Tagged: fintech

June 19, 2018 @ 8:18 am By Samantha Hurst  |  

Chinese fintech Yirendai announced on Tuesday global investment banking group Goldman Sachs has provided it with RMB 324 million of funding for a term of three years. While sharing details about the investment,  Dennis Cong, Chief Financial Officer of Yirendai, stated: “We are very excited to see the… Read More

June 18, 2018 @ 3:48 pm By Samantha Hurst  |  

Finance Montréal announce on Monday the launch of the Montréal FinTech Station, which had financial support from the Government of Québec. According to Finance Montréal, the Montréal FinTech Station’s mission will be to support the development of new businesses in the financial technology sector as well as help… Read More

June 18, 2018 @ 11:01 am By Samantha Hurst  |  

Finastra announced on Monday it has acquired Malauzai, a Texas-based provider of mobile and Internet banking solutions for community financial institutions. The company reported that this new deal reflects its commitment to the U.S. retail and business banking sectors by further enabling digital transformation for… Read More

June 18, 2018 @ 9:20 am By Samantha Hurst  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Monday it has teamed up with Dollar Bank to launch the bank’s new digital banking and payment capabilities with a focus on the customer experience. According to Fiserv, Dollar Bank will build on its… Read More

June 17, 2018 @ 2:40 pm By Samantha Hurst  |  

UK-based fintech Revolut announced last week a new update with its mobile app, which recently relaunched with a new look. The company debuted new Accounts, Analytics, and Payment Screens.  “Our product designers and engineers have been hard at work building a new Accounts screen from the ground up. They’ve… Read More

June 15, 2018 @ 9:16 pm By Samantha Hurst  |  

German mobile bank N26 recently announced it serves more than one million customers across the European continent. The company reported that it has doubled its customer base over the last nine months. According to N26, the monthly transaction volume exceeds €1 billion, signaling high levels of… Read More

June 14, 2018 @ 9:45 pm By Samantha Hurst  |  

On Thursday, Barclays announced the next 11 companies to the 2018 Tel Aviv Barclays Accelerator, powered by Techstars. The company claimed that this program, which has been running since 2014, has become one of the most selective fintech accelerators in the world, with a growing… Read More

June 13, 2018 @ 8:18 pm By Samantha Hurst  |  

On Wednesday, Cyprus-based telecom provider PrimeTel announced it has teamed up with Revolut to help customers connect to a “world of unlimited digital capabilities” through the duo’s new PrimeTel Revolut co-branded contactless Visa card that comes with a host of features to make managing money… Read More

June 12, 2018 @ 10:00 am By Samantha Hurst  |  

Enterprise Ireland, the government organization that’s responsible for the development and growth of Irish enterprises, announced on Monday the launch of its new €750,000 Competitive Start Fund for Fintech and Deep Tech start-up companies that have the capacity to succeed in global markets. According to… Read More

June 12, 2018 @ 6:00 am By Samantha Hurst  |  

Timelio, an Australia-based online marketplace for invoice and supply chain finance, announced on Tuesday it has surpassed $250 million in invoice funding. Founded in 2014, the fintech firm stated its purpose is to improve the financial well-being of business owners by improving cash flow for… Read More

June 11, 2018 @ 9:24 pm By Samantha Hurst  |  

Luge Capital, a new venture capital fund specifically focused on early-stage fintech companies and artificial intelligence (AI) solutions applied to financial services, announced on Monday it has completed a $75 million round of financing to begin operations. The fund reported that Initially, $50 million of the raised capital was… Read More

June 11, 2018 @ 8:51 pm By Samantha Hurst  |  

On Monday, global fintech InvestCloud announced it has acquired London-based rplan Limited for $20 million. According to InvestCloud, rplan is a provider of client engagement technology to support investment propositions for web and mobile. The company’s client base includes four of the top eight UK… Read More

June 11, 2018 @ 7:48 am By Samantha Hurst  |  

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More

June 11, 2018 @ 7:19 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD), a fintech company that’s based in China, announced on Monday its board of directors has approved a share repurchase program whereby Yirendai is authorized to repurchase its ordinary shares in the form of American depositary shares with an initial aggregate value of up to $20 million. While sharing more details about the… Read More

June 8, 2018 @ 8:19 pm By Samantha Hurst  |  

Chinese fintech and Alibaba-affiliated Ant Financial Service Group announced on Friday it secured approximately $14 billion through its Series C Equity Funding round, which includes an RMB tranche raised by the company from domestic investors and a USD tranche raised by Ant international Co., Limited, a wholly… Read More

June 7, 2018 @ 10:39 pm By Samantha Hurst  |  

On Thursday, point-of-sale financing and payment tech provider Flexiti announced it has acquired TD Financing Services’ (TDFS) Canadian private label credit card portfolio, which is valued at approximately $250 million. According to Flexiti, the acquisition includes an equity investment of over $50 million led by… Read More

June 7, 2018 @ 11:12 am By Erin Hobey  |  

Finanbest, a Madrid-based licensed securities agency, offers a digital end-to-end wealth management solution for retail investors, reportedly reducing costs for clients up to 70%. The platform has partnered with Crowdcube to raise £175,000 for 6.22% equity. The agency was pre-valued at £2,638,522.  At this writing, the… Read More

June 7, 2018 @ 9:45 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Thursday it has formed a new partnership with HomeTrust Bank to bring Account payable automation and payment solutions payment solutions to treasury customers. According to the duo, through… Read More

June 7, 2018 @ 9:07 am By Samantha Hurst  |  

Cross-border payment platform Currencycloud announced on Thursday it has launched remittance service in South Korea. This news comes nearly one year after forming a partnership with South Korean credit card company, Hyundai Card. According to the company, this news builds on its momentum in Asia-Pacific, with… Read More

June 6, 2018 @ 12:26 pm By Samantha Hurst  |  

MoloFinance, a UK-based fintech that is aiming to revolutionize mortgages, announced on Wednesday it secured £3.7 million through its latest seed funding round, which was led by Ubon Partners. Founded in 2017, the company reported it is developing what it thinks is the first true fully… Read More