Tagged: fintech

June 28, 2017 @ 4:39 am By Jonathan Nieh  |  

This week, it was announced that Visa was purchasing a stake in Swedish fintech company Klarna. Details of the deal were not released, but numerous sources report that Klarna will be issuing a new series of equity following the deal. E-commerce Payments Solution Klarna, which was… Read More

June 27, 2017 @ 3:42 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it has extended its AML/KYC identity verification global footprint into Thailand. This news comes just a few months after the company expanded its solution into Korea. According to Trulioo, the extended coverage will also help… Read More

June 27, 2017 @ 10:54 am By Samantha Hurst  |  

Boston-based fintech and investment analytics firm, FinMason, announced on Tuesday it has signed AlphaStreet as its first startup to its newly launched FinSpring Program. According to FinMason, AlphaStreet will be the first to leverage the program’s free access to FinRiver, a set of flexible and… Read More

June 27, 2017 @ 8:35 am By Samantha Hurst  |  

dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, announced on Tuesday it launched Marketplace Payments, a new payments product designed specifically for marketplaces whose buyers or sellers are based in emerging markets. With dLocal’s Marketplace Payments, companies can easily enable… Read More

June 23, 2017 @ 2:59 pm By Samantha Hurst  |  

The Tokyo Metropolitan Government (TMG) announced on Friday it is set to invite foreign companies to participate in the upcoming FinTech Business Camp Tokyo event. It was revealed: “TMG is preparing a new plan which can be termed the ‘Financial System Reform in Tokyo —… Read More

June 23, 2017 @ 10:59 am By Samantha Hurst  |  

Dutch fintech firm Adyen announced on Friday it has received a pan-European banking license that allows it to bypass banks and process cross-border payments directly to its merchant customers. According to Adyen’s chief executive, Pieter van der Does, the Amsterdam-based company received the license in… Read More

June 23, 2017 @ 10:44 am By Samantha Hurst  |  

Microsoft Accelerator Shanghai (MASH), which was launched in January 2017, hosted its first batch’s graduation and demo day on Thursday. The event showcased a total of 14 startups that participated in the program. According to the program,10 out of the 14 startups have received new… Read More

June 22, 2017 @ 3:00 pm By Samantha Hurst  |  

Fintech company OpenFin announced on Wednesday that former Goldman Sachs CTO Paul Walker as been appointed to its board of directors. This news comes just a couple months after the firm secured $15 million during its Series B funding round, which was led by J.P. Morgan, Euclid Opportunities,… Read More

June 22, 2017 @ 2:00 pm By Samantha Hurst  |  

AirAsia announced this week plans to launch its very own fintech platform later this fall. According to CEO, Tan Sri Tony Fernandes, the company is currently waiting for approval from Bank Negara Malaysia for the new program, which was named “The Big.” The new program… Read More

June 22, 2017 @ 9:36 am By Samantha Hurst  |  

Modalku, an Indonesia-based peer-to-peer lending fintech startup, announced this week it is now fully registered with the Otoritas Jasa Keuangan (OJK). Founded in 2016, Modalku describes itself as an online marketplace for small businesses to acquire loans and for lenders to fund small business loans to… Read More

June 22, 2017 @ 8:59 am By Samantha Hurst  |  

Hong Kong-based credit insurance provider Atradius announced on Thursday the launch of its new digital fintech platform, Atrium. The company describes the portal as an innovative tool that provides customers and distribution partners with real-time data to better understand buyers, credit limits, and risks a… Read More

June 22, 2017 @ 8:46 am By Samantha Hurst  |  

Mumbai-based fintech startup Kissht announced this week that it has secured $2 million from early-stage venture capital firm Endiya Partners and Ventureast. Launched in 2015, Kissht’s app now allows users to purchase items on EMI without using a credit card through collateral-free loans. The service… Read More

June 21, 2017 @ 5:29 pm By Cole Lyons  |  

In a recent announcement, SWIFT offered up to €200,000 in funding to Fintechs around the world to develop new overlay services that utilize their new global payments innovation (gpi) platform. The two winning Fintech companies of an Industry Challenge will work with banks on innovations that… Read More

June 21, 2017 @ 4:44 pm By Samantha Hurst  |  

London-based fintech startup TrueLayer, successfully raised $3 million during its Series A funding round, which was led by Anthemis Group, with participation from Connect Ventures. The company, which was launched in a private beta earlier this year, seeks to help developers build innovative financial services… Read More

June 21, 2017 @ 3:52 pm By Samantha Hurst  |  

Cybersecurity company WISeKey announced on Wednesday the launch of its artificial intelligence and blockchain Centre of Excellence located in India that will support its global projects. According to the company, The India location will be working to expand its AI project, WISeAI-integrating the WISeKey Indian… Read More

June 21, 2017 @ 12:22 pm By Samantha Hurst  |  

London-based fintech firm Soldo announced it secured $11 million during its Series A funding round, which was led by Accel with participation from Connect Ventures, InReach Ventures, U-Start, and R2014 Partners. As previously reported, Soldo revealed last fall plans to launch a multi-user spending account that’ll… Read More

June 21, 2017 @ 11:28 am By Samantha Hurst  |  

Ernst & Young LLP (EY) announced on Wednesday the launch of its new Union Square Innovation Center in New York City. According to the company, the center will focus on financial services and is a flagship location for EY wavespace, its global growth an innovation… Read More

June 21, 2017 @ 10:24 am By Samantha Hurst  |  

Digital Financial Services Lab (DFS Lab) announced on Tuesday it is set to invest $250,000 in four separate fintech startups that are building products that help low-income consumers in developing markets. The startups are Inclusive (based in Ghana), Pula (based in Kenya), Pezesha, (based in Kenya), and… Read More

June 20, 2017 @ 11:12 am By Samantha Hurst  |  

Just a little over six months after securing more than £205,000 on Seedrs, London-based fintech startup CityFALCON has returned to the equity crowdfunding platform. The company, which was seeking to raise 150,000, has already achieved its initial funding target and is now nearing £185,000 thanks… Read More

June 20, 2017 @ 9:37 am By Samantha Hurst  |  

New York-based fintech firm Boost Payment Solutions, recently announced has closed a round of funding from San Francisco’s Mosaik Partners. Founded in 2009 by Dean Leavitt, the company’s proprietary B2B gateway platform, Boost Intercept, offers B2B-specific reporting capabilities that allow enterprises that accept commercial card… Read More