Tagged: fintech

April 11, 2018 @ 4:08 pm By Samantha Hurst  |  

Chinese fintech and Alibaba-affiliated Ant Financial is preparing to launch a private funding round in order to secure up to $9 billion. According to various reports, the company is increasing the funding target from previous funding rounds that sought up to $5 billion. Ant Financial’s previous fundraising round… Read More

April 11, 2018 @ 3:10 pm By Samantha Hurst  |  

Liberis, a UK-based fintech, announced on Wednesday it secured £57.5 million in combined funding from British Business Investments, Paragon Bank, BCI Finance, and Blenheim Chalcot. According to Liberis, the new facility and equity investment will accelerate our growth to help support an estimated 100,000 UK jobs by… Read More

April 11, 2018 @ 12:57 pm By Samantha Hurst  |  

On Tuesday, ATB Financial announced the city of Alberta will get a boost in its contribution to the national artificial intelligence (AI) industry through a four-year partnership between it and the University of Alberta. According to ATB Financial, a group of students, paired with selected… Read More

April 11, 2018 @ 10:09 am By Samantha Hurst  |  

Vodi, the financial and messaging app that always gives back more to its users, has just announced a new partnership with Viettel America (VTA), a subsidiary of Viettel Group, the international telecommunications conglomerate. The duo revealed that through the partnership they will work together to launch exciting… Read More

April 11, 2018 @ 9:17 am By Samantha Hurst  |  

LendIt Fintech, the world’s leading event in financial services innovation, announced on Wednesday the winners of its sixth annual PitchIt competition and 21 winners of its second annual LendIt Industry Awards.  global competition for fintech startups to attract funding, mentorship, endorsement, and exposure to institutions,… Read More

April 11, 2018 @ 8:49 am By Samantha Hurst  |  

Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday the launch of its Galileo Cryptocurrency API to bridge the gap between cryptocurrencies and mainstream payments. According to Galileo, the cryptocurrency solution enables customers to seamlessly deposit funds denominated in cryptocurrencies to their accounts,… Read More

April 10, 2018 @ 11:19 am By Samantha Hurst  |  

EMQ, a fintech firm with an extensive financial settlement network in Asia, announced on Tuesday a strategic partnership with Kotak Mahindra Bank to expand EMQ’s network footprint in India. This partnership will aid in meeting the growing demand for instant remittances to the country from more… Read More

April 9, 2018 @ 4:06 pm By Samantha Hurst  |  

California-based startups innovation hub GSVlabs announced on Monday it secured $7 million through its Series B financing round, which was led by a syndicate of private investors, including partners from the leading Latin American asset manager HMC Capital. Founded in 2012, GSVlabs engages with startups, corporations, international agencies, mentors,… Read More

April 9, 2018 @ 2:54 pm By Samantha Hurst  |  

Atlanta-based fintech direct loan provider, LendingPoint, announced on Monday it is set to accept loan payments and disburse loans through debit cards thanks to its agreement with TabaPay.  LendingPoint reported it will allow borrowers to use debit cards for loan payments they make online or over… Read More

April 9, 2018 @ 2:11 pm By Samantha Hurst  |  

Cross River Bank announced on Monday as it approaches its 10th anniversary it has experienced a surge in growth and surpassing significant milestones as it grows its customer base, offerings and strategic partnerships designed to revolutionize the banking infrastructure. The company reported that in 2017,… Read More

April 5, 2018 @ 5:00 pm By Samantha Hurst  |  

Plug and Play announced on Thursday the 156 startups accepted into eight of its programs. These programs will run from April through June and include Energy & Sustainability, Enterprise 2.0, Health & Wellness, Insurtech, Internet of Things, Mobility, Real Estate, and Travel & Hospitality. The organization… Read More

April 5, 2018 @ 4:00 pm By Samantha Hurst  |  

Canadian fintech lender PayBright announced on Thursday its e-commerce financing solution is now available for merchants operating the IBM Websphere Commerce platform. According to PayBright, the e-commerce solution integrates with merchant’s e-commerce platforms and provides Canadian customers with an additional payment option at checkout. Upon selecting PayBright… Read More

April 5, 2018 @ 9:12 am By Samantha Hurst  |  

Ethis Ventures, a venture firm based in Malaysia, announced on Thursday it has signed a crowdfunding partnership agreement with the Islamic Development Bank Group (IDB) at the IDB Annual Meeting in Tunisia. According to Ethis, The IDB, under the dynamic leadership of President HE Hajjar… Read More

April 4, 2018 @ 4:08 pm By Samantha Hurst  |  

Bitt, a Barbados-based fintech company, announced this week it closed its Series A investment round with an investment from retail giant Overstock.com of $16 million, placing the company’s valuation at $50 million. Founded in 2013, Bitt states it utilizes distributed ledger technology to improve speed, efficiency,… Read More

April 4, 2018 @ 2:07 pm By Samantha Hurst  |  

On Wednesday, Japan’s Financial Services Agency (FSA) announced it Exchanged of Letters for Cooperate Framework on fintech with the Swiss Financial Market Supervisory Authority (FINMA). According to the organization, this Cooperate Framework recognizes the global nature of innovation in financial services and intends to enhance… Read More

April 4, 2018 @ 11:32 am By Samantha Hurst  |  

Digital challenger bank Revolut announced on Wednesday it is currently making plans to launch in Singapore. This news comes just after the company announced it launched “disposable’ virtual cards. “From clunky apps to hidden fees, banking as we know it is broken. That’s why we decided to… Read More

April 4, 2018 @ 11:12 am By Samantha Hurst  |  

FINBOURNE, a London-based fintech platform, announced last week it has launched its LUSID Design Council, which has five financial institutions as members. The institutions include Fidelity International, HSBC Securities Services, and Altana Wealth. Founded in 2016, FINBOURNE describes itself as a technology firm that is… Read More

April 4, 2018 @ 8:41 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced on Wednesday it is set to close its Prepaid Beta, which was launched in March 2016 to make sure the bank was “building something” that consumers actually needed. While sharing details about its growth since the Beta’s launch, Monzo stated:… Read More

March 29, 2018 @ 3:00 pm By Samantha Hurst  |  

RSM US LLP (“RSM”), a provider of audit, tax and consulting services focused on the middle market is pleased to announce on Wednesday it has formed a partnership with global innovation platform, Plug and Play. RSM reported that as a strategic founding partner for Plug and Play’s… Read More

March 29, 2018 @ 11:32 am By Erin Hobey  |  

Starling Bank, after recently being voted the Best British Bank, has reportedly become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. Starling’s app aims to allow small business owners to open an account in less than… Read More