Tagged: fintech

September 28, 2016 @ 9:33 am By Samantha Hurst  |  

This week, fintech startup AlphaStreet announced the launch of its new iOS app dedicated to on-the-go individual investing. The free app allows users to access their accounts directly from their iPhone. Sharing details about the app, Vishnu Beri, CEO of AlphaStreet, stated: “AlphaStreet’s goal is to make investing… Read More

September 27, 2016 @ 12:17 pm By Samantha Hurst  |  

On Tuesday, the Chamber of Digital Commerce announced it formed a partnership with technology incubator, 1776, to open the Blockchain Innovation Center in Washington, D.C. The organizations revealed that the center would serve as the city’s entrepreneurial resource for technology providers and governments investing and innovating… Read More

September 26, 2016 @ 12:45 pm By Samantha Hurst  |  

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a global IT services, consulting and business solutions organization, announced on Monday it has been named number one of the 2016 IDC Financial Insights FinTech Rankings Top 100. The company stated it earned the top position for… Read More

September 23, 2016 @ 2:23 pm By Samantha Hurst  |  

XY Planning Network, an organization of fee-only financial advisors, announced this week the launch of its new fintech solution, AdvicePay, a payment processing solution that allows for compliant billing of recurring retainers.The platform will also allow XYPN members to charge monthly retainer fees to clients through bank accounts… Read More

September 23, 2016 @ 9:37 am By Samantha Hurst  |  

London fintech startup, CityFALCON, recently launched an equity crowdfunding campaign on Seedrs to raise £150,000 as it prepares for expansion of its personalized financial news feed. The company, which has received awards from Twitter, Ontario, UBS, SB, stated it is redefining how financial news is sourced,… Read More

September 22, 2016 @ 5:27 am By Erin Hobey  |  

P2P Global Investments and Zopa have teamed up to work on Europe’s first securitization of unsecured consumer loans originated online, reported Bloomberg. The £138M ($179 million) transaction is backed by 27,137 loans to individuals, according to Moody’s Investors Service, with a weighted average seasoning of 10 months and a maximum loan… Read More

September 21, 2016 @ 2:51 pm By Samantha Hurst  |  

On Tuesday, private investment company Marvelstone Group announced it developed a new fintech hub, called LATTICE80, and will be launching it in Singapore.The company stated that LATTICE80 will be located in the Central Business District (CBD), an area that is notably close to the key financial… Read More

September 16, 2016 @ 8:42 am By Erin Hobey  |  

Crowdfund Insider has linked with the Hong Kong-based fintech accelerator SuperCharger as its media partner in time to cover round 2.0 of its accelerator program. SuperCharger’s strategic sponsors, including Standard Chartered Bank and Fidelity International, share the goal of instigating a more dynamic fintech market in Hong Kong. SuperCharger is… Read More

September 15, 2016 @ 5:17 pm By Samantha Hurst  |  

MoneyLion, the mobile personal finance platform, announced on Thursday it has closed its portfolio financing line with the Macquarie Group. The company revealed that the Macquarie funds, which are combined with existing facilities from institutional investors as well as equity capital from the FinTech Collective and other VCs, provide… Read More

September 15, 2016 @ 3:46 pm By Samantha Hurst  |  

On Thursday, San Francisco fintech company, Ripple, announced it raised $55 million during its recent Series B Funding round. The company revealed new investors Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank, and SBI Holdings contributed to the round along with… Read More

September 14, 2016 @ 12:41 pm By Samantha Hurst  |  

On Wednesday, UK-based fintech company, Ebury, announced its customer base has increased by 50% in the past year and saw its lending volumes more than double. The company reports that this rapid growth was fueled by its partnership with Avoka, a digital customer acquisition for… Read More

September 14, 2016 @ 9:18 am By Samantha Hurst  |  

Earlier this week, Revolut announced that more than 3,000 companies have signed up for its soon-to-launch business program, Revolut for Business.  Revolut allows individuals the ability to pay or transfer foreign currencies at the “best rate” with no hidden fees (something frequently associated with old… Read More

September 13, 2016 @ 5:22 pm By Samantha Hurst  |  

Last week,  founders of Africa Courier Express (ACE), Tunde Kehinde and Ercin Eksin, announced the launch of a new financial services platform called Lidya. The portal was notably founded to improve access to credit and finance across the African continent and for Africans living in the… Read More

September 13, 2016 @ 4:02 pm By Samantha Hurst  |  

WeLab, a Hong Kong-based fintech company, announced last week it has secured a credit facility of $25 million from ING Bank as part of its expansion and enable the company to meet rapidly growing demand for its loans in Hong Kong. Sharing details about the credit facility, WeLab… Read More

September 13, 2016 @ 12:07 pm By Samantha Hurst  |  

Sourcery, a California-based digital payments and commerce platform that focuses on the accounts payable within the food and hospitality industry, announced on Tuesday it has successfully secured $5 million during its latest venture round, which was led by Marker LLC with Steadfast Capital and existing investors…. Read More

September 13, 2016 @ 9:48 am By Samantha Hurst  |  

Wealthify, the online investment service, officially launched its equity crowdfunding campaign on Seedrs on Monday and quickly secured half of its £1 million funding goal. The company reported that over 500 investors pre-registered for early access to the initiative on September 9th. Wealthify is described… Read More

September 13, 2016 @ 7:00 am By Erin Hobey  |  

Point, claiming the title as the first financial technology platform that allows homeowners to unlock their home equity wealth without taking on new debt, announced today that it has raised $8.4 million in Series A funding led by Andreessen Horowitz which also led the company’s… Read More

September 9, 2016 @ 4:07 pm By Samantha Hurst  |  

Earlier this week, chief executive of the Hong Kong Monetary Authority, Norman T.L. Chan, announced the organization is set to collaborate with the Applied Science and Technology Research Institute (ASTRI) to set up its own Fintech Innovative Hub. Chan revealed that the Fintech Innovation Hub… Read More

September 8, 2016 @ 5:57 am By Erin Hobey  |  

The word on the street is that one of the US’ largest online lenders, SoFi, is pitching a new $500 million fundraising effort, according to the WSJ; the San Francisco-based privately held lender helmed by CEO Mike Cagney will reportedly use the funding for new growth initiatives among mass-market borrowers and… Read More

September 6, 2016 @ 3:35 am By Erin Hobey  |  

In order to accelerate growth, the Irish P2P lending platform Linked Finance — Ireland’s first — has moved from a model where lenders “bid” the interest rate they would offer to a company seeking funds, to one where a fixed-rate is set at the beginning… Read More