Tagged: fintech

April 28, 2016 @ 1:05 pm By Erin Hobey  |  

Last October seeking to modernize the way venture capital funds are formed and how they invest, the NYC-based investment crowdfunding platform Onevest launched 1000 Angels.  Aiming to be the “world’s largest digital-first, invitation-only investor network,” 1000 Angels includes OneVest co-founders Tanya Prive and Alejandro Cremades, Managing Partner Erica Duignan… Read More

April 28, 2016 @ 1:03 pm By Erin Hobey  |  

wiseAlpha, an online platform that allows people to invest in secured corporate loans of blue-chip British brand name companies such as Virgin Media, RAC, United Biscuits and Eddie Stobart, aims to give people the opportunity to earn a higher rate of interest and diversify their… Read More

April 27, 2016 @ 12:20 pm By Erin Hobey  |  

Income tax returns e-filing website ClearTax has secured an angel investment of $1.3 million from top Silicon Valley angels. ClearTax was founded in 2011 by the father-son team of Raja Ram Gupta and Archit Gupta, Srivatsan Chari and Ankit Solanki, ClearTax is the fourth Indian start-up  funded… Read More

April 27, 2016 @ 11:16 am By Samantha Hurst  |  

This week, Business Insider announced its 40 Coolest People in UK Fintech list. This list features entrepreneurs, venture capitalists, regulators, hackers, and investors. The media outlet declared: “We looked at who’s done cool and interesting things in the past year, including companies that have raised money or… Read More

April 27, 2016 @ 8:27 am By Samantha Hurst  |  

Online provider of working capital financing to small businesses, BlueVine, announced on Wednesday that it has secured a strategic investment from Citi Ventures. This investment will support the company’s growth as it continues to develop its capital financing platform for small businesses and expand. Eyal… Read More

April 21, 2016 @ 12:07 pm By Erin Hobey  |  

Distributed ledger outfit Digital Asset Holdings has acquired Zurich-based Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations in blockchain collaboration agreements. Digital Asset noted in a release that Elevence’s technology complements its existing software by providing a new, verifiable… Read More

April 21, 2016 @ 11:38 am By Erin Hobey  |  

BMO Financial Group wants to ensure that the next big idea gets the support needed to ensure the idea come to fruition and will ultimately benefit Canadian consumers. By partnering with the DMZ at Ryerson University, one of Canada’s largest business incubators, BMO hopes to identify innovative minds geared toward… Read More

April 19, 2016 @ 12:12 pm By Erin Hobey  |  

Global banks must start ‘thinking big’ to meet evolving customer demands in the digital age, revamping core systems and establishing full competency in API-based software development, according to Capgemini‘s 2016 edition of its annual World Banking Report. Fintech providers are making increasingly significant inroads with customers,… Read More

April 19, 2016 @ 11:50 am By Erin Hobey  |  

China’s Ping An group has its eye on becoming the fasting lending platform in China, planning to incorporate face recognition technology into its wealth management and other services which would require only six minutes to complete a loan application, according to a statement. The inhouse-developed technology… Read More

April 19, 2016 @ 11:29 am By Erin Hobey  |  

Rambus Inc. (NASDAQ:RMBS) announced the release of the DPA Workstation 8 analysis platform, featuring an extensive upgrade to the workstation software and user interface for enhanced system performance and usability in ASIC and FPGA side-channel vulnerability testing, according to a release. Designed to test and analyze hardware… Read More

April 15, 2016 @ 7:24 am By Erin Hobey  |  

Frost & Sullivan’s latest study, “Fintech in Australia – Trends, Forecasts and Analysis 2015 – 2020” forecasts that the Australian Fintech Sector will grow at a CAGR of 76.36% and reach A$4.2 billion by 2020; of which A$1 billion will be completely new added value to… Read More

April 15, 2016 @ 7:06 am By Erin Hobey  |  

  Beyond Bank, one of Australia’s largest customer owned banks, has achieved recognition as a Celent Model Bank for 2016. The award was made for its omni-channel customer engagement platform, designed and delivered by Avoka, the leader in digital customer acquisition for financial services. The… Read More

April 15, 2016 @ 12:01 am By Erin Hobey  |  

Venture capitalists invested $12.1 billion in 969 deals in the first quarter of 2016, according to the MoneyTree Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Total venture dollars deployed to startup companies for… Read More

April 14, 2016 @ 11:54 am By Erin Hobey  |  

Global investment in fintech ventures in the first quarter of 2016 reached $5.3 billion, a 67 percent increase over the same period last year, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62 percent. These are among… Read More

April 14, 2016 @ 11:36 am By Erin Hobey  |  

The FCA is preparing to launch a #FinTech “regulatory sandbox“ which will include two sandbox cohorts a year; the FCA will accept applications for a place in the first from 9 May 2016.  Successful applicants will be able to test their ideas “without immediately incurring all the normal regulatory consequences”… Read More

April 12, 2016 @ 11:36 am By Erin Hobey  |  

A year after launching an accelerator program focused on helping entrepreneurs in Georgia’s growing FinTech sector succeed, the Advanced Technology Development Center (ATDC) at Georgia Tech is working with a portfolio of 20 innovative startups — including 8 which have already raised more than $16.8… Read More

April 12, 2016 @ 11:16 am By Erin Hobey  |  

LenDen Club, an Indian online peer-to-peer lending platform, has raised undisclosed seed round of funding through Venture Catalyst, India’s first seed investment and innovation platform. The round saw participation from Anirudh Damani, Daud Ali, Narendra Karnavat, Vikas Kapoor, Vikram Lakhotia, Krishna Jhunjhunwaala and Jayesh Shah, according to a… Read More

April 11, 2016 @ 4:09 pm By Samantha Hurst  |  

On Monday, LendFoundry presented its very own fintech lending operating system at LendIt 2016, which was held in San Francisco. The company reportedly provides end-to-end lending solution that simplifies loan origination, marketing, acquisition, underwriting, servicing and beyond. Sharing details about the company’s system, Timothy Li, co-founder and… Read More

April 11, 2016 @ 3:10 pm By Erin Hobey  |  

After getting historic approval from the U.S. Securities and Exchange Commission (SEC) in March, StreetShares will unveil what claims to be the US’ first publicly-accessible small business funding community at the LendIt USA 2016 Conference in San Francisco, according to a release. The StreetShares product will pay… Read More

April 11, 2016 @ 2:57 pm By Erin Hobey  |  

National Funding, a large private lenders of small business loans, today announced that Torrie Inouye has been named the company’s president. Inouye will report directly to Founder and CEO Dave Gilbert. “Torrie has played a critical role in our success to date, and her appointment as… Read More