fubon Financial Holding Co., Ltd. together with Fubon Financial Holding… Read More

December 4, 2017 @ 10:13 pm By Samantha Hurst  |  

Just a couple months after JPMorgan Chase (NYSE: JPM) announced it was acquiring WePay, the payments platform revealed that has officially become a Chase company. WePay stated that it will continue to provide integrated payments to global software platforms. It will also provide instant merchant onboarding… Read More

December 4, 2017 @ 4:00 pm By Samantha Hurst  |  

Atlantic Capital Bank announced on Monday it has appointed Chris Stanley as its new Vice President of Fintech Industry Banking to lead its fintech banking practice. According to the bank, Stanley has over 17 years of experience in corporate banking and supporting technology companies. Prior to… Read More

December 4, 2017 @ 9:06 am By Samantha Hurst  |  

On Monday, mortgage marketplace lender LendingHome announced it has originated more than $2 billion in mortgage loans for homeowners and real estate investors. The online lender revealed that the first billion of originations occurred over the course of 30 months, while it took just 12 months for the… Read More

December 4, 2017 @ 8:53 am By Samantha Hurst  |  

Elsen, a Platform-as-a-Service company for large financial institutions, announced on Monday it has raised $2.4 million in a seed extension round led by Hyperplane Venture Capital with participation from Accomplice, Launch Capital and hand-picked angel investors. Founded in 2014, Elsen stated its nPlatform enables financial institutions to… Read More

December 2, 2017 @ 10:29 am By Samantha Hurst  |  

Earlier this week, Stockholm-based Nordea Bank announced the launch of its Nordea Ventures in order to make strategic investments in fintech start-up companies. According to Nordea, the Nordea Ventures will focus on investments offering mutual strategic value, scalable business models, and unique solutions. Investments are mainly, but… Read More

December 2, 2017 @ 9:36 am By Samantha Hurst  |  

On Friday, Monzo announced it is seeking to open a new office in the city of Cardiff. According to the challenger bank, its London office is currently bursting at the seams, with 171 people working in its headquarters and 67 working remotely. “To help us… Read More

November 30, 2017 @ 1:31 pm By Samantha Hurst  |  

Katipult, a Fintech company based in Vancouver, British Columbia, announced on Thursday it has appointed founding CFO of PayPal, Former Match Group CFO, and former Director of HSBC Investment Bank to its Board of Directors members. This news comes just after the company has listed its… Read More

November 30, 2017 @ 10:47 am By Samantha Hurst  |  

KeyCorp (KEY) announced on Thursday it has formed a strategic investment and partnership with Snapsheet, an innovator of self-service claims solutions for insurance carriers. This investment follows the joint launch and announcement of Snapsheet Transactions, a payment platform on the back end of Snapsheet’s existing claims solution. According… Read More

November 30, 2017 @ 10:20 am By Samantha Hurst  |  

Just a few months after successfully securing $115 million during its Series A Funding Round, Alex Kong, chairman and CEO of Hong Kong-based TNG Fintech discusses the company’s digital wallet business and expansion plans on “Bloomberg Markets: Asia.” TNG Fintech Group describes itself as a… Read More