Tagged: fintech

March 31, 2016 @ 9:16 am By Erin Hobey  |  

Canada’s growing fintech space saw online lending platform, Lendified Inc., join forces with Vancouver-based Mentio Technologies, a platform specializing in automated cash flow forecasting. For Lendified, which offers online loans to Canadian small business owners, the acquisition marks an expansion into global markets as Mentio’s multi-currency technology serves customers… Read More

March 23, 2016 @ 8:47 am By Samantha Hurst  |  

A new book called The Fintech Book was announced this week. It has been described as the “first” crowd-sourced book on global fintech that features 167 authors worldwide.  KoreConX president, Oscar A. Jofre, was one of the authors in The Fintech Book. He commented: “The Fintech Book was created to be… Read More

March 17, 2016 @ 6:53 am By Erin Hobey  |  

In late December, retail giant Overstock, a publicly traded company managed by maverick CEO Patrick Byrne, received SEC approval to regarding a plan to issues shares using Bitcoin Blockchain.  According to a filing with the SEC, the use of the “technology and distributed ledger technology by the Pro… Read More

March 17, 2016 @ 6:19 am By Erin Hobey  |  

TradeSocio, a fintech company founded in 2014 that aims to enable brokers, banks, and financial institutions to better utilize social trading, marketing automation, analytics and big data, announced its $1.25 million seed funding round led by Octava, a Singapore-based investment holding group, according to a statement…. Read More

March 17, 2016 @ 5:48 am By Erin Hobey  |  

Top banking executives fear that up to a quarter of their business could be at risk from emerging fintech firms, according to research conducted by PwC.  The report notes that information on FinTech is somewhat “dispersed and obscure,” which can make data synthesizing challenging. PwC’s… Read More

March 15, 2016 @ 8:25 am By Erin Hobey  |  

Earlier this month Crowdcube Spain joined the Spanish Association of Fintech and Insurtech (Asociación Española de Fintech e Insurtech) and received the new quality certification from the Catalan Government.  The Association was created with the support of more than 50 companies, with the goal of creating a favorable… Read More

March 14, 2016 @ 4:00 am By Midori Yoshimura  |  

In the sink-or-swim world of startups, recognizing and adapting to the unanticipated real needs of a market can be the way that a company makes it safely to success on the not-too-distant shore. Investly, an Estonian peer-to-peer (P2P) lending platform, has honed a keen sense of product/market fit, after its founder,… Read More

March 10, 2016 @ 5:29 am By Erin Hobey  |  

Envestnet | Yodlee (NYSE:ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, announced its launch of Envestnet | Yodlee Aggregation Platform on the Salesforce AppExchange, aiming to provide financial institutions with a single, comprehensive view of held-away financial data combined with… Read More

March 8, 2016 @ 8:25 am By Erin Hobey  |  

CAN Capital, a market share leader in alternative small business finance, today announced the winners of its Take the Reins contest. Chosen from over 800 submissions, ten small businesses won $5,000 each toward essential items like equipment, merchandise and technology, and four small businesses won a custom… Read More

March 8, 2016 @ 7:00 am By Erin Hobey  |  

LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks with over $800 million in loan capital deployed through their bank and credit union clients, announced the appointment of Salil Mehta as Senior Vice President of Credit Risk & Analytics. Mr. Mehta, an… Read More

March 8, 2016 @ 4:39 am By Erin Hobey  |  

BBVA has acquired Finnish digital current account startup Holvi, furthering its investment into tech-led alternatives to traditional banking.  Founded in Helsinki in 2011, Holvi offers a current account combined with business MasterCard for small business owners. “We’re excited about Holvi as we share a vision about… Read More

March 8, 2016 @ 4:20 am By Erin Hobey  |  

FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced a series of celebrations marking its one-year anniversary. The biannual FinTech Sandbox Demo Day will be held on March 24, 2016 at Fidelity Investments headquarters. Sandbox sponsors, data partners,… Read More

March 8, 2016 @ 2:29 am By Midori Yoshimura  |  

Israel’s fintech scene is a can’t-miss these days. As a recent example, Chinese venture capital firm Pando Group has invested US$2 million (HK$15.53 million) in Israeli financial technology (fintech) hub The Floor in Tel Aviv, notes the South China Morning Post. The funds support the creation of… Read More

March 4, 2016 @ 9:43 am By Samantha Hurst  |  

The New York State Restaurant Association announced this week that it has selected fintech company has selected Bizfi  as the exclusive financial provider for its members. Bizfi’s platform enables the NYS Restaurant Association to provide its more than 2,000 members access to multiple types of funding… Read More

March 3, 2016 @ 6:57 am By Erin Hobey  |  

Thomson Reuters,  a leading source of global news and information for professional markets, announced its partnership with FinTech accelerator SuperCharger to bring technology and market data access to FinTech firms undergoing its Hong Kong based program. “Hong Kong continues to be a leading and dynamic… Read More

March 1, 2016 @ 5:14 am By Erin Hobey  |  

The Financial Stability Board seeks to evaluate the potential for systemic risk posed by emerging innovations in financial technology, a move which may mark the beginning of the end to the regulatory advantages enjoyed by fintech firms operating at the fringes of the financial services sector, according… Read More

February 28, 2016 @ 8:58 pm By Erin Hobey  |  

At age 22, recent George Washington University grad Julia Kurnia co-founded the world’s first microfinance organization built entirely from crowdfunding capital sourced over the internet, using funds raised from Kiva.org in Senegal, West Africa. She spent the next four years managing U.S. government grants to small businesses in… Read More

February 25, 2016 @ 6:49 am By Erin Hobey  |  

Just days after Kickstarter Alum & Mobile Wallet Provider LoopPay, Samsung Electronics Co. Ltd., announced that Samsung Pay, the mobile payment service, had reached a global milestone – nearly five million registered users processed over $500 million in its first six months, showing a strong adoption rate… Read More

February 25, 2016 @ 5:22 am By Erin Hobey  |  

Conexus, Saskatchewan’s largest credit union, announced a partnership with Grow (formerly Grouplend), Canada’s fast growing fintech company, to bring online lending to Saskatchewan. This new partnership will allow residents of Saskatchewan access to Grow through one of Canada’s “most trusted and forward thinking” financial institutions…. Read More

February 23, 2016 @ 6:40 am By Erin Hobey  |  

Consumer fintech firm, MoneyMe, has announced a $30 million AUS capital raise after just two years in operation, signaling increasing confidence by the investment community in fintech who demonstrate an ability to achieve their growth projections and deliver true consumer value. The $30 million capital… Read More