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FinTech Nium Moves Into The Middle East

PYMNTS

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website.

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B2B FinTechs Nab Funding Before 2016’s Close

PYMNTS

It’s no surprise that venture capital rounds in B2B FinTech may be dwindling as the holidays ramp up, but that doesn’t mean the space has gone ignored. Europe and Asia provided more than $19 million across treasury management, corporate FinTech and Software-as-a-Service. Treasury Management.

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Facebook, Celebrities Join $50 Million Series B For FinTech Startup Step

PYMNTS

Silicon Valley FinTech startup Step has raised $50 million in a Series B funding round, the company announced Wednesday (Dec. The funding round was led by new investor Coatue Management, a slew of celebrity backers and Big Tech executives.

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RegTech, AI Fuel Strong B2B FinTech Numbers

PYMNTS

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. Financial Services FinTech Practice Co-Leader Anthony Rjeily in a statement.

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Brexit vote has ‘chilling’ effect on FinTech investment

Chris Skinner

Innovate Finance, which represents 300 UK fintech companies, says venture capital investment fell from $1.2bn (£970m) in 2015, to $783m last year. There were 1,436 fintech deals globally, attracting $17.4bn in investment, Innovate Finance says, with China outpacing the US for the first time. But globally, investment rose 10.9%.

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Cancel Culture: Technology Makes Managing Subscriptions Easy For Consumers and Banks

PYMNTS

Founded in 2016 in Gothenburg, Sweden, Minna enables customers to manage subscription services via their bank’s app. While subscription management is an issue for consumers, it’s also an issue for banks because there’s a risk that extra money can be taken from the bank account as the data ties are cut between the merchant and customer.

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India Closes 2016 On Top

PYMNTS

FinTech is no stranger to this pattern, and while venture capital levels have seemed to dwindled in certain markets (analysts found VC funding down by 29 percent in 2016 compared to last year), B2B startups remain the apple of many investors’ eyes. Supply Chain Management. India saw a particularly lucrative year.

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