Tagged: fintech

April 3, 2015 @ 2:50 am By Midori Yoshimura  |  

Funding Circle, which claims to be the “world’s leading online marketplace lender exclusively focused on small business,” is in advanced talks with Temasek Holdings, a Singaporean sovereign wealth fund, to sell a stake in itself, according to Sky News. The move is part of a fundraising effort–to… Read More

April 2, 2015 @ 9:17 am By Erin Hobey  |  

Seeking to go to the source, UBS will open a fintech innovation lab at the Level39 accelerator space in London’s Canary Wharf, according to TechWorld’s Sam Shead.  The global wealth manager hopes that the lab, set up by a UBS team of fintech specialists, will aid its understanding… Read More

April 1, 2015 @ 11:22 am By Erin Hobey  |  

FinTech Sandbox announced today that risk management startup Prophis Technology has been admitted to its program. Prophis is the first startup to join the Sandbox since the program’s official launch earlier in March. FinTech Sandbox is a Boston-based nonprofit that helps global FinTech startups build innovative products… Read More

April 1, 2015 @ 10:25 am By Erin Hobey  |  

Sindeo, a modern mortgage marketplace, announced its newest executive hire Tony Sachs, formerly of First Republic Bank, who will assume the role of Chief Lending Officer. With over 15 years of experience at First Republic, most recently as SVP of Lending Strategy, Products & Sales,… Read More

March 30, 2015 @ 10:02 am By Erin Hobey  |  

The Chinese government announced the establishment of the Steering Group on Financial Technologies to advise the Government on how to develop Hong Kong into and promote Hong Kong as a Fintech hub. The initiative to set up the Steering Committee was announced in the Financial… Read More

March 23, 2015 @ 8:00 am By Samantha Hurst  |  

Residential property crowdfunding platform, Property Partner, today announces a £5.2 million funding round to transform the way people invest in the residential property market. By bringing innovation and simplicity to a previously hard-to-access marketplace, Property Partner enables people to invest as much or as little as… Read More

March 13, 2015 @ 11:23 am By Erin Hobey  |  

FinTech Sandbox, created to foster innovation in financial services by streamlining access to data for financial technology startups around the globe, plans to launch from beta on March 26th at the District Hall in Boston’s Innovation District.  Headlined by Jeff Maggioncalda, the Founder of Financial Engines, who… Read More

February 27, 2015 @ 10:21 am By Erin Hobey  |  

Innovate Finance, the independent membership organisation that represents the voice of Britain’s global fintech sector, is hosting its first global summit on Tuesday, March 9th, 2015 at the Guildhall in London.  The major event will explore the impact of fintech on the financial services sector… Read More

February 27, 2015 @ 10:08 am By Erin Hobey  |  

Illuminate Financial, a fintech venture fund focused on the capital markets industry, has made its first investment since its launch last year, taking a stake in collateral management outfit CloudMargin. Originally backed by a group of senior financial market executives, CloudMargin’s collateral and margin management technology… Read More

February 20, 2015 @ 8:10 am By Erin Hobey  |  

 Azimo, the online money transfer service, has announced the launch of its world-class money transfer service to China, enabling customers to send money to friends and family at low-cost. The company introduced its wiring service to Thailand earlier this month.  The new service will provide Azimo’s potential 350… Read More

February 12, 2015 @ 1:05 pm By Erin Hobey  |  

Barchart, a leading provider of market data and information, announced FinTech Exchange 2015, a new event to highlight technology innovation in financial markets and trading. More than 20 financial technology providers will participate, presenting in rapid-fire rounds that focus on innovations in trading software, market data,… Read More

February 12, 2015 @ 8:00 am By Erin Hobey  |  

“Don’t put all your eggs in one basket. Look for Team, Team, Team. Stay away from too early stages where there is nothing you can really base you judgment on. Get a bad cop integrated in your investment decision making who will stop you when… Read More

February 11, 2015 @ 2:43 pm By Erin Hobey  |  

Kantox, the peer-to-peer (P2P) foreign exchange (FX) platform for businesses, has reached $1 billion in FX transactions. Over 20% of this volume was achieved in the last two months, with $100 million worth of FX transactions made in December alone. “It’s a real testament to our… Read More

February 11, 2015 @ 9:09 am By Erin Hobey  |  

Azimo, the online money transfer service, has announced that customers can now send money to Thailand, direct to a personal or business bank account. “Great weather and the cost of living being 40% less than in Western Europe makes Thailand a popular destination for Europeans… Read More

February 11, 2015 @ 7:00 am By Erin Hobey  |  

  David Haber is the co-founder, CEO and visionary behind Bond Street, an online lender that empowers small businesses by providing financing in a simple, transparent and fair way. Haber leads Bond Street’s overall company vision, strategy, fundraising and business development functions. Through Bond Street, Haber aims to… Read More

February 10, 2015 @ 8:00 am By Erin Hobey  |  

Cloud Lending Solutions, the industry’s only end-to-end lending solution built natively on Salesforce.com, today announced its new customer LendingPoint, a non-bank direct lender that aims to meet consumer demands for online borrowing options. LendingPoint has successfully used Cloud Lending as a foundation to go from concept… Read More

January 30, 2015 @ 9:37 am By Erin Hobey  |  

Elsen has closed a $400,000 round of funding for its financial technology platform, the company announced today. Elsen plans to use this capital to accelerate growth and add additional resources to its engineering team. Elsen offers a platform for bringing massively-parallel processing to financial data. Complex… Read More

January 23, 2015 @ 9:45 am By Erin Hobey  |  

Fintech BlueVine Capital secured $18.5 Million from investors reported Lizette Chapman reported for Dow Jones VentureWire.  Based in Palo Alto, Calif., BlueVine was founded in 2013 by Chief Executive Eyal Lifshitz while he was a principal at venture firm Greylock IL, and currently employs 18 people. “Other companies, such as Kabbage Inc…. Read More

January 6, 2015 @ 11:48 am By Erin Hobey  |  

Paymentandbanking.com named Hamburg-based Kreditech  as the FinTech Startup of 2014. The jury explains its choice noting  Kreditech “obvious disruption and, unfortunately, one of the few German FinTech startups that has substantial foreign investment.” Kreditech applies big data to score the creditworthiness of customers. In addition, Founder Institute initiated its… Read More

January 5, 2015 @ 10:09 am By Erin Hobey  |  

In a recent post on FxPro by Ron Finberg, he cites the fintech tends to watch during 2015, may they be “either high opportunities or stumbling blocks,” as “service-based investing,” robo investing (“anti-social trading”) and digital-based crowdfunding. “Fintech was a great sector to be in… Read More