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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The latest infusion of cash came from TSG Consumer Partners , a San Francisco-based private equity company. The FinTech has since expanded to offer business banking. million (£106.5

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

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Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. To date, Varo has raised $419.4

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SoFi Expands Into Hong Kong With ‘Automated Investing’ Vehicle

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The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion.

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StanChart Deepens China Focus With Innovation Lab Launch

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7) that the Shanghai opening adds to Standard Chartered’s existing network of labs, which are open in Singapore, Hong Kong, Kenya, London and San Francisco. The latest lab will aim to promote collaboration between the bank’s employees, corporate clients and FinTech partners to develop new financial services for businesses.

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Plaid Technologies Scores $44M Off Goldman Sachs-Led Round

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The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Or, said more simply, Plaid provides an API layer that sits between banks and FinTech innovators who want to access bank account information for what they are doing and makes the connection possible.

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

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The latest infusion of cash comes from TSG Consumer Partners , a San Francisco-based private equity company, TechCrunch reported. Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others.

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FinDEVr APIntelligence

Fintech Labs Insights

Building a new financial technology? The latest from FinDEVr San Francisco 2015 presenters: Modest Money asks : Are Personal Capital’s Financial Advisors for the Small-Time Investor? Let’s Talk Payments features BehavioSec in a round up of top Nordic fintech startups.