Tagged: fintech

January 30, 2017 @ 11:35 am By Samantha Hurst  |  

Canadian fintech company MOBI724 Global Solutions Inc. (CSE: an equity privateMOS), announced on a private equity it closed placement in the aggregate amount of $553,000 by issuing 4,608,333 common shares (“Shares”) at $0.12. For each common share received, the subscribers were issued one common share… Read More

January 30, 2017 @ 11:10 am By Samantha Hurst  |  

BNP Paribas Securities Services announced on Monday it is backing the growth of Fortia Financial Solution by taking a minority stake in the fintech startup. Fortia Financial Solution, which was founded in 2012, is described as a software company which uses artificial intelligence, machine learning, and business… Read More

January 30, 2017 @ 7:55 am By Samantha Hurst  |  

International finance center Abu Dhabi Global Market (ADGM) announced on Monday it formed a partnership with Temenos for the upcoming Abu Dhabi Fintech Innovation Jam, which will take place on March 7th. The event will notably showcase innovative software for financial institutions through 14 fast-paced, 7-minute demos…. Read More

January 27, 2017 @ 1:47 pm By Samantha Hurst  |  

Canadian multinational bank Scotiabank announced on Friday it is launching what it calls a “Digital Factory” as a way to help accelerate the fintech industry while also helping to improve its customers’ experience in mobile and digital banking transactions, account opening, loan adjudication, and mortgage… Read More

January 26, 2017 @ 9:02 am By Samantha Hurst  |  

FinTech Acquisition Corp. II (NASDAQ:FNTEU), a blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities in the financial technology industry, announced on Thursday it completed its initial public offering (IPO) of 17.5 million units at a price… Read More

January 24, 2017 @ 12:52 pm By Samantha Hurst  |  

Fifth Third Bancorp (Nasdaq: FITB) announced last week that it had engaged QED Investors to assist and help formulate a Fintech Strategy.  Fifth Third, like many traditional financial firms, is waking up to a new world where financial services are changing. The bank is pretty… Read More

January 24, 2017 @ 11:59 am By Samantha Hurst  |  

Canada fintech firm Goldmoney Inc. (TSX: XAU) announced on Monday its Network accounts and Wealth Holdings have been endorsed as Shariah-compliant by the Shariah Supervisory Board of Amanie Advisors. The company stated that Islamic investors may now instantly purchase, save, and transact in gold globally… Read More

January 24, 2017 @ 10:29 am By Samantha Hurst  |  

Alpaca, a California-based Fintech startup building AI and database technology for financial trading, on Tuesday the closing of its venture round, which has secured $1.75 million. Participants of the latest round include D4V, a joint-venture fund by IDEO and Genuine Startups, Monex Ventures of Monex… Read More

January 24, 2017 @ 8:38 am By Samantha Hurst  |  

On Tuesday, Equifax Canada (NYSE: EFX) announced it officially launched the first phase of a new multi-million dollar technology platform, which will provide Canadian financial institutions with insights to help them understand their customers’ needs and motivations. According to Equifax Canada, the new platform will… Read More

January 23, 2017 @ 9:45 am By Samantha Hurst  |  

CoAssets Limited, a Singapore-founded Fintech firm that is listed on the ASX (ASX: CA8), announced over the weekend it has invested RMB 1 Million (approx. A$194,000) in Fujian’s Da Xian Bing Internet Technology Ltd (“Da Xian Bing”).  The company stated that the investment, for 10% of Da… Read More

January 23, 2017 @ 9:12 am By Samantha Hurst  |  

Startupbootcamp FinTech announced on Monday it has selected 10 startups to join its inaugural program in Mumbai. The group was selected from the Top 20 teams that made it to this round, after four months of scouting and nearly 300 applications from roadshows across Asia,… Read More

January 20, 2017 @ 11:01 am By Samantha Hurst  |  

FinTech Acquisition Corp. II, a blank-check company that acquires or merges with one or more businesses or entities in the fintech industry, announced the pricing of its initial public offering of 15.3 million units at a price of $10 per unit, for gross proceeds to the… Read More

January 20, 2017 @ 9:16 am By Samantha Hurst  |  

Philippine-based startup Ayannah, a provider of affordable and accessible digital financial services for the world’s unbanked, was named Best in Show by the judges at the Fintech Finals 2017 (FF17) pitch competition at PMQ in Hong Kong on Thursday night. The second annual event, which was… Read More

January 19, 2017 @ 9:18 am By Samantha Hurst  |  

LendIt, the global lending and fintech conference series, announced on Thursday the finalists for its first annual LendIt Industry Awards. The organization revealed that out of hundreds of applicants worldwide, the selected finalists were placed in  18 categories, which notably celebrate fintech market leaders, emerging… Read More

January 18, 2017 @ 4:51 pm By Samantha Hurst  |  

Motive Partners, an investment firm focused exclusively on fintech companies, has officially launched and is seeking to invest, operate and innovate across the financial technology ecosystem. The firm, which now has offices in London and New York City, stated it was launched to address the… Read More

January 18, 2017 @ 3:00 pm By Samantha Hurst  |  

Credit China FinTech Holdings Limited, an integrated fintech service provider in China, was announced as a founding member of the newly developed organization, Global Blockchain Business Council (GBBC). Credit China FinTech is reportedly one of the 25 founding members of the GBBC and is considered the only… Read More

January 18, 2017 @ 2:12 pm By Samantha Hurst  |  

Onfido, a global identity verification company, announced this week it is helping to bring financial services to the 2 billion unbanked individuals worldwide with its Machine Learning-based solution. The company stated it plans to use its proprietary technology to verify people’s identification by comparing an identity document… Read More

January 18, 2017 @ 8:45 am By Samantha Hurst  |  

Chilean-based fintech startup Destacame announced the closing of its seed round of financing.The round was led by Accion Venture Lab, the seed-stage investment vehicle of Accion. Destacame describes itself as an alternative credit scoring platform that uses alternative data to assess an individual’s creditworthiness. Destacame’s proprietary… Read More

January 17, 2017 @ 11:28 am By Samantha Hurst  |  

Starburst Labs, a maker of web-and-mobile apps for an ecosystem of individual investors, financial advisors, broker-dealers, and financial media brands, has announced it has closed a Series A round of funding totaling $6.25 million.  The company stated it creates, designs, develops, and operates a vertically… Read More

January 16, 2017 @ 4:43 pm By Samantha Hurst  |  

SuperCharger Fintech Accelerator announced the launch of its 2.0 program on January 9th in the newly opened Cyberport FinTech Smart Space. The accelerator welcomed the program’s eight fintech start-ups and scale-up participants, which are Bambu, Clare.ai, Entersoft, FinChat, Foris, KYC Chain, Squirro, and Xnotes Alliance. The companies… Read More