Tagged: fintech

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

December 8, 2016 @ 3:57 pm By Samantha Hurst  |  

Australian fintech company Inamo and French embedded security software product provider Oberthur Technologies (OT) announced on Thursday they formed a partnership. OT is set to provide its digital payment enablement technology to Inamo’s wearable solutions, which includes the company’s new product, CURL. Sharing details about… Read More

December 8, 2016 @ 1:40 pm By Samantha Hurst  |  

Canadian international bank Scotiabank and U.S. venture capital firm QED Investors announced on Thursday their partnership and mission to bring capital and industry expertise to select Latin American fintech companies. According to the companies, QED Investors will bring its deep expertise in the financial services sector… Read More

December 8, 2016 @ 11:46 am By Samantha Hurst  |  

Financial technology provider FIS (NYSE: FIS) announced on Thursday it was launching a new network specifically for early stage fintech companies. The FIS HiPo (short for “high potential”) Network is described as a collection of firms that have demonstrated substantial promise in the development of new tools and… Read More

December 8, 2016 @ 10:45 am By Samantha Hurst  |  

Citi FinTech, a unit within Citi’s Global Consumer Bank, announced on Thursday the launch of its first product, the Citi Mobile App for iPhone. This new app combines banking, wealth management, and money movement capabilities, which were developed by the fintech group. While sharing details… Read More

December 8, 2016 @ 10:13 am By Samantha Hurst  |  

Senjō Group, a global payments operator and fintech investment firm, announced on Thursday it has formed a partnership and invested $1.2 million in Singapore-based B2B service, Tjaara Pte. Ltd.   Tjaara, or “Marketplace” in Arabic, reportedly acts as a global purchaser to numerous unaligned wholesalers and businesses… Read More

December 7, 2016 @ 3:40 pm By Samantha Hurst  |  

Earlier this week, the Federal Reserve published a research paper on fintech monitoring. According to the organization, this new paper refers the technology as a combination of components such as peer-to-peer networking, distribution data storage, and cryptography. The Federal Reserve revealed in the document: “Digital… Read More