Tagged: software as a service

U.S. Software-as-a-Service Torii Reportedly Raises $10 Million Through Series A Funding Round

  Torii, a U.S.-based software-as-a-service (SaaS) provider, has reportedly secured $10 million through its Series A funding round. Founded in 2017, Torii stated its mission is to help modern IT drive the business forward by making the “best use” of SaaS. “We help IT professionals… Read More

Frontline Ventures, which backs B2B SaaS Firms with Dublin, London, San Francisco Offices, Launches New €70M Fund

Frontline Ventures, which supports several different Fintech companies including alternative lending platform Linked Finance, has introduced a €70 million fund. Frontline has also been backing Fintechs such as Clearbanc and Currencyfair. Frontline Ventures’ new fund includes strategic investments from the European Investment Fund, the Ireland… Read More

Singapore Insurtech CXA Group to Sell Brokerage Division, will Focus on SaaS Platform and Global Expansion

Singapore-headquartered Insurtech firm CXA Group has reportedly decided to restructure its operations by selling off its brokerage division so that it can focus on the development and global expansion of its enterprise software-as-a-service (SaaS) platform. CXA stated that it will be selling its brokerage business… Read More

Fintech as a Service Providers in Mexico Likely to Face Serious Challenges due to New Regulations, Analysts Claim

A new regulatory policy has reportedly been introduced by Mexico’s financial industry regulator CNBV and it’s being referred to as “a death sentence” for firms that are providing Fintech-as-a-Service (FaaS) businesses, according to analysts. Carlos David Valderrama Narvaéz and Diego Montes Serralde from Legal Paradox,… Read More

Decentralized Oracle Network Chainlink Awards Development Grant to German Blockchain Firm Anyblock Analytics

Chainlink (LINK), a “decentralized” Oracle network that securely connects various blockchain-based smart contracts with data from “the real world,” has announced that it has awarded a grant to Anyblock Analytics, a Germany-based infrastructure provider and development “shop” for blockchain-powered solutions. According to a blog post… Read More

Australian Financial Advice SaaS Platform Lumiant Now Seeking Up to $1.5 Million Through Newly Launched Equities Crowdfunding Campaign

Australian financial advice software as a service (SaaS) platform Lumiant announced on Monday it is now seeking $1.5 million through its equity crowdfunding campaign on Equitise. Founded earlier this year, Lumiant describes itself as a soon-to-be live, interactive client experience SaaS solution that drives “better”… Read More

Singapore’s Propine, a Regulated Digital Asset Custodian, Partners Skyhook Capital, a Fintech SaaS Platform

Singapore-based Propine, an independent and regulated digital asset custodian, has partnered with Skyhook Capital, the Singapore-headquartered Fintech (software-as-a-service) SaaS platform that offers access to digital securities that may be incorporated within investors’ traditional wealth portfolios. According to a release shared with Crowdfund Insider, the partnership… Read More

Skyhook Capital, a Distributor of Investment-Grade Digital Assets, Partners Digital Asset Shared Ledger, a Corda based Liquidity Network

Singapore-based Skyhook Capital Pte Ltd, a Fintech firm focused on the distribution of “investment-grade” digital assets to institutional and retail clients, has teamed up with Digital Asset Shared Ledger (DASL), the global digital asset liquidity network for financial institutions that are built on Corda. As… Read More

Transcend, which Focuses on De-Risking Collateral Decision-Making, Secures $10 Million via Series A Round led by Nyca Partners

Transcend, a US-based firm that focuses on de-risking collateral decision-making, has managed to close an oversubscribed $10 million Series A investment round that was led by Nyca Partners. Transcend’s management noted that the company has seen significant growth as collateralized ventures or businesses look for… Read More

Acquisition Demand for Software as a Service (SaaS) Firms has Become “Even Stronger” following COVID, According to Industry Exec

