Tagged: fintech

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

July 28, 2016 @ 2:53 pm By Samantha Hurst  |  

Dara Albright Media announced on Thursday the launch of its new Fintech event series, which will reportedly focus on how investors of all sizes, businesses in all stages of growth, and financial services providers of all echelons stand to benefit from today’s fintech industry. The company… Read More

July 28, 2016 @ 9:26 am By Erin Hobey  |  

German firms FinTech Group and Rocket Internet have teamed up to build a pan-European digital bank, according to a release. The bank is just the first stage of a “comprehensive technology partnership” between FinTech Group, which operates several fintech-related brands, and Rocket, the giant startup studio famous… Read More

July 28, 2016 @ 9:01 am By Erin Hobey  |  

Elevate, a provider of online credit solutions for non-prime consumers, today announced it has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an additional $100 million to a total of $545 million. “Elevate… Read More

July 26, 2016 @ 12:34 pm By Erin Hobey  |  

The European Commission has launched a call for tenders for a service contract to conduct a study on the fintech sector with a total price that cannot exceed 350,000 Euros, according to a release. The objective of the contract is to better understand the fintech sector… Read More

July 26, 2016 @ 11:52 am By Erin Hobey  |  

News Corp VCCircle, Indian publisher of startup and private equity news, data and information, released News Corp VCCEdge India FinServ Insights related to funding in India’s Fintech sector, with a focus on segments of online personal finance and lending, reported BWDisrupt. News Corp VCCEdge, the financial… Read More

July 25, 2016 @ 10:48 am By JD Alois  |  

What we do know about the Brexit is that uncertainty equals risk. And additional risk compels investors to become more cautious in their actions. With so many unknowns regarding the ramifications of the Brexit decision, it is going to take some time to sort things… Read More

July 19, 2016 @ 1:00 pm By Erin Hobey  |  

With the closing of LendIt’s largest event to date, the Lang Di Fintech Experience, Orchard Platform shared its Head of West Coast & APAC Sales Jeremy Todd‘s initial impressions of the event which focused on the future of fintech not only in China but also globally. Todd participated… Read More

July 19, 2016 @ 12:16 pm By Erin Hobey  |  

Overfunding and still campaigning….The German crowdfunding platform Companisto has four concurrent campaigns overfunding: Mineko, Cringle, eatclever, and poqit.berlin. Many readers may be familiar with the long and windy road involved when utility bills prove incorrect when outrageous sums are supposedly owed.  But what happens when… Read More

July 19, 2016 @ 11:06 am By Erin Hobey  |  

Another indicator that fintech is moving mainstream is the National Directory of Registered Tax Return Preparers & Professionals’ (PTIN) selection of fintech platform Bizfi to provide its tax professionals, accountants, CPAs and their small business clients with access to funding through its aggregation marketplace via a… Read More

July 14, 2016 @ 11:21 am By Erin Hobey  |  

British fintech company XNTree, member of the European fintech accelerator Level39, will set up shop in Seoul’s Yeouido financial district, according to Pulse. A celebration of the announcement coincided with the Seoul Global Fintech Demo Day event on 19 June.  XNTree and Maekyung Media Group have partnered to support Korean… Read More

June 30, 2016 @ 12:45 pm By Samantha Hurst  |  

On Thursday, RealtyShares announced it has appointed Simon Morris as its new Chief Product Officer. The funding platform revealed Morris assumes responsibility for overseeing technology and product development.  According to RealtyShares, Morris has nearly two decades of leadership experience under his belt. Most recently, he served as the… Read More

June 21, 2016 @ 1:30 pm By Erin Hobey  |  

“It’s time to start evening the playing field for women in business,” Lebenthal commented. Alexandra Lebenthal, who Fortune named “The New Queen of Wall Street,” has joined forces with alice + olivia CEO and Creative Director Stacey Bendet to create BankRoll Women, a company that will help women entrepreneurs at… Read More

June 21, 2016 @ 12:55 pm By Erin Hobey  |  

 Today the Chairman of GLI Alternative Finance, a fund owned in part by GLI Finance, Norman Crighton stepped down with immediate effect, according to StockMarketWire. Richard Hills, a non-executive director, will replace Crighton as chairman. GLI Alternative Finance also appointed Ken Hillen, a former head of commercial… Read More

June 21, 2016 @ 8:41 am By Erin Hobey  |  

Between 2010 and 2015 global investment in fintech ventures has grown from $1.8 billion to $22.3 billion, according to Accenture’s latest report on the global fintech landscape. Accenture (NYSE:ACN) has joined a new fintech hub for start-ups based in Tel Aviv, Israel dubbed “The Floor.” As… Read More