Tagged: fintech

August 5, 2015 @ 1:33 am By Midori Yoshimura  |  

  Recently, the first back-to-school ads popped up on my music streaming service, accompanied by the scent of the school year–anticipation of the new. I paused, remembered what it felt like to use an eraser and be dropped off at the curb daily, then kept writing. A computer… Read More

July 31, 2015 @ 5:46 pm By JD Alois  |  

Do you have an amazing FinTech startup concept? Are you looking for co-founders and mentors? Then this event is perfect for you. A week from today over 70 potential co-founders and dozens of mentors (with money) are gathering in New York City with the sole… Read More

July 30, 2015 @ 12:24 pm By Erin Hobey  |  

UK Prime Minister David Cameron has backed the UK FinTech 2020 manifesto created by FinTech trade body Innovate Finance, according to a release. The manifesto, which was released as Cameron leads a trade delegation of British FinTech leaders to South East Asia this week, aims… Read More

July 30, 2015 @ 11:28 am By Erin Hobey  |  

Startupbootcamp FinTech, a global accelerator focusing on financial innovation, hosted its first Demo Day in Singapore on 29 July for the top 11 FinTech teams selected out of 300 applications earlier this year. “Startupbootcamp FinTech is the first FinTech accelerator in Singapore and the only… Read More

July 30, 2015 @ 9:35 am By Samantha Hurst  |  

SoFi, a marketplace lender, announced it has priced a securitization of $417.6 million in refinanced student loans. It also announced SoFi was considered the first fintech company to receive an “AAA” rating from DBRS and an “AA2” from Moody’s for the senior notes, which equaled $387.3 million. Nino Fanlo, SoFi CFO/COO,… Read More

July 29, 2015 @ 1:27 pm By Samantha Hurst  |  

Credibly, an emerging Fintech platform that leverages data science and analytics to improve the speed, cost and choice of capital available to all small and medium-sized businesses (SMBs), has launched a new educational platform, In.Credibly.com, to help businesses evaluate working capital needs. The resource hub is… Read More

July 28, 2015 @ 11:55 am By Erin Hobey  |  

The Monetary Authority of Singapore (MAS) has announced the formation of a new Fintech & Innovation Group (FTIG) to be headed up by former Citibank executive, Sopnendu Mohanty. Effective August 1, FTIG will be responsible for creating development strategies and regulatory policies around technology innovation… Read More

July 28, 2015 @ 11:35 am By Erin Hobey  |  

Payments startup Stripe landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion. According to the announcement, Stripe signed an agreement with Visa to work on digital transactions such as website ‘buy… Read More

July 23, 2015 @ 10:34 am By Erin Hobey  |  

Orios Venture Partners, an India-based early-stage VC firm floated by serial investor Rehan Yar Khan, announced a new US$150 million fund according to e27. The new fund (Fund II) will primarily focus on startups working in the fintech, B2B commerce, used merchandise and affordable products spaces, as well… Read More

July 23, 2015 @ 10:12 am By Erin Hobey  |  

Capify, formerly AUSvance, will serve as an international conglomerate provider of unsecured alternative finance solutions to SMEs. Capify,  powered by a proprietary technology and analytics platform, today announced its global rebrand aiming to become the most diverse, worldwide alternative SME financing platform. Headquartered in the… Read More

July 21, 2015 @ 1:28 pm By Erin Hobey  |  

Small business alternative lending company Merchant Cash and Capital (MCC) and its family of companies, including the newly launched Bizfi, announced the origination of more than $115 million in business financing in the second quarter of 2015. This represents a 79 percent increase from Q2 2014 and a more… Read More

July 21, 2015 @ 12:55 pm By Erin Hobey  |  

Fintech company Revolut has raised £1.5m in a funding round led by leading tech VC house Balderton Capital, reported TechWorld’s Sam Shead. Funding will be used to launch the business’ money transfer app on iOS and Android. Revolut’s technology allows people to transfer money through a… Read More

July 16, 2015 @ 8:22 am By Erin Hobey  |  

Cyber-security solutions, blockchain technology and behavioral analytics applications are some of the innovative services being developed by the seven financial technology entrepreneurs selected this year to participate in the 2015 FinTech Innovation Lab Asia-Pacific. Launched by Accenture (NYSE:ACN) in Hong Kong in June 2014, the FinTech… Read More

July 14, 2015 @ 12:08 pm By Erin Hobey  |  

Singapore-based fintech company, fastacash, has announced today that it has raised US$15 million in Series B funding reported e27‘s Yon Heong Tung. The round was led by Rising Dragon Singapore and includes Life.SREDA, UVM 2 Venture Investments LP and Jungle Ventures. The Series B round brings fastacash’s total funding to US$23.5 million…. Read More

July 2, 2015 @ 10:54 am By JD Alois  |  

Cloud banking tech provider Mambu has forged an agreement with the Ferratum Group to power “Ferratum Business”.  This new subsidiary is a designed to provide SME financing and loan service. Mambu’s cloud based, SaaS, will help manage loan application, origination, credit scoring and loan disbursement… Read More

June 30, 2015 @ 9:00 am By Erin Hobey  |  

  UK-based Property Partner, the residential real estate crowdfunding investment platform, allows people to invest in individual residential properties at the click of a button. Investors receive a monthly rental income and benefit from any capital growth, in direct proportion to their ownership.  Identifying locations and individual properties that are likely to be… Read More

June 26, 2015 @ 5:29 pm By Samantha Hurst  |  

Investments in financial technology (fintech) continued at a remarkable pace last year, nearly tripling in the United States in 2014, according to a new report by Accenture (NYSE:ACN) and the Partnership Fund for New York City. The value of fintech investments in the United States… Read More

June 18, 2015 @ 6:31 am By Erin Hobey  |  

(EPA) announced the launch of its incubator for early stage payments companies, the Catalyst. The Catalyst provides access to investors, workspace, mentors and commercial partners in association with MasterCard and The Bancorp. The Catalyst beneficiaries – its ‘Rising Stars’ – are new entrants to the… Read More

June 15, 2015 @ 9:34 am By Samantha Hurst  |  

A survey conducted with the global fintech community by Startupbootcamp FinTech, an accelerator focused on financial innovation and part of the global Startupbootcamp network, finds that London has further increased its position as the world’s leading city in fintech. 63% of respondents selected London compared to… Read More

June 10, 2015 @ 2:39 pm By Stephen Sheinbaum  |  

  Trends in the Use of Technology in Alternative Finance Calendar makers divide the general world’s timeline into “Common Era” and “before the Common Era”. For financial technology, the timeline should be divided into “Before PayPal” and the sea change which has happened since. When… Read More