Bank Innovation

FEBRUARY 16, 2017

Venture capital-backed fintech companies in the U.S. Fintechs raised $5.5 billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More. Venture capitalists were not buying it last year. saw a drop in both deals and funding volume last year. billion across 422 deals, compared to $7.7

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PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Much is at stake when it comes to the country’s FinTech businesses. The sector has an estimated worth of 7 billion pounds ($8.9

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PYMNTS

JANUARY 25, 2021

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). Backed by billionaires Peter Thiel and Li Ka-Shing, N26 launched its first products in 2015 and is among Europe’s most valuable non-listed FinTechs.

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Bank Innovation

MARCH 7, 2019

Fresh off a $400 million funding led by SoftBank, fintech lender OakNorth is close to establishing its first bank partnership in the U.S., Founded in 2015, OakNorth is a digital-based SME […]. which will also serve as its entry into the country, Bank Innovation has learned.

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Chris Skinner

MAY 25, 2016

I was just sent a press pre-release copy of The Pulse of Fintech, the quarterly global report on Fintech VC trends published jointly by KPMG International and CB Insights. Q1 sees $5.7bn invested appeared first on Chris Skinner's blog.

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PYMNTS

MARCH 31, 2020

FinTech venture capital fund Broadhaven Ventures; U.S. The FinTech has raised $73 million to date to expand its digital banking offerings. Greenspring Associates is a global venture capital investment platform managing assets in excess of $10 billion. Other investors include U.K. growth equity investment firm Greyhound Capital; U.S.

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Bank Innovation

SEPTEMBER 21, 2018

The fintech last raised funds in a Series B round in 2015. BB&T’s $5 million dollar investment represents the first time that the bank has invested in a fintech company. Data analytics company Enigma celebrated a $95 million dollar Series C raise earlier this week. The […].

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Chris Skinner

MARCH 1, 2017

I was reflecting on a friend of mine who runs a FinTech start-up. But it gives you an insight into how hard starting a new firm is, FinTech or Tech or any really. How many of those are there in FinTech? America is still big on FinTech. Asia is big on FinTech. billion in 2015 to $783 million last year.

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Chris Skinner

JULY 26, 2017

Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Global VC FinTech investment attracts $6.5 Global VC FinTech investment attracts $6.5 Global VC FinTech investment attracts $6.5 Last year this quarter, the … The post FinTech: $6.5

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BankInovation

APRIL 22, 2022

Canadian digital lender QuadFi has raised $100 million in debt financing, the fintech announced Wednesday. QuadFi, founded in 2015, uses artificial intelligence (AI), machine learning, and data analytics to provide lending solutions to customers with thin or non-existent credit.

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PYMNTS

JANUARY 14, 2020

Visa, management said on the call, will capitalize on what was termed a FinTech-driven evolution that is currently shaping financial services, as well as growing Visa’s core payments business. In one recent example from late last year, The Clearing House released a template designed to help banks link with FinTech firms, and connect to APIs.

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PYMNTS

NOVEMBER 9, 2020

FinTech Tide withdrew from the program citing inadequate funding, according to a report in The Guardian. . The FinTech lender Tide is scrambling to secure the funding necessary to offer BBL top-ups to its customers. Tide was founded by banker George Bevis in 2015; London venture capitalist Eileen Burbidge serves as the bank's chair.

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PYMNTS

MARCH 4, 2020

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. TerraPay was launched in 2015. TerraPay management said it developed the FinTech company to solve a problem that many countries faced when trying to execute cross-border payments.

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PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based billion in 2015. based economic research firm. Collectively, the amount of those loans reached $3.9 billion in 2017 from $2.6

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PYMNTS

JANUARY 18, 2021

As part of its international growth plans, British business FinTech company Tide unveiled intentions for an experimental rollout in India in the first quarter of this year with a broader launch to come, Business Standard reported. Tide provides corporate accounts and adjacent banking offerings.

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PYMNTS

DECEMBER 2, 2020

Luxembourg regulators have given a thumbs-up to the FinTech PingPong , authorizing it to do business as an Electronic Money Institution (EMI). PingPong was founded in 2015 to enable eCommerce payments as online spending took off. “We The B2B company has offices in New York, San Francisco, Japan, Hong Kong and Hangzhou, China.

