Tagged: fintech

February 2, 2016 @ 4:27 am By Erin Hobey  |  

FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced a new data sourcing agreement with the global news company, The Associated Press. The AP will provide FinTech Sandbox residents with access to AP’s financial, business and political news… Read More

January 28, 2016 @ 4:15 am By Erin Hobey  |  

Partner Susan Su announced 500 Startups Batch 16 on the fund’s blog, celebrating the largest accelerator cohort in 500 Startups history with 53 companies in total. Batch 16 presents five major industry themes, including FinTech, Digital Health, ViceTech, HR/workforce development and SportsTech.  To date, 500 Startups has invested in well over 500 companies, over 1500… Read More

January 26, 2016 @ 10:56 am By Erin Hobey  |  

Deloitte Digital (Africa) acquired the fintech services business Jinja Interactive, according to IT Online. The acquisition of Cape Town-based Jinja Interactive will boost Deloitte Digital’s growing value chain of digital expertise, particularly in digital financial services and fintech innovation.   “We’re very happy to have the… Read More

January 22, 2016 @ 2:24 am By Midori Yoshimura  |  

2015 was a great year for financial technology (fintech), as recently released stats from Berkery Noyes show. Among other findings, 2015 saw 427 fintech mergers and acquisitions, a total transaction volume increase by 14 percent over 2014, from 376.  Total transaction value in 2015 more than doubled over… Read More

January 21, 2016 @ 4:49 am By Erin Hobey  |  

Online lender Elevate Credit Inc. has postponed its initial public stock offering due to difficult market conditions, reported the Wall Street Journal. The firm was slated to price its initial public stock offering Thursday. Based in Fort Worth, Texas, Elevate Credit makes unsecured personal loans to subprime borrowers. In 2014, Elevate was spun out… Read More

January 19, 2016 @ 6:43 am By Erin Hobey  |  

Platform Black, a provider of alternative finance to UK businesses, has expanded its team, signalling continuous growth and increasing demand in the sector. Helen Mackenzie, Gayle Townsend and Robert Rajeswaran bring significant invoice trading and supply chain finance expertise and will support the company, which has provided… Read More

January 19, 2016 @ 6:16 am By Erin Hobey  |  

Commonwealth Bank of Australia today launched an Innovation Lab in Hong Kong and announced plans to launch an Innovation Lab in London later this year. This innovation network is a natural extension of the Bank’s successful Innovation Lab in Sydney and creates a global approach to… Read More

January 19, 2016 @ 5:52 am By Erin Hobey  |  

2016 proved eventful for payments network MasterCard, as the company has been involved in in many global fintech industry deals, according to a release.  With the intention of expanding its electronic payments network in other countries, MasterCard heavily invests in fintech and organises a six month… Read More

January 18, 2016 @ 4:28 pm By Samantha Hurst  |  

Peter Thiel, Paypal’s co-founder and first outside investor in Facebook, has reportedly made an investment in Deposit Solutions GmbH, which is considered the first open architecture platform for retail deposits in Europe. Since its establishment in 2011, Deposit Solutions has already mediated deposits in excess of… Read More

January 13, 2016 @ 12:00 pm By Erin Hobey  |  

Nearly one third of Americans will be using a technology company for financial services such as loans, mortgages and payments in five years, reports global P2P platform TransferWise Almost one third of Americans are likely to be using a technology provider and not a bank for… Read More

January 12, 2016 @ 4:55 am By Erin Hobey  |  

Cisco Canada and Toronto-Dominion (TD) Bank group have reached an agreement to collaborate on financial technology (FinTech) solutions “to create enriched customer and employee experiences.” A dedicated TD-Cisco team will co-create in a designated space and will be the first customer project in Cisco’s new Toronto Innovation Centre,… Read More

January 6, 2016 @ 12:28 am By Midori Yoshimura  |  

Japan’s banks are beginning to say konnichiwa with more enthusiasm to Fintech: Mitsubishi UFJ Financial Group Inc., a major Japanese bank, has created a unit to research and develop new financial technologies, according to sources cited in a recent Bloomberg story. A spokesman for Mitsubishi UFJ in Tokyo, Taiki… Read More

December 31, 2015 @ 3:07 am By Erin Hobey  |  

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

December 22, 2015 @ 9:22 am By Erin Hobey  |  

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

December 22, 2015 @ 8:51 am By Erin Hobey  |  

Calling all Next Generation Payments, Blockchain, Data / Credit Analytics, Mobile VAS / Mobility, Cyber Security and Biometrics and Wealth Tech innovators and disruptors, start your applications in time for the 7 January 2016 deadline! Aiming to source six groundbreaking FinTech innovations to demo to multiple invited financial institutions (banks… Read More

December 17, 2015 @ 2:24 pm By Erin Hobey  |  

Mitsubishi UFJ Financial Group Inc. linked with fintech platform Finatext Ltd to boost investment trust sales by providing information through a smartphone application, reported  Bloomberg, the first time Mitsubishi partnered with fintech startup on a new service. The Fundect app, which was developed by  as part of a competition run by… Read More

December 17, 2015 @ 1:52 pm By Erin Hobey  |  

Nav, a platform offering  free source for both personal and business credit scores, announced its inclusion to Forbes’ inaugural Fintech 50 list, which honors the most innovative financial technology companies “destined to have a big impact on your financial future.” Other companies recognized in this exclusive list include: FinTech Sandbox, Credit Karma,… Read More

December 17, 2015 @ 10:31 am By Samantha Hurst  |  

On Thursday, Chinese fintech marketplace, Jimubox, announced the launch of an intelligent advisory platform; a multi-asset class, multi-product type online wealth management platform that will uniquely serve the next generation of Chinese investors. Over the last two years, Jimubox revealed that over the last two… Read More

December 15, 2015 @ 12:42 pm By Erin Hobey  |  

Biz2Credit, a small business financial technology platform, today launched the BizAnalyzer Score Simulator Tool. The tool, patented in June, allows small business owners to capture a personalized snapshot of their business health. The Score Simulator acts as a virtual CFO, evaluating how cyclical changes to revenue, cash flow,… Read More

December 15, 2015 @ 11:50 am By Erin Hobey  |  

Bizfi, a fintech company whose online small business finance platform combines aggregation, funding and a participation marketplace, announced that Metropolitan Equity Partners has provided a structured financing facility of $65 million to the company to drive growth. Since 2005, Bizfi and its proprietary marketplace and funding… Read More