Tagged: fintech

December 12, 2018 @ 12:29 pm By Samantha Hurst  |  

San Francisco fintech startup YayPay announced on Wednesday it raised $8.4 million dollars in funding to further its drive to bring automation to the back-office finance operations of mid-sized enterprises. The funding round was led by Information Venture Partners with follow-on investment from existing shareholders including Birchmere, QED, Fifth… Read More

December 11, 2018 @ 3:32 pm By Samantha Hurst  |  

Lydia, the French mobile payments firm, announced on Tuesday it is now offering Google Pay to all its Android users. The new service will allow users to contactless pay for their items. As previously reported, Lydia was launched in 2013 and claims it has become an “essential” app… Read More

December 11, 2018 @ 3:02 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Tuesday that it is secured $250 million through its Series C funding round, which was reportedly led by venture capitalist and Internet Trends author, Mary Meeker. Plaid was founded in 2012 and focuses on enabling innovation and democratizing… Read More

December 11, 2018 @ 9:31 am By Samantha Hurst  |  

Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Tuesday it has acquired a controlling interest in Finantix, which is a provider of technology enabling the digitalization of omni-channel advisory, sales, and services processes of private banks, wealth managers and insurance companies. This… Read More

December 11, 2018 @ 8:53 am By Erin Hobey  |  

The Billion Dollar Fund for Women (TBDF), founded by Shelly Porges, Sarah Chen, Anousheh Ansari, Nadereh Chamlou and Anu Jain, aims to mobilize and connect venture funds with institutional and other investors to create larger pools of capital for investments into women-founded companies. The global venture consortium’s funds… Read More

December 10, 2018 @ 9:39 am By Samantha Hurst  |  

Tide, a UK-based SME challenger banking, announced on Monday it has claimed one percent of the UK SME banking market just two years after it first started operations. The company reported that by the end of 2018, 56,000 of a total of 5.6 million UK… Read More

December 9, 2018 @ 8:29 pm By Samantha Hurst  |  

The Ontario Securities Commission (OSC) announced last week it is seeking applications for membership on its Fintech Advisory Committee (FAC). The OSC reported the FAC advises the OSC LaunchPad staff on developments in the fintech space and the challenges faced by start-ups in the securities industry. It… Read More

December 7, 2018 @ 9:27 am By Samantha Hurst  |  

Kik, a Canada-based chat platform, announced on Thursday the launch of its new peer-to-peer transaction feature, which is powered by Kin. According to Kik, the feature will allow users who are participating in public group chats to reward group administrators for facilitating positive and meaningful user interactions inside… Read More

December 6, 2018 @ 9:26 pm By Samantha Hurst  |  

On Thursday, Malta-based fintech BANKEX announced it has launched its own security token trading platform, BANKEX Token Exchange. According to the company, this new platform enables not only the trade of basic pairs of utility tokens but also the trade of complex security tokens connected… Read More

December 6, 2018 @ 12:00 pm By Samantha Hurst  |  

Envestnet | Yodlee (NYSE: ENV), a data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced on Thursday the members of the newest Envestnet | Yodlee Incubator class. According to Envestnet | Yodlee, the incubator connects disruptive data-driven startups with the mentorship, strategic guidance,… Read More

December 5, 2018 @ 11:57 am By Samantha Hurst  |  

HonestFund, a Korean fintech startup, announced on Wednesday it secured $12 million through its Series B funding round, which featured investments from Dunamu & Partners, MurexPartners, KB investment, TL Asset Management, Bass Investment, and HB Investment. HonestFund total investment amount is now $21 million. Founded… Read More

December 3, 2018 @ 9:39 am By Samantha Hurst  |  

U.S. fintech startup Kyriba Corp. announced on Monday it has formed a partnership with WorldFirst, a foreign exchange and international payments expert, to expand its global solution ecosystem. According to Kyriba, the partnership with WorldFirst will streamline payment processes, increase the speed and transparency of cross-border payments, and… Read More

November 30, 2018 @ 9:05 am By Samantha Hurst  |  

Oriente, the Hong Kong-based financial services and technology company, announced earlier this week it secured $105 million through its initial funding round. The round included investment from the founders and a group of family offices such as members of the Berjaya Group, JG Summit Holdings, Inc., and Sinar Mas. The round ranks as one… Read More

November 29, 2018 @ 11:03 am By Samantha Hurst  |  

Accenture (NYSE: ACN) announced earlier this week it opened its new Canada innovation hub in the heart of Toronto’s business and technology district to help clients grow, compete and transform in the digital economy. Accenture reported that as part of its investment in Canada, it… Read More

November 29, 2018 @ 8:04 am By Samantha Hurst  |  

CreditEase announced on Thursday it was the winner the Star of Innovation award at Global Finance Magazine’s 2018 Stars of China Awards.   CreditEase reported that it has been actively using financial technology to drive inclusive finance and wealth management, serving a large base of high-growth groups,… Read More

November 28, 2018 @ 11:54 am By Samantha Hurst  |  

DBS Bank announced earlier this week it has signed an MOU with UnionPay International,a wholly owned subsidiary of China UnionPay, will enable more than one million DBS PayLah! users to use their mobile wallet overseas for cross-border QR code payments. According to DBS, DBS PayLah! users… Read More

November 28, 2018 @ 6:57 am By Samantha Hurst  |  

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has teamed up with digital tech agency AAXIS to continue the growth and development of the capabilities of alle2020, a global, white-label B2B2C digital capability framework it launched in October. According to Novae, alle2020 uses… Read More

November 27, 2018 @ 8:20 am By Samantha Hurst  |  

India-based HDFC Bank announced on Tuesday the launch of its new next-gen mobile banking app. According to HDFC, the app offers users effortless access to their bank accounts while on the go. The app made its debut at the Bank’s annual Digital Innovation Summit 2018 (DIS) in New… Read More

November 26, 2018 @ 11:55 am By Samantha Hurst  |  

UK-based fintech Finastra announced last week it has opened a new office in Bucharest, Romania. According to Finastra, the new site hosts more than 550 employees and contractors. It is located in the brand new Orhideea Towers in the business district of Bucharest. The move offers… Read More

November 25, 2018 @ 9:06 pm By Samantha Hurst  |  

Just a little over a year after securing £566,488 through its second Seedrs round, UK fintech CityFALCON has returned to the equity crowdfunding platform for the third time and already raised its initial £150,000 funding target.  As previously reported, CityFALCON has received awards from Twitter,… Read More