Tagged: fintech

December 3, 2015 @ 11:24 am By Erin Hobey  |  

Prime Meridian Capital Management, a specialist in marketplace lending funds, announced the merger with Poise Lending, LLC, cofounded by veteran tech entrepreneur, Val Katayev and P2P lending portfolio manager Don Davis. The merger unifies the entities and adds a third fund – Poise Lending Fund… Read More

December 3, 2015 @ 10:25 am By Erin Hobey  |  

Tandem has been granted authorization from the Bank of England and will be regulated by Financial Conduct Authority and the Prudential Regulation Authority, blogged co-founder Ricky Knox. Tandem aims to be the most helpful, not the most painful, bank for its customers. “This is very… Read More

December 3, 2015 @ 1:46 am By Midori Yoshimura  |  

Crowd2Fund has developed one of the first crowdfunding coins, “Smart Money,” exclusively for members of the Crowd2Fund Investor Club, according to the company’s press release. It entitles members to receive a coin about the size of a £2 piece which has an RFID (radio frequency identifier) chip… Read More

December 2, 2015 @ 2:50 pm By Samantha Hurst  |  

Crowd Valley Inc, creator of the digital back office to power online investing and lending marketplaces and thecitysecret, developers with experience providing innovative solutions to top tier financial institutions, announced this week that they have started to work together in the Certified Partner Program to bring institutional… Read More

December 2, 2015 @ 1:49 pm By Erin Hobey  |  

Japanese e-commerce giant Rakuten (TOKYO:4755) officially initiated a new $100 million fintech investment fund, according to a release.  The Rakuten FinTech Fund, a new US$100 million global investment fund focuses on investments in disruptive early to mid-stage fintech startups aims to offer attractive return potential with strategic relevance…. Read More

December 2, 2015 @ 12:48 pm By Erin Hobey  |  

KeyBank announced a non-equity partnership with Aptexx, a California-based provider of payment and property management software, reported Crain‘s Jeremy Noble. The collaboration continues the Cleveland-based bank’s foray into fintech, initiated by September’s strategic partnership and minority investment in AvidXchange and another partnership with InstaMed.  With much debate in the fintech industry… Read More

December 1, 2015 @ 1:11 pm By Erin Hobey  |  

Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More

December 1, 2015 @ 12:14 pm By Erin Hobey  |  

Just over a year after securing a $2M seed round, Mirador today announced that the completion of a Series A round of financing. The $7 million investment was led by Core Innovation Capital, with participation from Nyca Partners and Jump Capital. Initial seed investors Collaborative Fund, Wicklow… Read More

November 20, 2015 @ 12:48 am By Midori Yoshimura  |  

London-based startup Nous Global Markets is raising funds to bring an ultra-low-risk trading service to millions of customers around the world, according to the company’s recent press release. The FinTech firm, which uses gaming applications to educate people about the enjoyment and the challenges of financial markets, has… Read More

November 19, 2015 @ 9:02 am By Erin Hobey  |  

Grouplend, Canada’s leading online lending platform, announced today that it has rebranding itself as Grow Financial. Since launching in 2014, the company’s model has evolved from marketplace lending to a fintech platform, using cutting-edge software and advanced data analytics to create revolutionary financial services that extend far… Read More

November 16, 2015 @ 10:28 am By Erin Hobey  |  

  Quadriga Fintech Solutions Corp. claims that it launched Canada’s first R&D lab for blockchain technology. The lab’s first project will be the development of a platform with two core functions: handling the onboarding and client data management for financial crime systems using the blockchain and… Read More

November 16, 2015 @ 9:48 am By Erin Hobey  |  

  “Throughout the course’s seven weeks, students will explore different sub-industries within the FinTech space, including consumer finance, payments, trading and cryptocurrencies.” The Martin Trust Center for MIT Entrepreneurship and the Finance Group at the MIT Sloan School of Management, in collaboration with the MIT… Read More

November 11, 2015 @ 11:37 am By Erin Hobey  |  

Ynext, the division of Yodlee, Inc. (YDLE) that incubates, delivers and commercializes new business opportunities for the company, today announced its newest Incubator class. The company will connect these startups with the resources and tools necessary to take their ideas to market – including free… Read More

November 11, 2015 @ 8:56 am By Erin Hobey  |  

Rabobank, MasterCard, Thomson Reuters and Santander join as founding institutions of Startupbootcamp FinTech in the program’s expansion to US market, following its success in London and Singapore. “Initiatives that cultivate innovation and collaboration will only increase in importance as more players enter the FinTech space,… Read More

November 10, 2015 @ 10:41 am By Erin Hobey  |  

Illuminate Financial Management, a fintech venture fund established by industry veteran Mark Beeston, today announced that it had closed the first round of capital raising for its new IFM Fintech Opportunities Fund. The investment round has been co-led by financial information services provider Markit and Deutsche Börse… Read More

November 6, 2015 @ 11:55 am By Erin Hobey  |  

Artificial intelligence, cryptography and biometrics were the winning fintechnologies at the London-region final of UBS’s Future of Finance Challenge, a start-up competition aimed at helping the bank source innovative fintech solutions, reported Financial News‘ Anna Irrena.  The competition is open to international entrepreneurs and startups with… Read More

November 6, 2015 @ 10:36 am By Erin Hobey  |  

Toronto has all the ingredients necessary to become a major fintech hub but is failing to compete with the likes of London and New York because it has not developed a proper ecosystem, according to the new report, “Current State of the Financial Technology Innovation… Read More

November 5, 2015 @ 2:00 pm By Midori Yoshimura  |  

  It was an accident that led Krista Morgan to peer-to-peer lending in 2008–a jolt caused by the high interest rate she was quoted when applying for a personal loan, during a time of notably low interest rates in the UK. After finding Zopa, one of the… Read More

November 5, 2015 @ 11:29 am By Erin Hobey  |  

“Major non-traditional financial services companies have been investing in fintech payments in China for the past year.” According to Accenture, fintech investments across Asia-Pacific experienced a boom in 2015 – from about $880 million in 2014 to nearly $3.5 billion in just the first nine months… Read More

November 3, 2015 @ 10:34 am By Erin Hobey  |  

The Centre for Alternative Finance at University of Cambridge Judge Business School and the Polsky Center for Entrepreneurship and Innovation team at Chicago Booth School of Business have joined forces to initiate the  2015 Americas Alternative Finance Benchmarking Survey.  This landmark survey is the first comprehensive and empirical assessment of crowdfunding, peer-to-peer lending (marketplace lending)… Read More