Tagged: fintech

December 16, 2017 @ 10:58 am By Samantha Hurst  |  

Less than one year after securing $13 million during its Series A funding round, Aussie fintech startup Airwallex announced it has received an $8 million investment from Paul Bassat’s Square Peg. As previously reported, Airwallex was founded in 2015 and describes itself as a foreign exchange market that makes… Read More

December 15, 2017 @ 12:46 pm By Samantha Hurst  |  

The Gibraltar Financial Services Commission (GFSC) announced on Friday it has published new rules for a finance service license dedicated to fintech firms using blockchain distributed ledger technology. The GFSC shared that from the 1st January 2018, any firm carrying out by way of business,… Read More

December 15, 2017 @ 9:45 am By Samantha Hurst  |  

On Friday, Indonesia-based on-demand application service and digital wallet platform GO-JEK announced it has acquired three fintech startups. The three fintechs that GO-JEK acquired are Kartuku, offline payment service company; Midtrans, online payment gateway company; and Mapan, a goods sharing network. According to the company, the acquisitions… Read More

December 15, 2017 @ 8:50 am By Samantha Hurst  |  

On Thursday, California fintech Edge Mobile Payments announced it has acquired digital payments company Plastc as it prepares to enhance its smartcard technology platform. The new acquisition will also enable Edge to build on Plastc’s progress and accelerate the release of its upcoming Edge Card…. Read More

December 14, 2017 @ 3:56 pm By Samantha Hurst  |  

Earlier this week, Brazilian fintech startup Nubank announced it has opened an engineering unit in Berlin. According to CTO Edward Wible, the company is expecting to hire two dozen employees for the new German hub. Founded in 2013, Nubank stated it is committed to fighting… Read More

December 14, 2017 @ 10:37 am By Samantha Hurst  |  

China-based fintech Yirendai announced on Wednesday it has made a $50 million strategic investment in Lion Rock through the financial service platform’s Series A funding round. According to Yirendai, Lion Rock is headquartered in Hong Kong and is licensed by the Hong Kong Securities and… Read More

December 13, 2017 @ 4:17 pm By Samantha Hurst  |  

On Wednesday, retail giant Walmart announced it has teamed up with fintech startups Even and PayActiv to provide a suite of new financial wellness services for its more than 1.4 million associates nationwide. According to the retailer, this new financial solution will allow its associates… Read More

December 13, 2017 @ 3:50 pm By Samantha Hurst  |  

Fintech investment platform Fundnel announced on Tuesday it has partnered with investment advisory and wealth management group Thirdrock to help mid-stage, high-growth companies obtain funding in a more timely and cost-efficient manner. According to Fundnel, the partnership will unite Fundnel’s deal assessment technology with Thirdrock’s forward-looking investment mandate. It… Read More

December 13, 2017 @ 1:54 pm By Samantha Hurst  |  

On Tuesday, global fintech firm InvestCloud announced it has created a digital platform and smartphone app for investment advisor Chilton Trust Company. The company reported that Chilton Trust will be using its InvestCloud Blue product to support its digital capabilities for U.S. clients. According to InvestCloud,… Read More

December 12, 2017 @ 9:20 am By Samantha Hurst  |  

Simility, a provider of machine learning–powered adaptive fraud prevention solution, today announced it has secured $17.5 million during its latest funding round. PayPal, Inc. also participated in the round as a new strategic investor along with existing investors The Valley Fund and Trinity Ventures. This brings Simility’s… Read More

December 8, 2017 @ 1:42 pm By Samantha Hurst  |  

Less than a month after launching its money-saving features Pots, challenger bank Monzo announced that the feature is now available on the Android smartphone app. As previously reported, Pots is described as a simple way to set money aside within a user’s main Monzo account. The bank stated:… Read More

December 8, 2017 @ 10:42 am By Samantha Hurst  |  

On Friday, U.S. fintech and online provider of business valuation big data BizEquity announced it has formed a partnership with Envestnet,  a wealth technology platform for advisors, to offer its patented cloud-based service and product to Envestnet’s 60,000 wealth advisors through the Env 2 platform. The… Read More

December 7, 2017 @ 3:55 pm By Samantha Hurst  |  

Earlier this week, Mexican Senate passed a new bill that was designed to regulate fintech companies and cryptocurrency throughout the country. As previously reported, Mexico’s President, Enrique Peña Nieto declared in September that an initiative will be submitted to regulate and provide a legal framework for fintech… Read More

December 7, 2017 @ 2:59 pm By Samantha Hurst  |  

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. “Financial Technology [Fintech] Providers… Read More

December 7, 2017 @ 11:45 am By Erin Hobey  |  

Marking its 15th anniversary year, BFS Capital, a small business financing platform, has extended over $1.7 billion in financing since funding its first deal in 2002. The company also reported that over 75 percent of its originations have occurred in the last five years and more… Read More

December 6, 2017 @ 11:26 am By Samantha Hurst  |  

Israel-based Viola Investment Group announced on Wednesday it secured $100 million toward a target of $120-$150 million, for a new global FinTech fund. According to the company, this new fund is backed by selected leading global banks, insurance companies and asset managers, including Scotiabank, The Travelers Companies,… Read More

December 5, 2017 @ 12:23 pm By Samantha Hurst  |  

Fintech firm eOriginal, Inc., announced on Tuesday it has appointed Michele Weber as Chief Marketing Officer (CMO), adding critical expertise to the rapidly growing financial services technology company. The company reported it has experienced significant growth as companies adopt digital lending as a way to meet… Read More

December 5, 2017 @ 8:21 am By Samantha Hurst  |  

On Monday, New York University’s Stern School of Business announced it secured $8 million to establish The Fubon Center for Technology, Business, and Innovation. The funds were given by alumnus Richard Ming-Hsing Tsai (MBA ’81), Chairman and CEO of Fubon Financial Holding Co., Ltd. together with Fubon Financial Holding… Read More

December 4, 2017 @ 10:13 pm By Samantha Hurst  |  

Just a couple months after JPMorgan Chase (NYSE: JPM) announced it was acquiring WePay, the payments platform revealed that has officially become a Chase company. WePay stated that it will continue to provide integrated payments to global software platforms. It will also provide instant merchant onboarding… Read More

December 4, 2017 @ 4:00 pm By Samantha Hurst  |  

Atlantic Capital Bank announced on Monday it has appointed Chris Stanley as its new Vice President of Fintech Industry Banking to lead its fintech banking practice. According to the bank, Stanley has over 17 years of experience in corporate banking and supporting technology companies. Prior to… Read More