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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170
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B2B Neobank Qonto Gets $115M In Series C Round

PYMNTS

Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 It also plans to hire more employees with the capital. Qonto launched its corporate digital banking solution in 2017. Compliance startup Chainalysis landed $30 million in a funding round, and Open Financial Technologies raised $4.6

Capital 131
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Corporate Payments Firm AccessPay Secures US Backing

PYMNTS

Based in Manchester, AccessPay provides a digital platform for payments, cash management and treasury operations by integrating businesses’ back-end operations with their banks. In 2017, it co-led a $15.2 ” Beringea, based in both the U.K. and U.S.,

Security 143
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Alipay Rides The Payments Licensing Trend In Europe

PYMNTS

Alipay’s latest expansion — this time, to Luxembourg — shows not only the increasing reach of the China-based mobile payments ecosystem, but also stands as the latest example of companies in payments and FinTech gaining licenses to operate in Europe. The company said its capital value has jumped from 280 million pounds in 2017.

Trends 185
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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. reports noted.

Lending 122
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Naspers Earmarks $1B For Indian FinTech Investments

PYMNTS

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. Tencent also operates WeChat, the wildly popular messaging app. The startups raised the capital in 924 rounds. In 2017 Indian startups raised $10.4

Fintech 123
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Rocket Internet Eyes AI, FinTech Investments

PYMNTS

Rocket Internet , the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Rocket CEO Samwer did note that Jumia, which is still losing money, may need to raise capital during the next two years.

Fintech 122