CB Insights

NOVEMBER 21, 2019

While deals and dollars slowed to Canadian startups in the first half of 2019, early-stage startup activity suggests that there’s more to the story. GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019. Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map.

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Bobsguide

DECEMBER 28, 2018

If a number of economic indicators are to no longer be ignored, financial markets are not far off a sharp correction, followed by a deep and lasting depression. Alarmingly, economists are pointing to a variety of factors – from US corporate bonds to household wealth – that could drag.

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Marketing Fintech US 100

PYMNTS

OCTOBER 8, 2019

Kazakh FinTech group Kaspi.kz still decided to postpone its listing “in light of currently unfavourable and uncertain market conditions, particularly in the technology sector.” still decided to postpone its listing “in light of currently unfavourable and uncertain market conditions, particularly in the technology sector.”

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PYMNTS

DECEMBER 11, 2020

A new funding round for the Stockholm-based FinTech Tink boosted the startup’s valuation over 60 percent to €680 million ($825 million), according to a CNBC report on Friday (Dec. Tink also plans to use the new funds to expand staff from its roster of 365 employees, up from 150 in 2019. 11), citing sources.

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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). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

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Bank Innovation

JANUARY 20, 2020

Singapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets. In 2019, the Monetary Authority of Singapore announced it would issue three digital wholesale bank licenses and two digital full bank licenses, challenging Singapore’s legacy financial institutions, CNBC reported.

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Fintech Marketing Report Company 293

Gonzobanker

AUGUST 11, 2020

OnDeck’s fire sale aside, recent deals at nCino, Black Knight and Ellie Mae are a shot in the arm to a market in need of some good news. 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 Thomas H.

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PYMNTS

MAY 6, 2020

FinTech payments startup Nium , based in Singapore, is getting a new round of funding led by new investors Visa and BRI Ventures. which complement our own and can help us ship faster in markets we are bullish on,” Nanu said. InstaReM rebranded to become part of Nium in October 2019.

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Fintech Regional Payments Strategy 256

PYMNTS

APRIL 30, 2019

Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. In the first quarter of 2018 venture funding going toward FinTechs stood at $6.2 It has a valuation of $2.7 It has a valuation of $2.7

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Bank Innovation

JANUARY 31, 2019

PayPal finally anticipates monetizing Venmo in 2019, nearly six years after acquiring the P2P service. Venmo's revenue run-rate is over $200 million for 2019, PayPal CEO Dan Schulman said in the earnings call Wednesday after market close.

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PYMNTS

JANUARY 31, 2019

Mastercard has released its latest report on the FinTech landscape, with analysts fixing their eyes on the small business (SMB) community to drive competition and innovation. Another key trend is the role of SMBs, the report noted, claiming that small businesses were “the next battleground for FinTech.”.

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PYMNTS

JUNE 23, 2020

Partnering with leading fintech companies is a critical component of our strategy to accelerate digital growth,” MoneyGram Chief Operating Officer Kamila Chytil , who heads the company’s digital business, said in the announcement. But revenues in Q1 fell to $291 million, down from $315 million in Q1 of 2019, a nearly 8 percent decline.

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Fintech Dallas Financial Technology Report 250

BankInovation

NOVEMBER 29, 2023

Apple and Goldman Sachs are parting ways on the Apple Card and the tech giant will be in the market for a new issuer — and whether that’s a traditional financial institution or card-issuing fintech is the question now. The companies have been in cahoots on the Apple Card since 2019, but losses in Goldman’s […]

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PYMNTS

OCTOBER 22, 2018

Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. Experian will compile consumers’ banking information with assistance from FinTech company Finicity. FICO is “very focused” on its “ability to separate future good borrowers from bad borrowers,” he said.

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PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth.

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PYMNTS

SEPTEMBER 30, 2019

Something particularly notable in the emergence of FinTech platforms all over the world, Matt Dill, Visa’ s Global Head of Strategic Partnerships and Venture told Karen Webster when they discussed the worldwide launch of Visa Partner. 30), the card network announced just such a FinTech partnership. So today (Sept.

