Tagged: fintech

September 6, 2016 @ 3:08 am By Erin Hobey  |  

The UK innovation agency Nesta is planning a “multi-million pound” challenge prize programme aimed at encouraging fintech startups to build data-driven comparison tools to support small businesses in selecting financial products and services.The two-year programme is closely allied to a regulatory agenda aimed at enhancing… Read More

September 2, 2016 @ 4:26 am By Erin Hobey  |  

Cringle, a smartphone app used to send money quickly within Europe, is continuing to rally on Companisto.  To date, the fintech app has garnered over 459,010€ from nearly 1000 investors for 8.89% share offered.  The startup’s original funding goal was 400K€, which was surpassed and the campaign was extended to close in… Read More

September 1, 2016 @ 3:27 am By Erin Hobey  |  

Currencycloud, an international payments engine, announced a new partnership with Arkéa Banking Services, a subsidiary of Credit Mutuel Arkéa. Through the partnership, Currencycloud will offer Euro bank accounts to its clients as well as have direct access to European payments systems, according to the release. Currencycloud’s clients will… Read More

August 30, 2016 @ 4:11 pm By Samantha Hurst  |  

This week, Finvasia announced it has received an undisclosed investment during its pre-launch phase. The India-based fintech company revealed it has a valuation of Rs 150 crore, and the round was led by Intrinsic Investment Limited with participation from other venture capitalists. Founded in 2009 by Sarvjeet Singh… Read More

August 30, 2016 @ 12:43 pm By Samantha Hurst  |  

On Tuesday, technology giant IBM announced it is set to join the fintech hub in Toronto’s MaRS Discovery District. The high profile company is said to be the first technology resident that will be located in the space, which is occupied by mainly financial services… Read More

August 25, 2016 @ 11:50 am By Erin Hobey  |  

Indian SME lender Lendingkart announced new hires plucked from Amazon and PayU India, reported Pymnts.com. Vishal Chopra, a former Amazon India exec, will join Lendingkart’s team as CRO, while Nihit Nirmal, formerly of PayU India, will join as SVP of products. “Lendingkart Group NBFC has emerged as… Read More

August 24, 2016 @ 5:28 pm By Samantha Hurst  |  

Mumbai-based non-banking financial company, InCred Finance, announced on Monday it secured Rs 500 crore ($75 million) during its funding round, which was led by Anshu Jain, the former co-CEO of Deutsche Bank, with participation from angel investors and private equity firms. According to Business Standard, Jain invested… Read More

August 23, 2016 @ 4:00 pm By Erin Hobey  |  

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

August 23, 2016 @ 12:05 pm By Erin Hobey  |  

Bank of Japan Governor Haruhiko Kuroda said the central bank may finally apply fintech to its future operations  given its growing influence on global payments, settlements and financial services, reported Reuters. Signaling that the BOJ is ready to initiate research to promote Japanese fintech given it has “various… Read More

August 23, 2016 @ 11:24 am By Erin Hobey  |  

Financeit today announced the launch of Financeit Direct, a direct-to-consumer financing platform. available 24/7 from any location on any device. Aiming to streamline point-of-sale financing which has traditionally been a complicated and paperwork-heavy process only accessible to large merchants, Financeit Direct is mobile-enabled and fully paperless…. Read More

August 22, 2016 @ 12:49 pm By Samantha Hurst  |  

Equity crowdfunding platform Invesdor announced this week that the first annual Helsinki Blockchain Conference is set to be held on August 26th at Microsoft Flux. The funding portal shared the event’s description, which reads: “We are delighted to invite you to Helsinki Blockchain Conference 2016,… Read More

August 19, 2016 @ 11:15 am By Erin Hobey  |  

Rakuten, Inc. announced the opening of the Rakuten Blockchain Lab (R.B.L.) in Belfast, Northern Ireland, UK, planned for August 22, 2016 on its website and blog. R.B.L. will be a dedicated research and development organization within Rakuten, focused on blockchain technology and its potential applications in… Read More

August 19, 2016 @ 8:19 am By Erin Hobey  |  

Co-founded by Joschka Friedag, Malte Klussmann,  Konrad Maruszewski and Frane Bandov, Cringle, celebrating 336% overfunding on Companisto, is a smartphone app used to send money quickly to friends in Europe. By cooperating with the user’s principal bank, the app guarantees one’s bank’s normal high security standards. Cringle counts the Deutsche Kreditbank AG (DKB) as a partner. Over… Read More

August 12, 2016 @ 10:34 am By Samantha Hurst  |  

On Friday, Mizuho Bank and Fujitsu announced they have teamed up for a fintech field trial that is aiming to provide electronic invoice and payment, along with automated accounts receivable reconciliation services that use electronic invoicing and financial EDI. This trial is part of an agreement,… Read More

August 11, 2016 @ 10:38 am By Erin Hobey  |  

India-based P2P lending platform Faircent has raised $1.5 million from Brand Capital, the investment arm of the media conglomerate Bennett Coleman and Co, according to The Economic Times. “The investment proves and strengthens our brand conviction towards disrupting credit in India,”  Faircent CEO Rajat Gandhi told the Economic Times. “Our… Read More

August 11, 2016 @ 10:12 am By Erin Hobey  |  

Finova Financial, a cloud and mobile-based consumer auto title lending platform, has raised $52.5 million in a combination of equity and a credit facility, claiming to be one of the largest initial rounds in FinTech industry history, announced the platform. The funding round was led by… Read More

August 10, 2016 @ 2:46 pm By Samantha Hurst  |  

Holvi, a Finland-based fintech startup, has officially been acquired by multinational Spanish banking group, BBVA. Founded in 2011, Holvi notably provides entrepreneurs and SMEs with a “regulated one-stop-shop” to collect income, manage expense and offer a real-time view of finances, which includes online sales platform, invoicing… Read More

August 5, 2016 @ 10:15 am By Erin Hobey  |  

Westpac announced another AUS$50 million commitment into a second fund to be managed by Reinventure Group, according to a release. Reinventure, cofounded by Danny Gilligan and Simon Cant, makes investments from Seed through to Series A and up, with a particular focus on disruptive technologies with a direct… Read More

August 5, 2016 @ 8:08 am By Erin Hobey  |  

The robo-investor Wealthify plans to raise £1 million in capital from the crowd through Seedrs. Continuing its mission to democratize investing in the UK, the online investment service, which went live in April, plans to launch its public crowdfunding campaign on 12 September. Priority access will be given… Read More

August 4, 2016 @ 9:10 pm By Erin Hobey  |  

Earlier this year OCBC Bank launched a fintech co-working space and innovation unit in Singapore and its first accelerator program to identify and collaborate with innovative startups.  Now, a few months later, OCBC Chief Executive Samuel Tsien emphasized the ongoing commitment to welcoming and strengthening… Read More