Tagged: ing

Funding Options Receives £5 Million Investment from Global Bank ING, Will Expand Internationally

Funding Options, a UK Fintech that provides a “supermarket” of financing options for SMEs, has received a £5 million investment from ING Ventures – the VC arm of the global bank. The additional capital is expected to be used for Funding Options to expand its… Read More

Irish Cross-Border B2B Payments Firm TransferMate Secures €21 Million Investment From ING

TransferMate, an Ireland-based cross-border B2B payments technology solution, announced over the weekend it secured a €21 million investment from European bank ING Group N.V. As part of the investment, ING reportedly received a small minority equity stake in Transfermate. TransferMate also revealed that as part of the… Read More

ING Report: 66% of Europeans Have Heard about Cryptocurrency, Only 1 in 10 Have Invested in Crypto Assets

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Global financial services firm ING is out with an interesting report on cryptocurrency. Partnering up with Ipsos to create Cracking the Code on Cryptocurrency, ING surveyed much of Europe to gain insight into this emerging sector of finance. According to the research; 66% of individuals… Read More

ING Partners With AXA to Create Global Insurance Platform

ING and AXA announced on Wednesday they have formed an exclusive, long-term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. The companies reported that under this new partnership, ING will bring its digital banking experience and AXA… Read More

HSBC Singapore Joins Forces With ING & Cargill to Conduct Live Commercial Trade Finance Transaction on R3’s Blockchain Platform Corda

HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda.  According to HSBC Singapore, the blockchain transaction involved a bulk shipment of… Read More

Money App Yolt Announces Collaboration With Challenger Bank Monzo

Yolt, an ING created smart thinking money app, announced on Friday it has joined forces with UK-based challenger bank Monzo. Yolt declared that Monzo accounts may now be connected through the fintech mobile app. “While Monzo focused on current accounts and we focused on our topbar… Read More

Commonwealth Bank of Australia Completes RegTech Pilot With ING

Earlier this week, Commonwealth Bank of Australia (CBA) announced it has completed a regtech pilot with ING to simplify processing of information and implementation of regulation using the Markets in Financial Instruments Directive II (MiFID II) as a test case. According to CBA, the project… Read More

ING Expands SME Lending in France & Italy

ING announced this week it has started to offer online lending to small and medium enterprises (SMEs) in France and Italy. According to ING, this proposition fits its strategy to grow its lending business to SMEs and creating a differentiating customer experience. The offering has… Read More

ING Launches €300 Million Fintech Fund

On Wednesday, ING announced the launch of ING Ventures, a €300 million fund that aims to invest in fintech companies. The company revealed that the fund was created to accelerate the pace of innovation and will expand the existing portfolio of investments in the next four years…. Read More

Kabbage & ING Extend Strategic Partnership to Italy & France

Kabbage Inc., a global financial services, tech and data platform serving small businesses, and ING, a leading global bank, are expanding their strategic partnership into France and Italy to provide small businesses with real-time access to working capital. Building on ING’s successful launch in Spain… Read More

Call Elon Musk! ING Says Bitcoin Costs More than you Think as Powering the entire Bitcoin Blockchain Costs over 2200 MW

ING is calling this a “Mad Max Problem”, perhaps a reference to beyond Thunderdome’s plot surrounding power generation in a post apocalyptic world. Teunis Brosens, a Senior Economist with ING, says Bitcoin transactions, and crypto in general perhaps (ETH is more efficient), are more expensive… Read More

Finastra Teams Up With R3 & Seven Banks to Create Distribute Ledger Technology Platform

UK-based fintech firm Finastra announced on Thursday it has teamed up with R3 and seven banks to create an online marketplace to drive transparency and efficiency in the syndicated loan market. Finastra reported that R3’s distributed ledger technology (DLT) based platform, Fusion LenderComm exposes real-time credit agreement, accrual… Read More

I-MOVIX Named First Belgium Company to Raise Funds on Seedrs

I-MOVIX has recently launched a campaign on Seedrs to raise €250,000. The ING-backed tech brand was named the first Belgium company to launch an initiative on Seedrs since the funding portal announced plans to expand into the Belgium, Netherlands and Luxembourg region earlier this summer. The company,… Read More

Q&A: Kabbage CEO & Co-Founder Rob Frohwein, Originating $2B Loans & Growing

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

Fintech Startups and The Future of Banking

Will fintech startups cause the demise of banks or come to their rescue? This was one of the topics debated at The “Future of Banking” event held by The Economist in Paris on March 10th 2016. The Future of Banking was aptly subtitled “Survival of… Read More

ING and Kabbage Partner to Bring Platform Lending to Europe’s Small Businesses: First Stop Spain

  True to its name, Kabbage is growing and growing, partnering now with ING. Last week, Kabbage announced a $135 million equity raise led by Reverence Capital Partners as well as ING, Santander InnoVentures, and Scotiabank. Kabbage Inc., a leading technology and data platform powering automated lending, and ING, a leading… Read More

Kabbage Harvest: Reverence Capital Leads Global Investors in $135M Equity Raise; Credit Facility Touts Threefold Expansion

Money may not grow on trees, but seems to grow well on a certain Atlanta Kabbage patch.  The trailblazing tech and data platform announced a $135 million equity raise led by Reverence Capital Partners as well as ING, Santander InnoVentures, and Scotiabank. Additional new investors include China’s… Read More

Seedrs, KissKissBankBank Partner with ING on Crowdfunding “Fast Track”

ING Belgium has formed a partnership with two leading crowdfunding platforms.  Seedrs, based in the UK, and KissKissBankBank, based in France, will power a fast-track process for clients looking to raise capital.  In recognition of the fact that bank loans are not optimal for entrepreneurs… Read More

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