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India SME Lender Capital Float Tops Up Funding

PYMNTS

After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. Capital Float has provided more than 500,000 clients with $1.2 million from current investors.

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Capital Float On The Path To Video-Based KYC Implementation

PYMNTS

India-based digital lender startup Capital Float witnessed a multitude of benefits from implementing video-based KYC to help onboard its small- to medium-sized business (SMB) clients. Capital Float had provided 500,000 clients with $1.2 Capital Float had provided 500,000 clients with $1.2

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CB Insight’s Top 250 Fintechs Made 186 Deals Worth $24B This Year

Bank Innovation

CB Insights on Monday named its 2018 Fintech 250, a list of what the research firms considers the most promising fintech companies globally. Nearly half the companies are new to the Fintech 250 list, which was first published last year.

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Brazil FinTech Nubank Expands User Base

PYMNTS

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. The FinTech has expanded beyond fee-free credit cards and now offers bank accounts and associated services for both businesses and individuals.

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The New Lending Fintech Bonanza

Gonzobanker

2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. And the industry’s two largest fintech providers, FIS and Fiserv, reported organic revenue declines largely due to economic impact to the payments market. It’s one big sandbox.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties. Sandboxes, Gathering Steam.

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

Bank Innovation

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

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