Tagged: fintech

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

November 3, 2015 @ 9:07 am By JD Alois  |  

Singapore-based Call Levels, a real-time financial monitoring and alert service that seeks to help traders monitor financial assets price movements easily on mobile, has announced that it has closed a pre-series A led by 500 Startups. The startup also raised capital from a consortium of… Read More

October 29, 2015 @ 1:09 pm By Erin Hobey  |  

The Securities Commission of Malaysia (SC) will introduce a framework for peer-to-peer (P2P) lending next year, reported The Star‘s Ng Bei Shan, a motion in line with the growing interest in fintech in Asia. “You need to have the right matrix to determine the credit quality of… Read More

October 27, 2015 @ 12:47 pm By Erin Hobey  |  

FinTech Sandbox, a nonprofit that helps financial technology startups access data and resources continues to build its network with Morningstar, who would provide a select group of startup companies with free access to its global investment databases for six months, reported Think Advisor. In September, FinTech… Read More

October 27, 2015 @ 11:43 am By Erin Hobey  |  

Fintech companies could provide relief for small to medium-sized enterprises (SMEs) by helping to close a $2 trillion funding gap for SMEs worldwide seeking credit to grow their business, suggests a white paper released by the World Economic Forum’s Global Agenda Council on the Future… Read More

October 27, 2015 @ 11:15 am By Erin Hobey  |  

The Indian fintech platform Razorpay has raised US$9 million in Series A funding led by leading VC firm Tiger Global, with participation from existing investor Matrix Partners, according to a release.  Including its US$2.5M seed funding round, the company’s total fundraise to date is US$11.5 million.  Funding will be used to build Razorpay’s product and… Read More

October 26, 2015 @ 11:25 am By JD Alois  |  

Celine Lazorthes is founder and “one damn passionate CEO” of Leetchi and MangoPay. Leetchi is a successful donations-based crowdfunding platform that allows users to collectively accumulate funds for gifts, trips or whatever, making it easy to contribute for a single shared purpose. Mangopay is something… Read More

October 22, 2015 @ 12:38 pm By Erin Hobey  |  

In a Deloitte report entitled “Bitcoin at the crossroads,”  Managing Director Jon Watts opines that Bitcoin need not yet be regulated, offering three reasons why global policy makers and regulators may want to consider giving Bitcoin more time to develop. Regulation could in fact slow innovation, an innovation with a… Read More

October 22, 2015 @ 11:15 am By Erin Hobey  |  

Since summer Goldman Sachs Group has created significant buzz when the bank announced its plan to launch an online marketplace lender unit as early as next year.  Hiring engineers, data scientists, operations staff and customer service professionals is the logical next step for Goldman, as it builds… Read More

October 21, 2015 @ 12:00 pm By Erin Hobey  |  

  True to its name, Kabbage is growing and growing, partnering now with ING. Last week, Kabbage announced a $135 million equity raise led by Reverence Capital Partners as well as ING, Santander InnoVentures, and Scotiabank. Kabbage Inc., a leading technology and data platform powering automated lending, and ING, a leading… Read More

October 21, 2015 @ 11:53 am By Samantha Hurst  |  

LoanBook Capital announces the completion of a €1.1 million equity investment round, bringing the company’s total equity funding since its launch in 2013 to €2.7 million. European fintech investor Gustav Andersson leads the round, alongside new and existing investors, in what represents the largest equity… Read More

October 21, 2015 @ 8:59 am By Erin Hobey  |  

New York’s sixth annual FinTech Innovation Lab, a 12-week program co-founded by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintech companies accelerate product and business development by gaining exposure to bank and venture capital executives is accepting applications until… Read More

October 15, 2015 @ 3:48 pm By JD Alois  |  

The Federal Ministry of Finance (Bundesministerium der Finanzen) is researching the advent of Fintech. Fintech has become a catch-all term for internet-based finance where technology is driving huge gains in efficiency which is poised to benefit investors and those seeking access to capital. The Finance… Read More

October 15, 2015 @ 11:49 am By JD Alois  |  

Is IOSCO asleep at the wheel? That appears to be the implication of its current Secretary General David Wright. In a recent interview in Hong Kong, given to Reuters, the leader of the International Organization of Securities Commission rang a Fintech warning bell that his… Read More

October 15, 2015 @ 9:13 am By JD Alois  |  

London & Partners, a non-profit entity funded by the Mayor of London, is pounding the table on the growth of Fintech in London. The promotional company states that the capital’s booming Fintech sector is being driven by “record levels of investment and the rapid adoption of… Read More