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PYMNTS

MARCH 12, 2020

She was promoted numerous times, and from 2015 to 2017 she was the first female technical adviser to Jeff Bezos , Amazon’s founder, chairman and CEO. At SoFi , based in Silicon Valley, Renz will lead the FinTech startup’s credit card, brokerage and bank account businesses, one of the sources told WSJ.

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PYMNTS

MAY 5, 2020

London-based FinTech Revolut is planning to tap the $500 million it got from investors to acquire competing technology firms suffering from the impact of the global coronavirus pandemic. Founded in 2015, Revolut began with a prepaid debit card that enables people to sidestep foreign exchange fees while traveling abroad.

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Gonzobanker

AUGUST 11, 2020

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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Bank Innovation

JULY 21, 2016

When Lending Club did its IPO in December 2014 I declared it as the Netscape moment for Fintech (when it became conventional wisdom that this was going to change the world). I could be accused of contributing to the Fintech hype, which became intense in 2015 with investors flooding into Read More.

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PYMNTS

DECEMBER 16, 2019

South Korean FinTech startup Viva Republica , creator of the financial services platform Toss, was granted preliminary approval for a digital banking license from the Financial Services Commission of Korea , a Monday (Dec. Since its launch in 2015, Toss has become the only FinTech unicorn in Korea. 16) press release indicated.

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PYMNTS

JULY 15, 2019

Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12). Offering real-time payments as well as a range of APIs will enable Avidia to expand its offering to FinTechs that want to integrate faster payment capabilities into their own solutions.

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Bank Innovation

APRIL 18, 2016

We have been trashing the Fintech hype all through 2015, so we are clearly Read More. During a few days in London last week, there was a disconnect between public bullishness and private bearishness. The hype talk on stage contrasted with behind the scenes talk about bubbles and down rounds and layoffs.

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Bank Innovation

NOVEMBER 17, 2016

It’s all their fault that funding for fintechs continued to fall in the third quarter. (We’d We’d also add that the exuberance in the first part of 2015 was making some investors nervous.) Exhibits No. 1 and 2: Brexit. Presidential election. Now that we’ve gotten that out of the Read More.

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PYMNTS

DECEMBER 22, 2019

As it ponders an IPO in the next two years, Sweden’s caller ID firm Truecaller has been piloting FinTech products to offer credit to small businesses, Bloomberg reported. In three years, revenue from subscriptions, advertising and FinTech will be equal in size for Truecaller,” Mamedi said. “In

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PYMNTS

DECEMBER 19, 2019

Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, TechCrunch reported on Thursday (Dec. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015.

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TheGuardian

JULY 15, 2021

It comes after banking app raised $800m from new investors Tiger Global Management and SoftBank The banking and payments app Revolut has become the most valuable British fintech firm on record after a fresh funding round pushed its valuation to $33bn.

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PYMNTS

JANUARY 4, 2017

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. According to a report by Reuters , while FinTechs may not be red hot in the U.S., Reuters reported investments in FinTech in the U.S.

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CB Insights

SEPTEMBER 1, 2020

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.

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Bobsguide

FEBRUARY 12, 2018

The second installment of our ‘fintechs to watch’ series looks at the exciting world of newcomer fintechs since 2015. These are the companies we’ve come across (and spoken to!) who we think have a fantastic product and proposition as well as the right people and passion to.

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PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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Gonzobanker

DECEMBER 4, 2019

Recent acquisitions illustrate how data is driving fintech valuations. Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. quietly acquired the remainder of lending analytics provider Intuvo , where it had a controlling interest since 2015.

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PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. Morgan Stanley’s move comes at a time when the Brazil FinTech market is exploding. Fortress Investment Group also took part in that deal.

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PYMNTS

OCTOBER 7, 2016

It appears Manchester may be giving London a run for its money as the next great FinTech sector in the U.K. The city’s FinTech reputation and tech sector are on the rise. Manchester has a proven track record of supporting FinTech investments complemented by a high-caliber of talent,” he continued.

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PYMNTS

AUGUST 10, 2017

Banks and FinTech companies have a complicated history. While traditional banks offer a more established and tested set of products, the offerings of newer FinTech companies — such as real-time data, streamlined payments and quick notifications — are helping these new players encroach on banks’ territories. Why the tension?

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PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. Global Breakdown.

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PYMNTS

FEBRUARY 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters , traditional banks will feel the impact if FinTechs start offering services such as payments, crowdfunding, mobile banks and online trading. In fact, Britain’s Financial Conduct Authority and the U.S.

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