Tagged: fintech

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

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