Tagged: fintech

October 14, 2015 @ 10:02 am By Samantha Hurst  |  

Lenddo, an Asia-based fintech startup that uses non-traditional data for credit scoring and online verification, today announced it has closed a Series B investment to support the company’s accelerated growth and meet global demand. The investment was led by new investors AT Capital and Life.SREDA,… Read More

October 7, 2015 @ 8:44 am By Erin Hobey  |  

The newly announced partnership between Finpoint, Leeds City Region Enterprise Partnership (LEP) and PwC allows for the expansion of Pinpoint’s service into the UK. Finpoint has already been supported by 70 lenders across the UK, including among others Loyds Bank, Metro Bank, Funding Circle, FundingKnight and… Read More

October 7, 2015 @ 1:03 am By Midori Yoshimura  |  

Aided by factors such as a record high number of registered businesses in the UK–5.2 million; a national interest in entrepreneurship; and SMEs accounting for just over 60 percent of private sector employment, according to the Department for Business, the UK has the chance to increase its… Read More

October 2, 2015 @ 11:30 am By Erin Hobey  |  

Fintech innovation in India is burgeoning!  Indian  Chillr, an Indian peer-to-peer (P2P) mobile money transfer app that spun off from MobME, secured US$6 million in a Series A round funding led by trailblazing Sequoia Capital, according to e27‘s Sainul Abudheen K. Run by Kochi-based startup Backwater Technologies, Chillr plans… Read More

September 30, 2015 @ 8:00 am By Erin Hobey  |  

Today Cloud Lending Solutions celebrated securing $8 million in Series A venture funding.  The platform, the fintech industry’s only end-to-end lending solution built natively on salesforce.com disclosed that the new funding will be used to support market expansion and further develop the company’s engineering and innovation capabilities. The funding round was… Read More

September 24, 2015 @ 11:50 am By Erin Hobey  |  

Brick and mortar KeyBank announced a strategic partnership and minority investment in AvidXchange, a leader in accounts payable automation solutions. Charlotte-based AvidXchange recently completed a $225 million minority growth financing led by Bain Capital Ventures, with contributions from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank and TPG Special… Read More

September 22, 2015 @ 1:33 pm By Erin Hobey  |  

Bareksa, Kejora, CekAja, Doku, Bank Mandiri, Veritrans and Kartuku teamed up to launch FinTech Indonesia, an association of Indonesian fintech service providers, reported e27‘s Anisa Menur.  The press conference was attended by Darmin Nasution, Minister of Economy, Budi Gunadi Sadikin, Managing Director of Bank Mandiri and… Read More

September 17, 2015 @ 11:46 am By Erin Hobey  |  

Launched with the collaboration of Enterprise Ireland, the IDA and the Department of Finance, the  Fintech and Payments Association of Ireland brings together the members of extant not-for-profit organizations, Payments Ireland and Fintech Ireland Meet Up Group.  Payments Ireland was established by Colm Lyon who founded of Realex… Read More

September 17, 2015 @ 11:11 am By Erin Hobey  |  

Aiming to set itself apart from its key competitors, WePay, a leading payments provider service for online platforms, processing billions annually for partners including GoFundMe, Care.com, JetPay and FreshBooks,  has introduced ACH bank transfers as another payment type that platforms can offer their customers. ACH, or Automated… Read More

September 15, 2015 @ 11:00 pm By Barry James  |  

Crowdfunding and ‘Alt-Finance’ are of course one of the cornerstones of FinTech as key parts of the ‘Finance’ leg. Although FinTech is broader-based encompassing cryptocurrencies such as BitCoin and related technologies (especially Blockchain) as well as new and faster ways of transacting and transferring ‘legacy’… Read More

September 15, 2015 @ 10:27 am By Erin Hobey  |  

Silicon Valley can’t compete with London in terms of Fintech, says UK Treasury special Fintech envoy Eileen Burbidge: “Wall Street Talent doesn’t come to Silicon Valley.” UK Treasury special Fintech envoy and partner at tech VC Passion Capital, Eileen Burbidge took the stage at Fintech Week and discussed… Read More

September 15, 2015 @ 1:08 am By Midori Yoshimura  |  

  Recently, Soul Htite, co-founder and CEO of Dianrong.com, one of China’s fastest-growing peer-to-peer lenders, did a little debunking of P2P and conventional banking assumptions. In a recent exclusive interview with FinanceAsia, he noted, One of the common misconceptions of P2P lenders is that they go head-to-head with… Read More

September 13, 2015 @ 11:00 pm By Barry James  |  

The First #Fintech World Tour Over the last couple of months my team and I have been in ‘stealth mode’, as they say, quietly touring the world of #Fintech, joining the dots. In two weeks time I will fly from one of the two world… Read More

September 12, 2015 @ 12:16 pm By JD Alois  |  

The UK’s Innovate Finance has partnered-up with Hartree Centre to create the FinTech Blockchain lab.  Hartree Centre is a “high performance” computing and data analytics research facility which was founded by the UK government.  Innovate Finance is a not for profit group that was created… Read More

September 10, 2015 @ 11:15 am By Erin Hobey  |  

The Biz2Credit Small Business Lending Index announced August’s findings: the Index dropped by 0.1 points for both large and small banks,  indicating that the SBA budget scare effected growth in loan demand. The monthly analysis of 1,000 loan applications from Biz2Credit.com also noted “that credit unions continued to… Read More

September 9, 2015 @ 10:33 am By Samantha Hurst  |  

On Monday, new property crowdfunding firm A Piece of London announced that it has officially launched its platform. A Piece of London will now allow clients to choose a property from its portfolio and invest through their online platform. Operating under FCA guidelines, the platform will manage… Read More

September 8, 2015 @ 2:10 pm By Erin Hobey  |  

FinTech Sandbox has announced a new partnership with Estimize, a provider of earnings and economic estimates contributed by the entire financial community, reported Finance Magnates. Joining Thomson Reuters, Fidelity Investments and Amazon Web Services, new partner Estimize provides a unique data source for participating startups, preparing crowdsourced forecasts for US… Read More

September 1, 2015 @ 7:00 pm By Midori Yoshimura  |  

  One of the UK’s leading figures in FinTech, Louise Beaumont is the head of public affairs and marketing at GLI Finance, a prominent investor in the SME alternative finance sector. Her straightforward self-summary–“I grow companies–from initial spark, to operationalisation, results delivered, and value created”–is… Read More

August 25, 2015 @ 10:49 am By Erin Hobey  |  

As a result of the partnership with the financial and economic date platform Quandl, FinTech Sandbox residents have access up to six months for development, testing, and customer demonstrations purposes. “We are excited to provide FinTech startups with reliable and easy access to quality financial data such… Read More

August 20, 2015 @ 12:20 pm By Erin Hobey  |  

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced CL Originate, a next-generation online loan origination platform. CL Originate offers cloud-based loan origination and underwriting platform, designed to meet online lenders’ demand for automated and instantaneous loan processing and real-time complex document… Read More