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PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. In the U.S., KarbonCard.

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PYMNTS

NOVEMBER 10, 2020

The FinTech also has eCurrency licenses in Lithuania and the U.K. Last year the company was awarded a $371 million loan backed by Goldman Sachs Private Credit and Bain Capital Credit to finance its growth into 31 markets. In July of 2019, SumUp had 151 million users and posted an annual revenue of €200 million.

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Gonzobanker

JANUARY 25, 2019

Fiserv acquiring First Data Corporation is a huge deal in the fintech world. Twenty-two billion dollars is a monster-size deal, but at 2X First Data’s annual revenue, the price is a way lower revenue multiple than the growth-oriented digital mashups lining up in the market. Diversification versus Concentration.

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PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Latency Advantages.

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Fintech Mobile Analysis Technology 211

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.

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Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

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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. Japan has been moving to a cashless society since October 2019 when the government started partially subsidizing digital payments. Other investors include U.K.

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PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space.

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PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

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PYMNTS

FEBRUARY 26, 2020

Klarna, a Swedish FinTech that allows customers to pay for items through installments, has posted its first annual loss after years of being profitable, according to a report by CNBC. . billion krona) in 2019. The company said it will enter “a number of new markets this year.”. The company reported a loss of $113 million ( 1.1

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PYMNTS

FEBRUARY 19, 2019

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. based FinTechs said they have garnered more than 200 million pounds. Thus far in 2019, data from Innovate Finance , the U.K.

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PYMNTS

MARCH 31, 2020

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. Shopmatic said it helps business owners increase their sales by accessing new markets through online channels and point-of-sale solutions. Financial details of the acquisition were not disclosed.

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PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. The Two Faces Of Consumer Credit. They are becoming homebuyers.”

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Millennials Lending System Data 145

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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Fintech Company Lending Capital 101

Insights on Business

JANUARY 17, 2019

IBM will be hosting IBM Think 2019 from February 12-15 this year at a new location in San Francisco, CA. In 2019, the financial services industry will continue to be disrupted by new customer experience expectations, market entrants, emerging ecosystems, digital transformation and shifts in a variety of economic and technological trends.

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PYMNTS

JANUARY 29, 2019

On Monday (January 28) Acorns , the FinTech that helps users invest spare change, announced a Series E found of funding that gives it a valuation of $860 million, pushing it nearer to unicorn status. FinTechs brought in $11.89 There were 659 investment deals with FinTechs in 2018. Asian FinTech startups raised a record $22.65

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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. The proposed law would bypass the mixture of regulatory approaches FinTech firms currently have to deal with, as well as review how firms handle cybersecurity and cyber threats.

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CB Insights

FEBRUARY 20, 2019

Last year was a banner year for fintech, with over 1,700 deals worth nearly $40B. From record levels of funding to increasing consumer tech adoption, fintech is seeing dramatic growth across the globe. GET THE 106-PAGE FINTECH TRENDS REPORT. VC-backed fintech investing in South America hit a record 55 deals last year.

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CB Insights

FEBRUARY 18, 2020

2019 saw fintech reach an inflection point on a global scale, pulling in $34.5B Fintech startups are maturing beyond early stages. In 2019 there were 83 mega-rounds, an 81% jump from 2018. . 2019 saw fintech deals and funding spread to emerging and frontier markets. across 1,913 deals.

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Payments Source

SEPTEMBER 1, 2020

FIS' purchase of Worldpay in 2019 required Ellyn Raftery, the company's chief marketing and communication's officer, to reshape its brand to showcase the strengths of both companies — all while a major global pandemic hastened her timeline.

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Branding Marketing Company Fintech 174

Gonzobanker

FEBRUARY 26, 2019

Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. Heck, we weren’t even three weeks into 2019 when Fiserv ’s $22 billion proposed First Data acquisition—one of the biggest fintech deals ever —was announced to the Street. Money talks. To name a few…. Finastra acquired Malauzai.

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Fintech Analytics Lending Case Study 104