Michael Walkinshaw from TIMIA Capital notes that the acquisition demand for software-as-a-service (SaaS) companies has become even stronger in a post COVID world. He states that there has been a noticeable increase in SaaS growth equity funding and M&A activity during the past few months…. Read More

U.S. SaaS Platform Capitolis Scores Strategic Investment From Citi, JP Morgan, & State Street

Capitolis, a U.S.-based SaaS platform that drives financial resource optimization for capital markets, announced on Thursday it secured a strategic investment from Citi, J.P. Morgan and State Street. Founded in 2017, Capitolis claims its network software enables financial institutions to optimize their balance sheets, which… Read More

Dutch Fintech Ohpen Announces Acquisition of Cross-Border Loan & Mortgage SaaS Provider Davinci

Ohpen, an Amsterdam-based fintech, announced on Tuesday it has acquired cross-border loan and mortgage Software-as-a-Service (SaaS) provider, Davinci. Ohpen reported that the acquisition will allow it to address the $300 billion global bank IT spending market as it targets international expansion. “This acquisition is a testament… Read More

Australian Stock Exchange listed Fintech 9Spokes Reportedly Seeking $10 Million to Grow Customer Base for its Software as a Service Platform

Australian Stock Exchange (ASX) listed Fintech firm 9Spokes International (ASX:9SP) is reportedly planning to secure new investments. 9Spokes aims to use the funds to grow its customer base,  by providing various software-as-a-service (SaaS) solutions.. The Fintech company announced its fundraising plans on August 26, 2020…. Read More

Software-as-a-Service Provider LiquidityBook Appoints Cash Lafferty As Head Business Development on West Coast

LiquidityBook, a U.S.-based Software-as-a-Service (SaaS)-based provider of buy and sell-side trading solutions, announced on Tuesday the appointment of Cash Lafferty as Head of Business Development – West Coast. According to LiquidityBook, Lafferty has 20 years of experience across a variety of sales, trading, technology roles…. Read More

Digital Transformation Report: AI, Cloud based SaaS, and the Latest Fintech will Transform Banking in Next 5 Years

Max Chuard, CEO at Temenos (SIX: TEMN), a Switzerland-based banking software company, notes that the COVID-19 outbreak has accelerated the demand for the latest banking technologies and other cost-cutting performance efficiencies. Chuard says Cloud technologies and AI could potentially help banks weather significant socio-economic changes… Read More

Google Cloud to Offer Mambu’s Digital Banking and Lending Products Natively

Mambu, a Berlin-based SaaS cloud banking platform provider, has teamed up with Google Cloud. Through the partnership, Mambu clients will be able to use a cloud-agnostic platform to launch and expand existing banking and lending operations into other countries. Mambu will aso be able to… Read More

Nasdaq listed First Foundation to Expand its Digital Bank by using Digital Onboarding’s Client Engagement and Communication Platform

First Foundation Inc. (NASDAQ: FFWM), a company that provides banking, real estate financing, wealth management and trust services, has announced that it’s expanding its digital bank. First Foundation confirmed that it will work with Digital Onboarding (the company) as its “go-to digital client engagement and… Read More

China and India Reportedly have Highest Fintech Adoption Rate, but New VC Funds Mainly Focused on Revenue-Generating Fintechs, According to Efi Pylarinou

  Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base. Pylarinou confirms that the valuations of later-stage Fintech companies have… Read More

German Fintech Firm TIS Secures $20 Million in Capital via Round Led by Aquiline Technology Growth

German Fintech firm TIS (Treasury Intelligence Solutions), which offers a cloud-powered platform for handling cash flows and corporate payments, has acquired $20 million in additional funding. TIS’ latest investment round was led by Aquiline Technology Growth. Existing investor 83North also made contributions. TIS’ management noted… Read More

Financial Markets Data & Infrastructure Provider Refinitiv Announces Acquisition of Software as a Service Provider Scivantage

Fintech

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, recently announced it has acquired Software as a Service (SaaS) provider, Scivantage. Refinitiv reported that the acquisition of Scivantage represents the next step in its… Read More

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