Tagged: fintech

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

June 6, 2018 @ 10:35 am By Samantha Hurst  |  

Envestnet | Yodlee (NYSE: ENV), a data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced on Tuesday enhancements to its Artificial Intelligence (AI) powered Financial Wellness Solution at CFSI’s Emerge Financial Health Forum. The company unveiled its new Financial Wellness Assitant for… Read More

June 5, 2018 @ 1:39 pm By Samantha Hurst  |  

Obligo, a fintech startup that’s focused on the real estate market, announced on Tuesday it has raised $5 million through its latest financing round to launch its next-generation security deposit alternative. The funding round was led by 83 North (formerly Greylock IL) and included investments from Entrée Capital and HFZ… Read More

June 5, 2018 @ 12:14 pm By Samantha Hurst  |  

Kony, Inc., an enterprise mobility and digital applications company, announced on Tuesday the launch of its new digital banking solution, Kony DBX. This launch of the solution comes just a little over six months after the expansion of Kony’s digital banking marketplace. According to Kony, the Kony DBX… Read More

June 5, 2018 @ 10:00 am By Samantha Hurst  |  

Online lender BlueVine announced on Tuesday it raised $60 million through its Series E Funding Round, which was led by Menlo Ventures, and includes new investors, such as SVB Capital. All major existing investors also participated. The funding round comes just a little over a month… Read More

June 5, 2018 @ 9:44 am By Samantha Hurst  |  

International money transfer service WorldRemit announced on Tuesday it has formed a new partnership with First Bank of Nigeria Limited (First Bank) for instant money transfers to all First Bank accounts in Nigeria. According to WorldRemit, the collaboration considerably expands WorldRemit’s footprint in the country and allows… Read More

June 5, 2018 @ 8:37 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has secured $103 million through a financing investment round, which was led by Mandra Capital and SINA Corp. with participation from STI Financial Group, Shunwei Capital Partners, and ZHONG Capital Holding Group. The company… Read More