Tagged: fintech

December 27, 2016 @ 3:46 pm By Samantha Hurst  |  

Spanish banking group, BBVA, recently announced it has acquired, Openpay, a fintech startup and payment service provider (PSP) that facilitates e-commerce, including on mobile devices, for large businesses and SMEs.  According to BBVA, Openpay combines a cutting-edge, real-time platform that allows users to make card,… Read More

December 26, 2016 @ 11:09 am By Samantha Hurst  |  

Credit China FinTech Holdings Limited, an integrated fintech service provider in China, announced on Friday it would establish its Southeast Asia headquarters in Singapore by the end of the first quarter of 2017 to speed up the expansion of its business overseas. According to Credit… Read More

December 23, 2016 @ 2:56 pm By Samantha Hurst  |  

Fintech platform for digital media companies, BillFront, recently announced it raised $35 million during a Series A Funding round. Investors who participated in the funding round included 4Finance, NIBC Bank, and FinLeap. BillFront, which was founded in 2015 and based in London, describes itself as… Read More

December 23, 2016 @ 11:51 am By Samantha Hurst  |  

Central Bank of Iran (also known as CBI) announced earlier this week that it is planning to launch its very own fintech regulatory body. According to the director of CBI’s Office for Innovative Technologies, Ali Kermanshah, the organization has been working on fintech regulations since 2012,… Read More

December 22, 2016 @ 11:58 am By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Thursday it is teaming up with Xpress Money once again to launch instant money transfers to Bangladesh. The companies revealed earlier this week they were working together to offer instant remittances in Pakistan. According to WorldRemit, customers will… Read More

December 21, 2016 @ 4:20 pm By Samantha Hurst  |  

Santander InnoVentures, the fintech venture capital fund of Santander Group, recently announced its latest portfolio investment was made in Tradeshift, a business commerce and supply chain finance platform. According to Santander InnoVentures, Tradeshift is used by a range of Fortune 500 companies, which includes  DHL and… Read More

December 21, 2016 @ 3:23 pm By Samantha Hurst  |  

WorldRemit’s expansion plans continue. Less than a week after announcing it was expanding into Russia, Ethiopia, Uganda, Western/Central Africa and Pakistan, the digital money transfer service announced it was launching a new cash pick up service in Lebanon. Through its app or website, WorldRemit’s users in more… Read More

December 21, 2016 @ 2:09 pm By Samantha Hurst  |  

Cardlay, a front-end card management platform and cardholder application based in Denmark, announced it secured $4 million from a group of private investors during a funding round. The company stated it now form partnerships with banks to serve as a front-end platform and will assist… Read More

December 20, 2016 @ 12:31 pm By Samantha Hurst  |  

Following the news that BlueVine secured $49 million during its Series D funding round, the fintech startup announced it was launching a new scholarship program specifically for young entrepreneurs. The company stated its Young Entrepreneurs Scholarship program aims to motivate and support aspiring business owners… Read More

December 20, 2016 @ 9:16 am By Samantha Hurst  |  

Hong Kong is set to host the Next Money Fintech Final 2017 as part of the StartmeupHK Festival. The event, which is brought to the community by credit card giant Visa, will be held on January 18-19th 2017 at the PMQ and is expected to host… Read More

December 20, 2016 @ 8:56 am By Samantha Hurst  |  

On Monday, L’Atelier BNP Paribas announced the second season of its fintech & corporate accelerator. The four-month program was reportedly designed to help enable various businesses to embark on an open innovation project with specific strategic objectives such as the search for growth or internal… Read More

December 19, 2016 @ 11:23 am By Samantha Hurst  |  

On Monday, Nigeria-based fintech startup, Paystack, announced it raised $1.3 million during its seed funding round. Those who participated in the round included Tencent, Comcast Ventures, and Singularity Investments. The company, which was founded by Shola Akinlade and Ezra Olubi, is a Y Combinator-backed startup,… Read More

December 15, 2016 @ 2:19 pm By Samantha Hurst  |  

On Thursday, the Australian Securities and Investment Commission (ASIC) announced a licensing exemption that will allow eligible financial technology (also known as fintech) businesses to test certain specified services without holding an Australian financial services or credit license. According to the ASIC, the fintech licensing… Read More

December 15, 2016 @ 11:44 am By Samantha Hurst  |  

FinTech Sandbox, a nonprofit that helps fintech startups access data and build great products, announced on Thursday one of its alums, Data Simply, has signed on to be a data partner and provide data to innovative startups that are selected by the organization. Data Simply… Read More

December 14, 2016 @ 10:56 am By Samantha Hurst  |  

Unkapt, an Australia-based fintech startup, announced this week it is launching in Southeast Asia. The company stated it is an alternative lending, cross-border capital raising platform offering APAC small and lower middle market issuers (SMEs) the opportunity to use innovative financing to raise capital among a network… Read More

December 14, 2016 @ 8:41 am By Samantha Hurst  |  

BlueVine, an online lender that provides factoring finance, announced on Wednesday is has secured $49 million during a Series D funding round, which was led by existing investors including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, Rakuten FinTech Fund, and Silicon Valley Bank. Since… Read More

December 13, 2016 @ 10:37 am By Samantha Hurst  |  

Innovate Finance, the membership association for global fintech, announced the launch its first ever fintech startup competition. Pitch360. The organization revealed that the competition, which is open to both startups and institutions from around the world, aims to strengthen the global FinTech community by showcasing the… Read More

December 9, 2016 @ 2:23 pm By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Friday it is teaming up with African financial institution Guaranty Trust Bank (GTBank) have launched new money transfer routes to West and Central Africa. With the WorldRemit app or its website, users may now send secure overseas money transfers to any bank account in… Read More

December 9, 2016 @ 10:44 am By Samantha Hurst  |  

Canadian fintech startup Symend Inc. announced on Thursday it secured $1 million through its first seed funding round. The company revealed that key investors included founding partners and angel investors. Symend stated it would focus initially on helping utility providers, telecoms, and unsecured credit card suppliers recoup… Read More

December 9, 2016 @ 10:14 am By Samantha Hurst  |  

The Venture Center announced on Thursday, in conjunction with FIS and the Governor of Arkansas’s office, it is now accepting applications for the second portfolio of its globally competitive financial technology accelerator program, VC FinTech Accelerator. According to The Venture Center, the VC FinTech Accelerator… Read More